iCache Named One of New England's 40 Hot Young Companies

Cambridge, MA - November 20, 2006 - iCache, a pioneer in the development of groundbreaking software that transforms mobile devices into ultra secure digital wallets, today announced that iCache has been named one of New England's "hottest" young companies by youngStartup Ventures, host of The 2006 New England Venture Summit. As a result of this honor, iCache President Jack Harvey will present iCache's business model to Venture Capital Firms as part of the 2006 New England Venture Summit.

The New England Venture Summit is an exclusive investment conference uniting venture capital and innovation. The summit, which features VC and entrepreneur panel discussions, live company presentations, interactive workshops and networking, attracts senior level executives from a variety of industries including: Internet, Wireless, Software, Medical Devices, Clean Energy, New Media, Life Sciences, Biopharmaceuticals, Infrastructure, Networking, Technology, E-Commerce, Professional Services, Investment and Venture Capital.

The conference is an invaluable industry gathering for investors seeking access to early stage deals, as well as for CEO's of Founders of a new venture seeking funding, visibility, and growth.

Who: Jonathan Ramaci, CEO and Founder, iCache Jack Harvey, President, iCache

What: The New England Venture Summit When: Tuesday November 28, 2006, 8 a.m. - 5 p.m. ET

Where: The Marriott Burlington, MA Rt. 128 & 3A (One Mall Road) Burlington, Massachusetts 01803

Mr. Harvey will explain how iCache addresses the need for secure payment and individual, portable data systems. The presentation will detail how the iCache application works with existing point of sale infrastructure while simultaneously adding exceptional functionality, security, and cost effectiveness for consumers, financial institutions, and merchants.

"It is an honor for us to be selected to speak at such a prestigious event as the New England Venture Summit," said iCache Founder and CEO, Jonathan Ramaci. "Prevailing conditions in today's market have created a need for a solution that addresses the issues solved by iCache. We appreciate the opportunity to explain how iCache will address these issues, while helping financial institutions reach "top of wallet" position, aiding those merchants seeking accurate and efficient consumer processing systems, and empowering consumers."

About iCache: iCache is the emerging leader in the development of groundbreaking software and hardware which transforms mobile devices into ultra secure digital commerce platforms. iCache is capitalizing on the growing adoption of RFID-enabled payment solutions and the need for secure payment and individual data transfer systems. The company's iCache software and hardware solution builds on emerging platforms while adding significant new functionality, security, and cost effectiveness for consumers, financial institutions, and merchants.

Media Contact: Jason Magner PAN Communications 978-474-1900 icache@pancomm.com