Contact Information: Investor Contact: Redwood Consultants, LLC 415.884.0348 SmartMetric, Inc. Contact: Colin Hendrick President & CEO 305.607.3910
SmartMetric SmartCard Poised to Totally Eliminate Identity Theft
| Source: SmartMetric, Inc.
BAY HARBOUR, FL--(Marketwire - November 3, 2009) - SmartMetric, Inc. (OTCBB : SMME ) is pleased
to announce today a shareholder and investor update.
Company President Colin Hendrick stated, "We are extremely pleased to
report that SmartMetric has completed a series of breakthrough technology
updates on its technology patented SmartCard. We believe that we now offer
a total solution to entirely eliminate identity theft. We are now ready to
begin commercial production and global marketing of our blockbuster
SmartCard. We believe that the company's potential for growth is staggering
given it is the only company to produce a
self-powered standalone fingerprint scanner embedded inside a SmartCard
thereby making the SmartMetric SmartCard the most advanced and secure card
offered anywhere in the world.
"We are currently negotiating a final location and details of our mass
assembly plant. Simultaneously, the company will shortly be announcing its
first alliances with national and international banks and financial
institutions. We are actively negotiating agreements for our biometric
activated SmartCard in various Global markets globally targeting Banking,
Consumer Online Transactions and the Secure Access Control markets."
Mr. Hendricks continued, "We believe we are poised to revolutionize the
multibillion smart card market. With the number of SmartCards in use
globally and the ever growing demand for greater security, incorporating
the fingerprint card activation into a SmartCard puts the SmartMetric
SmartCard ahead of all other security card system offerings globally."
According to a recent market research report by RNCOS* (SmartCard Market
Forecast to 2012), the global shipment of smart cards surpassed an
estimated 5 Billion units in 2008 and this figure is projected to surge at
CAGR (Compound Annual Growth Rate) of nearly 11% through 2012, according to
"SmartCard Market Forecast to 2012." The report also states, "The
increasing use of the internet for making online payment transactions is
also fueling growth in the global smart card industry as this technology
enables consumers to make secure and reliable transactions. Use of
contactless smart cards in this regard has gained remarkable consideration
and is forecasted to grow at CAGR of more than 30% through 2012."
*RNCOS E-Services Pvt. Ltd, India. is a Market Research & Information
Analysis company.
About SmartMetric Inc
SmartMetric, Inc has developed a portable biometric identity and
transaction card capable of storing a wide variety of personal information
while protecting you against identity theft and fraud. It is one of the
most advanced portable identity authentication solutions in the world
today. The card contains a biometric fingerprint scanner and reader which
only you can unlock and is smaller and thinner than a credit card. The
SmartMetric card is ideal for a wide range of consumers, including
Personal, Government and Corporate.
For more information please visit us at www.smartmetric.com
Safe Harbor Statement
Certain of the above statements contained in this press release are
forward-looking statements that involve a number of risks and
uncertainties. Such forward-looking statements are within the meaning of
that term in Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. Readers are cautioned that any such
forward-looking statements are not guarantees of future performance and
involve risks and uncertainties, and that actual results may differ
materially from those indicated in the forward-looking statements as a
result of various factors.