IPICO Inc. Announces December 31, 2006 Year End Results

    BURLINGTON, ON, March 7 /CNW/ - IPICO Inc. (TSX-V:RFD) has announced
today its financial results for the year ended December 31, 2006.
    Results can be found on SEDAR at www.sedar.com under the trading symbol

    ABOUT IPICO INC.: IPICO is an RFID solution supplier with operations in
Canada, USA, France, South Africa, China and Australia. IPICO produces smart
labels and tags based on the IP-X(TM) air protocol. IPICO's low interference
readers comply with regulatory requirements in major geographical regions, and
allow for multi-reader rollout in close proximity. The IPICO DIMI(TM)
middleware platform manages applications in large-scale, distributed systems,
and allows for effective device management, data switching and data security.
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 values chains. For
further information, go to www.ipico.com

    Cautionary Statements:

    The TSX Venture Exchange has in no way has neither approved nor
    disapproved the contents of this press release.

    %SEDAR: 00023515E

For further information:

For further information: Stephanie Ratza, CA, Chief Financial Officer,
IPICO Inc., (905) 631-6310 ext 362, stephanie.ratza@ipico.com

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