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Mist Adds Two Members To Its Family

M IST Inc., a global leader in wireless transaction technology, announced two additions to its Freedom family of wireless transaction terminals, the MIST Freedom III and the MIST Freedom SPD. The terminals feature large, backlit screens that allow for value-added functions such as on-screen advertising, e-coupons, e-commerce, e-mail and electronic statements.

The Freedom III terminal is a state-of-the-art design offering the convenience of wireless capabilities over conventional desktop terminals. The Freedom III completely supports debit, credit and Smart Card-enabled transactions.

MIST's Freedom SPD is an EMV- compliant, Smart Card-enabled secure PIN entry device that interfaces MIST's existing terminals as well as PC's and electronic cash registers to fully support credit and debit card transactions. The Freedom SPD has additional security features, including anti-tampering and optional privacy shields to reduce the opportunity for fraud during the data transmission process.

Both the MIST Freedom III and SPD are fully compatible with MIST's new Gateway technology, known as FreedomGate. A multiple-transaction processing facilitator through which wireless transactions are completed, FreedomGate provides users with remote loading of software. In addition, FreedomGate also provides time and attendance, e-commerce and messaging value-added services.

"The pace at which the wireless POS industry is changing lays a significant burden on the engineering departments to develop new software and hardware capable of meeting sophisticated demands," said Charles E. Lee, MIST chief executive officer and president. "The launch of these two new products complete an important deployment objective for the Freedom family in the year 2001."

As a leading provider of wireless transaction-enabling technologies, MIST designs, manufactures and distributes wireless and wired POS solutions. With facilities in Canada, the United States and Japan, MIST's clients include financial institutions and credit and debit card processors as well as retail, hotel, restaurant, health-care and loyalty customers.

For more information on MIST and other products, visit its Web site, www.mistwireless.com.