Press Release

TROY Offers Paper 'Presenter' For HP LaserJet and TROY Printers

Unique & Reliable Delivery of Printed Page in Automated Environments

SANTA ANA, Calif., March 15, 1999-TROY Systems International, Inc., one of the world leaders in MICR (magnetic ink character recognition) check printing technology, today announced the TROY Paper Presenter, an accessory that offers "immediate fulfillment" printing functionality for Hewlett-Packard LaserJet printers and TROY printers used in automated environments such as unattended retail kiosks.

The TROY Paper Presenter provides realtime delivery of electronic documents on a printed page. Designed for special paper-handling requirements beyond a printer's normal output tray, the lightweight, motorized attachment extends a printer's output reach. The device, less than two inches in height, makes it possible to use a printer safely inside an enclosure with other computer equipment and still deliver a printed page outside the barrier.

The TROY Paper Presenter is used on HP LaserJet and TROY printers in kiosks and other hidden printer applications offering the ability to reliably deliver a printed page, or several pages, into the hands of a requester, all while keeping the printer secure. Appropriate environments for TROY's Paper Presenter include:

In addition, public kiosks can provide convenient access to the Internet away from office or home, enabling 'Net surfers to obtain hardcopy output of job application forms, product information, book reviews, restaurant menus and more.

The TROY Paper Presenter's motor delivers the paper at the proper angle with no dependence on gravity, and the independent power supply doesn't drain printer resources or affect throughput. Installation is easy-no tools and no disassembly of the printer required.

"Automated printing operations necessitate reliability," said Robert S. Messina, TROY Systems president. "The TROY Paper Presenter enables our customers to protect their printing systems in an enclosure or under a counter, yet deliver printed lists, verification information, even checks from loan authorizations-the possibilities are endless."

Priced at $229, the TROY Paper Presenter will be available in April.

Its low profile adds minimal height to the printer. Dimensions-Height: 1.5 in.; Weight: 0.8 lbs.

In addition to the TROY Paper Presenter, TROY offers a wide range of business printing solutions in print speeds and duty cycles to fit typical corporate needs. From supplies and font and toner kits used in printers, to top-of-the-line, fully secure MICR printers, TROY has the best available combination of features and other special business printing options.

Used in more than 55 countries worldwide, TROY's on-demand, financial document solutions have set the world standard for more than 30 years. Since 1993, TROY has served as the vendor of choice in providing MICR solutions for Hewlett-Packard.

TROY Systems International, Inc. is based in Santa Ana, Calif. A full-service MICR supplier, TROY maintains a worldwide leadership position in MICR technology and computerized MICR printing systems. The company's products are available in the United States through TROY value-added resellers and major distributors. For more information, contact TROY at 949/250-3280 or 800/944-6757. E-Mail: [email protected] Internet: www.troygroup.com.

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(NOTE: Portions of this release contain what might be regarded as forward-looking statements. The Company's actual results could differ materially from the results discussed in this release. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, risks related to delays in product development and new product introductions, rapidly changing technology and competitive environments, foreign operations, and general economic conditions. Each of these factors, and other important risk factors, are discussed in the Company's public filings with the United States Securities and Exchange Commission {SEC}. These reports are available from the Company by calling our investor relations hotline at 949/250-3280 or by contacting the Company by email at [email protected] The Company's SEC filings are also available on the SEC Web site at www.sec.gov.)

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