EPN - Electronic Prescribing News: SiVault Systems and Bluefish Wireless Sign Strategic Partnership Agreement

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October 21, 2004

SiVault Systems and Bluefish Wireless Sign Strategic Partnership Agreement

Companies will be the first to market a completely integrated electronic
     prescription solution with secure content, biometric authentication,
                 validation, verification and records access

    SAN JOSE, Calif., Oct. 21 /PRNewswire-FirstCall/ -- SiVault Systems, Inc.
(OTC Bulletin Board: SVTL.OB), a leading provider of products and services for
the secure authentication, processing, storage, and retrieval of signature-
based medical, financial, and retail electronic transactions and documents,
today announced a strategic partnership with Bluefish Wireless, the largest
mobile wireless platform for PDAs.
    In this relationship, Bluefish Wireless' award-winning BluefishRx wireless
software will use SiVault Systems' standardized, fully compliant platform to
provide biometrically secured prescriptions that doctors can issue on mobile
devices, such as PDAs, and patients can then pick up the filled prescription
at their pharmacy.
    These electronic prescriptions are created on the BluefishRx software and
then pass through SiVault Systems' patented secure system to be delivered to
the pharmacies for fulfillment and verified pick-up by the patient.
Authorized third parties, such as insurance companies, hospitals and the FDA
will have permission-based access to the specific subsets of data found in
each prescription.
    SiVault Systems developed this integrated solution in response to
increased market demand for cost savings and efficiencies. Driven by laws,
such as the Health Insurance Portability and Accountability Act of 1996
(HIPAA), the U.S., eSign law and the recognized competitive economies of an
authenticated paperless marketplace, SiVault Systems offers a platform for
biometric signature recognition, authentication, credential validation and
enables access of electronic prescriptions, medical practice management and
electronic benefit management solutions in combination with market leading
companies such as Bluefish Wireless.
    "Our combined offering marks a valuable advance in online integrated
electronic prescriptions, processing and payment capabilities," said Emilian
Elefteratos, chief executive officer of SiVault Systems. "Further, SiVault
Systems will provide secure doctor authentication, verification of eligibility
and acceptance of payment and co-pay in real time coupled with insurance
verification, literally eliminating fraud and over-billing. The healthcare
industry is writing 3.5 billion prescriptions annually in the United States
and the cost-savings from secure, electronic prescriptions are compelling."
    James Fisher, founder and chief executive officer of Bluefish Wireless,
said, "The combination of BluefishRx for electronic prescription writing and
SiVault Systems' validation, authentication, secure processing and permission-
based access creates a powerful solution that makes prescription writing
quick, simple and accurate while reducing the chances of error, fraud and loss
of privacy -- all the while dramatically reducing administrative costs."
    Fisher said, "Key to the solution's success is the secure method by which
SiVault Systems ensures that the data is not misused. With SiVault Systems
and BluefishRx, the registered doctor is the only person able to create a
prescription, the pharmacy receives clear validated data, insurance companies
and other third parties will only see the data to which they are entitled."

    About SiVault Systems (http://www.sivault.com)
    Founded in 1999, SiVault Systems is a recognized leader in the secure
storage and retrieval of signed documents and biometric signature-based
authentication for processing of online transactions. SiVault Systems'
services are 100% compliant with regulations and standards in the retail and
healthcare industries for authentication, authorization, transmission and
storage of data. For more information, visit the companies' web sites at
http://www.sivault.com.

    About Bluefish Wireless (http://www.bluefishUSA.com)
    Bluefish Wireless has created a wireless platform for two-way infrared
communication between Palm and Palm OS-based handheld devices and the
Internet. The company's first use of the technology is a network of
information access points that allows consumers to send and receive content,
and purchase goods and services on their Palm Powered OS(R) handheld
computers. Bluefish's patent-pending, proprietary technology platform has
applications in diverse markets from enterprise application development and
deployment, to the consumer space, expanding the functionality and utility of
PDAs for consumers and enterprise users. Founded in 1999, Bluefish Wireless
is based in San Francisco with engineering offices in Sydney, Australia.
Additional information can be found on the Web at http://www.bluefishUSA.com.

    Application of the Safe Harbor of the Private Securities Litigation Reform
Act of 1995:
    This press release contains "forward-looking statements" within the
meaning of the U.S. federal securities laws, which are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of
1995. SiVault Systems, Inc. cautions readers that statements regarding this
transaction. The timing of such a transaction and any other future aspect
relating to such a transaction are forward-looking statements and are based on
management's current expectations, estimates and projections. Words such as
"expects", "anticipates", "estimates", "believes", or statements indicating
certain actions "may", "could", or "might" occur and similar expressions are
intended to identify such forward-looking statements. These statements are
not guarantees of future performance and are subject to certain risks and
uncertainties, including the Company's ability to market its products and
services in a competitive environment, as well as other factors, many of which
are beyond the Company's control and are difficult to predict. Therefore,
actual outcomes and results may differ materially from what is expressed or
forecasted in such forward-looking statements. For additional information on
these uncertainties, please see the Company's filings with the Securities and
Exchange Commission. The Company undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the
dates on which they are made.

    Contacts:
     SiVault Systems                    Media Relations
     Emilian Elefteratos                Stan Froelich
     SiVault Systems Inc.               Stern & Co.
     408-321-5100                       212-888-0044
                                        sfroelich@sternco.com