Scott + Scott, LLC Announces Investigation for Shareholders After Hypercom Corp. Accounting Restatement -- HYC

Law Firm Also Working on Cases Against Taser International, Direct General Corporation and 51Job, Inc


COLCHESTER, Conn., Feb. 7, 2005 (PRIMEZONE) -- Scott + Scott, LLC, a law firm nationally recognized for its dedication to its clients and its attorneys with top litigation skills, is currently committed to researching the restatement announced after trading on Friday evening by Hypercom Corp. (NYSE:HYC). The Arizona company announced that it would restate almost $4 million for the first three quarters of 2004. Its auditor is Ernst & Young. The Company is expected to issue its fourth quarter and 2004 results by late February. The stock plunged 18% after the news came out.

Also in Arizona, Scott + Scott filed a securities class action lawsuit against Taser International, Inc. ("Taser") in the United States District Court for the District of Arizona. On January 6, 2005, after the market closed, the Company issued a press release entitled "Taser International, Inc. Cooperates with SEC Informal Inquiry." In the press release, the Company disclosed that the Securities and Exchange Commission ("SEC") had begun an inquiry into claims and statements made by Taser on the safety of its stun guns. The Company further disclosed in the press release that the SEC is also looking into an end of year order totaling $1.5 million. Upon this news, almost 36,000,000 shares traded on January 7, 2005. From the announcement on January 6th until Monday, January 10th, the stock plunged $8. Then, on January 11th, over 64,000,000 shares traded hands and the stock dropped another $6, settling around $14.00 per share -- down from over $30.00 just a few days earlier.

Scott + Scott client/shareholders were stunned to learn that during the week following defendants' recent affirmation of the Company's products' safety, TASER insiders sold a total of $67 million worth of TASER stock. During the Class Period, TASER insiders, including the individual defendants, sold a total of 3,317,212 shares of TASER common stock for gross proceeds of $96,261,155. (Nasdaq:TASR).

Scott + Scott is currently working on securities fraud cases against Direct General Corporation, Halliburton, Star Gas and Huffy Corporation. It is also currently litigating employee pension benefits cases against such companies as Royal Dutch Shell, Marsh & McLennan, and Merck among others.

Scott + Scott with offices in Connecticut, Ohio and California, recently settled the ImClone Securities Litigation for $75,000,000 led by its lead plaintiff clients. The firm (http://www.scott-scott.com) specializes in securities litigation, employment/pension benefits and antitrust and represents foundations, individuals, corporations and pension funds worldwide. You can reach attorney Neil Rothstein at 800/322-2259.

Scott + Scott a Connecticut-based law firm with offices in Chagrin Falls, Ohio and San Diego, California, is a law firm with a national practice and reputation. The firm is currently litigating major securities, antitrust and employee retirement plan cases throughout the United States and represents pension funds, charities, foundations, individuals and other entities worldwide -- in both class and non-class cases. Scott + Scott dedicates itself to client communication and satisfaction. Scott + Scott, LLC is a firm that devotes a good part of its practice to representing current and former employees who have lost a significant portions of their retirement savings in their companies' 401(k) and/or employee stock ownership plans. Please visit our website at http://www.scott-scott.com to learn more about the firm, its practice and other cases. If you wish to discuss this action with an attorney or have any questions concerning this notice, your rights or any matter within our expertise, please contact attorney Neil Rothstein at nrothstein@scott-scott.com or by calling 800-404-7770 (EST) or 800-332-2259 (PST). You can dial direct in California at 1/619-233-4565.

Scott + Scott, LLC is located at 108 Norwich Avenue, Colchester, CT 06415; phone: 860/537-3818; fax: 860/537-4432. This release is issued in accordance with the applicable U.S. federal law.

More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.