iCache Announces Sponsorship of Charleston Digital Corridor's iFive:K

Charleston, SC April 16, 2007 - iCache, a pioneer in the development of software that transforms mobile devices into ultra secure digital wallets is thrilled to be sponsoring the Charleston Digital Corridor's iFive:K benefiting the Burke High School Scholarship Fund.

"We love Burke High School's mission to provide a challenging academic program and integrate school, family and community resources into the school - this is a model program that is an inspiration for our entire community" said iCache CEO Jonathan Ramaci. "Burke leadership has done a tremendous job in garnering active participation from a diverse group of community resources ranging from government, institutions of higher education, churches, businesses and nonprofit organizations - we consider it an honor to participate in this wonderful event."

iCache President, Jack Harvey confirmed iCache will have a number of employees participating in the Charleston Digital Corridor iFive:K - run, walk or shuffle. "This is a great participatory event and a tremendous opportunity to celebrate and support a fabulous organization in our community."

About iCache: With offices in Charleston, SC and Cambridge, MA, iCache is the emerging leader in the development of groundbreaking software and hardware which transforms mobile devices into ultra secure digital wallets. iCache is capitalizing on the growing adoption of RFID-enabled payment solutions and the need for secure payment and individual data transfer systems. The company's iCache software and hardware solutions build on emerging platforms while adding significant new functionality, security, and cost effectiveness for consumers, financial institutions, and merchants. www.icache.com