E-Duction's Payroll Deduction Card System Patent Allowed

6/11/03

BLUE BELL, PA, June 11, 2003 — E-Duction announced today that The United States Patent and Trademark Office has allowed their U.S. Patent Application directed to the company's seminal product offering-a card system that allows consumers to purchase goods and services from more than 29 million locations worldwide and pay for them via payroll deduction. E-Duction is the creator of CLEAR, the world's first payroll deduction card, which the company introduced in July of 2002 and is offered as an employee benefit at leading corporations throughout the country.

"The Patent Office's finding that E-Duction's system is entitled to patent protection clearly establishes E-Duction as the originator of payroll deduction cards, and provides us with a formidable barrier to competition as we move to make payroll deduction a preferred method of payment for the widest possible array of goods and services," says Kirk Watkins, President and CEO of E-Duction. "At face value, the payroll deduction card appears to be a simple idea, which provides real and compelling consumer benefits. However, it was a challenge to build the technology to administer payroll deductions against variable purchases and the partnerships to power these transactions. With that accomplished, we intend to revolutionize the electronic payment industry, providing corporations, employees and merchants greater cost and time-saving efficiencies. This patent will add to a long list of intellectual property that E-Duction has developed as the leader in the emerging world of payroll deduction. "We view it as a key asset contributing to the long-term value of our company, and a competitive advantage that will serve our partners, clients and shareholders well into the future."

About E-Duction, Inc.
E-Duction was launched to capitalize on a growing trend that has emerged in payment technology - payroll deduction. In July of 2002, E-Duction introduced the first payroll deduction card, CLEAR, that gives employees interest-free purchasing power, 365 days per year. CLEAR is an innovative employee program that allows employees to make purchases at over 29 million MasterCard acceptance locations worldwide and spread payments out over future paychecks. E-Duction has teamed with some of the world's largest consumer financial services companies including MasterCard International.

For more information on E-Duction, please contact:
Garrett Allen at Gregory FCA Communications at 610-642-8253
E-mail: garrett@gregoryfca.com
- or -
Kirk Watkins at E-Duction at 215-542-2121
E-mail: kwatkins@E-Duction.com

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