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October 27, 2003 SUMMARY:

Partnership Announcement - Squirrel Systems & CompuWave Technologies

FOR IMMEDIATE RELEASE . .

Vancouver – Squirrel Systems ( www.Squirrelsystems.com ) is pleased to announce that they have entered into an agreement with CompuWave Technologies Inc. ( www.compuwave.net ) to deliver hand-held point-of-sale solutions to the restaurant industry. Using Squirrel's newly developed Gateway API, Squirrel and CompuWave are integrating the award winning Squirrel for Windows point of sale solution, with CompuWave's Wireless POS solution.

The concept of using handheld devices in the food and beverage industry is nothing new, while the latest technological advances of open embedded OS, PDA and wireless technologies offer a brand new ground from which the new generation of handheld applications can be built; with much improved functionalities and reduced cost.

“CompuWave has devoted itself to the development of PocketPC based POS systems since 1996. Our multi-threaded Middleware Server is developed to address several shortcomings of today's WLAN framework,” says Dr. Wilson Chao , CEO of CompuWave Technologies. “The middleware provides an extremely efficient, secure, reliable and scalable real-time application environment. The three-tier software architecture offers CompuWave's handheld systems with the unique offline functioning capability and provides seamless integration to third party POS systems.

Working in conjunction with the latest Squirrel systems, the benefits of additional dynamic mobile terminals are obvious and immediate. It provides a fully integrated solution for best security, operation efficiency and offers new services opportunities previously not accessible. We are witnessing a wireless and handheld revolution today, and I certainly believe the F&B industry is one of the industries that will be benefited most.”

States Barry Logan, President of Squirrel Systems, “Squirrel is excited about the additional potential that the CompuWave relationship adds to our growth. The real time emphasis fits Squirrel's architectural demands to a tee and provides another order entry gateway to our core infrastructure. Squirrel's API gateway supports the CompuWave middleware meaning that the end user can adapt a wireless handheld unit to their Squirrel configuration with little effort. This option adds even more flexibility to the Squirrel solution.”

About CompuWave Technologies Inc.

CompuWave Technologies Inc. was founded in August 1996. The company launched one of the earliest Microsoft Windows 32bit networking system and CE (PocketPC) based F&B ordering system in the North America . With the knowledge that product quality, market differentiation, and in-time release are critical factors for IT business success, CompuWave has devoted itself to project planning and development using the most up-to-date software engineering tools.

Today, the company is an industry leader in providing wireless PocketPC based solutions. CompuWave is a certified Microsoft Solution Provider and has established a strong position in the wireless POS industry. Our alliance with Symbol Technologies (US), a global leader in mobile data management systems, promises that the most advanced wireless solutions are available to hospitality operators. With many exciting new products under development, CompuWave is poised for rapid expansion into un-tapped markets of new geographical territories.

About Squirrel Systems

Squirrel Systems is a leading total solutions provider of management systems for independent and chain establishments, including restaurants and food and beverage operations in hotels, resorts and clubs. Headquartered in Vancouver , Squirrel Systems and Squirrel Systems Canada are privately held companies. In its 15 years of profitable operation Squirrel has earned a reputation for innovation and excellence by meeting and exceeding the needs of over 10,000 customers with 50,000 installed Squirrel workstations. As the first company to introduce touch-screen ordering into the restaurant market, it has a long track record as an innovator. To learn more about Squirrel, visit www.Squirrelsystems.com.

MEDIA CONTACTS

Linda Gillis
Director, Marketing
Squirrel Systems
Tel: 604.412.3300
Email: lgillis@Squirrelsystems.com

Adam Liao
Director of Wireless Systems
CompuWave Technologies Inc.
Tel: 604.606.0670 Ext.117
Email: adam@compuwave.net

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