Get Sports Game Tickets via Cell Phone

Veritec, Inc., Launches Tickets via Cell Phone

Saint Paul Saints Baseball Club, St. Paul, Minn., is the first organization to use Veritec's new cell phone-based technology

August 16, 2007 - MINNEAPOLIS--(BUSINESS WIRE)--Van Tran, CEO of Minneapolis-based Veritec, Inc., (OTCBB:VRTC), today announced Veritec's launch of a revolutionary new products named PhoneCodes© that allow consumers to buy and receive tickets, as well as gift(s), or customer-loyalty rewards via an electronic media using Veritec's 2-D barcode technology. The Saint Paul (MN) Saints baseball club and their ticket processing company, Glitner Corporation (NY), in conjunction with Veritec, Inc., has become the first organization to employ the new technology. Veritec's new TicketCode© (a 2-dimensional bar code) allows cell phone owners to purchase an event ticket and have the ticket (TicketCode©) sent to their cell phone. The day of the event the gate attendant will scan the TicketCode© from the cell phone, validate its authenticity and admit the patron once validated. Said Ms. Tran, "We are honored that the Saint Paul Saints Baseball Club had the enthusiasm and foresight to become the first organization to adopt our new technology, which will not only save an organization the paper and printing costs of a physical ticket, but the TicketCode© is also environmentally friendly. In addition, consumers will never have to fear losing their ticket, since the ticket is stored in their cell phone," Ms. Tran continued. "There are very few things we don't allow into Midway Stadium," said Saints President Mike Veeck. "The wave and neckties come to mind. No tickets? This is a very cool technology and will revolutionize how we do business." Veeck continued.

To name only a few of it's many other uses, the Veritec's 2-D Barcode, PhoneCodes©, not only work for the distribution of tickets (TicketCode©) but can be used to send gift certificates, GiftCode©, for birthday, anniversary, graduation, or whatever else, as well as coupons, CouponCode©, for customer loyalty rewards such as two-meals-for-the-price-of-one at restaurants, discounts on purchases exceeding a certain dollar value at retail stores, and as a receipt when purchasing products over the Internet, a ReceiptCode© can be sent to the customer's cell phone as proof of purchase.

Ms. Tran concluded, "We believe Veritec's new PhoneCodes© plus an individual's imagination can now take marketing campaigns to a whole new level."

About Veritec, Inc.

Founded in 1982, Veritec offers a patented line of microprocessor-based encoding and decoding system products that utilize Matrix SymbologyT or 2-Dimensional Barcode technology owned by Veritec's wholly-owned subsidiary, VCode Holdings, Inc.

Veritec's encoding and decoding systems allow users to create and apply unique identifiers to the products in the form of a coded symbol which enable automated manufacturing control, as well as identification, tracking and collection of data through camera, readers and scanners also marketed by Veritec. The collected data is then stored in the 2-D barcode available for contemporaneous verification or their user-definable purposes.

Recently, Veritec is making its presence known in banking markets by introducing its new "V$C" Visa Debit Card as well as a Bio-ID card using the VSCode®, with robustness, security features, and data storage capacity up to 4,000 bytes, stores the owner's fingerprint minutiae along with other critical personal information that positively identify the card holder. The VSCode® with capacity to store fingerprint information is a great tool to enhance card security such as driver license, passport, tribal ID, student ID, visitor ID, guess worker ID, and more. Please visit Veritec's website at www.veritecinc.com to learn more about Veritec technology.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties affecting technology companies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Our SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason unless otherwise required to do so by SEC Regulations.

Contacts

Veritec, Inc.
Barry ZeVan, 763-253-2670
VP - Public Relations