e-Smart Receives License Approvals From Chinese Authorities
10 May 2005 - 11:00PM
PR Newswire (US)
e-Smart Receives License Approvals From Chinese Authorities
Announced Joint Venture Moves Forward WASHINGTON, May 10
/PRNewswire-FirstCall/ -- e-Smart Technologies, Inc., (Pink Sheets:
ESMT)("e-SMART" or the "Company") is pleased to announce that the
necessary licenses have been approved in China for the announced
joint venture between e-Smart and Guoxin Wel Telecom, a Chinese
corporation principally owned by entities controlled by the Chinese
Ministry of Information Industry (MII). Pursuant to the March 2004
announced Cooperation Agreement the Sino-foreign cooperative joint
venture in Beijing, China is established for the purpose of
supplying the Biometric Verification System(TM) ("BVS2")(TM)
featuring the Super Smart Card(TM) in order to operate a
value-added network or networks that allow for the nationwide
roaming and operation of e-Smart's biometrically powered
multi-application, secure ID & payment smart cards in China,
promote the system and technologies in the government and financial
sector and maximize its usage in as many fields as possible,
including healthcare, banking, immigration and personal identity
protection to name a few. Guoxin Wel TeleCom was established in
1993 under the guidance of the Ministry of Information Industry
(MII) as part of the development of the Chinese information
industry. Guoxin Wel TeleCom keeps pace with the rapidly developing
information industry and, with its expert support system Guoxin Wel
TeleCom has achieved an excellent reputation in the area of Natural
Language Verification and data storage and is a leader in providing
advanced products and technology into the Chinese information
industry. Mr. ZhuXinSheng, General Manager of Guoxin Wel TeleCom
said, "we have long believed in the benefits of e-Smart's advanced
biometric technology and, now, with the licenses approved we are
eager to implement this extraordinary system. With the
ever-increasing applications of the Super Smart Card(TM) and the
BVS2(TM) operating platform we are about to deliver a nationwide
system that until now was just a vision." In response to Mr.
ZhuXinSheng's kind and encouraging words, Mary Grace, President and
CEO of e-Smart said, "the approval of the licenses is exciting news
for us and we are just as eager to begin providing our system to
the people of China, giving them piece of mind over identity theft
and fraud and financial crimes. This is a great day for both
e-Smart and Guoxin Wel TeleCom and I believe the beginning of a
long and successful relationship." About e-Smart e-Smart is the
exclusive licensee in the US and Asia of the Super Smart Card(TM),
the Super Smart Passport(TM) and the Biometric Verification
Security System(TM) (also known as the "BVS2"(TM)). The Company
seeks to be a leading provider of high technology security systems
that can be used to combat fraud and terrorism throughout its
licensed territories. e-Smart's systems and products enable
government agencies and commercial enterprises to continuously and
securely verify the identity of citizens, personnel, customers and
any other persons seeking physical or logical access. e-Smart
Technologies offers what experts believe to be the highest form of
identity-based and credential-based security available with no
profiling or erosion of civil rights. SAFE HARBOR STATEMENT
Statements in this news release that relate to future plans,
financial results or projections, events or performance are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. While these statements
are made to convey to the public the Company's progress, business
opportunities and growth prospects, readers are cautioned that such
forward-looking statements represent the management's opinion.
While management believes such representations to be true and
accurate based on information available to the Company at this
time, actual results may differ materially from those described.
For more information about e-Smart Technologies, please visit
http://www.e-smarttechnologies.com/ or contact e-Smart Media
Relations at 703-768-7477. DATASOURCE: e-Smart Technologies, Inc.
CONTACT: e-Smart Media Relations, +1-703-768-7477 Web site:
http://www.e-smarttechnologies.com/
Copyright