Default Proof Credit Card System Inc. Announces Timely Completion of its Web Site Domain Name UBUYDEBITCARDS.COM - Patent Pending.

MIAMI--(BUSINESS WIRE)--March 23, 1999--Default Proof Credit Card System Inc. (OTC BB:DPRS), announced Tuesday the timely completion of its Web Site Domain Name UBUYDEBITCARDS.COM(tm)(c)(Patent Pending), developed to provide the most private, safe and reliable way for users of debit cards to obtain them through the convenience and speed of the Internet.

This prepaid stored value debit card, purchased and paid through the Internet, can be used for merchandise purchases, and to secure cash advances from ATMs by entering a personal PIN number at the point of sale. It will not require new POS terminals.

The consumer buys and pays through the Internet the prepaid stored value for the debit card with an initial balance decided and designed by the applicant ($300 minimum, $5000 maximum) with a click of the mouse.

Consumers will be able to purchase a prepaid stored value debit card from the privacy of his/her residence or office by visiting the ubuydebitcards.com(tm)(c)(Patent Pending) Web Site. Purchasers will answer only three or four questions: the amount of balance desired for the new debit card, how the payment for this balance will reach the issuer (transfer from a bank account or charged to a credit card or to another bank card) and security related questions. From this point on, the applicant will continue dealing in absolute privacy and confidentiality with the issuing bank or financial institution.

The ubuydebitcards.com(tm)(c)(Pantent Pending) program will provide almost instant approval. Turn Downs would be asked to change the method of payment and to re-apply. Once approved, the issuing bank will follow the purchaser's instructions for delivery of the debit card.

When the card is used up it can be reloaded. More than one card can be issued to any purchaser. A processing fee, similar to the fee charged for travelers checks will be deducted from the prepaid balance of the stored value card at issue.

Default Proof Credit Card System Inc. has received satisfactory comments and favorable reception in both of the exploratory presentations made to two financial institutions. Additional pages will be added to the Web Site translating the program to different foreign languages like Spanish, Japanese, German, etc.

The company is confident that the ease and safety of this new way to obtain a debit card that soon will be offered through the Internet will appeal to millions of consumers who for whatever reason do not have a card now. The confidentiality will appeal to all; however, the Sub Prime market will have a convenient, speedy way to obtain a debit card, where no credit report, employment or income information are required.

The company reminds the reader that there is no assurance of a successful impact of this new method and system patent pending and that this release contains forward looking statements of the company and that a variety of factors could cause results to differ from the anticipated or the expectations expressed.