DataLogic International Secures $3 Million Financing From Laurus Funds to Support Growth and M&A Initiatives

DataLogic International Secures $3 Million Financing From Laurus
Funds to Support Growth and M&A Initiatives 


IRVINE, Calif., June 29  /PRNewswire-FirstCall/ -- DataLogic International,
Inc. (OTC Bulletin Board: DLGI; Berlin, Frankfurt Stock Exchange: 779612) today
announced that it has secured a $3 million financing facility with Laurus
Master Fund, Ltd. ("Laurus Funds") to support its organic growth and future
merger and acquisition initiatives.

The financing consisted of a $3 million secured convertible term note. The note
has a term of three years and bears an interest rate of prime plus 2%.  It is
payable in cash or equity with a conversion price of $.66, subject to certain
limitations.

In addition, DataLogic granted Laurus Funds seven-year warrants to purchase up
to 705,000 shares of the Company's common stock with 425,000, 175,000, and
105,000 shares at $.73, $.76, and $.79 respectively.

"We are delighted to have formed this strategic alliance with Laurus Funds,"
commented Derek Nguyen, DataLogic's CEO.  "By closing this transaction, we're
also one step closer to meeting the AMEX exchange requirement of $4 million in
shareholder equity, a critical requirement for us to qualify for listing on
that exchange.  Now that we have accomplished this major milestone, we will be
more active in communicating our roadmap and growth strategies to our
shareholders," Nguyen added.

DataLogic's President and CFO, Keith Nguyen, added, "This transaction gives us
the capital to support our fast growing VoIP business segment.  It also allows
us to restructure our debt and strengthen our balance sheet as we reposition
our Company in order to meet the added demands in our core businesses.  With
the support of Laurus Funds, we now have the proper financial backing to handle
more aggressive organic growth and external growth via M&A initiatives."

About DataLogic International Inc.

DataLogic International, Inc. is a technology and professional service company
dedicated to providing a wide range of Information Technology and
Communications related products and services.  For more information about
DataLogic, go to http://www.dlgi.com/ or contact Investor Relations at  or
[phone].

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 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.dlgi.com/ 

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