Parcxmart Technologies Inc. and J.J. MacKay Limited Canada Announce Completion of Parcxmart Card Integration Development

The current plan is for national sales and marketing campaigns to begin after the International Parking Conference and Exposition, "Becoming Greener" ends in Dallas, Texas on June 4, 2008. Both Parcxmart and J.J. MacKay will jointly sell and market under their newly formed partnership. Both companies plan on getting their respective products into market in 2008 via an aggressive sales and marketing campaign in the 3rd and 4th quarters of 2008 targeting tier one and two cities in the U.S. market.

"MacKay is excited to partner with Parcxmart Technologies and offer yet another payment method in our product lineup; our firm is proud of the global recognition gained in the parking industry by continually providing our clients with innovative parking control products. The addition of the Parcxmart payment mode further enhances MacKay's offering as our municipal clients look for new ways to link their parking meter infrastructure to the local business community. Our market segments are dictating that we introduce alternative payment modes to make it more convenient for the parking public to pay for parking. Parcxmart can be looked at as a leader in its respective field," said J.W. (Jim) Taylor, MacKay's Sales and Marketing Manager.

The Parcxmart payment system is the first that integrates on- and off-street parking as well as local merchant purchases, thereby eliminating the need for cities to manage the transactions and sell the cards directly. The acceptance of the Parcxmart Smart cards works well for those who are looking for a convenient method to make payment for their parking and other small dollar transactions. MacKay wants to position itself to take full advantage of this growing payment segment and having Parcxmart as a partner is looked at as yet another added value in MacKay's best of class product lines.

"We are also excited about our evolving partnership with MacKay Meters, Inc.," said John Regan, President and CEO of Parcxmart Technologies. "MacKay brings much experience in parking meter technology that incorporates the use of cards instead of coins. MacKay clearly understands the benefits of offering Parcxmart compliant meters to a parking authority. We look forward to our national rollout in the 3rd and 4th quarters of 2008."

About Parcxmart Technologies, Inc. (www.parcxmart.com)

Founded in 2004, Parcxmart is an electronic payment firm specializing in city card payment solutions with its initial focus on the on- and off- street parking market. Its partners include leaders in secure electronic payment technologies in North America and Europe. Parcxmart offers the only smart card payment program that combines secure transactions, multi-party settlement, and interoperability among participating cities, merchants, and consumers throughout its payment network. Parcxmart's core technology partner for smart card payments is SmartCentric located in Dublin, Ireland.

About J.J. MacKay Canada Limited MacKay Meters, Inc. (www.mackaymeters.com)

J.J. MacKay Canada Limited, MacKay Meters, Inc. is a manufacturer of world class parking control products including Electronic Parking Meter Mechanisms, Meter Management System software, Parking Meter Housings and accessories, Pay and Display, Pay by Space machines, Citation issuance and Parking Ticket Management Software. J.J. MacKay Canada Limited is internationally established; ISO 9001:2000 certified and offers integrated solutions for parking control needs worldwide.