Emida Acquires Leading Electronic Prepaid Processing Network In Mexico

MIAMI, FL August 24, 2004 – EMIDA Technologies (www.emida.net), a provider of a growing electronic transactional network for prepaid services, money transfer and stored value card processing for the Global Hispanic market, announced it has acquired the assets of Global Payment Services (GPS), a company providing electronic products to Mexican retailers.

As a result, EMIDA now controls Red de Prepago de Mexico S.A. de C.V., a Mexican company distributing electronic services to over 4,500 POS in 43 Mexican cities.

“GPS has developed important relationships in Mexico. The acquisition of GPS’s assets into EMIDA’s expansion efforts allow us to better serve our customer base more effectively” said David Brillembourg, CEO of EMIDA.

As part of the acquisition, Luis F. Triana, GPS’s CEO and President will join EMIDA’s management team as Senior Vice President of Business Development.

“I am glad to be on board and to continue building the necessary relationships to position EMIDA as a leading transactional network provider in the Global Hispanic market”, said Luis F. Triana.

About Emida Technologies
EMIDA Technologies enables electronic prepaid service distribution, money transfer and stored value card processing targeting the Global Hispanic market. The company’s PUNTOflex network, utilizing Emida’s proprietary transactional platform, is being deployed in 15 countries including Mexico, U.S., Dominican Republic, Spain, Guatemala, Peru, Ecuador, El Salvador, Colombia and Aruba.

For more information visit www.emida.net