Logo Industries Corp.
PINK SHEETS : LGDC

October 30, 2007 13:44 ET

Logo Industries Corp. Signs Agreement to Acquire Verified Transaction Corp.

LAS VEGAS, NEVADA--(Marketwire - Oct. 30, 2007) - Logo Industries Corp. (Logo) (PINK SHEETS:LGDC) is pleased to announce that it has entered into an agreement for the acquisition of Verified Transaction Corp. (Verified) by which Verified has agreed to cause no less than 75% of its shares to be tendered. Logo will issue no more than 15,000,000 common shares and 5,300,000 preferred series "B" earn out shares to the existing shareholders of Verified. Subsequent to the acquisition Verified will become a subsidiary of Logo, the name of Logo will be changed to Verified Transactions Inc. or such other name as the board may determine, and a forward split of the share capital of the company will be commenced on a 2 for 1 basis. Post forward split the company will have 61,013,800 common shares and 10,600,000 series "B" preferred earn out shares issued and outstanding.

Verified is a developer and marketer of debit and credit card fraud prevention systems. Credit Card Fraud costs to consumers, merchants and financial institutions are estimated to be more than 300 Billion dollars per year world wide.

About Verified Transactions Corporation

Verified prevents debit and credit card fraud by utilizing its secure and robust service technology that protects banks, card issuers, merchants, internet providers and debit and credit card owners . Any transactions that take place on a Verified enabled debit or credit card has multiple security protections for the owner (and thereby the card issuer and the merchant). Every transaction is routed to that card owner's electronically recognized mobile phone or PDA device of choice for verification. At this point the consumer may accept or reject the transaction, by typing in an enabling password which ensures that it is truly the owner using the card. In addition to preventing card fraud, adoption of the system by card owners would make the card transaction process simple and reliable by eliminating needless security interruptions. System users would no longer have to suffer the frustration of stopped card usage when traveling or deviating from routine activity. Verified believes that universal adoption of its system would virtually eliminate card fraud; presently a financial problem in the hundreds of billions of dollars annually world-wide.

Merchants in high-risk industries like unattended automated fuel pumps or Internet sales, anticipate a certain amount of credit card fraud, and set prices accordingly. According to Forrester Research, the provision of all security and other functionality on a single physical card makes it intrinsically unsafe.

The cell phone, packaged with Verified's software presents the ideal solution. As soon as the merchant enters the sale the Verified system messages the card owner on his mobile phone or PDA device to approve or decline a transaction in real time by entering a pin number or password. This level of protection has never before been available and is compatible with both, merchant Point of Sale and eCommerce based purchase on the World Wide Web. Regardless of transaction origin, Verified technology ensures that the card owner is in control of its credit and cash at all times.

Verified technology provides financial protection for Credit and Debit Card Owners, Merchants and Banking institutions underwriting credit.

For more information about the Verified Transactions Corporation), click on the link - http://www.victoryoverfraud.com and watch the movie.

"Safe Harbor" Statement: Certain statements in this release are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to numerous risks and uncertainties. Actual results may vary significantly from the results expressed or implied in such statements. Factors that could cause actual results to materially differ from forward-looking statements include, but are not limited to, the Company's ability to meet the terms and conditions required to obtain its project financing, risks and delays associated with product development, risk of market acceptance of new products, risk of technology or product obsolescence, competitive risks, reliance on development partners and the need for additional capital.

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