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.