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Technology Stocks : IVI Checkmate (CMIV) -- Ignore unavailable to you. Want to Upgrade?

To: Ian Murray who wrote (2808)	10/6/1999 10:17:00 AM
From: Toni Wheeler	Read Replies (1) \| Respond to of 3721

Chalk up ANOTHER contract win!! : <<<IVI Checkmate Announces $4 Million Order From Service Merchandise ATLANTA/TORONTO--(BUSINESS WIRE)--Oct. 6, 1999-- Service Merchandise to install CIVI Checkmate check readers and portable touch screen payment DtTerminals chain-wide IVI Checkmate Corp. (NASDAQ: CMIV); (TSE: IVC/IVI) today announced a $4 million order from Service Merchandise (NYSE:SME) of Nashville, Tennessee, for eN-Check"! 431 check readers and eN-Touch"! 1000 portable customer-interactive debit/credit terminals. for $6 Million. Chain-wide implementation began in August and will be completed at the end of this month. Service Merchandise is replacing its current installed base of electronic signature capture pads with IVI Checkmate's eN-Touch 1000 portable interactive touch screen and signature capture terminal. The retailer will also install the IVI Checkmate eN-Check 431 in all stores. The eN-Check 431 is the most widely installed check reader on the market, providing accurate MICR reading that reduces check fraud. Greg Lewis, President and CEO of IVI Checkmate's U.S. operations stated, "The eN-Touch 1000's portability will enable Service Merchandise sales associates to accept consumer payment at the point of influence versus at the POS terminal." Lewis added, "In addition to capturing the signature during a credit transaction, Service Merchandise customers will be able to use the eN-Touch 1000 to pay with online debit." Founded in Nashville, Tenn., in 1960 by the Zimmerman family, the Fortune 500 company now operates 223 Service Merchandise stores in 32 states. Service Merchandise is a publicly traded company listed on the New York Stock Exchange under the symbol SME. Headquartered in the Nashville suburb of Brentwood, Service Merchandise employs approximately 15,000 associates across the country. A jewelry manufacturing and distribution center is located in New York City. Distribution of general merchandise is handled through three strategically located distribution centers in Nashville, Tennessee; Orlando, Florida; and Montgomery, New York. For more information on Service Merchandise, visit its web site at www.servicemerchandise.com. IVI Checkmate is the third largest electronic transaction solutions provider in North America. The Company designs, develops, and markets innovative payment and value-added solutions that optimize transaction management at the point-of-service in the retail, financial, travel & entertainment, healthcare, and transportation industries. IVI Checkmate's software, hardware, and professional services minimize transaction costs, reduce operational complexity, and improve profitability for its customers in the U.S., Canada and Latin America. For more information on IVI Checkmate, visit its web site at <http://www.ivicheckmate.com>. NOTE TO EDITORS: This press release contains forward-looking statements subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. Management cautions that these statements represent projections and estimates of future performance and involve certain risks and uncertainties. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors including, without limitation, rapid and significant technological developments that could delay the introduction of improvements in existing products or of new products; the Company's dependence on its limited suppliers and manufacturers of component parts of its products; the Company's dependence on its proprietary technologies (which may be independently developed by competitors); the Company's dependence on a small number of large retail customers; the potential fluctuation in financial results as a result of the Company's inability to make sales to large customers as well as the volume and timing of bookings received during a quarter and variations in sales mix; competition from existing companies as well as new market entrants; the Company's dependence on key personnel; and other factors that are contained in documents that the Company files with the U.S. Securities and Exchange Commission. CONTACT: IVI Checkmate Corp. L. Barry Thomson, 770/594-6000 416/245-6700 or John J. Neubert, 770/594-6000 KEYWORD: GEORGIA BW1043 OCT 06,1999 4:13 PACIFIC 7:13 EASTERN>>>