Ottawa, Canada, September 9th, 2008 - Precidia Technologies Inc., a global leader in the design and manufacture of Internet Protocol (IP) payment and networking products, announced today an agreement with OMEGA Processing Solutions, a leading provider of payment processing services. OMEGA will now offer Precidia's TransNet™ integrated payment solution for electronic cash registers (ECRs). TransNet's secure router-based design takes a unique approach to integrated payments, routing to any processor, without additional fees. TransNet is a payment application, which is easily downloaded into a payment router and connected to an existing POS device or PC.

Certified with major processors and ECR manufacturers such as Sharp, TransNet has gained the attention of Independent Sales Organizations (ISOs) like OMEGA, as a new, more flexible integrated payments solution. TransNet puts greater control in the hands of merchants and ISOs with features such as no cost routing to multiple processors, including gift and loyalty. In addition, the solution's management tools decrease support costs and simplify store-level tasks like settlement. TransNet can operate with any POS device, from ECRs to payment terminals and PCs.

With ISOs facing cardholder data security mandates, TransNet offers peace of mind. By housing the TransNet payment application on a secure, firewalled payment router, cardholder data is shielded from attack more effectively. TransNet's PABP (Payment Application Best Practices) validated design also helps merchants meet their cardholder data security requirements, with PCI compliant default settings that cannot be changed by the merchant. OMEGA has introduced TransNet to grocery stores using Sharp cash registers, allowing them to route transactions to processors such as Chase Paymentech and Global Payments.

"In TransNet, we have found a flexible, easily managed and cost effective integrated payment solution for our customers," said Todd McHugh, President of OMEGA Processing Solutions. "The ability to work with multiple processors results in better rates for merchants. In addition, TransNet's merchant-driven design helps maintain PCI compliance, integrate peripherals and manage transactions. The value-added management features complete the offering, simplifying 24/7 support of the merchant."

"OMEGA is an ideal partner for Precidia," said Precidia President Deepak Wanner. "Merchants want to work with partners who understand payments, and ISOs are in the best position to offer this expertise. TransNet's management features enhance the ISO's offering to merchants, with network and diagnostics data. To merchants, the ISO can deliver a customized dashboard with store level data on settlement and transactions, improving their operational efficiency," said Mr. Wanner.

To learn more about Precidia's payment solutions, visit www.precidia.com/payments

About OMEGA Processing Solutions
OMEGA Processing Solutions is a full-service electronic payments company providing credit/debit card processing; gift card issuing and processing; check guarantee, free bad check recovery and receivables financing to help businesses with cash flow. OMEGA offers a complete line of point of sale cash register systems sold and serviced by OMEGA employees. OMEGA services a wide variety of industries including retailers, restaurants, and other B2B service establishments across the United States. For more information, visit OMEGA on the Web at http://www.omegap.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