Pay Linx Announces Grant of Options



    EDMONTON, July 11 /CNW/ - Pay Linx Financial Corporation ("Pay Linx" or
the "Company") (TSX-V: PIN), provider of services and infrastructure enabling
the replacement of cash and cheque payments with electronic payment cards,
today announced that it has granted 280,173 options to Directors of the
Corporation. Each option entitles the holder to acquire one common share of
the Corporation at an exercise price of $0.25, with all options vesting
immediately and expiring 5 years from the date of grant. The options have been
granted in lieu of cash compensation to reflect the time, efforts and valuable
counsel provided by the Directors as members of the Board, Audit and
Compensation committees in the current quarter.

    About Pay Linx

    Pay Linx Financial Corporation (TSX-V: PIN) delivers affordable,
accessible and contemporary payment processing services that integrate
seamlessly into the Interac and MasterCard financial networks in North
America. Pay Linx, which is 25% owned by Royal Bank of Canada ("RBC"),
provides services to RBC for Canadian governments through QuickLinx(TM)
replacing cheque and voucher payments. Pay Linx, through Bank West, a Canadian
financial institution, and Palm Desert National Bank, a United States
financial institution, also delivers new and innovative financial payment
solutions for corporations to better serve their customers. Pay Linx services
support governments and corporations to replace cash and cheque payments based
on services and infrastructure provided by Pay Linx. Pay Linx instant issuing
services allow corporations to issue and fund a Pre-Paid Interac or MasterCard
in real time allowing the beneficiary to select their own PIN number using a
Pay Linx PIN and Card Activation terminal. This allows the beneficiary to have
instant access to funds that can be reloaded by the corporation.

    Forward-Looking Statements

    The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release. Certain statements contained herein may
constitute forward-looking statements. These statements relate to future
events or our future performance. All statements other than Statements of
historical fact may be forward-looking statements. Forward looking statements
are often, but not always, identified by the use of words such as "seek",
"anticipate", "plan", "continue", "estimate", "expect", "may", "will",
"project", "predict", "potential", "targeting", "intend", "could", "might",
"should", "believe" and similar expressions. These statements involve known
and unknown risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in such
forward-looking statements. We believe that the expectations reflected in the
forward-looking statements are reasonable based upon management's current
views but no assurance can be given that these expectations will prove to be
correct and such forward-looking statements should not be unduly relied upon.
No assurance can be given that actual results, performance or achievement
expressed in, or implied by these forward-looking statements will occur, or if
they do, that any benefits may be derived from them. Past results have been
applied in drawing a conclusion or making a forecast or projection set out in
the forward-looking information.

    The TSX Venture Exchange Inc. has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release





For further information:

For further information: Ian McNeill, President and CEO, Pay Linx
Financial Corporation, Tel: (780) 702-4710, Email: Ian.Mcneill@PayLinx.ca,
www.paylinx.ca; Marshall Rosichuk, CMA, CFO, Pay Linx Financial Corporation,
Tel: (780) 702-4702, Email: Marshall.Rosichuk@PayLinx.ca, www.paylinx.ca

Organization Profile

PAY LINX FINANCIAL CORPORATION

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