HYPERCOM ACQUIRES NATIONAL PROVIDER OF POS SUPPORT SERVICES
Acquisition To Complement Existing Service Capabilities, Shorten 
Supply Chain

PHOENIX, ARIZONA  November 3, 1998  Hypercom Corporation (NYSE: 
HYC), a global provider of electronic payment solutions, has 
acquired the assets and business of The Horizon Group, Inc., one 
of the leading national providers of value-added, point-of-sale 
support services. The Horizon Group will be operated by Hyperco 
as an independent subsidiary with sales, distribution and support 
operations based in St. Louis, Mo. Horizon will retain its current 
management structure and corporate identity.

The Horizon Group is a national distributor of equipment from 
Hypercom and other POS equipment manufacturers. In addition to 
sales of new equipment, the company provides a variety of 
services, including refurbishing equipment, help desk, PIN pad key 
loading, terminal deployment and other custom programs. The 
acquisition will allow Hypercom to meet the needs of a segment of 
its customer base that requires direct-from-manufacturer terminal 
services. Hypercom will continue to work closely with other 
leading distributors in reaching a wide variety of customers. 

"This acquisition will allow us to expand our distribution 
channels and more effectively meet the changing needs of customers 
as we continue to accelerate shipments in the U.S. market," said 
Al Irato, president and CEO of Hypercom Corporation. "Many large-
volume customers today require a one-stop-shopping model that 
provides them with efficiencies in managing the procurement and 
upgrading of equipment and related software. In fact, Hypercom has 
implemented distribution and service models such as this in eight 
other countries around the world to meet our customers' 
requirements. The Horizon Group will be instrumental in our 
efforts to improve the effectiveness of the POS supply chain, and 
will enhance the level of service and support we can offer our 
customers.

"Moreover, the transaction represents an important milestone in 
the execution of Hypercom's strategy to build recurring revenue 
streams. Additionally, it will contribute to the achievement of 
Hypercom's aggressive growth objectives," Mr. Irato said. "Most 
important, it allows us to provide services and supplies directly 
to merchants, thereby shortening the supply chain and increasing 
efficiency."

"The Horizon Group's acquisition by Hypercom represents an 
important milestone in the company's history," said Ken Boody, 
founder and CEO of The Horizon Group. "Since we will be retaining 
our own identity and management structure, our customers will see 
only an enhancement to the already robust capabilities that they 
currently enjoy."

About The Horizon Group
Based in St. Louis, Mo., The Horizon Group is recognized as one of 
the industry's largest point-of-sale terminal suppliers and 
service providers. Founded in 1991 by Ken Boody, the company's 
CEO, Horizon is a leader in customer service, having developed a 
number of industry firsts such as same-day shipping and 
deployment, as well as on-line warranty and repair tracking. The 
company currently has 66 employees and had annual sales of 
approximately $24 million in the year ending Dec. 31, 1997, 
including $5 million in sales of Hypercom products.

About Hypercom Corporation
Celebrating its 20th anniversary, Hypercom Corporation (NYSE: HYC) 
is a global provider of electronic payment solutions, including 
multi-functional point-of-sale terminals, peripherals, network 
products, transaction software, Internet-based and electronic 
commerce payment solutions. On a global basis Hypercom delivers 
the services and technology infrastructure required to quickly 
integrate and deploy new payment applications for competitive 
value-add programs, improved business performance and low total 
cost of ownership. 

Headquartered in Phoenix, Ariz., Hypercom markets its products in 
more than 60 countries through a global network of offices and 
affiliates in Argentina, Australia, Brazil, Chile, China, Hong 
Kong, Hungary, Japan, Mexico, Russia, Singapore, the United 
Kingdom and Venezuela. Hypercom's Internet address is 
www.hypercom.com.

Hypercom is a registered trademark of Hypercom Corporation. All 
other products or services mentioned in this document are 
trademarks, service marks, registered trademarks or registered 
service marks of their respective owners. 

Certain matters discussed within this press release are forward-
looking statements within the meaning of the Private Securities 
Litigation Reform Act of 1995. Although management of Hypercom 
believes the expectations reflected in such forward-looking 
statements are based on reasonable assumptions, it can give no 
assurance that its expectations will be attained. Factors that 
could cause actual results to differ materially from expectations 
include the ability of Hypercom and Horizon to successfully 
integrate their operations, which could, among other factors, 
affect the combined company's earnings, the ability of Hypercom to 
effectively manage the geographically dispersed operations of 
Hypercom, including Horizon's business; the ability of Horizon to 
retain suppliers which are competitors of Hypercom following the 
acquisition, including VeriFone, Inc.; industry, competitive and 
technological changes; risks associated with international 
operations and foreign currency fluctuations; the composition, 
timing and size of orders from and shipments to major customers; 
inventory obsolescence; market acceptance of new products and 
other risks detailed from time to time in Hypercom's SEC reports, 
including the company's Quarterly Reports or Form 10Q, Annual 
Report or Form 10K, and  Prospectus dated November 13, 1997.

In light of the significant uncertainties inherent in the forward-
looking statements included herein, the inclusion of such 
information should not be regarded as a representation or 
assurance by Hypercom that the objectives, plans, and expectations 
of Hypercom will be achieved.