Scanbuy Announces Addition to Its Board of Directors

Dennis Carey Newest Member of Leadership Team.

NEW YORK -- Scanbuy, Inc. (www.scanbuy.com), the global leader in mobile barcode solutions, announced the addition of Dennis Carey of Korn/Ferry International as its newest member to the company's board of directors. Carey joins Scanbuy's board of directors on the heels of its recent appointment of Mike Wehrs as interim CEO and President.

"The Board is pleased to have Dennis as its newest member to further guide Scanbuy as the company continues to expand its market position," said Wehrs, CEO and president of Scanbuy. "Mobile barcodes are now a significant part of the consideration pool for brands, agencies, retailers and marketers to easily connect their media to mobile content."

Dennis Carey is currently Vice Chairman at Korn/Ferry International and specializes in the recruitment of CEOs and corporate directors for Fortune 500 companies. In recent years, Mr. Carey has conducted searches for the current CEOs of 3M, Tyco International and MCI, among others. Dennis also has conducted board director searches for dozens of companies, including American Express, CBS, Tyco International, GlaxoSmithKline, Goldman Sachs and Merrill Lynch. Mr. Carey serves as a director of AirClic, The Edgewater Funds and Wharton's Director's Institute, which he co-founded. He also has published three books: CEO Succession, The Human Side of M&A and How to Run a Company.

"I'm thrilled to join Scanbuy's Board of Directors to further fuel the company's leadership position in providing mobile barcode solutions worldwide," said Carey. "I look forward to working with the entire Board to develop strategies for the year ahead."

Dennis joins Scanbuy Directors Bill Carson, Stephen Smith, Simon Pelman, Mike Wehrs and observer, Tony Palcheck.

About Scanbuy

Scanbuy is the leading global provider of mobile barcode solutions that use the camera phone as the link between the physical world and the digital world. The ScanLife solution consists of a multi-barcode reader application and interoperable Code Management Platform. The technology has been successfully deployed and supported by leading mobile providers and handset manufacturers in the United States, Mexico, Chile, Spain, Italy and Denmark. Media companies and marketers use the solution to create and manage measurable 2D barcode campaigns, extending brand engagement onto mobile devices.

Scanbuy has the largest and oldest patent portfolio of any company in the industry, with over 30 patents granted covering the entire solution. The company's investors include Motorola Ventures, Hudson Ventures, Masthead Venture Partners, and Longworth Venture Partners.

For more information on Scanbuy, please visit www.scanbuy.com or www.scanlife.com.