Ottawa, Canada, February 9, 2010 - Precidia Technologies Inc., a global leader in the design and manufacture of Internet Protocol (IP) payment and networking products, announced today it has provided the TransNet payment engine solution to Tabe Foods, San Diego's premier mobile cuisine. Tabe Foods operates a fleet of mobile catering trucks. The solution was recommended and implemented by Red River POS, an authorized Casio dealer and provider of hardware and software POS solutions. This solution allowed Tabe Foods to fully integrate fast credit, debit, gift and loyalty payments with a Casio POS system, with transactions processed over a wireless network. Serving a busy lunch hour clientele in multiple locations, Tabe Foods required a fast, wireless payment solution for its mobile catering vehicles.

Ideal for the restaurant and foodservice industry, the TransNet solution features 3 elements: the TransNet software, the POSLynx220 payment router, and the NetVu/MerchantVu management server. Working together, these elements deliver fast, secure and managed payment processing to any certified processor. The POSLynx220 is a secure multiport router that acts as a fortress for cardholder data, with firewalling and encryption. It also offers automatic dial back-up and routing to multiple processors. The NetVu management server, and its derivative, MerchantVu, deliver a suite of monitoring, management and reporting features. These features include remote deployment, theft and network alerts, transaction logs and archives and customized reports.

Tabe Foods required a solution that would allow them to accept payments at various locations from their catering vehicles. Using the POSLynx220 to power a wireless modem and integrate a Casio system, Tabe Foods was able to achieve fully integrated wireless payment processing: "This solution gave us a simple, cost effective path to processing all payment types", said Sunny Kwon, President of Tabe Foods. "Working with Red River POS, we were able to integrate payments easily, and we now have access to all of our transaction data, including cash transactions. This solution performs reliably and has many features that appeal to foodservice operators".

Red River POS has a reputation for innovative customized POS solutions for restaurants, hospitality and foodservice. Linus Nghi Le, principal consultant for Red River POS believes TransNet is a superior payment solution: "TransNet offers several benefits and features that are not available with other integrated payment solutions, including the NetVu and MerchantVu management tools", said Mr. Le. "This fast, mobile solution is cost effective, flexible and easy to support. Coupled with the solution's real time reporting of sales, these features make TransNet a winning choice for our customers".

TransNet is used in a variety of retail payment applications, and integrates easily with ECRs, POS Systems, IP/Dial payment terminals, POS applications and e-commerce websites. For more information on Precidia's Payment solutions, visit www.precidia.com/payments.

About Red River POS
Red River POS (San Diego, CA) is a full service company that provides customized service and support to fit individual business needs. The company helps customers invest wisely in a POS system to increase productivity and profitability. With a focus on point of sale systems designed for use in restaurants, fast food and delivery operations, hotels and retail businesses, Red River POS dedicates itself to providing the best possible products, service and support. Highly trained technicians and sales people have extensive restaurant and retail backgrounds and provide the most comprehensive level of service available. For more information call 1-888-868-1040 or go to http://www.RedRiverPOS.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