Inteligensa Group, a Latin American manufacturer of intelligent card-based solutions for financial applications, and Innovative Card Technologies, Inc. (NASDAQ:INVC), developers of the ICT DisplayCard for e-banking, e-commerce and data access authentication, today announce that Inteligensa has become a Gold level reseller of the ICT DisplayCard. Effective immediately, Inteligensa will offer the ICT DisplayCard ? the market's most convenient form factor for one-time passcode authentication ? to its 150-200 client financial institutions.

Inteligensa has regional branches in Brazil, Mexico, Colombia and Venezuela, and sells 180 million cards annually, or 35% of all bank cards in Latin America.

?Internet banking transactions and online purchasing must provide the user with full confidence and trust. The InCard DisplayCard is a portable authentication solution that will revolutionize the security in these transactions by assuring the identity of the user,? said Venanzio Cipollitti, President of Grupo Inteligensa. ?Its credit card form factor is very convenient, and the Latin American market will highly appreciate this innovation. InCard's expertise guarantees the quality of these products.? Added Eduardo Cestone, Authentication Product Manager of Inteligensa, ?We are eager to introduce this new product to our clients, and have lined up several banks to run test pilots.?

The ICT DisplayCard integrates the security of a one-time password token directly into a card the size of a standard credit or debit card. At the push of a button on the back of the card, a one-time password is shown on the card's integrated display. During an online transaction, this number is entered into a user interface with other information (such as the user's static PIN and login name) for multifactor authentication. The information is then sent to an authentication server to verify the identity of the user.

?As an influential supplier of smart cards and authentication systems in Latin America, Inteligensa is a welcome link in InCard's partner network,? said John A. Ward, III, InCard Technologies' Chairman and CEO. ?The ICT DisplayCard is an elegant solution to the global problem of online banking fraud, which is especially prevalent in Latin America. We look forward to working with Inteligensa to provide a convenient authentication solution to protect consumer data, and we applaud their adoption of this cutting-edge technology.?

About Inteligensa

The Inteligensa Group is a leader in providing payment systems and authentication solutions to large scale businesses in Latin America. Since 1987, Inteligensa has provided banking, ID and GSM cards; POS systems and smart cards; personalization; and authentication products. Inteligensa has extensive experience with chip personalization in a secure environment, as well as with RFID and NFC solutions. (www.inteligensa.com)

About Innovative Card Technologies

InCard Technologies (NASDAQ:INVC) was founded in 1993 to add functionalities to payment cards. InCard's suite of ICT DisplayCards enables dual-factor authentication in a convenient card form. The cards can be configured to offer RFID physical access or payment capabilities, and feature a screen powered by an integrated battery, circuit and switch. This screen displays a one-time password to verify the presence of the card during online and voice transactions or data systems login. (www.incardtech.com)

This press release contains forward-looking statements which are commonly identified by words such as "would," "may," "will," "expects" and other terms with similar meaning. Forward-looking statements are based on current beliefs, assumptions and expectations, and speak only as of the date of this release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. The material factors and assumptions that could cause actual results to differ materially from current expectations include, without limitation, the following: ICT DisplayCard adoption, ICT DisplayCard further testing and certifications, dependence on a limited number of suppliers and their capacity, and full scale production of the ICT DisplayCard. Innovative Card Technologies, Inc. refers interested persons to its most recent Annual Report on Form 10-KSB and its other SEC filings for a description of additional uncertainties and factors that may affect forward-looking statements. Forward-looking statements are based on information presently available to senior management, and Innovative Card Technologies has not assumed any duty to update any forward-looking statements.