SOURCE: SafePay Solutions Inc

September 20, 2006 09:30 ET

SafePay Solutions Inc. Issues a Retraction

RENO, NV -- (MARKET WIRE) -- September 20, 2006 -- SafePay Solutions Inc. (PINKSHEETS: SFPS) is issuing this retraction effective immediately:

A press release was mistakenly issued September 7, 2006 announcing details regarding the company's branded prepaid and pin debit cards. The above-referenced release was not authorized for publication by SafePay Solutions Inc. or anyone affiliated with the company.

The officials at SafePay Solutions regret any inconvenience caused by this unauthorized release.

NOTE: Safe Harbor for Forward-Looking Statements.

This press release contains forward-looking statements within the meaning of the The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, the ability of the Company to complete the planned bridge financing, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.

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