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LEKSVIK, NORWAY - Elsafe International a.s., the world's leading supplier of electronic safes to the hospitality industry, has announced that three additional Elsafe models have independently achieved UL®-listing in the 1037 anti-theft device category. In 2002, Elsafe became the world's only in-room safe manufacturer to successfully complete the rigorous testing procedure that is prescribed by Underwriters Laboratories, one of the world's most recognized and respected independent product testing laboratories.

In the earlier tests, Elsafe's popular Infinity™ Digital and the Infinity™ magstripe card-operated version both successfully completed the battery of physical break-in tests to achieve the prestigious UL-listing in the 1037 category for safety and security. Since that time, the durable, heavy-gauge steel body that was originally designed for the high-end Infinity™ Collection has become the basis for the entire Elsafe product line, including the more economical Sentinel™ Series. In the latest round of tests, all three digitally-operated Sentinel Series models achieved the UL-listed designation, including the Sentinel Standard, Sentinel Plus and Sentinel Advanced. This brings Elsafe to a total of five UL-listed models, and reaffirms their status as the world's only UL-rated and approved in-room safe manufacturer.

The series of tests administered by Underwriters Laboratories for anti-theft devices includes a physical break-in test, an endurance test and a jarring test. In the physical break-in test, a team of experienced testers are given free reign with a selection of tools to try and physically compromise the safe within a set period of time. The endurance test consists of over 6,000 openings and closings, as well as 50 battery changes. With an average battery life of over 2 years, this represents approximately 100 years of normal hotel use. In the dramatic jarring test demonstration, the safe is actually hit with a steel ball to see if the physical structure and electronic components can withstand such excessive force.

Elsafe's proven strength can be attributed to an array of revolutionary physical security features, including a proprietary interlocking deadbolt mechanism, anti-tamper labyrinths, extended solid steel bolt hinges, and a one-piece cold-pressed steel door.

"We have worked hard to achieve this exclusive UL-1037 listing, because it gives our hotel customers added assurance that their guests' valuables are receiving the maximum level of protection possible," said Alvin Berg, President of Elsafe International a.s. "Since many safes on the market today can be easily opened within 30 seconds by experienced thieves, it is important to know that Elsafe has passed extensive testing by the world's most prestigious, professional testing organization. Not only does this protect the property of hotel guests, it also protects the hotel's valuable reputation."

For more information, please contact Andrea Nix at (407) 425-9686.

About Elsafe International AS - With the invention of the world's first electronic in-room safe in 1979, Elsafe revolutionized hotel guestroom security. For over 24 years since, Elsafe has maintained this position of leadership, continuously introducing new products that combine unparalleled strength and durability with technological superiority. Recently, the company became the first safe manufacturer to pass the stringent UL break-in test with the popular Infinity™ Collection. The company also was the first to successfully incorporate biometric access technology into an in-room safe. This Biometric safe was awarded the "Editor's Choice" Award for best new product at the 2001 International Hotel/Motel & Restaurant Show in New York. Currently, Elsafe products are installed in nearly 1 million hotel rooms and cruise ship cabins around the globe. Used by virtually every major hotel chain in over 130 countries, Elsafe is the most trusted name in guestroom security. Elsafe is part of the VingCard group. VingCard belongs to the ASSA ABLOY group, a public Swedish company traded on the Stockholm Stock Exchange. Currently, the group has around 30,000 employees and annual sales of approx. USD 3 billion. For more information, please visit www.elsafe.com or .

About Underwriters Laboratories - For well over a century, Underwriters Laboratories, Inc. has been assessing a wide scope of consumer products for safety and reliable operation. Founded in 1894 in the United States as an independent, not-for-profit product safety testing and certification organization, UL has earned their undisputed reputation as the world's most prestigious and reliable product safety testing facility. Currently, the highly recognizable UL symbol has been placed on over 17 billion products in over 92 countries around the globe. For more information, please visit .

Andrea Roland
407.905.0608