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Garry Welch Press Release

ViVOtech adds Wireless Service Veteran Garry Welch to company's Advisory Board of Industry Experts

LOS ALTOS HILLS, CA. - Garry Welch, CEO of wireless service provider Path Broadband and a longtime veteran of the telecommunications and software industries, has joined the advisory board of ViVOtech, Inc., headquartered here.

ViVOtech is a leading infrastructure technology provider developing mobile electronic payment solutions that are compatible with today's merchant legacy systems. The company has an advisory board of industry experts from several fortune 500 companies as First Data Corp., Mervyn's (Target Corporation) and Intuit Inc.

Welch has had broad experience in the wireless, Internet and software industries, with more than 20 years at AT&T (NYSE:T), Lucent Technologies (NYSE:LU), and McCaw Cellular.

"My current company, Path Broadband, delivers critical last-mile, multi-megabit connectivity to consumers and businesses," said Welch. "In the same way, ViVOtech's technology will bridge the gap between the rapidly growing number of wireless devices and back-end payment and financial systems, to make mobile transactions possible."

"Over the course of his career Garry has envisioned, build and delivered several sophisticated wireless data products to consumers and businesses." said ViVOtech CEO Jorge Fernandes. "The insight he's gained with companies that specialize in advanced communications software products, targeted to Internet and global telecommunications service providers, will be a great help to ViVOtech as we launch our products in the coming months."

In recent years he has since served as CEO of WireCutter, a wireless short message service company; EVP of Capital Stream, an ASP serving the financial services industry; and SVP for business development and field operations at CMGi, a streaming media operating company. He began his career with General Electric and is a graduate of GE's Manufacturing Management Program.

About ViVOtech, Inc.
"We turn cell phones into consumer payment devices."


ViVOtech's patent-pending technology lets enterprises offer a secure and easy way for consumers to make credit-card payments with their cell phones and other wireless handheld devices. ViVOtech makes it possible for the rapidly growing number of these devices to connect directly with the brick-and-mortar financial infrastructure, enabling anywhere, anytime electronic payments without requiring any changes in merchants' behavior or point-of-sale infrastructure.

For More Information Contact:
Marcelo de Lima, ViVOtech, Inc.
Phone: (650) 776-7109
mlima@vivotech.com