Each new member brings to Pay By Touch a high level of experience in corporate and entrepreneurial governance.

"We're delighted to welcome our newest board members and tap into their experience and knowledge to continue company expansion," said John Rogers, founder, chairman, and CEO of Pay By Touch. "Each new member comes to us with a specific area of expertise that will generate positive exposure and growth of the Pay By Touch biometric technology and payment processing services."

Penrod, Petrie, and Speer will join the company's other six board members, including John Rogers, Eula Adams, Davies B. Beller, Alex Hern, Brian Miller, and Craig Ramsey, effective immediately.

Jack Penrod is best known for his ability to transform investment operations into global business ventures that scale to meet the demands of growing communities. Penrod began his investment career in 1983 with Penrod's Beach Club in Ft. Lauderdale, Fla., and has since expanded the spring break hot spot with additional properties including The Elbo Room, Bahama Mama, and the Jolly Roger Hotel. More recently, Penrod opened a second Penrod's Beach Club in South Beach, Miami, as well as Nikki Beach and Pearl Restaurant and Champagne Lounge. Today, Penrod has expanded Nikki Beach with locations in France, the West Indies, Italy, Spain, Mexico, and Brazil.

Arthur J. Petrie brings more than 45 years of real estate development and investment experience to the Pay By Touch board of directors. He is chairman of Petrie Development Company and general manager of Asset Development Services, LLC, a real estate investment company in Las Vegas. Career highlights include commercial real estate development deals with Wal-Mart, Sam's Club, K-Mart, Hy-Vee, and other retail users and apartment complexes. His companies are also active in managing the development and ownership of Embassy Suites, Hampton Inns, Holiday Inns, Radissons, and Hyatt Hotels. He served on the Board of Directors of Smart Card of America and was the former Chairman of the Board of Directors of the World Trade Center of Minnesota.

A self-made entrepreneur and successful businessman, Roy Speer joins the Pay By Touch board with extensive experience as a business expert, investor, and entrepreneur in real estate development and commercial and residential construction. Career highlights include Speer's ten-year career as the founder, chairman, and CEO of Home Shopping Network. While there, Speer grew the company from $1.9 million to $1.08 billion in sales to become the 12th largest communications company in the United States. Prior to joining Home Shopping Network, Speer spent seven years working with the Florida Attorney General as Special Assistant Attorney General, Assistant Trial Staff Counsel for the U.S. Labor Relations Board, and the Assistant State Attorney of Pinellas County, Fla. Speer's career continued with several real estate development ventures and commercial and residential construction, including office buildings, high rises, shopping centers, and more than 10,000 homes.

The Pay By Touch Board of Directors will continue regular meetings with the new members, focusing heavily on expanding its core offering of consumer biometric payments and payment processing to retailers across the United States and abroad. In addition, the Board will concentrate on developing products that meet the needs of new vertical markets.

To date, the Pay By Touch consumer biometric payment solution is being deployed in Piggly Wiggly Carolina Co. stores in South Carolina and Georgia as well as in other retailers throughout North America. Pay By Touch plans to launch in major national retail chains later this year.