IPICO confirms option grant to director



    BURLINGTON, ON, Sept. 6 /CNW/ - IPICO Inc. (TSX-V: RFD) ("IPICO") today
announced that the Board has confirmed the grant of 100,000 options to
purchase common shares of the Company to Mr. John Gillies upon becoming a
member of the Board of Directors of IPICO and the chairman of IPICO's audit
committee. The grant is made under the Company's Employee Stock Option Plan
with the exercise price equal to the last closing market price on the date of
the grant and vesting in three equal instalments over three years.

    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-X(TM) 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.

    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: Gordon Westwater, President, IPICO Inc., Tel:
(905) 631-6310, email: gordon.westwater@ipico.com; Ted Irwin, Chief Financial
Officer, IPICO Inc., Tel: (905) 631-6310, email: ted.irwin@ipico.com

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IPICO INC.

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