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Secured Digital Applications, Inc. Announces Field Trial of Biometric Payment Portal

NEW YORK--(BUSINESS WIRE)--June 16, 2004--Secured Digital Applications, Inc. (OTCBB:SDGL) today announced plans to conduct a field trial of an online biometric payment portal, using biometric products and systems developed by its current partner companies, during the second half of 2004.
The Company said that it has undertaken the project to develop what is believed to be the world's first biometric payment portal for electronic commerce and credit card transactions using biometrics for identification and verification. Fraudulent online transactions in the Asia-Pacific region cost merchants and their customers approximately $180 million in 2003. Implementation of the portal is scheduled for early 2005.

The initial deployment of the portal would be for the Malaysian and Singapore markets with subsequent deployment across the Asia-Pacific region. After successfully implementing the payment portal for the Asia-Pacific region, the Company intends to introduce a similar portal for the North American market.

Merchants who sign up as clients of the payment portal will enroll their customers into the Company's system. Thereafter, the merchant's clients when making purchases will have their identity verified by using face and fingerprint biometric technology. After authentication of their identity, the transaction will be processed and payment approval sought from banks and credit card issuers.

According to Forrester Research, revenue from business-to-consumer transactions in the Asia Pacific region is projected to reach $1.6 trillion in 2004. The Company intends to generate revenue by charging a fee based on a percentage of the transaction value executed through the portal. The Company estimates that revenue during the first year of commercial operation will be approximately 0.02 percent of the projected online transaction value.

Mr. Patrick Lim, Chairman and CEO of Secured Digital Applications, stated, "We are particularly excited about the potential of this project. Our payment portal differentiates itself from other conventional payment portal by authenticating the cardholder rather than the card allowing our customers to combat fraud and identity theft. We believe our demonstrated ability to develop applications integrating multiple biometric security systems and products will benefit our customers and provide significant opportunities for both Secured Digital and our partner companies."

The company said that it will integrate existing technologies to provide a high level of personal authentication. The use of fingerprint and facial recognition biometric technologies has been demonstrated to produce extremely reliable results, equivalent to the identification characteristics of DNA.

The payment portal will be partly funded by internally generated funds and proceeds from the recent successful private placement of the Company's securities.

About Secured Digital Applications:

Secured Digital Applications, Inc. (formerly known as Digital Broadband Networks, Inc.) and its subsidiaries are involved in the development, integration and provision of secured shipping and supply chain management service, sale of biometrics security systems and the development of Web based interactive multimedia content. The group is also involved in the sale of the EyStar SmartHome Console, broadband modems and IP cameras. For more information, please visit www.digitalapps.net and www.eystar.com.

Safe Harbor Statement:

Investors should carefully consider the preceding information, as well as other information contained herein before making an investment in the common stock of the Company. Information contained herein contains forward-looking statements and information that are based upon beliefs of, and information currently available to management, as well as estimates and assumptions made by management. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes", "expects", "is expected", "intends", "may", "will", "should", "anticipates", "plans" or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to vary materially from historical results or from any future results expressed or implied in such forward-looking statements. Digital Broadband Networks does not undertake to update, revise or correct any forward-looking statements.

Morris Capital Markets Communications LLC provides investor relations and financial communications services to the Company. As such Morris Capital Markets Communications LLC and/or its officers receives only cash remuneration for its services in compliance with the National Investor Relations Institute Standard of Practice and SEC regulations.

Contacts


Secured Digital Applications, Inc.
Valerie Looi, +603-7955-4582
valerie.looi@digitalapps.net
or
Morris Capital Markets Communications LLC
Barry L. Morris, 212-687-9707
bmorris@morriscapmarkets.com

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