SOURCE: ActiveCore Technolgies, Inc.

November 13, 2006 08:30 ET

ActiveCore/GSPS Sign Heads of Agreement With E-COIN Limited to Launch Its ePocket Technology in On-Line Gaming Market

TORONTO -- (MARKET WIRE) -- November 13, 2006 -- ActiveCore Technologies, Inc. (OTCBB: ATVE), a Company that operates as a payment technology solution provider, is pleased to announce that GSPS has signed a Heads of Agreement with E-COIN Limited (E-COIN), a private UK- and Spanish-based gaming group. The Heads of Agreement was signed on October 31, 2006, and lays out the terms under which the companies plan to enter into a formal "Acquiring and Processing Operations Agreement" for the on-line gaming industry. E-COIN will use the revolutionary digital coin technology developed by GSPS/ePOCKET to offer a safe, secure, anonymous and cost effective payment technology for on-line gamblers. With the signing of this agreement, ActiveCore/GSPS have taken the first major step in the commercialization of their revolutionary digital coin technology.

Peter Hamilton, Chief Executive Officer of ActiveCore, stated, "GSPS has been working on this transaction for several months and it is a great deal for both organizations." Mr. Hamilton went on to say that "the agreement with E-COIN is a very significant one as it has several parts to it that include an advanced royalty payment, an implementation services contract and most importantly, an ongoing perpetual royalty stream earned from transactions processed under the Acquiring and Processing Operations Agreement."

Neil Fishenden, Chief Executive Officer of GSPS, stated, "We are very excited to have acquired E-COIN as a customer and look forward to working with them to launch the ePocket digital coin technology in the on-line gaming market." Mr. Fishenden went on to say that "we have already begun to assemble a team dedicated to the rapid implementation of our product over the next several months to ensure that both E-COIN and ActiveCore/GSPS achieve significant revenue generation in the shortest possible time."

Mr. John Clarke, Founding Director of E-COIN, stated, "We have been searching for a new payment technology that would give us a unique offering for on-line gamblers, and the ePocket digital coin technology is exactly what we looking for. It was designed to work with the Internet from day one, and it is safe, secure, cost effective and non identity based. We believe these attributes will make it the payment method of choice for anyone who is concerned about anonymity or identity theft and fraud, which are serious and increasing problems with older payment methods." This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit ActiveCore IR Hub located at

About ActiveCore Technologies, Inc. (

ActiveCore Technologies, Inc., operates as payment technology solution provider, primarily in the on-line payment market. Our products encompass a variety of payment technologies as well as our own integration tool kit and direct marketing messaging platform that allows us to better support our payment technology clients.

About GSPS/ePocket Inc. (

ePocket brings true electronic cash to the world for the first time, making purchases over the Internet as secure and simple as handing cash to a clerk in a store. ePocket enables banks to provide their customers with the ability to withdraw electronic cash in any currency from their regular deposit accounts, and send this electronic cash to merchants or other consumers in order to make payments. Cash created electronically is just like real cash, except there are no coins, bills, or plastic cards -- it is entirely electronic. Just like cash, electronic cash does not require the identification of a payer. This provides privacy for consumers, and eliminates fraud and identity theft, making ePocket the most cost-effective payment solution for Internet commerce. ePocket payments cost merchants less than any other payment technologies. Their extraordinary cost effectiveness enables merchants to profitably accept very small payments of just one or two dollars. In contrast to other payment schemes, consumers do not have to open additional accounts with a payment intermediary. Consumers do not have to give up any identity or credit information in order to accomplish a payment. This makes ePocket payments completely secure and provides complete privacy for consumers.

About E-COIN Limited

E-COIN is a private UK Company with operations in Spain. The Company was founded by a group of European-based investors who have experience in the on-line Gaming industry. The Company was formed to introduce innovative technology to the on-line gaming market.

IR Hub:

Statements contained in this news release regarding ActiveCore Technologies, Inc. formerly IVP Technology and planned events are forward-looking statements, subject to uncertainties and risks, many of which are beyond ActiveCore's control, including, but not limited to, reliance on key markets, suppliers, and products, currency fluctuations, dependence on key personnel and trade restrictions, each of which may be impacted, among other things, by economic, competitive or regulatory conditions. These and other applicable risks are summarized under the caption "Risk Factors" in ActiveCore's Registration Statement on Form SB-2 filed with the Securities and Exchange Commission on January 4, 2005. Forward-looking statements by their nature involve substantial risks and uncertainties. As a result, actual results may differ materially depending on many factors, including those described above.

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