About VeriFone

VeriFone Transportation Systems, Inc. is a joint venture corporation operated by VeriFone Holdings, Inc., and TAXiTRONiC, Inc.

Formed to leverage the synergies between each organizations' wireless payment acceptance and fleet management systems, VTS solutions currently support mobile payment and fleet management operations for transportation organizations worldwide.

VeriFone Transportation Systems provides the next generation in mobile payment and transportation automation solutions. VTS solutions deliver wireless payment, navigation, dispatch, text messaging, and real-time information to the transit, vehicle for hire, dispatch, and cargo transportation industries.

About TAXiTRONiC, Inc.

TAXiTRONiC™ has been servicing the needs of the NYC Taxi Industry for eight years. Its staff has over 20 years of experience in taxicab fleet management. TAXiTRONiC also provides taximeter manufacturing, equipment accessibility, and driver safety equipment for the Vehicle for Hire industry. Leading products and technologies produced by TAXiTRONiC™ include computerized meters and state-of-the-art fleet management systems, including GPS based automated vehicle location systems; computer aided dispatch systems; and credit card acceptance solutions.

The Taxitronic™ Difference

Taxitronic™ is different from any other company supplying the taxi industry. As the only company that offers a fully integrated line of meters, printers, credit card processing systems, and state-of-the-art dispatch systems, TaxiTronic can accommodate the needs and budgets of the 2 cab fleet as easily as that of the 2,000 cab fleet. All TaxiTronic equipment and applications are top of the line, with the most advanced programming and functionality available.

About VeriFone Holdings, Inc.

VeriFone Holdings, Inc. (“VeriFone”) (NYSE: PAY), a global leader in secure electronic payment technologies, provides expertise, solutions and services for today with a migration strategy for tomorrow. VeriFone delivers solutions that add value to the point of sale, resulting in improved merchant retention and the generation of new sources of revenue for its partners and customers. VeriFone solutions are specifically designed to meet the needs of vertical markets including financial, retail, petroleum, government and healthcare.