Truscom Inc, a Wholly Owned Subsidiary of Halifax International Announces Agreement with XTEC, Inc.

Business Editors/Hi-Tech Writers

ATLANTA--(BUSINESS WIRE)--Feb. 1, 2001

Halifax International, Inc. (OTC BB:HFAX) would like to announce the finalization of an agreement between it's wholly owned subsidiary, Truscom Inc., and security solutions provider XTEC, Inc.

This agreement gives Truscom exclusive rights to promote and market XTec's Mediametric(TM) technology to the Japanese markets as well as non-exclusive marketing rights throughout rest of the world. For additional information on Mediametrics(TM) go to www.xtec.com on the world wide web.

Truscom, Inc., a Japanese corporation and wholly owned subsidiary of Halifax International, Inc was established in June 2000. Truscom aims to become a leading supplier of authentication and security technologies to the Japanese and Asian markets. "XTec's Mediametric(TM) technology is an ideal authentication solution that provides a simple yet secure way to meet the rigorous requirements of the Japanese business environment," said Yoshihiko Komatsubara, President and CEO of Truscom. "Furthermore, Japan's growing e-Economy also demands authentication and security technologies that meet both domestic and international standards. We believe that Mediametrics(TM) is capable of providing that level of global acceptance - it is a technology that is poised to play a major role in the global authentication and security arena," added Komatsubara.

XTec, Incorporated is a closely held company headquartered in Miami, Florida, which develops, produces, and licenses secure solutions for a wide range of government and commercial uses. The Company's premier breakthrough technology, Mediametrics(TM), is a peerless, non-finite state based, security solution. Mediametrics(TM) enables business and organizations in the public and private sectors to securely process, store, and manage proprietary information. Key areas of focus for XTec include secure solutions for electronic commerce, embedded systems, transaction and data processing, access control, communications, and Internet banking.

About Halifax International, Inc.

Halifax International, Inc. seeks to capture market leadership and deliver financial returns within the vast and high-growth market for cash-based electronic transaction services. Management will attempt to establish an extensive, nationwide distribution of proprietary point-of-sale terminals that enable multiple types of cash-based transactions, with speed, ease, cost-efficiencies, and extensive security. Management anticipates this distribution network will include convenience stores, mass merchants, non-bank financial businesses, gas stations, drug stores, groceries, college campuses, mailbox / packaging stores, and other neighborhood / convenience locations.

The above statements regarding this announcement, which are not purely historical, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including Halifax International, Inc. beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and based on information available to Halifax International, Inc. as of such date. It is important to note that actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could affect results to differ materially include risks and uncertainties such as technological, legislative, and marketplace changes.