IPICO appoints IPICO Africa to expand RFID opportunities in Sub-Sahara Africa



    BURLINGTON, ON, Sept. 5 /CNW/ - IPICO Inc. (TSX-V: RFD) ("IPICO") is
pleased to announce that it has appointed the newly established IPICO Africa
as its exclusive representative for Sub-Saharan Africa. As fully compliant
with current legislative requirements of BBBEE (broad-based black economic
empowerment) entities, IPICO Africa will be in an ideal situation to compete
for a number of upcoming government related Radio Frequency Identification
(RFID) projects in South Africa and neighbouring states. The primary
opportunities targeted by IPICO Africa are in the transportation industry,
against the background of commitments from the South African National and
Provincial Governments to initiate the implementation of RFID roll-outs.
    South Africa's leading Information and Communications Technology Group,
Sahara Holdings (Pty) Ltd and Oakbay Investments (Pty) Ltd, a broad based
investment Company, have concluded an investment of R15 million (US$2 million)
in IPICO Africa which will allow IPICO Africa to launch itself into the
African RFID market. The strong local positioning of Sahara and Oakbay will be
combined with the solid experience of IPICO Africa in the local transportation
sector and the resulting excellent relations with national and local
governmental agencies responsible for transportation. The establishment of
IPICO Africa has been planned to coincide with the expected launch of a number
of nation-wide implementations of RFID technology.
    "Our formula for success is based on a number of fundamental strengths",
remarked Sekhopi Malebo, CEO of IPICO Africa. "We will combine the strategic
position of our stakeholders on the African continent and the experience of
our management team in the public and private sectors in the South African
markets with the world-class RFID technology of IPICO."
    The markets of IPICO Africa will extend beyond the African continent, as
it will also play an active role in the development of opportunities for the
IPICO product range in countries like India. Malebo also commented that "IPICO
Africa will work closely with IPICO Inc. to actively build on the good
relations that exist between the governments of South Africa and India. This
will assist us to develop new applications for RFID in the burgeoning Indian
economy, again mostly focusing on the transportation sector."

    ABOUT IPICO Inc.

    IPICO Inc. is an RFID solution supplier with operations in the USA, South
Africa, Europe, Asia and Australia. IPICO produces smart labels and tags based
on the IP-XTM communication protocol. IPICO's low interference readers are
designed to meet regulatory requirements in many major markets, and allow for
multi-reader rollout in close proximity. IPICO's low cost RFID products excel
at long read range, fast multi-read anti-collision and high thru-beam
read-speeds of dynamic tag populations. These products are used to optimize
the management of items, people, animals and processes within the logistic
supply chain and other value chains. For further information, go to
www.ipico.com.

    This news release contains certain forward-looking statements pertaining
to future anticipated projected plans, performance and developments, as well
as other statements relating to future operations and results, including,
without limitation, statements as to sales forecasts and required minimum
future revenues. Any statements in this news release that are not statements
of historical fact may be considered to be forward-looking statements. Written
words such as may, will, expect, believe, anticipate, estimate, intends, goal,
objective, seek, attempt, suggest or variations of these or similar words,
identify forward-looking statements. These statements by their nature are
estimates of future results only. Actual results could differ materially from
those contained in the forward-looking statements and are based on current
expectations that involve substantial risks and uncertainties, including but
not limited to the failure to meet market growth, order volume, delivery
commitment or minimum revenue expectations, political intervention, and those
other risks and uncertainties detailed from time to time in IPICO's periodic
reports filed on SEDAR (www.sedar.com).

    THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
    OR THE ACCURACY OF THIS RELEASE.

    %SEDAR: 00023515E




For further information:

For further information: Sekhopi Malebo, CEO, IPICO Africa, Tel. +27 83
388 0800, email: sekhopi.malebo@ipico.com; Luther Erasmus, COO, IPICO Inc.,
Tel: +27 12 345 9520, email: luther.erasmus@ipico.com

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