Dyad Corporation Acquires BASECORP.

ORLANDO, Fla.--(BUSINESS WIRE)--July 17, 1997--

Dyad Corporation adds tellerless banking centers to product line

Dyad Corporation, Inc. announced the acquisition of Miramar, Florida-based Bank Systems & Equipment Corp. (BASECORP), a leading developer of self-service Automated Banking Centers (ABC).

The acquisition expands Dyad Corporation's alternative delivery system product line to include multifunction, tellerless banking terminals. BASECORP, which has customers throughout South America, enables Dyad to enter new markets outside of the United States.

The through-the-wall terminals are owned or leased by banks and credit unions and enable them to provide remote, 24-hour financial services to account holding customers and members. The ABC machines can take deposits; print money orders; issue cashiers checks; print checks with "gift" messages; open accounts; print statements; print fraud resistant checks with fluorescent inks; and process and close mortgage and consumer loans. They are designed as convenient, cost effective alternatives to brick and mortar office locations. BASECORP will introduce a sit down version of the ABC machine by forth quarter of this year.

C. Michael Bowers, president & CEO of Dyad Corporation, said, "BASECORP's virtual banking center concept define the next generation of convenience-based customer services. Financial institutions can bring services historically confined to office locations to remote, high traffic locations, such as shopping malls. The units do everything except dispense cash which helps users conduct all transactions at a self-paced speed."

Banco Santander, a multi-billion dollar Spanish bank with offices in Puerto Rico has seven ABC machines. The machines were designed to be strategically placed in high traffic areas such as bank and credit union branches, select employee group (SEG) office locations, shopping malls, retail stores like SAMs and Wal Mart, and supermarkets. Other BASECORP customers include Filanbanco (Guayaquil, Ecuador), Banco del Pacifico (Guayaquil, Ecuador); Conavi (Medellin, Colombia); Banco Popular (Quito, Ecuador); and Richmond Federal Credit Union. Plus, BASECORP also has a unit on display in the Andersen Consulting Technology Showplace in New York City.

This alternative customer service delivery system is designed to allow videoconferencing with a customer service representative at the point-of-sale to provide additional assistance and for cross-selling products and services. Each ABC features an interactive touch screen, an alpha-numeric keyboard, a reduced imaging receipt check depository, email and electronic forms generation, an access card reader, an electronic signature capture, a patented multi-color printing system, a scanner, a fax, a telephone, and a videoconferencing system.

"The ABC machines are a natural extension of our Automated Lending Machine consumer lending and MoneyPRO mortgage lending kiosks," Bowers continued. "Acquiring BASECORP means we can add critical mass and bring additional operating efficiencies to our business. We are well on our way to fulfilling our growth strategy, which consists of developing new services, expanding geographically, and leveraging client relationships while pursuing strategic marketing alliances."

Bill Hasewinkle, president of BASECORP, said, "We want to make the largest possible impact on the financial services industry. Combining our technologies gives users a truly diversified way to manage their financial business."

Dyad Corporation, an affiliate of InterCept Holdings Company, provides kiosk-based lending solutions for the financial industry. The company's Automated Lending Machine (ALM) enables borrowers to generate unsecured consumer loans ranging from $500 to $15,000 and receive a fully encoded check for the loan amount featuring the applicant's photo. MoneyPro uses advanced videoconferencing to bring mortgage rates, information, and lending decisions to the point of sale. Both kiosks are strategically placed in high traffic retail and mortgage lending environments.

For more information on BASECORP, contact Bill Hasewinkle, President, at [phone] or [phone]; or write 10300 USA Today Way, Miramar, Florida 33025-3901.

For more information on Dyad Corporation, contact C. Michael Bowers, President & CEO, at (770) 770-582-8383; or write Dyad Corporation, 3150 Holcomb Bridge Road, Suite 200, Norcross, Georgia, 30071-1312.

CONTACT: Dyad Corporation

C. Mike Bowers, 770/246-3733

or

for Dyad Corporation

Kristin Tepe, 404/264-7210

[e-mail]