DataWave Systems, Inc.
OTC Bulletin Board : DWVS

April 11, 2006 07:30 ET

DataWave Launches First Instant-Issue Prepaid MasterCard-R-Card Program in Canada; Nextwave TitaniumPlus Prepaid MasterCard Cards Now Available at Money Mart Stores Throughout Canada

WAYNE, N.J.--(CCNMatthews - Apr 11, 2006) -

DataWave Systems, Inc. (OTCBB: DWVS), an established provider of prepaid and stored value delivery systems, today announced the launch of the first instant-issue prepaid MasterCard card program in Canada.

Consumers can purchase and reload the Nextwave TitaniumPlus Prepaid MasterCard cards at participating Money Mart Stores throughout the country. There's no credit check, cardholders don't need a bank account, and best of all, they don't have to wait for the card to be mailed to them as is the case with other Prepaid MasterCard programs. They just have to complete a registration form, providing proof of identification information such as name, address, phone number, date of birth and SIN number, and, once validated, they can walk out of the store with their card in hand.

"DataWave's ability to provide real-time activation of prepaid cards, together with our proven technology, which had already been successfully integrated with the Money Mart store software, was instrumental in us being able to offer their first instant-issue MasterCard card program in Canada." said Bill Turner, VP Business Development, DataWave. "We continue to be at the forefront of new service offerings in the prepaid and stored value markets."

The Nextwave TitaniumPlus Prepaid MasterCard card can be used to purchase goods and services from millions of locations worldwide where MasterCard is accepted. This includes Internet and mail-order purchases. In addition, cardholders can withdraw cash from ATMs displaying the Cirrus logo. As cardholders register with Money Mart, a Nextwave TitaniumPlus card personalized with their name will be mailed to them to replace the instant-issue card.

"Prepaid cards allow us to offer consumers more payment options and flexibility." commented Robert Pain, VP Card Services of HorizonPlus Card Services LLP, the agent for Peoples Trust, the Issuer of the Nextwave TitaniumPlus Prepaid MasterCard.

Ron Ingram, Director of Business Development at Money Mart, added, "Customer response to our new Nextwave TitaniumPlus Prepaid MasterCard has exceeded our expectations. We are very happy with the results of this product to date."

About DataWave

DataWave has been an innovator and developer of prepaid and stored-value programs and merchandising solutions since it was founded in 1994. DataWave pioneered systems that allow for point-of-sale activation of high value, high shrinkage products, such as cash cards, prepaid phone cards and prepaid wireless time. These systems work equally well over the Internet, through intelligent freestanding vending machines and POSA terminals, or with various card activation devices, including cash registers.

About HorizonPlus Financial

HorizonPlus Card Services LLP of Vancouver, British Columbia, is the agent managing all prepaid MasterCard functions for People's Trust. People's Trust is a principal member of MasterCard Canada, regulated by the Office of the Superintendent of Financial Institutions and a member of CDIC.

About Money Mart

Money Mart is part of the Dollar Financial Group of companies which owns and operates the largest international network of retail financial service stores in the world with more than 1,600 locations in Canada, the U.S. and the U.K. Money Mart has been providing check cashing and other basic financial services to Canadians since 1982.

This press release contains "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995. Words such as "expect", "believe", "anticipate", "may", "will", "plan", "intend", "estimate", "could", and other similar expressions are intended to identify these forward-looking statements. In particular, statements in this release regarding potential growth opportunities for prepaid cards are forward looking. Statements in this press release, and elsewhere, that look forward in time or include anything other than historical information involve risks and uncertainties that may affect the Company's actual results of operations. These statements by the Company are subject to certain risks, including, among others, future demand for its products and brand, competition from other businesses providing similar products, the ability to maintain profitability and control expenses and the Company's ability to successfully execute its business strategy. These and other risks and uncertainties are discussed in more detail in the Company's periodic reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, which are available at the SEC website at www.sec.gov.

"DataWave" is a registered trademark of the Company. All other trademarks and trade names referred to are the property of their respective owners.

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