Orion Technologies Completes Acquisitions.

ALEXANDRIA, Va.--(BUSINESS WIRE)--July 9, 1999--

Orion Technologies, Inc. (OTC BB: ORTG) announced today that it has completed the acquisition of the controlling interests in two German companies: EZ Elektronische Zahlungssysteme GmbH (EZ) and EPS Elektronische Processing Systeme GmbH (EPS).

EZ and EPS, both based near Frankfurt, Germany, are engaged in electronic point of sale (POS) terminal rentals and the electronic processing of debit and credit card transactions over such terminals in Europe.

Electronic point of sale processing is the technology used by retailers to facilitate payment by credit or debit cards, bank customer cards (ATM), and chip cards (cash cards) with POS terminals. These terminals, widely used by retailers in the United States and the United Kingdom, are currently in use by only 8% of the merchants in Germany.

As a result of greatly increasing use, retailers in Germany experienced a 30% growth rate in the use of retail electronic payments in 1998 and the rate is expected to increase over the next several years. Eurocheque cardholders alone represent over 49 million consumers, with bank debit cards representing another 15 million consumers in Germany.

In addition, the dramatic growth of private label credit cards and bank customer cards represents hundreds of million dollars in additional revenue to the industry. German merchants are experiencing, as have the retailers in the US and UK over the last decade, increased business revenues based on the availability of electronic point of sale equipment.

Orion also announced that the Board of Directors has authorized the reverse split of its issued and outstanding common shares on a ratio of 20:1. The split was approved by the majority of the shareholders at their meeting in May and is now being implemented by the Board.

Management believes that the reverse split will enhance the marketability for Orion's common stock in future business acquisitions and generate interest in the company among investors. This will facilitate Orion's efforts to obtain additional financing and to pursue the growth of Orion through acquisitions.

Orion is concentrating on Internet and telecommunications based technologies and services for e-commerce and associated business, both domestically and abroad. The reverse split is effective July 9, 1999 and Orion will trade under the symbol "ORTGD."

Orion purchased EZ and EPS for a total of 25,000 post split shares and up to an additional 75,000 post split shares can be earned based on the achievement of certain performance goals by EZ and EPS, including increased rentals of POS terminals and revenue and profitability targets. Certain debts of the German companies were converted to Orion common stock as part of the acquisition transaction.

"We are pleased to complete our first acquisition in a market that is experiencing tremendous growth," stated A. Frans Heideman, President of Orion Technologies. "EZ and EPS currently have over 300 terminals installed in Germany and are poised for rapid expansion both there and in the rest of Europe. Along with internal growth, the management of Orion is pursuing additional business opportunities through related acquisitions."

Statements made in this press release that are not historical or current facts are "forward looking statements" made pursuant to the safe harbor provisions of federal securities laws.

Forward looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results and events to differ materially from those presently anticipated or projected.