UPRC - UniPrime Capital Acceptance, Inc. (fka UPRC)

[jmhollen]

UPRC -- UniPrime Capital Acceptance, Inc. Com ($0.001)(New)
UniPrime Capital Signs Letter of Intent to Acquire Secure2wireless Inc.

TEL AVIV, Israel, Nov 6, 2001 (BUSINESS WIRE) -- UniPrime Capital Acceptance Corp. (NQB:UPRC) announced today that it has executed a Letter of Intent to enter into a transaction with Secure2wireless Inc. ("Secure2wireless"), a private liability company with headquarters in Delaware, with a wholly owned subsidiary based in Israel.

Secure2wireless has developed a solution for centralized user authentication and monitoring. The solution provides in a single design the ability to identify a person's identity.

Secure2wireless's technology can be applied for physical access (airports/transportation or corporate campuses), for remote information access (Internet, call-center or cellular-based), and transaction-based services (e-commerce, m-commerce, cellular vending or point-of-sale). In so doing it provides a state-of-the-art solution to enhance existing security systems, and ease migration to new solutions.

Pursuant to the terms of the transaction, Secure2wireless's shares will be exchanged for shares in UniPrime Capital, upon the closing of the transaction. The management and board of directors of Secure2wireless will replace UniPrime's current management upon completion of a definitive agreement between the two companies, expected by the end of November.

Secure2wireless has raised approximately $3.2M in private placements since its incorporation in February 2000. One of Secure2wireless's major investors is Shamrock Capital Growth Fund. The Shamrock group has led successful private equity transactions across a broad range of industries both domestically and internationally.

Shamrock's foundation as the advisor to a distinguished family -- the Roy E. Disney family -- has established a steep tradition of integrity, service and responsibility to its investors and portfolio companies. The Shamrock group has successfully invested more than $2 billion over the past two decades in both private equity and real estate transactions.

Secure2wireless's president, Lucien Geldzhler, stated, "I am very anxious to incorporate the company's technology into the marketplace, and to help solve many of the access security problems which we are facing nowadays."

CONTACT: Secure2wireless
Lucien Geldzhler, 011-(972)39-210548