Veritec Enters Marketing Contract With iNet Team to Bring Its blinx ON-OFF(TM) Debit Card Program to the Market

GOLDEN VALLEY, MN, Apr 06 (MARKET WIRE) --
Veritec, Inc. (OTCBB: VRTC), a pioneer and developer of proprietary
two-dimensional matrix technology and developer of mobile banking debit
card solutions, today announced the signing of a marketing agreement with
iNet Team, a Wyoming Corporation located in Laguna Hills CA, to market
its blinx ON-OFF(TM) Card to a large "under-banked" population.

Veritec's mobile banking software platform processes debit, pre-paid and
gift cards solutions to debit card issuers and sponsoring organizations.
Under the MTC(TM) and blinx ON-OFF(TM) Card Programs, card issuers and
sponsors may provide Veritec's private branded debit or gift cards to
individuals with or without an acceptable credit history. With the blinx
ON-OFF(TM) card features that allow card toggling on/off, real time money
transfer, and card activities notifications, cardholders have security
and convenience while traveling, managing funds, and transferring money
from card to card or account to account in real time anywhere in the
world. Veritec's instant issued MTC(TM) and blinx ON-OFF(TM) Card
Programs on Veritec's mobile banking platform are connected to Security
First Bank of Fresno, California.

About Veritec, Inc., VTFS

Veritec, Inc. is a pioneer and developer of proprietary two-dimensional
matrix technology. The company's portfolio of products includes its
proprietary VeriCode(R) and VSCode(R) 2D matrix symbology solutions,
BioID - VSCode(R) multi-purpose card solutions, and suite of products
known as PhoneCodes(TM) for delivering electronic tickets, coupons and
gift cards to mobile devices (www.veritecinc.com). Veritec Financial
Systems, Inc. is a wholly owned subsidiary of Veritec, Inc. VTFS develops
and licenses mobile banking debit, gift and prepaid card solutions and
serves as a third party processor to banks for debit card transactions on
the company's mobile banking platform (www.vtfs.com) and
(www.blinxcard.com).

Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995

This news release contains forward-looking statements within the meaning
of the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. These statements are based upon our current
expectations and speak only as of the date hereof. Our actual results may
differ materially and adversely from those expressed in any
forward-looking statements as a result of various factors and
uncertainties affecting technology companies, our ability to successfully
develop products, rapid technological change in our markets, changes in
demand for our future products, legislative, regulatory and competitive
developments and general economic conditions. Our SEC filings discuss
some of the important risk factors that may affect our business, results
of operations and financial condition. We undertake no obligation to
revise or update publicly any forward-looking statements for any reason
unless otherwise required to do so by SEC Regulations.

Veritec Contact:
Van Tran, CEO
2445 Winnetka Avenue North
Golden Valley, Minnesota 55427
Telephone: 763-253-2670
Fax: 763-253-0503
Email Contact

2445 Winnetka Avenue No.
Golden Valley, MN 55427
(763) 253-2670; Phone
(763) 253-0503; Fax
www.veritecinc.com

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