Leader in Airport Retailing The Paradies Shops Picks ViVOtech Contactless Payment Technologies for All US and Canadian Locations

Makes Speedy and Convenient Payments Available to Over Half-Billion Travelers Annually

NRF Annual Convention 2008

NEW YORK–ViVOtech, the leader in Near Field Communication (NFC) and contactless payment systems, today announced that The Paradies Shops, the nation’s leading airport concessionaire has selected ViVOtech contactless payment terminals for their over 500 retail stores in over 60 airports and hotels across the U.S. and Canada. Using ViVOtech technology, The Paradies Shops will be able to offer the more than half-billion travelers it serves each year quicker payment options and greater convenience in their travel shopping experience. The new ViVOtech units accept both traditional payments such as magnetic stripe transactions and new contactless and NFC mobile phone payments.

“The Paradies Shops was looking for a customer-facing solution that would enable us to support new contactless payment programs as well as the latest emerging technologies like NFC mobile payments. However, we also had to support traditional magnetic stripe payments that are in use by most consumers,” said Lou Bottino, Senior Vice President and Chief Operating Officer, The Paradies Shops. “ViVOtech was not only very responsive to our needs, but delivered a single solution that accepts multiple payment options that fit our needs with minimal impact on our existing POS equipment. We look forward to offering this service to the traveling public later this year.”

The Paradies Shops will accept contactless cards and fobs, in addition to traditional magnetic-stripe payment cards, at all of the check-out counters of its specialized, one-of-a-kind stores and nationally-recognized retail brands. The Paradies Shops’ family of brands includes a wide variety of store concepts from newsstands to specialty gift shops, to exclusive brands as Brooks Brothers, PGA TOUR Shops, CNBC, Brighton Collectibles, and The New York Times bookstores.

“We are very excited to have been selected by Paradies shops to provide their retail stores with the ability to take contactless payments,” said Mohammad Khan, President and Founder, ViVOtech. “This further strengthens our commitment to retailers and their consumers to improve the check out experience. The Paradies’ customer – the traveler on the go – will greatly benefit from the choice, speed and convenience that contactless payments have to offer.”

ViVOtech will be showcasing its contactless and mobile phone payment solutions at the National Retail Federation (NRF) annual convention, January 13-16 in New York City at booth# 306.

About The Paradies Shops

Named Best Airport Retailer for the past 12 consecutive years by Airport Revenue News, the industry’s leading publication, The Paradies Shops was established in 1960. A family-owned business based in Atlanta, The Paradies Shops operates over 500 stores in 64 airports and 3 hotel properties across the United States and Canada. With extensive experience in operating both local and national brands, to include CNBC, PGA TOUR Shops, Brooks Brothers, Brighton Collectibles, Harley-Davidson, and The New York Times Bookstores, The Paradies Shops maintains a substantial presence as one of the largest airport retailers. Additionally, The Paradies Shops operates the retail program for the Georgia Aquarium, the world’s largest aquarium, located in Atlanta. For more information, please visit www.theparadiesshops.com.

About ViVOtech

ViVOtech (www.vivotech.com) is the market leader in near field communication (NFC) mobile payments, promotions and over the air (OTA) provisioning infrastructure software, transaction management software, NFC smart posters, and contactless terminals. These innovative solutions allow millions of consumers to make contactless payments with radio frequency-enabled credit/debit cards, fobs and NFC mobile phones. ViVOtech’s products are used by the most prominent retailers worlwide. With more than 350,000 units deployed in 27 countries, ViVOtech products are used at movie theaters, fast food restaurants (QSR), casual dining establishments, convenience stores, gas stations, drug stores, grocery stores, buses, taxicabs, kiosks and vending machines, enabling a wide variety of businesses to accept contactless/NFC payments and promotions. ViVOtech is privately held and investors include First Data Corporation, Motorola, NCR, Nokia, Alloy Ventures, Draper Fisher Jurvetson, and an undisclosed Fortune 500 company.