FOR IMMEDIATE RELEASE

VERITEC-TOHKEN DELIVERS HANDHELD READER FOR THE LIQUID CRYSTAL DISPLAY (LCD) MARKET

GOLDEN VALLEY, MINNESOTA, DECEMBER 1, 2004 - VERITEC, INC.
(NASDAQ- VRTC)

Golden Valley, MN-December 1, 2004 — Veritec Inc., an innovator of two dimensional barcodes, and Tohken, a automatic recognition system integration company located in Tokyo Japan, have teamed up to provide its first handheld reader designed for the Liquid Crystal Display (LCD) and Flat Panel Display (FPD) industry. The reader combines the robustness of the two-dimensional matrix VeriCode decoding software with the superior reading hardware of Tohken.

This partnership between Veritec and Tohken provides a handheld reader that can be used within the LCD and FPD environment. “We have been long wanting a VeriCode handheld reader that has high enough resolution to be used in the LCD industry. The Veritec-Tohken handheld reader is a welcome addition to our existing stationary readers.” said Van Tran, Veritec CEO.

The new high-density code reader will be available through Veritec’s distributor, High High Commercial Company of Taipei, Taiwan. High High is a system integrator specializing in the LCD markets.

More information can be obtained through High High Commercial Co. of Taiwan through e-mail at hilee@ms39.hinet.net or phone at +886-2-2255-0161 or through Veritec Inc. at info@veritecinc.com and phone 1-763-253-2670.

About Veritec

Veritec is the pioneer of two dimensional technology which allows the storage of vast quantities of information on tiny, multi-faceted encoded symbols which provide superior methods of inventory control, parts tracking, security and secure data compilation.

Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties readers are urged to consider statements labeled with the terms “believes”, “belief”, “intends”, “anticipates”, or “plans” to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company’s reports and registration statements filed with the Securities and Exchange Commission. 
 

 
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