WILMINGTON, Del.–(BUSINESS WIRE)–March 25, 2002–With over 100 million driver licenses and 10 million student IDs in North America with Magnetic stripe technology, the CardTool(TM) Magnetic Card Reader is gaining rapid acceptance in Age and ID Verification applications

The combination of the Palm OS powered Handspring(TM) Visor(TM) PDA and the CardTool reader provides a cost effective, versatile solution for law enforcement, store clerks and university administrators who check ID’s in the normal course of business. Police officers can rapidly capture driver license information and scan for counterfeit licenses.

Bars and Nightclubs can verify the age of their patrons at the profiting from CardTool’s portability and pocket size design. University administrators can quickly look-up a student’s status by swiping their ID card and record attendance or confirm meal plan participation.

“The popularity of PDAs, combined with the expansion possibilities of the Palm OS powered Handspring Visor handheld, allowed TokenWorks to create a mobile magnetic card swipe terminal at a very attractive price,” said Charles Cagliostro, TokenWorks President and CEO. “This product allows our customers to provide new and innovative applications which leverage millions of magnetic stripes on student IDs, drivers licenses, medical insurance, payment, loyalty, and trade show cards.”

Product Information

The CardTool reader ships with a 3-Track magnetic card reader, 2MB of flash memory and a sample card reader application. The CardTool reader’s flash memory won’t lose its programming even in the event of total power loss to the Handspring Visor. A Software Developers Kit (SDK) is also available for those who want to develop their own Palm OS applications.

CardTool is available on the TokenWorks web site, www.TokenWorks.com

About TokenWorks(TM) Inc.

TokenWorks’ founders leveraged a decade of smart card development and integration experience to design and develop this valuable new product. The founders also actively participate in a number of industry events and associations.

CardTool and TokenWorks are trademarks of TokenWorks Inc. Handspring and Visor are trademarks of Handspring, Inc.

www.tokenworks.com/products/products.htm

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