/C O R R E C T I O N -- e-Smart Technologies, Inc./
21 December 2004 - 8:49AM
PR Newswire (US)
/C O R R E C T I O N -- e-Smart Technologies, Inc./ In the news
release, e-Smart Technologies (OTC Pink Sheets: ESMT) Enters
Agreements to Provide Biometric System for Payment Processing in
Indonesia, issued Friday, Dec. 17, by e-Smart Technologies, Inc.
over PR Newswire, we are advised by the company that the second
paragraph, second sentence, should read "IBRA has successfully
restructured and divested banks, companies, properties and assets
for the Indonesian Government, focusing on government institutions
and the banking sector," rather than, "Primrose has successfully
restructured..." as originally issued inadvertently. Complete,
corrected release follows: LAS VEGAS, Dec. 17
/PRNewswire-FirstCall/ -- e-Smart Technologies, Inc. (OTC Pink
Sheets: ESMT), a leader in biometric smartcard technology,
announced today that it has entered into a Cooperation Agreement
and an Agreement to Form Joint Venture with PT Primrose Gantari
Indonesia. Under the agreements, e-Smart will work with Primrose to
provide e-Smart's proprietary biometric systems for payment
processing services in banking institutions and other corporate and
government entities in Indonesia. PT Primrose Indonesia was created
by former principals of The Indonesian Bank Restructuring Agency
(IBRA) and is one of the most respected and experienced financial
services organizations in Indonesia. IBRA has successfully
restructured and divested banks, companies, properties and assets
for the Indonesian Government, focusing on government institutions
and the banking sector. In commenting on the Agreement, e-Smart
President and CEO, Mary Grace, said, "We are pleased and proud to
team with PT Primrose to bring our secure biometric payment system
to the people of Indonesia. This partnership is the first step
toward providing banks and citizens in Indonesia the ultimate
security in day-to-day financial transactions -- an ever-increasing
concern in virtually every country in the world." e-Smart is the
exclusive supplier for Asia and the US of the Biometric
Verification Security System(TM) ("BVS2(TM)"), featuring the Super
Smartcard(TM), which e-Smart believes to be the world's only
commercially available smartcard with a full on-card system for
biometric ID verification. These new generation technologies permit
governments, public and private institutions, healthcare providers
and insurers, companies large and small, their citizens and
customers, respectively, to stop ID and payment fraud, including
identity theft, in connection with both physical and logical access
and with financial and other data related transactions all without
compromising a person's right to privacy. 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/. DATASOURCE: e-Smart
Technologies, Inc. CONTACT: e-Smart Media Relations,
+1-703-768-7477, or Kirk Brewer, +1-214-213-5495, both of e-Smart
Technologies, Inc. Web site: http://www.e-smarttechnologies.com/
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