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Technology Stocks : Racom Systems (RCOM) -- Ignore unavailable to you. Want to Upgrade?

To: makeuwonder who wrote (157)	7/21/1998 12:12:00 PM
From: Gutterball	Read Replies (2) \| Respond to of 468

Racom Systems & Access Control Technologies Form Business Alliance DENVER--(BUSINESS WIRE)--July 21, 1998--Racom Systems Inc. (Nasdaq:RCOM - news), a developer of contactless smart card solutions and Access Control Technologies Inc. (ACT), a designer of cashless payment and access control solutions, Tuesday announced that they have formed a business alliance to co-develop electronic payment and access control solutions based on Racom's contactless smart card systems. The companies further plan to jointly market turnkey, multi-application smart card solutions to the $38 billion security and the $360 billion retail transaction markets with specific focus on access control, parking and cashless vending applications used at university campuses, transportation facilities, office complexes, entertainment venues and more. ''ACT's vision and ability to design advanced debit card systems compliments our strategy to bridge physical and logical access applications by offering contactless and dual-interface smart card solutions,'' says John Hinds, Racom chairman and acting CEO. ''Having worked with ACT on several projects, we are pleased to advance our commitment to provide full service, turn-key solutions to our respective customers.'' ''Racom's product solutions are the only contactless alternatives to meet and exceed our rigorous testing standards,'' said Lyn Barth, president, ACT. ''We are delighted to have formed this alliance with the leading manufacturer of contactless smart card solutions.'' Racom Systems, with headquarters in Denver, develops and markets smart card-based systems that automate transactions for electronic commerce, information technology, physical and logical access control and industrial automation. Racom solutions provide secure, convenient and personalized access to money, information, property, and services. For further information about Racom, its technology and products, contact Racom at its Web address, racom.com, by telephone at 303/771-2077, or by fax at 303/771-4708. Access Control Technologies Inc., with headquarters in St. Louis, is a recognized market leader in the delivery of reliable, secure and flexible cashless payment and access control systems using advanced data encryption, data management and data processing technologies. For further information about ACT, its products and technology, contact ACT at its Web address, pcash.com, by telephone at 314/872-7772 or by fax at 314/872-3353. Investors should carefully consider the preceding information as well as other information contained in this press release before making an investment in the Common Stock. Information contained in this press release contains ''forward-looking statements'' which can be identified by the use of forward-looking terminology such as ''believes,'' ''expects,'' ''may,'' ''should'' or ''anticipates'' or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy. No assurance can be given that the future results covered by the forward-looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future results covered in such forward-looking statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements. ------------------------------------------------------------------------ Contact: Racom Systems Inc. Michele Carpino, 303/771-2077 Fax: 303/771-4708