Bio-Tracking Security Systems Inc. Initiated Merger Talks With VoIP International Carrier

MONTREAL--Nov. 4, 2004--Bio-Tracking Security Systems Inc., (NASD OTC Bulletin Board: BTSI), a designer and manufacturer of vehicle asset tracking and security systems, announced today that it has initiated discussions regarding a potential merger with a highly capable player in the sphere of VoIP Exchanges. The potential acquisition consists of a recently launched international VoIP telecommunications carrier managed by a highly experienced team with a proven track record. Terms being discussed include executing the transaction for a yet to be determined price in a combination of cash and restricted common stock.

"We are excited about the prospect of entering into the Voice Over IP market with a team of people who were able to achieve remarkable past annual growth within the industry, stated Bio-Tracking Security Systems Inc.'s new President, Angelo Martelli. "The discussions, thus far, have focused upon the acquisition target's core business development and acquisition plans, and how these will enable the Company to achieve its goals and objectives aimed to take it to the expected levels of success. The depth of the management and marketing expertise, as well as the creativity demonstrated in terms of positioning the Company for strategic international call routes is anticipated to bring increased value to the enterprise. The company approached has demonstrated its ability to secure significant communications routes and VoIP provider assets. Additional benefits may result from potential strategic alliances with significant companies within the international calling card business. The business plan is consistent with a strategic direction of focusing on increasing margins and profits and generating additional value for shareholders. Today's announcement is further proof of the commitment to building a strong revenue base while containing costs through the acquisition of a well-managed company. Combining forces that can attract and aggregate a myriad of small but profitable companies could further reduce operating costs via economies of scale, eliminating redundancies and leveraging synergies via operations, resources and systems, thereby generating more net earnings. "

About Bio-Tracking Security Systems, Inc.

Bio-Tracking Security Systems Inc. of Montreal, Quebec, designs and manufactures vehicle asset tracking and security systems, based on patent pending, Inertial Navigation, Biometric Fingerprint Identification and Spread Spectrum Communication technologies.

The Bio Tracking Security's proprietary technology precisely determines if a person is an authorized user of a vehicle or any other piece of equipment protected by Bio-Tracking. Our proprietary Biometric Fingerprint ID is a technology unmatched and amazingly reliable.

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A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions