Bioscrypt Ranked Canada’s Fifth Fastest Growing Company in the 2005 Deloitte Canadian Technology Fast 50 Program

Toronto, ON -- October 3, 2005

Bioscrypt Ranked Canada’s Fifth Fastest Growing Company in the 2005 Deloitte Canadian Technology Fast 50 Program
Identity Verification Technology to Enhance the Security of Buildings and Computers Propels the Company to Strong Growth

Toronto, ON (October 3, 2005) - Bioscrypt Inc. (TSX: BYT), a leading provider of identity verification technology, today announced it has been recognized as a 2005 Canadian Technology Fast 50 company, an annual ranking by Deloitte of the 50 fastest growing companies in Canada based on the percentage of growth from 2000-2004.

Having 4,724 percent revenue growth over the past five year period, Bioscrypt ranked 5th overall in the 2005 Canadian Technology Fast 50. Bioscrypt attributes this high level of growth to strong organic development and strategic acquisitions culminating in a range of offerings to address the biometric physical access control and time and attendance markets while also providing identity verification technology to mitigate threats to data security. Bioscrypt’s Door to Desktop™ strategy, a combined physical and logical access control solution that enhances security across an organization, is a platform upon which further growth can be attained.

“Making Deloitte’s Technology Fast 50 is a testament to a company’s vision that has resulted in exceptional growth over five years. Bioscrypt’s leadership team has the right stuff for growth, and Deloitte salutes their accomplishments.” said Garry Foster, National Director, Technology, Media & Telecommunications, Deloitte.

“Bioscrypt is proud to be acknowledged as one of the fastest growing technology companies in Canada,” said Robert L. Williams, President and Chief Executive Officer, Bioscrypt. “Bioscrypt’s listing on the Canadian Technology Fast 50 is evidence of our ability to deliver leading edge verification technologies that support the heightened concern over information system and facility security.”

Winners of the 15 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology companies. For more information on the Fast 50 or Fast 500 programs visit www.fast50.ca or www.fast500.com.

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 .

About Deloitte

Deloitte, one of Canada's leading professional services firms, provides audit, tax, consulting, and financial advisory services through more than 6,100 people in 47 offices. Deloitte operates in Québec as Samson Bélair/Deloitte & Touche s.e.n.c.r.l. The firm is dedicated to helping its clients and its people excel. Deloitte is the Canadian member firm of Deloitte Touche Tohmatsu. Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein. 

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