Companies to provide state-of-the-art location-powered solutions and mobile authentication, non-repudiation to distribution, transportation, utilities and government sectors

NEW YORK and NORWALK, Conn., Sept. 9, 2004 -- SiVault Systems Inc. (OTC Bulletin Board: SVTL), a leading provider of products and services to implement secure storage and retrieval of signed documents and signature-based authentication for processing of on-line transactions, said it signed a memorandum of understanding to acquire Links Point Inc. (LinksPoint). The parties contemplate an exchange of restricted common stock and the terms and conditions of the share purchase agreement are subject to approval of both boards of directors.

The proposed terms were not announced and are subject to further negotiation and the completion of due diligence. There can be no assurance a final agreement will be reached.

LinksPoint provides Location Powered Solutions(TM) built around three enabling technologies -- Global Positioning System (GPS), Geographic Information Systems (GIS) and Mobile Computing. LinksPoint gives enterprise customers unprecedented control over mobile operations through its solutions for vehicle tracking, navigation and field data collection.

LinksPoint's products are used by organizations in distribution, transportation, utilities and government. LinksPoint also makes specialized GPS receivers for the two leading rugged handheld mobile computer manufacturers. The Company's products are sold by a network of mobile computing technology providers that integrate LinksPoint's GPS technology to add industry-leading location capabilities to their mobile solutions.

The market for GPS technology will reach $22 billion worldwide in 2008, according to ABI, a New York-based technology market research firm.

Emilian Elefteratos, Chief Executive Officer and President of SiVault Systems, said, "The addition of LinksPoint's leading-edge location-powered technologies will vastly expand SiVault Systems' ability to provide a total solution for mobile operations in a wide range of sectors from distribution and transportation to government services -- offering high-value non-repudiation capabilities as well as tracking, navigation and field data collection."

"Much of the real value of GPS for enterprises stems from the geographic verification of worker activity and transactions," said Strite H. Potter, LinksPoint's President. "Combining SiVault Systems' authentication services and LinksPoint's location-powered technologies creates a unique and powerful platform for enterprise customers to gain even greater control and security over their operations in the field. Now organizations can know with confidence where, when, and by whom business was conducted."

About SiVault Systems

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 site at http://www.sivault.com.

About LinksPoint

LinksPoint provides Location Powered Solutions™ built around three enabling technologies -- Global Positioning System (GPS), Geographic Information Systems (GIS) and Mobile Computing. LinksPoint delivers enterprise customers and government agencies increased efficiencies through solutions for vehicle and asset tracking, navigation, transaction validation, proof of delivery and inspection. LinksPoint technology was used by the FDNY at Ground Zero, an application that won the 2002 Exemplary System in Government Award from the Urban and Regional Information System Association (URISA). LinksPoint also designs and manufactures specialized GPS receivers for mobile computing devices and rugged handheld computers. For more information visit http://www.LinksPoint.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 a potential transaction with LinksPoint Inc. 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.

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