FOILMARK AWARDED BANK OF CHINA ORDER; Marks First U.S. Entry Into Manufacture of Credit Cards For China.

Melville, NY--(BUSINESS WIRE)--August 29, 1995--Foilmark, Inc. (The Nasdaq National Market:FLMK), a leading manufacturer and distributor of equipment and products used to apply foilmarking and ink decoration for package enhancement and security devices for credit cards, today announced that it has received an order from China Banknote Printing and Minting Corp., Beijing (The People's Bank of China) in the amount of $560,000 for equipment used to manufacture security holograms for application on plastic credit cards.

Scheduled to be shipped by January 1996, the machinery includes specialized high speed coating equipment, application equipment for the manufacture of security credit cards and high speed inspection and counting equipment. The holograms to be manufactured and applied using Foilmark's equipment and specialized films are designed as a deterrent to counterfeit duplication of credit cards. To the Company's knowledge, the contract with China Banknote marks the first significant order for credit card equipment and materials awarded to a U.S. company by a Chinese financial institution.

Joe Olsen, President and CEO of Foilmark, stated, "Over the past few years, the banking and financial institutions of China have made major strides towards creating a paperless transaction system. As part of this initiative, the Bank of China, an agency of the Chinese government much like the U.S. Federal Reserve System, plans to develop an exchange system based on holographic credit cards. While this equipment order is for a single pilot production line, being the first to provide the machinery and materials to the potentially large Chinese market gives Foilmark a strong competitive edge and we are hopeful that there will be additional orders in the future. If Foilmark should penetrate the Chinese market, the opportunity for future incremental revenues would be substantial.

"In addition to our entry into the Chinese market, we believe that there are tremendous international growth opportunities available to Foilmark," said Mr. Olsen. "For the first six months of 1995, export sales accounted for 14% of total revenues and 20% of foil sales. The Company expects to see a substantial increase in this area in 1996 and beyond."

Mr. Olsen concluded, "In order to become an international full-service leader in the product enhancement business, we will continue our efforts to identify and pursue new markets and niches for our products."

CONTACT: FOILMARK, Inc. INVESTOR RELATIONS COUNSEL:

Joe Olsen, President & CEO -or- The Equity Group

[phone] Terry Hosmer [phone]

Phil Leibel, VP & CFO  Tamara Ehlin [phone]

[phone]