Ottawa, Canada August 22, 2006 - Precidia Technologies Inc., a global leader in the design and manufacture of Internet Protocol (IP) access devices, announces verification of its POSLynx220™ with NetVu™ payment router by Merchant Link, a leading solutions provider to the integrated point-of-sale (POS) industry. The POSLynx220 multi-port payment router connects serial and dial based equipment such as PC or electronic cash registers and ATMs to DSL, cable or wireless IP networks. Designed to meet the needs of the retail payments industry, it features SSL, dial back up and routing to multiple destinations based on card type.

Following extensive testing, the POSLynx220 has been verified by Merchant Link to transmit high-speed transactions via the Merchant Link siteNET® M2 Internet Gateway, to the processing host. The POSLynx220 converts the dial message to an IP format for transmission over the Merchant Link network. The testing verified transactions transmitted via a PC-based integrated point-of-sale system and confirmed that transaction time was significantly improved. Hospitality management systems from several major vendors are widely-used for electronic payments in the restaurant industry, but many are not currently configured to send transactions over a high speed broadband network.

"The POSLynx220 has met the rigorous Merchant Link requirements for connectivity to our siteNET®/M2 Internet Gateway", said Sue Zloth, Merchant Link Group Manager, Product. "Merchants depend on their existing payment systems, and Precidia's solution offers a simple, cost effective IP migration path that helps them realize the benefits of processing transactions over an IP network: speed, cost savings and greater reliability," she added.

Delaware North Companies uses the POSLynx220 with NetVu to speed transactions in its airport convenience stores. "Our stores process over 2000 transactions in a typical day, and the POSLynx220 has reduced authorization to under 5 seconds per transaction", said Glen Ford. "In our high volume environment, this results in a quantifiable improvement in customer service. Precidia's solution helped us take advantage of the speed and reliability of broadband without having to replace our existing system".

Precidia president Deepak Wanner says this option not only helps merchants extend the functional life of their equipment, but also delivers value added services: "With NetVu, users in the high volume restaurant and hospitality sectors gain access to tools such as online support and detailed event logging. While POSLynx speeds transactions, NetVu is working to deliver critical operational data. Together they deliver a powerful value-add to users of hospitality management systems", said Mr. Wanner.

About Merchant Link, LLC
Merchant Link provides comprehensive and sophisticated solutions to the integrated point-of-sale industry, including high-end technical support and data transport services. Merchant Link currently supports more than 100,000 hotels, restaurants, ballparks, and other venues, and maintains connectivity to the major US credit card processors. Founded in 1993 and headquartered in Silver Spring, MD, Merchant Link will process more than 1 billion transactions in 2005, representing a total of nearly $40 billion in sales. Merchant Link has clients in all 50 states, Antarctica, Canada, Bermuda, South Korea and Japan.

About Precidia Technologies
Precidia Technologies 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 80 countries, Precidia’s unique product line of wired and wireless access devices and NetVu™ network configuration management seamlessly migrates stand-alone dial and serial equipment onto more sophisticated IP networks.