Dennis Chantland Press Release

Dennis Chantland, Former Chief Administrative Officer (CAO), Williams Sonoma and Mervyn's, joins ViVOtech's board of advisors

Retail Industry Veteran will provide guidance in retail strategies, market penetration

Los Altos, CA, Jan 8, 2002 --- ViVOtech Inc., a leader in mobile electronic payment systems, today announced that Dennis Chantland, the former Chief Administrative Officer, Williams Sonoma Corporation (NYSE: WSM), and Mervyn's, a division of target Corporation (NYSE:TGT), has joined its board of advisors.

"With ViVOtech's rapid growth, the addition of Mr. Chantland to our Board of Advisors is critical in structuring winning retailer strategies," said Mohammad Khan, President and COO of ViVOtech, "Mr. Chantland's intimate understanding of large retail operations will facilitate ViVOtech to clearly describe its values proposition to retailers." He added, "Mr. Chantland joins a world-class board consisting of senior executives from the credit, banking and consumer markets."

Mr. Chantland brings over 30 years of senior experience in operations, distribution, retail and e-commerce to ViVOtech. Until 1999 Dennis served as Executive Vice-President and Chief Administrative Officer at Williams Sonoma (NYSE:WSM). During his tenure at Williams-Sonoma, Dennis had a pivotal role in creating and launching the specialty retailer's first major e-commerce initiative (www.williams-sonoma.com).

"ViVOtech has a winning value proposition to retailers based on enhanced personalization of services, faster check-out, and added security," Dennis said. "I look forward to working with the management team to help make this potential a reality."

Before his tenure at Williams Sonoma, for seventeen years Dennis held several senior executive positions at Target Corporation, America's fourth largest general merchandise retailer with operating brand names as Mervyn's, Marshal Fields and Target. Dennis has an MBA in Finance and has served on several boards, including the Arthritis Foundation of Boston and San Francisco and the Skagg's Retail Institute at Brigham Young University.

About ViVOtech, Inc.
"We turn cell phones into easy-to-use consumer payment machines"

ViVOtech leverages the proliferation of cellphones into existing brick and mortar financial infrastructure. ViVOtech's patent-pending technologies enable enterprises to facilitate customers anytime, anywhere payment transactions through standard cellphones. ViVOtech provides these benefits without requiring any changes in the existing merchant point-of-sale infrastructure or in merchant behavior.

For More Information Contact:
Marcelo de Lima, ViVOtech, Inc.
Phone: (650) 776-7109
mlima@vivotech.com