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WAY Systems Bolsters Management Team
[April 20, 2006]

WAY Systems Bolsters Management Team


, LAS VEGAS, April 20 /PRNewswire/ -- ELECTRONIC TRANSACTIONS ASSOCIATION -- It was announced today by Will GrayLin, Chairman, President and CEO of WAY Systems, Inc., of Woburn, Massachusetts, that a number of industry veterans have recently joined the innovative wireless solutions provider. Among those who have joined the firm is Lance Nakamura as Chief Technology Officer. Nakamura comes to WAY after a distinguished 22-year career at VeriFone, Inc. GrayLin also announced that George Devitt, formerly Vice President of Marketing at VeriFone, Inc., and Senior Vice President and Chief Marketing Officer at Hypercom Corporation has joined the firm as Chief Marketing Officer. In addition, GrayLin also announced that Stu Fullerton has joined the firm as Vice President of North American Sales.


Fullerton joins the firm with over twenty-five years of experience in the payments field and comes to WAY Systems from ClearCommerce, a firm that is a leading provider of e-commerce fraud prevention solutions.
According to GrayLin, "As WAY Systems continues to gain rapid acceptance with acquirers, we continue to expand our organization on all fronts. We continue to invest significantly in Research and Development, sales and marketing, and it is a natural evolution for us to continue our investment in our leadership team. I am delighted to welcome Lance, George and Stu to WAY and look forward to their contributions to our company's continued success in achieving rapid market adoption of the WAY Mobile Transaction Terminal and the WAY Mobile Transaction Server. The combination of these technologies provides a level of capabilities for merchants, which is unparalleled in our industry and which our channel partners have indicated provides them with a significant competitive advantage."
About WAY System, Inc.
WAY Systems is a leading global service provider of mobile phone based Point of Sale solutions designed for millions of unwired merchants worldwide. WAY Systems has gained recognition for its award-winning end-to-end payment solution for acquirers, payment processors and POS resellers that work out-of-the-box, virtually anywhere. WAY Systems licenses Accessor(TM) -- a patented terminal technology application from Fractal Commerce Inc.
Contact: George Devitt
Phone: +1.407.622.4400
WAY System, Inc.

CONTACT: George Devitt of WAY System, Inc., +1-407-622-4400


Web site: http://www.waysystems.com/

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