Metaca Corporation

July 05, 2005 16:00 ET

Oberthur and Metaca Announce Partnership to Deliver Smart Cards to Canadian Banks

LOS ANGELES--(CCNMatthews - Jul 5, 2005) -

Oberthur Card Systems, the world's largest provider of MasterCard and Visa cards and the undisputed leader in EMV migration, and Metaca, one of the largest card manufacturers in Canada, have agreed to an exclusive partnership to bring EMV (Europay, MasterCard, Visa) smart card solutions and personalization services to Canadian banks.

"Canadian banks require that all smart cards and personalization data be kept within the Canadian borders. By partnering with Oberthur, a trusted name in banking throughout the world, we are prepared to facilitate our banking industry's migration to smart cards," said Jerry Moodie, President and CEO of Metaca Corporation.

In addition to delivering its personalization systems and software to Metaca, Oberthur will provide its microprocessor chips (in micro module format) for Metaca to embed into plastic cards. Metaca will produce the cards and run the personalization programs for their banking customers using the well-respected and proven Oberthur technology.

"This partnership provides best in class technology with local presence, to support Canadian banks in their migration towards smart cards," said Philippe Tartavull, President and CEO of Oberthur Card Systems' American division.

With a market of approximately 55 million cards, it is anticipated that issuers will start deploying smart cards in 2006 with critical mass expected by 2010, after which the liability in case of fraud will shift from issuers to acquirers. The agreement positions Metaca to be the smart card leader within the Canadian banking industry through its leverage of Oberthur's EMV migration expertise.

About Oberthur Card Systems

With sales of 450.71 million euros in 2004, Oberthur Card Systems is one of the world's leading providers of card-based solutions, software and applications including SIM and multi-application smart cards and services ranging from consulting to personalization.

Innovative products, security expertise and high quality services ensure Oberthur's strong positioning in its main target markets.

-- Payment: 57% of 2004 revenues. World leader and number one supplier of Visa and MasterCard payment cards.

-- Mobile Communications: 33% of 2004 revenues, with open and interoperable solutions based on Java™ technology.

-- Identity: strong positions in ID projects throughout the world.

-- Multimedia: leading position in the Pay-TV market with an end-to-end expertise in the value chain, from software development to manufacturing and personalization

-- Transit: focus on the high-end segment with a micro-processor based offer

Close to its customers, Oberthur Card Systems benefits from an industrial and commercial presence across all five continents. Listed on the Euronext Stock Exchange (ISIN: FR0000124133) since July 2000, Oberthur Card Systems is a subsidiary of the Francois-Charles Oberthur Group.

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About Metaca Corporation

Metaca Corporation has grown to become one of North America's leading secure card solution providers, offering clients innovative, industry-leading single source solutions for chip and traditional card applications. Metaca's growth in the card services market has come through the proactive analysis of client needs and the strategic acquisition and integration of businesses. The company has unique Disaster Recovery Plan (DRP) capabilities and coast-to-coast coverage through its facilities in Toronto and Vancouver. Being Visa, MasterCard and American Express certified, Metaca serves not only the financial industry, but also the telecommunication, satellite, alternative payment, identification, gift, loyalty and government markets.

As a member of Secure Products International (SPI), Metaca is well aligned globally with other organizations specializing in the production of secure products. This provides us with access to the most innovative technologies as well as the financial stability to continually invest in our business. The benefit to our clients is best-of-class solutions, delivered cost effectively. One company delivering complete card program solutions. One source. Metaca.

Secure Products International (SPI) is the secure transaction products and services division of MDC Partners (RSX:MDZ.A)(NASDAQ:MDCA)

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