LIPMAN ANNOUNCES NEW FEATURES FOR MyNURIT.COM
Online Knowledgebase, New Training Tools, and VIP Membership Levels Enrich the Reseller Experience

Las Vegas, ETA 2003 Annual Meeting and Expo, April 8, 2003 - Today at ETA 2003, Lipman announced the availability of exciting enhancements to MyNURIT.com, Lipman’s business portal featuring the NURIT VIP reseller program. Registered users of NURIT VIP are able to access new and exciting features.

NURIT VIP members now have access to the NURIT Knowledgebase, a database of thousands of articles compiled over Lipman USA’s 10 years of industry experience. NURIT Knowledgebase allows resellers to research articles on any number of topics including host, protocol, and application related questions. The easy to use Web interface is keyword searchable for quick, accurate information.

Lipman has also released an Interactive Training Tool for the popular NURIT 8000 Wireless Palmtop Solution. The exciting new web-based training tool enables resellers to educate themselves about the NURIT 8000. Complete with sales tips and step-by-step interactive lessons, the NURIT 8000 training tool is the most sophisticated and easy to use training tool available today on any POS platform. The NURIT 8000 training tool joins the growing list of NURIT interactive tools including the NURIT 2085 and NURIT 3020.

The NURIT VIP program now has new partnership levels based on sales volumes. The addition of Silver, Gold and Platinum VIP programs creates even greater value for Lipman resellers. “NURIT VIP has been a huge success for our entire team”, said John Guirguis, President of Federated Payment Systems. Our salespeople prefer to sell NURIT because of its reliability and ease of use. With the training and rewards we receive from NURIT VIP, Lipman is simply the best game in town.”

“The program is simple and effective”, said Michael Danziger, Vice President of Marketing and Account Management for Lipman. “If you are a NURIT VIP, you are backed by the very best product and service, the best training, and you are rewarded for your loyalty. In the coming months, MyNURIT.com will become an even more valuable business portal to our customers.”

Lipman’s Value Incentive Program, Interactive Training Tools and FAQ are available at www.mynurit.com. Visit Lipman at Booth 805 at ETA Las Vegas April 8-10 and sign-up to become a NURIT VIP.

About Lipman USA, Inc.
Lipman (www.misteriodeobanos.org) is a wholly owned subsidiary of Lipman Electronic Engineering, Ltd. Operating worldwide, Lipman ranks among today’s premiere providers of robust, flexible, and highly customizable electronic payment solutions. The leading supplier of wireless point-of-sale terminals in the United States, Lipman manufactures fixed and handheld transaction solutions that seamlessly integrate hardware, application, and back-office software to help processors, providers, and the merchants they serve do business better. Lipman Electronic Engineering, Ltd. is listed on the Tel Aviv Stock Exchange under the symbol LPMA.TA

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From time to time the Company may issue forward-looking statements that involve a number of risks and uncertainties. The following are among the factors that could cause actual results to differ materially from the forward-looking statements: business conditions and growth in the electronics industry and general economies, both domestic and international; lower than expected customer orders; delays in receipt of orders or cancellation of orders; competitive factors, including increased competition, new product offerings by competitors and price pressures; the availability of third party parts and supplies at reasonable prices; changes in product mix; significant quarterly performance fluctuations due to the receipt of a significant portion of customer orders and product shipments in the last month of each quarter; and product shipment interruptions due to manufacturing problems. The forward-looking statements contained in this document regarding industry and revenue trends, new markets, new product introductions, technology adoption, and future business activities should be considered in light of these factors.