IDC Signs Agreement And Plan Of Merger With DataWave Systems Inc.

CONSHOHOCKEN, Pa., June 3, 2004 (PRIMEZONE) -- Integrated Data Corp. ("IDC")
announced today that it has signed an Agreement and Plan of Merger with
DataWave Systems Inc. (OTCBB:DWVSF) ("DataWave") whereby DataWave will merge
with a wholly owned subsidiary of IDC. Shareholders of DataWave will be issued
shares of IDC in exchange for all the issued and outstanding shares of DataWave.
IDC currently holds 50.07% of DataWave's shares and has been an investor in the
Company since 2002. Prior to that, IDC's principal shareholders have been
investors in DataWave since 1999. The Agreement and Plan of Merger has been
approved by the Boards of Directors of both companies. It is subject to a number
of conditions including the approval of DataWave's and IDC's shareholders and
regulatory approvals. The transaction is expected to close by December 31, 2004.

Under the terms of the agreement, DataWave shareholders will be entitled to
receive 1 share of IDC for approximately every 11 shares of DataWave. The
acquisition price, calculated and paid in shares of IDC valued at US$2.6022
each,is based upon a value of US$10 million for 100% of the equity in DataWave,
including any and all shares already owned by IDC, and US$20 million for 100% of
the equity in IDC. The final consideration is subject to adjustment and will be
based on an independent valuation and a Fairness Opinion received from
Evans & Evans. Inc. of Vancouver, BC, Canada, chartered business valuators.
The IDC shares issued for the acquisition of DataWave shares not already owned
by IDC will be freely tradable shares, to the extent legally permissible and in
accordance with the rules and regulations of the United States Securities and
Exchange Commission.


Closing under the Agreement and Plan of Merger will be conditional on the
following,among other conditions:

-- DataWave successfully re-domiciling from Yukon to the State of Delaware,
   United States;

-- the shareholders of IDC and DataWave approving the transaction;

-- the receipt of a Fairness Opinion from Evans and Evans Inc. that the
   transaction is fair to both IDC and DataWave shareholders; and

-- the receipt of all required regulatory approvals.


The parties expect to file an S-4 covering the transaction within the next
(two) months.


About Integrated Data Corp. (http://www.integrateddatacorp.com)

Headquartered in Conshohocken, Pa., IDC is a Delaware corporation with
OTCBB listed stock, symbol 'ITDD'. It is an international holding company with
interests in the U.S., Canada, the U.K. and Italy. IDC's subsidiaries and
partner companies offer a wide range of telecommunications, wireless,
point-of-sale activation, financial transaction and other services.
IDC currently owns about 51% of DataWave's outstanding shares.


About DataWave (http://www.datawave.com)

DataWave has been an innovator and developer of prepaid and stored-value
programs and merchandising solutions since it was founded in 1994. DataWave
pioneered systems that allow for point-of-sale activation of high value, high
shrinkage products, such as cash cards, prepaid phone cards and prepaid wireless
time. These systems work equally well over the Internet, through intelligent
freestanding vending machines
and POSA terminals, or with various card activation devices, including cash
registers.



Integrated Data Corp.




Legal Notice Regarding Forward-Looking Statements:

Statements in this news release which are not purely historical are
forward-looking statements, including any statements regarding beliefs, plans,
expectations or intentions regarding the future.

This news release contains forward-looking statements that involve risks and
uncertainties concerning the proposed merger of DataWave with IDC.
Actual events or results may differ materially from those described in this news
release due to a number of risks and uncertainties. Potential risks and
uncertainties include, but are not limited to, the possibility that the
transaction will not close, that the closing may be delayed, that shareholder
and regulatory approvals are not received, and general economic and political
conditions.


Although we believe that the beliefs, plans, expectations and intentions
contained in this letter are reasonable, there can be no assurance that such
beliefs, plans, expectations or intentions will prove to be accurate. Readers
should also refer to the risk disclosures outlined in our annual report on Form
10-KSB for the year ended March 31, 2003, filed with the United States
Securities and Exchange Commission.

"DataWave" is a registered trademark of the Company. All other trademarks and
trade names referred to are the property of their respective owners.