Duraswitch Stockholders Approve Name Change to InPlay Technologies New Name Reflects Strategy to Expand Portfolio of Patented Technologies; InPlay Will Begin Trading on Nasdaq as 'NPLA' Beginning June 15, 2005 PHOENIX, June 6 /PRNewswire-FirstCall/ -- Duraswitch (NASDAQ:DSWT) announced that stockholders approved the proposal to change the Company name to InPlay Technologies, Inc. The Company's Board of Directors had recommended the change to better reflect the Company's strategy of leveraging its licensing model with additional proprietary technologies. "InPlay Technologies is the next phase of our growth," said Bob Brilon, Duraswitch CEO. "We founded the Company to commercialize our patented switch technologies, initially manufacturing internally to prove the technology in the marketplace. We successfully transitioned to our Duraswitch licensing model. We are now ready to take on additional technologies for commercialization through InPlay Technologies." "The Duraswitch intellectual property portfolio holds a range of patented switch solutions that meet the needs of today's electronic devices. The Duraswitch brand will continue to represent our switch technologies. The licensee network is in place for commercialization of these technologies and we expect organic growth from this division beyond the Delphi exclusive license for automotive which includes minimum payments of $11 million. We will continue to support our licensees in their marketing and engineering efforts, as well as market directly to OEMs and potential licensees," Brilon continued. "InPlay Technologies has the opportunity to leverage the licensing model with additional proprietary technologies, bringing new sources of revenue to the Company," concluded Brilon. The official name change is anticipated to be effective June 15, 2005. At the commencement of trading on June 15, the Company's common stock traded on Nasdaq will begin trading under the symbol "NPLA." Stockholders are not required to take any action with respect to the name change and no exchange of stock certificates is required. About Duraswitch Duraswitch is a licensor of patented, enabling technologies. The company was founded to commercialize a novel new electronic switch technology -- pushbuttons, rotary dials, mouse controls -- that can be used in a wide range of applications. Licensing its intellectual property to established switch manufacturers and OEMs, Duraswitch brings together its expertise in switch design with their marketing and manufacturing capabilities. The Duraswitch business model can be used for the commercialization of additional innovative technologies. Visit http://www.duraswitch.com/ or call 480.586.3300 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 our ability to successfully implement our corporate strategy, our licensees' ability to market and manufacture products using our technologies, organic growth and potential revenue from Duraswitch licensees, and our ability to leverage our licensing model with new technologies resulting in additional revenue. Risks and uncertainties that could cause results to differ materially from those projected include lack of market acceptance of our technologies, inability to acquire and commercialize additional technologies, underestimating the length of time required to develop sufficient licensing revenue to create a net profit, unanticipated expenses related to protecting our intellectual property, increased sales and marketing expenses 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: Duraswitch CONTACT: Heather Beshears, Vice President, Corporate Communications, Duraswitch Industries, Inc., +1-480-586-3357, Web site: http://www.duraswitch.com/

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