Don Kingsborough Named to Board of Directors of ViVOtech

SANTA CLARA, Calif. – October 29, 2008 – Silicon Valley-based ViVOtech, the leader in Near Field Communication (NFC) mobile payment and promotions and contactless payment systems, today announced that Don Kingsborough has been named to its Board of Directors. Currently the chief executive officer and founder of Blackhawk Network, Kingsborough brings more than 25 years of technology leadership and innovation to ViVOtech.

“I am very pleased to welcome Don to the ViVOtech board of directors,” said Michael Mullagh, ViVOtech’s CEO. “With his more than two decades of experience in developing and marketing consumer products at prominent, category-leading companies, Don brings a wealth of knowledge to the ViVOtech board and we will benefit from his retail and payment industry expertise as we continue to build the foremost worldwide enabler of contactless payment on cards and mobile phones."

Donald Kingsborough founded Blackhawk Network in 2001. Since that time, he has established Blackhawk Network as the definitive leader in sales of third-party prepaid card products. Prior to establishing Blackhawk Network, Mr. Kingsborough founded and served as chief executive officer of toy manufacturer Worlds of Wonder, Inc., where he created a multi-million-dollar new industry category and propelled this start-up business to one of the nation’s fastest growing companies in just two years achieving more than $320 million revenue in the company’s second year. Earlier in his career, Kingsborough led the consumer products division at Atari Corporation where he led the introduction of the sales phenomenon Nintendo to America growing sales from zero to more than $2 billion in four years.

“I believe that contactless and mobile payments and marketing will form the next major technology wave in our industry, bringing significant benefits to consumers, retailers, payments provider and wireless operators,” said Donald Kingsborough, CEO and founder of Blackhawk Network. “ViVOtech has an established and well earned reputation as the leading enabler of this space – with innovative products and leading share both at the POS and for the Mobile.  I share ViVOtech’s vision and believe the company has put in place a great team of management, investors and partners. I am delighted to join this team as a member of the Board help provide them the benefit of my experience in evangelizing and commercializing innovative payments technologies and services capabilities in the retail sector.”

"Don Kingsborough has created multiple successful businesses in his career," said David Ezequelle, Venture partner at Alloy Ventures. "Don brings a wealth of first hand knowledge as a start up entrepreneur and has achieved unparalleled success at Blackhawk Network. I am thrilled to have Don join the Board of Directors of ViVOtech and look forward to his counsel and advice as we work together with the management team and the rest of the Board to execute on our growth strategy."

Mr. Kingsborough has been recognized for his many outstanding career achievements, including Venture Magazine’s Entrepreneur of the Year Award and the Outstanding Contribution Award for the Private Sector from President Ronald Reagan. His marketing achievements have been chronicled in the Harvard Business Review and numerous business books.

About ViVOtech

ViVOtech (www.vivotech.com) is the market leader in Near Field Communication (NFC) mobile payments, promotions and Over-the-Air (OTA) provisioning infrastructure software, transaction management software, NFC smart posters, and contactless terminals. These innovative solutions allow millions of consumers to make contactless payments with radio frequency-enabled credit/debit cards, fobs and NFC mobile phones. ViVOtech's products are used by the most prominent retailers all over the globe and today the company has shipped over 450,000 contactless terminals to more than 33 countries worldwide. In 2007 & 2008, ViVOtech has been named #1 in ABI Research’s Contactless & NFC Reader Ranking Report. ViVOtech was also recognized as Top Contactless Payment Technology Vendor in Aberdeen Group’s “Retail Contactless Payment Report.” ViVOtech has received strategic investments from First Data Corporation, a leading provider of electronic and payment solutions for businesses worldwide, Citi, the leading global financial services company, NCR Corporation, a leading global technology company helping businesses build stronger relationship with their customers and Motorola, known globally for innovation and leadership in wireless and broadband communications.