Cellucom Selects Hypercom's HBNet to Speed Wireless Product Activations.

Price, Performance & Security Drive Fast Growing Wireless Provider's Move to HBNet

PHOENIX -- Hypercom Corporation (NYSE: HYC) today announced that Cellucom Group Inc., a leading provider of prepaid wireless products in North America, has selected Hypercom's HBNet, Inc. transaction transport subsidiary for point-of-sale (POS) activation services.

The use of Hypercom's high security transaction transport service will help Cellucom POSA quickly activate its prepaid wireless and long distance cards at the point-of-sale. With HBNet, POS activation will be completed faster, more securely and more affordably than ever before.

"We selected Hypercom's transaction transport service because it delivers the best combination of performance, security and price; and that gives us the ability to deliver unbeatable speed, service and convenience to hundreds of retailers and the thousands of consumers they serve," said Abdul Akel, Managing Director of Cellucom POSA.

Cellucom POSA, a division of Cellucom Group Inc., provides retailers with everything they need to market and activate prepaid wireless airtime along with the distribution of prepaid cellular phone handsets. The company's products are sold in 30 states, and with this new POSA service Cellucom will be able to serve customers nationwide.

"Cellucom's selection of HBNet is an important addition to our customer base and a solid endorsement of our value proposition. Simply put, Hypercom's HBNet transaction transport service offers a combination of performance, price, service and know-how that can't be beat," said Connie Festa, HBNet Vice President of Sales, Global Network Services, Hypercom Corporation.

Hypercom's HBNet network speeds the authorization and processing of electronic transactions for retail point-of-sale, financial, government, health care and other customers in both the dial and IP POS markets.

HBNet is powered by robust, ultra high-density MegaNAC[R]180 Network Access Controllers (NACs) strategically positioned within the North American Public Switching Telephone Network (PSTN) and at processor data centers. It supports all POS terminal protocols at any modem speed up to V.92 and provides uninterrupted service with no single point of failure, seamless load balancing, state-of-the-art Web-based reporting, and simple all-inclusive pricing.

About Cellucom Group Inc. (www.cellucomgroup.com)

An established leader in all aspects of the wireless industry, Ohio-based Cellucom Group Inc. (CUC) is one of the most highly regarded wireless product fulfillment and distribution companies. CUC, through several divisions, offers a complete wireless product fulfillment lifecycle. CUC offers customers a variety of services. These services include POS, Recycling, Reclamation, Remanufacturing, Distribution and Fulfillment. CUC works closely with customers to ensure success in all facets of the wireless business. CUC continues to evolve its product line to give customers the success and commitment they deserve.

About Hypercom (www.hypercom.com)

Global payment technology leader Hypercom Corporation (NYSE: HYC) delivers a full suite of high security, end-to-end electronic payment products and services. The company's solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, healthcare, prepaid, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits.

Hypercom, HBNet and MegaNAC are registered trademarks of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners. This press release includes statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding market acceptance of new products, product capability and performance, product competitiveness, product sales, revenues and profits. These forward-looking statements are based on management's current expectations and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward-looking statements include, industry, competitive and technological changes; the loss of, and failure to replace any significant customers; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and services; compliance with industry standards, certifications and government regulations; the performance of suppliers, subcontractors and contract manufacturers; risks associated with international operations and foreign currency fluctuations; the state of the U.S. and global economies in general and other risks detailed in our filings with the Securities and Exchange Commission, including the Company's most recent 10-K and subsequent 10-Qs and 8-Ks. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. HYCP