Veritec, Inc., Enters South African Market.

GOLDEN VALLEY, Minn. -- Van Tran, CEO of Veritec, Inc. (Pink Sheets: VRTC) today announced Veritec's expansion of business ventures and partnerships into the Republic of South Africa, effective immediately. Ms. Tran stated the newly elected Veritec, Inc., Board of Directors is ready to name an RSA-based

Ms. Tran also stated, "The prospect of establishing a business footprint in one of the world's greatest emerging nations is an honor for Veritec. The RSA governmental and private-sector business community are a joy to know and with whom to work. We have signed several MOUs (Memoranda of Understanding) and are ready to work with our newly found partners/distributors in a country with so much energy and enthusiasm for becoming the most technologically-advanced leader and practitioner on the African continent."

Veritec's special trade-mission trip to the RSA concluded March 1st, and was conducted under the auspices of the RSA's Chicago Consulate, headed by Consul General Yusuf Omar and Consul Economic Charles Manuel. "Thanks to the efforts of CG Omar and CE Manuel, our new pending strategic alliance partners reflect the growing vitality and desire to move forward, and so richly in evidence among everyone in the RSA, and will also help us create significant new training and employment opportunities in one of the truly great nations of this world," Ms. Tran concluded.

ABOUT VERITEC, INC.

Founded in 1982, Veritec offers a patented line of microprocessor-based encoding and decoding system products that utilize Matrix Symbology[TM] or 2-Dimensional Barcode technology owned by Veritec's wholly-owned subsidiary, VCode Holdings, Inc.

Veritec's encoding and decoding systems allow users to create and apply the unique identifiers to the products in the form of a coded matrix symbol called the VeriCode[R] which enable automated manufacturing control, as well as identification, tracking and collection of data via cameras, readers and scanners. The collected data is then stored in the 2-D barcode available for contemporaneous verification or other user-definable purposes.

In 2003, Veritec introduces a new version of if matrix symbology called the VSCode[TM] to compete in the Biometric Identification markets that required robustness, security, larger data capacity and low cost.

With a large data storage capacity up to 4,500 bytes, the VSCode[TM] can store biometric markers such as fingerprint minutiae along with other critical personal information.

In 2007, using the large data capacity of the VSCode[TM], Veritec introduced its new "multi-purpose-all-in-one" card, named the VSCard(c). Using special banking software and the magnetic stripe on the card, the VSCard(c) functions as a banking debit card, and the VSCode[TM] with biometric markers functions as a Bio-ID card. The front of the card has a picture ID along with the owner's information.

In 2007, Veritec also introduced its PhoneCodes technology. By transmitting information via the electronic media with a VeriCode[R], the consumers simply use a mobile phone to perform banking transaction, purchase a ticket, send or receive a coupon, a receipt, or purchase a gift.

Information about Veritec technologies is available at www.veritecinc.com

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties affecting technology companies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Our SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason unless otherwise required to do so by SEC Regulations.