Innovative Card Technologies Announces 11 Deployments of ICT DisplayCard

Commercialization of first-to-market ICT DisplayCard, a
wafer-thin, one-time-passcode card for dual-factor authentication, to
be spotlighted at security industry's premier forum, the RSA
Conference and Expo
LOS ANGELES--(Business Wire)--
Innovative Card Technologies, Inc. (NASDAQ:INVC), developers of
the breakthrough ICT DisplayCard security device for e-banking,
e-commerce and data access, today announced 11 deployments of the ICT
DisplayCard by leading financial institutions (F.I.) and enterprises
in the U.S. and internationally. Five of the deployments are currently
live, with six in production for distribution to consumers in Q2 2008.

The ICT DisplayCard is in the hands of consumers to authenticate
online banking, online brokerage, ATM, and phone transactions in the
four current F.I. deployments. Orders for three additional bank
deployments are currently in production, for card distribution in Q2
2008. The ICT DisplayCard has been deployed for internal data systems
logon and VPN access authentication at one enterprise institution to
date, with cards for another three enterprise deployments in
production for delivery to customers in Q2 2008. This
commercialization progress will be highlighted at the security
industry's largest trade show, RSA Conference 2008, at the Moscone
Center in San Francisco, April 7-11.

"The RSA Conference is a premier opportunity for Innovative Card
Technologies to showcase our ICT DisplayCard, the most commercially
advanced, one-time passcode ISO-compliant DisplayCard in the world.
This year we are especially pleased that our strategic partners will
feature this remarkable card as well," said Steven R. Delcarson,
Innovative Card Technologies CEO and President. "Our market-leading
position is derived from our strong technical certification
performance, including receipt of both the UL and CE consumer
protection marks for distribution in the United States and Europe
respectively. We are extremely pleased to be receiving positive
end-user feedback from our customers, and we are excited to report
that the number of deployments will grow to seven on the banking side
and four on the enterprise side in the second quarter."

This is the company's second year exhibiting at the RSA
Conference, the largest security show in the U.S., with more than
20,000 security professionals expected to visit the exhibition floor.
In addition to its corporate exhibition booth (#2351), the ICT
DisplayCard will be featured by two of the top authentication and
security organizations in the industry. In ActivIdentity's booth, the
world's first one-time-passcode Smart DisplayCard with a PKI chip will
be showcased as a hardware authenticator integrated into
ActivIdentity's 4TRESS Authentication Server. VeriSign, platinum
sponsor of the RSA Conference, will feature custom-branded ICT
DisplayCards as an integrated hardware authenticator for its VeriSign
Identity Protection (VIP) Authentication Service. Innovative Card
Technologies is a silver sponsor of VeriSign's invitation-only
customer event on the evening of April 9. Innovative Card
Technologies, a Coordinating Member of the Initiative for Open
AuTHentication (OATH), will also showcase the ICT DisplayCard in the
OATH partner pavilion.

About Innovative Card Technologies

Innovative Card Technologies (NASDAQ: INVC) was founded in 1993 to
add functionalities to payment cards. InCard's suite of ICT
DisplayCards enables dual-factor authentication in a convenient card
form. The cards can be configured to offer RFID physical access or
payment capabilities, and feature a screen powered by an integrated
battery, circuit, and switch. This screen displays a one-time password
to verify the presence of the card during online and voice
transactions or data systems login. www.incard.com.

This press release contains forward-looking statements which are
commonly identified by words such as "would," "may," "will,"
"expects," and other terms with similar meaning. Forward-looking
statements are based on current beliefs, assumptions and expectations
and speak only as of the date of this release and involve risks and
uncertainties that could cause actual results to differ materially
from current expectations. The material factors and assumptions that
could cause actual results to differ materially from current
expectations include, without limitation, the following: ICT
DisplayCard adoption, ICT DisplayCard further testing and
certifications, dependence on a limited number of suppliers and their
capacity, full scale production of the ICT DisplayCard, and limited
capital and liquidity. Innovative Card Technologies, Inc. refers
interested persons to its most recent Annual Report on Form 10-KSB as
amended by Form 10-KSB/A and its other SEC filings for a description
of additional uncertainties and factors that may affect
forward-looking statements. Forward-looking statements are based on
information presently available to senior management, and Innovative
Card Technologies has not assumed any duty to update any
forward-looking statements.

Innovative Card Technologies, Inc.
Marketing Manager
Stephanie Edwards, 310-312-0700
sedwards@incard.com
or
Public Relations
Susan Roush, 818-222-8330
pr@incardtech.com
or
Investor Relations
Jose Castaneda, 720-733-0052
ir@incardtech.com

Copyright Business Wire 2008