PARCXMART Technologies appoints western regional manager

Hampton Falls, NH- October 28, 2004 - Parcxmart Technologies™ Inc., an information technology company specializing in smart card payment solutions for municipal parking operations, today announced the appointment of Keith Saunders to be the Company's Western Region Manager.
parcxmart.jpgSaunders is responsible for managing all of Parcxmart Technologies projects for the Western region of the United States . This includes managing the interface between the Parcxmart™ Card solution, and the local municipalities and merchants who participate in the Parcxmart program.

The Parcxmart™ Card solution is a comprehensive payment platform that uses smart card technology to offer commuters a convenient one card alternative to coins and cash at on-street and off-street parking locations across the country. This payment platform provides a secure and accurate way of generating, collecting, processing and receiving revenues from on-street and off-street parking locations. It is the first turnkey smart card payment platform linked to Electronic Funds Transfer (EFT) networks, retail merchants, and merchant banks on behalf of municipalities and the commuting public.

“We are pleased to have someone of Mr. Saunders' experience managing our growing efforts in the western region of the United States ,” said John Regan, President of Parcxmart Technologies. “His background in smart card technology, business development and project management is ideally suited to introducing Parcxmart to municipalities.”

Prior to joining Parcxmart, Saunders was for five years Vice President for e-Business Development at MasterCard. He also spent thirteen years with NCR Corporation becoming a Senior Systems Architect, focusing on smart cards and security for ATMs and financial systems. He earned a BSC degree from Dundee University and a postgraduate degree in Information Technology from the University of Abertay in Dundee , UK.

About Parxcmart Technologies, Inc.

Founded in 2003, Parcxmart is an information technology company specializing in smart card payment solutions, delivering value to customers with its initial focus on Municipal parking operations. In addition to Duncan , its technology partners include Ingenico and Verifone, the recognized world leaders in secure electronic payment technologies and transaction solutions; Smart Centric Technologies, the leading developers of secure e-Purse and related smart card-based applications; and One Card Solutions, a developer and integrator of smart card solutions for on-line and off-line transaction devices. The Company has agreements with major banks in Europe and North America . These partnerships enable Parcxmart technology to offer a smart card parking program that combines secure transaction management, interoperability among cities and multiple merchants, interoperability with existing payment networks and has the potential for other multi-application exchanges.
Parcxmart Technologies
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