New Board Will Develop Programs to Grow North American Market

Princeton Junction, NJ, May 12, 2000–The Smart Card Industry Association (SCIA) today announced that three industry leaders have been elected to serve three-year terms on SCIA’s ten member Board of Directors. The newly-elected board members include;

• Paul Beverly, Vice President North America, for Schlumberger Smart Cards & Terminals,
• Jim Lout, President and Chief Operating Officer of Yes I.C. Smart Cards Inc., and
• Mike Weekes, Solution Manager for IBM Global Services’ e-Business and Smart Card National Practice.

SCIA also announced the appointment of new board officers. Paul Beverly replaces Charles Cagliostro as Board Chairman; Gilles Lisimaque replaces Peter Quadagno as Vice Chairman; Mike Weekes of IBM was appointed Board Secretary. Ben Miller of CardTech/SecurTech, Inc. was re-appointed Board Treasurer.

“The North American smart card market nearly doubled in 1999, growing approximately four times faster than the global market,” said the new SCIA chairman, Paul Beverly. “Industry trends point to continuing this high level of growth; and I encourage other smart card technology providers to work closely with SCIA to implement programs to accelerate the adoption of smart card technology in North America.”

The Smart Card Industry Association is a global trade association representing the needs of smart card technology manufacturers. For more information, call the SCIA office at 1-800-848-SCIA or visit its web-site at http://www.scia.org.