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Bioscrypt's VeriSoft Access Manager Chosen by Cherry Electrical Products

Toronto, ON -- October 19, 2006

Bioscrypt's VeriSoft Access Manager Chosen by Cherry Electrical Products

Bioscrypt Software enabled on Cherry’s FingerTIP ID biometric USB keyboards

TORONTO, ON (October 19, 2006) - Bioscrypt Inc. (TSX: BYT), a leading provider of identity verification technology, announced today that Cherry Electrical Products, a global leader in the design, development, and manufacture of computer keyboards and mice, has selected VeriSoft Access Manager for its G83-14200/14300 range of FingerTIP ID biometric USB keyboards. The integrated solution will be on display at the Biometrics 2006 Exhibition in Westminster, London, on October 19th and 20th.

The benefits of Bioscrypt's VeriSoft Access Manager, as recognized by Cherry, include: increased protection of sensitive data; the ability to consolidate and store user identities and passwords for web-based and Microsoft Windows applications; automatic logon when a registered application is accessed; and hard-drive secure encryption to allow for the storage of documents for safeguarding, creating a type of 'digital safe' accessed via fingerprint ID. Along with these functionality advantages that Cherry required, an added unique feature is the E-wallet, which allows for safe storage of credit card details while integrated event logging provides a secure and irrefutable audit trail.

"The beauty of VeriSoft Access Manager is that all its functions are accessible in one window, which avoids complicated access paths to the many features offered," said Robin Bithrey, Keyboard Sales Support Engineer at Cherry. "The design is extremely user-friendly and of a simplicity which, combined with intelligent and secure designs, makes this software highly desirable. It is for this reason we wished to associate our name with Bioscrypt."

The software is enabled on Cherry's G83-14200/14300 range of FingerTIP ID biometric USB keyboards with CMOS fingerprint sensor AES 4000 from AuthenTec with TruePrint® technology. The keyboard also comprises a 3121-compatible CardMan smart card reader, which in combination with VeriSoft, allows for multiple authentication methods to be used in any combination when assigning access privileges to applications and services. As well as fingerprint biometrics and smartcards, the software supports multifactor user authentication, including Trusted Platform Modules, USB and virtual tokens.

"We believe this combination of VeriSoft Access Manager and the Cherry keyboard provides a convenient and compelling security solution that supports multiple methods of authentication," said Robert L. Williams, President and CEO of Bioscrypt. "Cherry has a demonstrated ability to bring biometric and smart card technology to the retail market, particularly through their FingerTIP ID Board. We look forward to working with them to capitalize on this opportunity."

 About Bioscrypt Inc.

Bioscrypt Inc. is a leader in identity verification technologies, providing solutions for converged physical and logical access, enabling unified authentication from Door to Desktop®.  Bioscrypt's offerings simplify the task of implementing secure access to facilities, equipment and IT networks. The company develops and sells biometric embedded solutions, access control readers and identity and access management software to protect the physical and network assets of international government agencies and leading organizations in the financial services, healthcare, and manufacturing sectors.  More information is available at www.bioscrypt.com .

About Cherry Electrical Products

Cherry Electrical Products is a global leader in the design, development, and manufacture of computer keyboards and mice.

Cherry's advanced performance computer keyboards feature integrated magnetic stripe and/or smartcard readers and fingerprint recognition devices, helping organizations increase the efficiency and security of their transaction processing systems. With its presence in thousands of retail, healthcare and government locations, Cherry is positioned as a cutting-edge keyboard supplier among the independent peripheral vendors. Cherry sets the pace for new interface and device support such as USB, OPOS/JPOS, smart card and fingerprint technology. More information is available at http://www.cherryuk.co.uk

Forward-looking (safe harbour) statement

 Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes", "plans", "expects" or "intends" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

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Bioscrypt, Veri-Series and VeriSoft are trademarks of Bioscrypt Inc. All other trademarks or registered trademarks referenced herein are properties of their respective owners.

For more information, contact:

 

Laura Slater

Matthew Bogart

High Road Communications

Bioscrypt Inc.

+1 613-236-0909 X 317

905-940-7771

lslater@highroad.com

matthew.bogart@bioscrypt.com