LOS ANGELES--- Charles Caporale Named Chief Financial Officer of Innovative Card Technologies The Former CFO and SVP of New Hori

Innovative Card Technologies, Inc. (NASDAQ:INVC), developers of the breakthrough ICT DisplayCard security device for e-banking, e-commerce and data access, today announced that Charles Caporale has joined the company as Chief Financial Officer effective October 29, 2007. Caporale replaces Bennet P. Tchaikovsky, who will serve as consultant to Innovative Card Technologies during the transition.

A seasoned CFO, Caporale comes to InCard most recently from New Horizons Computer Learning Centers, where he worked alongside Steven R. Delcarson, who was recently appointed Chief Executive Officer of Innovative Card Technologies. Caporale served as Senior Vice President and CFO of New Horizons from February 2006 until August of this year.

“Cap brings established talent and skills in both finance and business leadership, and I am glad to be working with him again. I am confident that his financial leadership skills will be a valuable contribution across departments,” said Delcarson. “I thank Bennet for his three plus years of service with the company and appreciate his support during the transition.”

Caporale’s experience includes serving as an independent financial and accounting consultant for clients in Southern California. He also served as Vice President, Chief Financial Officer, Treasurer and Secretary of Women First Healthcare from September 2000 to October 2003, and as Senior Vice President, Chief Financial Officer and Treasurer of The Centris Group, Inc. from July 1997 until April 2000. Caporale holds a B.B.A. in accounting from Pace University.

“I am thrilled to again be working alongside Steve, and to be a part of the forward-thinking management team that is bringing a revolutionary new technology, display-bearing cards, first to market,” said Caporale. “I am eager to lend my expertise to the company during this exciting time of early market adoption of this vitally important new security device.”

About Innovative Card Technologies

Innovative Card Technologies (NASDAQ: INVC) was founded in 1993 to add functionalities to payment cards. InCard’s suite of ICT DisplayCards enable dual-factor authentication in a convenient card form. The cards can be configured to offer RFID physical access or payment capabilities, and feature a screen powered by an integrated battery, circuit, and switch. This screen displays a one-time password to verify the presence of the card during online and voice transactions or data systems login. Www.incardtech.com.