RAF Technology, Inc.
15400 NE 90th St
Suite 300
Redmond, WA 98052
425.867.0700

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Press Release
November 19, 2004

RAF Technology Appoints Dave Reeves as Chief Financial Officer

Redmond, WA, November 19, 2004 – RAF Technology, Inc., a world leader in high-speed address recognition software and authentication technology, is pleased to announce the appointment of Dave Reeves as Chief Financial Officer of RAF Technology on November 15, 2004.

Mr. Reeves spent the last several years as a finance executive working with technology businesses in the Pacific Northwest. He has a broad base of financial, accounting and administrative experience including capital raising, system implementation and financial reporting. He joins RAF from Mindplay, a Bellevue based developer of table management systems that incorporate advanced optical and pattern recognition technologies into table games used by casinos. Dave was CFO of Mindplay, and was instrumental in its successful acquisition by Bally Gaming, a Las Vegas based manufacturer of gaming equipment. As a partner with Tridia Partners, a Seattle based consulting firm that provides senior level executives to emerging growth companies, Dave advised numerous technology businesses. Prior to joining Tridia, Dave was the CFO of Olapro! and Wavtrace, where he negotiated several transactions including a strategic partnership, venture investment round and the sale of Wavtrace to Harris Corporation. Dave is a CPA in the state of Washington. Dave received a BA in quantitative economics from Stanford University.

"We are very excited to have this chance to work with Dave and are looking forward to the many contributions he will bring to RAF" said Bill Transue, CEO of RAF Technology. "To have someone with Dave's high ethical, technical and management talents will prove to be a major element in RAF's attainment of our growth and service objectives".

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