May 5, 2003

Indivos Shareholders Approve Acquisition By Solidus Networks

Indivos Corporation and Solidus Networks Inc. announced approval by Indivos shareholders of the acquisition by Solidus Networks of Indivos, developer of the Pay By Touch biometrics-enabled electronic payment service. The acquisition of Indivos will allow San Francisco-based Solidus Networks to expand a unique suite of electronic financial transaction services that it is offering to merchants.

Pay-by-Touch is the subject of 19 issued patents and 15 pending patent applications and provides a tokenless biometric authentication system that allows consumers to use a fingerprint scanner to make electronic payments at the checkout counter without having to use credit and debit cards, checks, or loyalty cards.

Bob Goldberg, CEO of Indivos, said, "Solidus presented the best opportunity to bring our technologies to market quickly and profitably. That's why both the board and the shareholders have chosen to merge with Solidus over other possible deals."

Brian Miller, Solidus CEO said,. "We are excited to be able to get underway. Indivos and its Pay By Touch system provides Solidus Networks with a unique market advantage in bringing biometric authentication to payment transactions." "Now that this important step in the acquisition is complete, we can move forward to provide a truly unique authentication, payment, and loyalty solution. We have already been in conversations with some very large merchant prospects that love this concept and believe the timing is right. The combination of Solidus' products and alliances and the Indivos patent portfolio is a powerful one. We plan to investigate emerging competitive products to determine whether they infringe on the patents and to vigorously protect our IP."