Ottawa, Canada, Feburary 17, 2000 - Precidia Technologies Inc. announced today that it has released the Ether232, a network enabling device that can connect legacy serial devices to IP networks. The Ether232 converts outdated networks over to IP, facilitates upgrade of legacy equipment, and consolidates stand-alone terminals.

Precidia President Deepak Wanner, a recognized expert in financial POS systems states, "IP technology has become the de facto standard, and with our complete line of products and services, we translate the access points from legacy protocols to IP."

Precidia is the first choice for IP conversion of the retail financial payment network. Using Precidia's unique secure portals and gateway products, this migration has been simplified into a "plug and play" solution. IP Services, such as loyalty programs are easily added to provide additional benefits to the customer and retailer.

Network Providers and System Integrators are taking advantage of the Ether232 Thin Server, which brings the advantages of remote access, communication and network management to any currently installed legacy devices.

Steve Brooks, President of Tender Retail states, "The Ether232 opens up markets which have previously not been available. By incorporating the Ether232 into our debit/credit solution, we are now able to address cross platform and open systems with a thin client solution."

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.