Ottawa, Canada, April 27, 2004 - Precidia Technologies Inc., a global leader in the design and manufacture of IP access devices, together with private satellite provider EchoSat, today announced the successful implementation of an IP based transaction processing solution for AmeriStop Food Mart, a leading chain of expanded convenience stores.

The solution teams EchoSat's highly reliable private satellite service with Precidia's EtherDial to connect AmeriStop's existing payment terminals to newer, faster and more cost effective IP networks. The EtherDial migrates transaction data from a dial-based infrastructure to a TCP/IP network, and together with EchoSat's satellite service, eliminates the merchant's dependence on a dedicated telephone line for transaction processing.

"This solution is already proving to be a winner for AmeriStop", said Jim Gastright, MIS Director of AmeriStop. "Not only can we reduce expense by eliminating costly dial lines, but the solution is completely seamless, allowing for an easy transition to IP using our existing payment terminals. It is the ideal solution for our convenience stores, where transaction speed and merchant costs are critical."

EchoSat CEO C.L. (Lee) Rutherford believes this offering bolsters the value the company can deliver to its merchants: "Precidia's products provide the missing link in the transition to a satellite based IP processing solution. We know that merchants like AmeriStop appreciate the speed and reliability of satellite, but require a solution, which allows them to keep their existing payment terminals while accessing the benefits of an IP network from anywhere. Together, we are providing this fully integrated service. With EchoSat, our customers like AmeriStop have the best of all worlds, a high-speed private satellite WAN, Internet access, and with Precidia's products, have extremely fast POS transactions, all on one network."

"This is a flagship implementation for Precidia", said Deepak Wanner, president and CEO of Precidia Technologies. "While convenience stores have typically deployed our products to eliminate dial lines and reduce costs, we now have the ability to deliver a satellite based offering to merchants who want to migrate to IP processing with the reliability offered by satellite service."

About EchoSat
Providing a total solution to both common and complex communications problems, EchoSat designs and implements satellite solutions for ease of operation, efficient use of personnel and equipment, speed of communications and cost effectiveness. EchoSat's seasoned communications team features specialists in the fields of satellite, terrestrial and wireless technologies, computers, software systems integration, operations and logistics. The focus of this team of communication experts is to provide a partnership approach to each step of the communications process for our clients. EchoSat turns systems technology into tailored business solutions, becoming involved in the vision and goal of each client we serve. For more information, visit EchoSat on the web at www.echosat.com.

About Precidia Technologies
Precidia Technologies Inc. is a global leader in the design and manufacture of IP access devices for a wide range of industries, including retail payments and building automation. With customers in over 75 countries, Precidia's unique product line of wired and wireless access devices seamlessly migrate stand-alone serial and dial equipment onto more sophisticated IP networks. For more information, visit Precidia on the Web at http://www.precidia.com.