DataLogic Consulting Receives VoIP Video Conferencing Application Development Contracts

DataLogic Consulting Receives VoIP Video Conferencing Application Development
Contracts 


IRVINE, Calif., Dec. 10  /PRNewswire-FirstCall/ -- DataLogic International, Inc.
(OTC Bulletin Board: DLGI; Berlin Stock Exchange: 779612) today announced that
it has signed two VoIP Video Conferencing application development contracts with
Epic Financial Corp.  (BULLETIN BOARD: EPFL)  and Paramco Financial Group 
(BULLETIN BOARD: PFDE) .

The contracts call for DataLogic to perform research and development,
consulting, software programming, developing and licensing the mortgage-
industry specific VoIP Video Conferencing application.  Combined, the new
contracts will bring DataLogic an additional $200,000 in future revenues.

Once development is complete, Paramco Financial and Epic Financial plan to
deploy the system to their respective mortgage business subsidiaries, such as
Epic's Key Mortgage Corp., and Paramco's Royal Federal, Inc.  The proprietary
system will allow mortgage customers, bankers, loan underwriters, and mortgage
vendors to communicate "virtually" face-to-face through the video conferencing
system.

"The signing of these two contracts came at the most significant time in our
VoIP business.  Together with our IP-Phones and upcoming Video Conferencing
application development, we're set to get in on the ground floor of the fast
growing Video Conferencing market.  Once the application has been developed, it
will be transferable and marketable to other commercial applications as well,"
commented Derek Nguyen, Chairman and CEO, DataLogic International, Inc.

About DataLogic International Inc.

DataLogic International, Inc. consists of two subsidiaries, DataLogic
Consulting, Inc. and IPN Communications, Inc.  DataLogic Consulting, a wholly-
owned subsidiary, is a professional service company dedicated to solving its
clients' business problems with technology-based solutions.  The Company
services include Information Technology consultancy, project management,
software development, Internet solutions, telecommunications/wireless
integration, value added reselling/training and IT outsourcing.  The Company
also provides short and long term staffing solutions to IT clients and
healthcare/medical providers.  The Company clients consist of commercial
enterprises and local and state governments.

Among the industries that DataLogic serves include Communications, Energy,
Financial, Government, Healthcare, Manufacturing, Retail and Transportation. A
partial list of the Company's current and previous clients include Alcon Labs,
Amgen, Boeing, Compaq Computer, Cisco Systems, City of Houston, Commonwealth of
Virginia, FDNY, FedEx, IBM Corp., International Paper, Kiboga Systems, Orange
County Transportation Authority (OCTA), PacifiCare/RX Solutions, Phillips
Petroleum, Prudential Healthcare, State of North Carolina, State of Rhode
Island, SAS Institute and Sun Microsystems.

IPN Communications, Inc, a majority-owned subsidiary, is a provider of voice
over Internet protocol (VoIP) telephony product and services.  The company
target markets are consumers and business users worldwide who seek to reduce
communication costs.  IPN product suite includes USB and Ethernet based VoIP
phones and turn key servers that support in-network VoIP calling and VoIP to
public-switch telephone network (PSTN).  For more information on IPN
Communications, Inc., go to http://www.ipncom.com/ .

For more information on DataLogic International, Inc., go to
http://www.dlgi.com/ or contact Investor Relations at  or [phone].

About Epic Financial Corporation

Epic Financial Corporation (OTC:EPFL) (BULLETIN BOARD: EPFL)  is a financial
services and technology holding company focused on acquiring and investing in
established and high-growth financial services enterprises and technology
companies in the Internet, software, and technology infrastructure fields. The
Company currently has two wholly-owned subsidiaries, American National Mortgage
and Key Mortgage Corporation, and is in the process of acquiring Mission Equity.
 For further information please visit our website at http://www.4epic.com/ .

About Paramco Financial Group

Paramco Financial Group (OTC:PFDE) (BULLETIN BOARD: PFDE) , founded in 1996, is
a financial services holding company that specializes in the development and
placement of commercial equipment leasing transactions and in assisting its
clients with their capital formation needs.  In 2001, Paramco began a major
vertical expansion effort to enter into the residential and commercial mortgage
industry, the mortgage warehouse lending business and the business of real
estate investments through Paramco Mortgage Corporation and Paramco Investments,
Inc.  Paramco Mortgage Corporation intends to be involved in residential and
commercial mortgage financing.  It is further intended that Paramco Investments
will be structured to meet the statutory requirements for qualification as a
REIT and be involved in both the ownership and finance of real estate.  For
further information about Paramco Financial Group, Inc., please visit
http://www.paramco.net/ .

This release contains forward-looking statements within the meaning of Section
27a of the Securities Act of 1933, as amended and section 21e of the Securities
and Exchange Act of 1934, as amended.  Those statements include the intent,
belief or current expectations of the company and its management team.
Prospective investors are cautioned that any such forward-looking statements are
not guarantees of future performance and involve risks and uncertainties, and
that actual results may differ materially from those projected in the
forward-looking statements as a result of various factors.  Accomplishing the
strategy described herein is significantly dependent upon numerous factors, many
that are not in management's control.  Some of these factors include the ability
of the company to raise sufficient capital, attract qualified management,
attract new customers and effectively compete against similar companies. 

DATASOURCE: DataLogic International Inc.



CONTACT:  Investor Relations of DataLogic International Inc.,

[phone],  



Web site:  http://www.paramco.net/ 

Web site:  http://www.4epic.com/ 

Web site:  http://www.ipncom.com/ 

Web site:  http://www.dlgi.com/ 

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