| Press Release |
Source:
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Sec Issues Remand Order in Administrative Proceeding
October 18, 2004,
9:08 AM – LAS VEGAS, Oct 18, 2004 /PRNewswire-FirstCall
via COMTEX/ -- e-Smart® Technologies, Inc. (OTC Pink Sheets: ESMT) ("e-Smart®"
or the "Company") announced that the Securities and Exchange
Commission issued an Order in the administrative proceeding against the
Company remanding this proceeding back to the Administrative Law Judge
for "reconsideration of the law judge's sanctioning determination."
"We are very pleased with the SEC's ruling and thank the Commission for its consideration," said Mary Grace, president and chief executive officer of e-Smart® Technologies.
"We agree with the Commission and take very seriously the SEC filing requirements which are in place to protect shareholders and investors," continued Grace. "To this end we have concentrated our efforts and resources to provide current and historical financial information to the investing public and we commit to continue to do so in the future."
Grace went on to add, "It is our sincere desire and intention to do everything possible to protect the entire investing public including all of our good and loyal shareholders that believe in and have supported our company and its goal to develop and deliver anti-terrorist and fraud prevention technologies to protect all people in the USA, Asia and the world."
e-Smart® Technologies, Inc., is the exclusive licensee in the USA and Asia of the Super Smart Card™ and the BVS2™ operating platform. 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 related 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, financicl 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 contact Kirk Brewer at 214-213-5495 or e-Smart® Media Relations at 703-768-7477 or mediarelations@e-Smart®technologies.com.
"We are very pleased with the SEC's ruling and thank the Commission for its consideration," said Mary Grace, president and chief executive officer of e-Smart® Technologies.
"We agree with the Commission and take very seriously the SEC filing requirements which are in place to protect shareholders and investors," continued Grace. "To this end we have concentrated our efforts and resources to provide current and historical financial information to the investing public and we commit to continue to do so in the future."
Grace went on to add, "It is our sincere desire and intention to do everything possible to protect the entire investing public including all of our good and loyal shareholders that believe in and have supported our company and its goal to develop and deliver anti-terrorist and fraud prevention technologies to protect all people in the USA, Asia and the world."
e-Smart® Technologies, Inc., is the exclusive licensee in the USA and Asia of the Super Smart Card™ and the BVS2™ operating platform. 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 related 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, financicl 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 contact Kirk Brewer at 214-213-5495 or e-Smart® Media Relations at 703-768-7477 or mediarelations@e-Smart®technologies.com.
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