International Bank Adopts Bioscrypt’s V-Station Finger Scan Reader

Toronto, ON -- May 5, 2005

International Bank Adopts Bioscrypt’s V-Station Finger Scan Reader
Reliance High-Tech Installs Biometric Technology Across Corporate Network

Toronto, ON (May 5, 2005) - Bioscrypt Inc. (TSX: BYT), a leading provider of identity verification technology, announced today that it has been deploying Bioscrypt V-Station readers across a well known international bank’s network to strengthen security to restricted areas.

“The addition of Bioscrypt’s biometric verification technology to the bank’s access control system is further evidence of our commitment to providing advanced technology to secure our clients assets,” said a spokesperson for the bank. “Bioscrypt’s ability to integrate across our flat IP network, allowing for remote enrolment and ease of administration, was a ‘value add’ factor in our planning process.”

“We are pleased to be adding a Fortune 500 company, and one of the world’s most recognized brands, to our family of users,” stated Robert Williams, President and CEO, Bioscrypt. “The recent installation in a large financial institution, clearly demonstrates the continuing adoption of biometric technology for identity verification. The ability for individuals to gain access to areas where they do not have proper clearance simply because they have a credential or know a password should no longer occur. It is critical to authenticate the credential or password is being used only by the authorized individual.”

About Reliance Security Group

Reliance is an established market leader in the provision of contract security, facilities management and support services and in business process outsourcing.  Reliance employs over 12,000 people from a network of offices throughout the UK. For more information, visit the Reliance Group Web site at http://www.reliancesecurity.co.uk/index.asp .

About Bioscrypt Inc.

Bioscrypt Inc. is a leading provider of identity verification technology. The Company's solutions combine the convenience of touch with the high security of fingerprint-based biometrics for simple and secure access to facilities, equipment and information. Using the "bioscrypt on board™" brand, the Company offers packaged products, OEM components and software licensing to leading security solution manufacturers and integrators worldwide for physical, wireless and network security applications. Among the many leading edge companies and partners using Bioscrypt technology are the U.S. Army, NASA, American Express, the New York Police Department, Kronos, NATO, Continental Airlines, Intel, Atmel, HID Corporation, Honeywell and Northern Computers. Bioscrypt's patented technology is interoperable with leading fingerprint sensors and is both platform and operating system independent. Bioscrypt is traded on the Toronto Stock Exchange under the symbol BYT. For more information, visit the Bioscrypt Web site at www.bioscrypt.com .


Forward-looking (safe harbour) statement

 Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes", "plans", "expects" or "intends" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

Bioscrypt Inc., Bioscrypt and V-Smart, are trademarks of Bioscrypt Inc. All other trademarks or registered trademarks referenced herein are properties of their respective owners.

For more information, contact:

Matthew Bogart
Bioscrypt Inc.
905-624-7717