Contact:

Kevin Kent

Swecoin US, Inc

(401) 848-2000

sales@swecoinus.com

SWECOIN NOW ACTIVE IN LATIN AND SOUTH AMERICA

Leading Printer Manufacturer Expands Sales Efforts throughout Western Hemisphere

MIDDLETOWN, RI -- September 30, 2003 – Swecoin US Inc., the world’s leading designer of small footprint, highly reliable thermal kiosk printer solutions, announced that the company is expanding its printer sales and service into Latin and South America. This development serves to firmly establish Swecoin as the leading provider of direct thermal printers for unattended applications in the Western Hemisphere.

“We are thrilled to add Latin and South America to our geographical area of responsibility. This region is ripe with opportunity and we have already made significant inroads with major corporations,” said Jon Poignant, President, Swecoin US Inc. “We are very excited about expanding our reach into this fast-growing market and believe it will only serve to increase our leadership position in the direct thermal printer industry.”

Swecoin offers a complete family of thermal kiosk printers, ranging from 58mm-wide to letter-size. Swecoin printers are widely known for their small footprint, reliability and durable, modular design. Swecoin thermal kiosk printers are used in all manner of unattended applications, including receipt printing, coupons, HR applications, and general Internet/web site access. In addition to kiosk printers, Swecoin also manufactures several ticket printers, one of which prints while simultaneously encoding a magnetic stripe on the reverse side of the card. Swecoin ticket printers are commonly used in transportation, parking and access control applications. With more than 150,000 installations worldwide, Swecoin printers are generally considered the best thermal printers for unattended applications available on the market today.

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With world headquarters in Stockholm, Sweden, Swecoin AB manufactures, markets, and distributes high quality open frame direct thermal printers for unattended use throughout the world. Swecoin US, located in Middletown, RI, operates exclusively in North and South America. Swecoin was founded in 1983 and is privately held. For more information, please visit www.swecoinus.com.