Ottawa, Canada, February 21, 2008 - Precidia Technologies Inc., a global leader in the design and manufacture of Internet Protocol (IP) payment and networking products, and Givex, a global provider of closed loop card technologies including gift, loyalty and other stored value programs, announced today the certification of PrecidiaPOSLynx220 with TransNet secure payment engine with Givex gift card and loyalty programs.. This certification allows merchants to easily route gift card and loyalty transactions to Givex's host using Precidia's payment engine.

Merchants in hospitality and retail choose TransNet's unique router-based approach to process payments from any existing PC, cash register or hospitality POS system. For many of these merchants, gift card and loyalty programs are a key plank in customer acquisition and retention as well as revenue generation. To ensure these merchants have a full range of transaction processing options, Precidia has certified TransNet and the POSLynx220 payment router with Givex.

"The certification enables merchants to take advantage of Givex's cutting-edge gift card and loyalty programs in the ever-changing competition in the market place", said Amanda French, VP Sales and Marketing, Givex. "Givex is committed to ensuring these merchants enjoy our high standards of program and support services, which foster customer relationships and increase revenue", said Ms. French.

Precidia President Deepak Wanner highlights the importance of today's announcement to merchants: "In TransNet, we are delivering a simple, cost effective and secure payment solution that allows merchants to easily route transactions to any processor", said Mr. Wanner. "Givex is the first gift and loyalty card processor to certify the TransNet payment engine, and adds to a growing list of processing options available to our customers. Certifications like these are a testament to the value of TransNet to key retail market segments", said Mr. Wanner.

In addition to processing real-time transactions from Givex gift card and loyalty programs, merchants will benefit from a full range of support services, including 24/7 support, online reporting, program administration, card production and marketing, and more.

For more information on TransNet, visit http://www.precidia.com/products/transnet.html.

About Givex
Givex uses award winning card management systems to help our partners deliver customer acquisition and retention programs that improve profit performance. Our experience, reliability and commitment to excellence have established Givex as a leader in closed loop card processing in North America and Europe. For more information, visit www.givex.com.

About Precidia Technologies
Precidia Technologies is a global leader in the design and manufacture of Internet Protocol (IP) payment and networking products. With customers in over 85 countries, Precidia offers unique products designed for simple serial networking, as well as a suite which manages the complexity of IP based payments in the retail industry. All of Precidia's products have been designed to maximize the potential of existing equipment, with deployment, monitoring, security and management tools. For more information, visit Precidia on the Web at http://www.precidia.com.