May 29, 2006 16:08 ET

IPICO Inc. Announces 1st Quarter Results

BURLINGTON, ONTARIO--(CCNMatthews - May 29, 2006) - IPICO Inc. (TSX VENTURE:RFD) today announced its financial results for the three months ended March 31, 2006.

Results will be available shortly on SEDAR at www.sedar.com under the trading symbol TSX-V:RFD.

About IPICO, Inc. IPICO is an RFID and global visible commerce supply-chain solution supplier with operations in the USA, South Africa, Europe, Asia and Australia. IPICO produces smart labels and tags based on the IP-X™ communication 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™ middleware platform manages applications in large-scale, distributed systems, while the DIMI™ data and connectivity architecture 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. Beyond explosives materials, these products are used to optimize the management of items, people, animals and processes within the logistic supply chain and other values chains.

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