NPLA Inplay Technologies (MM)

Receives Additional Purchase Orders From Major Computer OEM PHOENIX, Oct. 28 /PRNewswire-FirstCall/ -- FinePoint Innovations, a newly acquired subsidiary of InPlay Technologies, Inc. (NASDAQ:NPLA) announced today that its new, digital pen technology has launched as the computing pen and digitizer for a major computer manufacturer's new product line of convertible notebooks. FinePoint has received additional purchase orders of $2.0 million, for a total of $3.1 million to date. FinePoint's patented technology is the computing pen and digitizer for 3 models of convertible notebooks, aimed at the enterprise, small business and consumer markets with a suggested retail price as low as $1099. FinePoint shipped approximately $700,000 of the initial purchase order as of September 30, and expects to ship the majority of the current purchase orders before the end of the year. FinePoint's digital computing pen technology consists of a digitizer and digital writing pen. The pen is an active RF digital pen versus the older analog pen technology used with previously launched tablet PC systems. The FinePoint configuration enables very low power consumption of the notebook battery, and superior performance by using a digital RF communication path. "Our digital technology means greater accuracy and true pen-on-paper look and feel," said Stephen Caldwell, president, FinePoint Innovations. "It was important that the human interface, the computing pen, match with the high performance, feature rich design of this product." "This computer manufacturer has made a number of innovations in its established 20-year history and the next generation of convertible notebooks is no exception. We are excited that they included the technological advantages that our digital pen brings, both short term and for enhanced capability in future generations," Caldwell continued. Convertible notebooks and tablet PCs expand on the functionality of traditional notebooks by employing user-friendly pen input devices in addition to a full keyboard. Pen computing allows users to take notes, draw diagrams and edit documents in electronic form. Standard forms can be filled out using these devices and can be easily electronically transferred as needed. Specific target markets include insurance, medical, real estate and education. FinePoint designs, develops and commercializes innovative pen-input solutions for builders of tablet PCs, computer peripheral products, POS terminals and kiosks. Driving future innovation, FinePoint's digital technology is uniquely positioned to meet expanded functionality and performance needs. About InPlay Technologies InPlay Technologies markets and licenses proprietary emerging technologies. The InPlay business model is to bring inventions to market by creating win-win relationships for the inventors and manufacturers through InPlay Technologies. The company was founded to commercialize its internally developed Duraswitch electronic switch technologies and has executed license agreements with switch manufacturers and OEMs worldwide. Duraswitch patented technologies are in the controls of a wide range of commercial and industrial applications. InPlay Technologies is focused on building on the Duraswitch foundation and leveraging its licensing model with additional, innovative technologies. Visit http://www.inplaytechnologies.com/ for more information. This news release contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements regarding anticipated production of FinePoint's digital pen technology, the advantages of FinePoint's technology and the potential for future enhancement using this technology. Risks and uncertainties that could cause results to differ materially from those projected include changes in production timing and volume, unforeseen manufacturing difficulties and other uncertainties described from time to time in our documents filed with the Securities and Exchange Commission, including our Annual Report on Form 10-KSB for the year-ended December 31, 2004. These forward-looking statements represent our beliefs as of the date of the press release and we disclaim any intent or obligation to update these forward-looking statements. DATASOURCE: InPlay Technologies, Inc. CONTACT: Heather Beshears, Vice President, Corporate Communications of InPlay Technologies, +1-480-586-3357, Web site: http://www.inplaytechnologies.com/

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