e-Smart Technologies, Inc., Delivers First of Five Million Super Smart Cards in Busan, Korea
26 July 2005 - 11:11PM
PR Newswire (US)
e-Smart Technologies, Inc., Delivers First of Five Million Super
Smart Cards in Busan, Korea WASHINGTON and BUSAN, South Korea, July
26 /PRNewswire-FirstCall/ -- e- Smart Technologies, Inc., (Pink
Sheets: ESMT); ("e-SMART" or the Company") is pleased to announce
that on July 25th, the Company celebrated the roll out of its
inaugural Super Smart Card(TM), in Busan ("Pusan"), Korea at a
ceremony sponsored by the Busan City Government, the Pusan Bank,
Busan Chamber of Commerce and Industry, Busan Bus Association,
Busan Urban Transit Authority, Daewoo International Corporation,
Korea's major broadcasting bureaus, and Korea's major daily
newspapers. The ceremony was attended by distinguished guests and
Korean and other government officials from China's Ministry of
Information Industry and China's Ministry of Construction,
Indonesia's Primrose Group (former IBRA principals), Singapore
Technologies, etc. As part of the ceremony, these distinguished
guest were provided a first hand look at the new e-Smart-MYbi card
on a tour that took them to the AFC infrastructure subway stations,
bus terminals, toll gates, universities (student card) and banks.
Pursuant to the Agreement signed on July 23rd between e-Smart
Technologies, Inc., and Mybi Company Ltd., e-Smart began
distribution of the first multi-application e-currency biometric
smart card to be used in Busan as a digital city, e-government ID
card, payment card for mass transportation, banking, point of sale,
internet and other diverse financial payment card transactions. The
Mybi Company, Ltd., is the largest e-Currency infrastructure
provider in Korea for public transportation and micro payments. The
e-Smart-Mybi Payment Card Project integrates Mybi's e-Currency
product into e-Smart's Super Smart Card(TM) -- all payment and
security card -- and at a ceremony attended by Korean and other
government officials and distinguished guests; e-Smart delivered
the first e-Smart /Mybi Super Smart Card(TM) to the Mayor of Busan.
e-Smart's contract with Mybi calls for the distribution of a
minimum of 5 million e-Smart-Mybi Super Smart Cards(TM) to Mybi's
existing and new users initially in the Busan area and 9 other
major cities where the Mybi system operates. e-Smart is the
exclusive provider of the Biometric Verification Security
System(TM) (BVS2)(TM), featuring the Super Smart Card(TM) for Asia
and the US, which experts believe to be the world's only
commercially available smartcard with a full on-card matching
system for biometric ID verification. 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, offering what experts believe to be the highest
form of identity-based and credential- based security available
today. Commenting on the inaugural roll out event, Mary Grace,
President and CEO of e-Smart said "The e-Smart-MYbi system will
provide an unparalleled system of privacy, convenience, safety and
security -- security that is critically important today with the
rise in identity theft, financial fraud and terrorist attacks. The
e-Smart system can be configured as a terrorist prevention system
which could help prevent attacks as in London, Egypt, Spain and the
US. 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 1033, as amended, and Section
21E of the Securities Exchange Act of 1034, 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/ DATASOURCE: e-Smart
Technologies, Inc. CONTACT: e-Smart Media Relations,
+1-703-768-7477 Web site: http://www.e-smarttechnologies.com/
Copyright