Ottawa, Canada, March 21, 2000 - Precidia Technologies Inc. announced today that President Deepak Wanner was a chosen winner in the Forty under 40 Awards, sponsored by the Ottawa Business Journal. The winners were announced yesterday. The Forty under 40 awards recognizes the Ottawa-Carleton region's most dynamic business leaders under the age of 40.

"I am thrilled to have been nominated for such a prestigious award, and I am honoured to have been chosen from amongst so many worthy candidates in our region. It is very satisfying to be recognized within your community for your accomplishments, and I want to express my appreciation to the Ottawa Business Journal for sponsoring such a positive event", said Deepak.

Deepak was selected from eligible business leaders across a diverse array of industries. Winners are chosen based on specific criteria, including career accomplishments, professional recognition and community involvement.

David McCarthy, Managing Director of BCE Capital Inc., who is a Precidia investor stated, "Deepak Wanner has achieved tremendous strides in the few short months since Precidia was established. Compared with other early stage investments, Precidia is far advanced in setting up strategic relationships, delivering products, and acquiring customers. This award is well deserved and a credit to Deepak's accomplishments as a business leader." The winners will be presented at an Awards Gala at Ottawa's Westin Hotel on May 1st, 2000.

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.