Eric Dunn Press Release

Former Intuit CTO Eric Dunn joins ViVOtech's Board of Advisors.

Finance industry veteran will provide guidance on product and market strategy

Los Altos, CA, Oct 30th, 2001 --- ViVOtech Inc., a leader in mobile e-commerce solutions based on existing merchant systems, today announced that Eric Dunn, the former chief technology officer of Intuit Corporation (NASDAQ:INTU), has joined its board of advisors.

Jorge Fernandes, CEO and co-founder of ViVOtech, said "Eric's extensive experience and intimate understanding of the consumer electronic financial market will provide ViVOtech invaluable guidance on product development and market strategy."

Dunn had a 14-year career with Intuit that included roles as CFO, Quicken software architect, vice president International, general manager of the Quicken and online banking businesses, and senior vice president of technology and CTO.

Dunn was also CEO of Venture Finance Software Company (VFSC), a $50 million R&D-oriented joint venture created by Intuit to develop and commercialize Web-based consumer financial services. He is currently a private investor with a focus on payment and commerce systems.

'"ViVOtech's products have the potential to significantly accelerate the market adoption of offline wireless payment systems," Dunn said. "I believe this technology could propel ViVOtech into a leading position for e-payments at the brick and mortar merchant."

A summa cum laude graduate of Harvard with an A.B. in physics, Eric also earned an M.B.A. from the Harvard Business School and graduated as a Baker Scholar.

About ViVOtech, Inc.
"We turn cell phones into consumer payment devices."

ViVOtech develops both hardware and software solutions to facilitate anytime anywhere commerce using mobile devices. ViVOtech is focused on the physical merchant transactions using credit cards, where over 21 million merchants generate in excess of two trillion dollars in yearly sales worldwide.

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