New National Smart Card Parking Standard Gaining Momentum

Beginning early 2006, P.O.M. will begin manufacturing parking meters that incorporate Parcxmart Technologies' turnkey smart card payment platform.

“P.O.M. is excited to partner with Parcxmart Technologies because our city clients are looking for a standardized smart card parking meter payment system built around merchant communities,” said Terry Henderson, P.O.M.'s Marketing Manager. “The Parcxmart payment system is the first that integrates on and off-street parking as well as local merchant purchases, thereby eliminating the need for cities to manage the transactions. Having an interoperable smart card parking payment standard works well for people who drive from city to city and are looking for a convenient way to pay for parking and small dollar transactions, and POM wants position itself to take full advantage of this growing market.”

The Parcxmart card and patent-pending payment solution is America 's first fully-functional parking and local merchant smart card payment system. The Parcxmart™ Card solution offers drivers and consumers a convenient one card alternative to coins and cash for small dollar transactions at on-street and off-street parking locations, as well as for retail purchases at participating merchants across the United States. In addition to P.O.M., Duncan Parking Technologies and Cale Systems are also manufacturing meters that can be integrated with the Parcxmart parking standard. The Parcxmart payment solution is already operational in New Haven, CT, and San Jose, CA.

“We are also excited about our partnership with P.O.M.,” said John Regan, President and CEO of Parcxmart Technologies. “P.O.M. brings much experience in parking meter technology that incorporates the use of cards instead of coins. P.O.M. clearly understands the benefits of offering Parcxmart compliant meters to a parking authority. They have witnessed how operating costs decrease while audit control increases in the Parcxmart network.”

About Parcxmart Technologies, Inc. (www.parcxmart.com)

Parcxmart Technologies Inc., an electronics payment company, has developed a proprietary, stored-value electronic purse, contained on a chip-based smart card that also securely manages loyalty points for customer rewards programs.

About POM Incorporated (www.pom.com)

POM Incorporated is the originator of metered parking and the leader in parking meter innovation. Since 1935, POM parking meters have been made in the USA and installed all over the globe. Our owner, personnel, and distributors are the most experienced parking meter professionals in the world. POM is best known for its dedication to quality and customer satisfaction. POM has received the prestigious "E-Star" award from the President of the United States for Excellence in Exporting.