Press Release - Dec 15, 2004

SEOUL, South Korea, Dec 15, 2004 /PRNewswire-FirstCall via COMTEX/ — Mybi Co., Ltd., the largest public transportation system and e-Currency infrastructure provider in Korea, announced today that it has entered into an agreement with Samsung SDS, Ltd., a global leader in IT solutions, and e-Smart® Korea, a wholly owned subsidiary of e-Smart® Technologies, Inc. (OTC Pink Sheets: ESMT), a leader in biometric smartcard technology, to distribute a multi-application e-Currency biometric smartcard.

The agreement calls for the distribution of more than 1 million "Mybi-eSmart Cards" in 10 major Korean cities currently serviced by Mybi's e-Currency card. The new card will integrate Mybi's e-Currency product into e-Smart®'s Super Smart Card™. The new smartcard will be a secure and convenient method of payment for a number of financial transactions, including merchants, internet malls, public transportation and vending machines.

The "Mybi-eSmart Card" project also calls for e-Smart® and Samsung to implement a medical portal site for 10 targeted hospitals in Busan City, Korea, by mid-2005 for payment of hospital, pharmacy, medical and insurance fees.

Mybi is the leading electronic cash card provider in Korea and is the first dual interface card in Asia used in a wide range of applications including, transportation, retail, public services, internet e-commerce, banking, ID's and access control.

Samsung SDS is one of the world's recognized leaders in digital technology.

e-Smart® Technologies, Inc., is the exclusive supplier for Asia and the US of the Biometric Verification Security System, ("BVS2™"), featuring the Super Smartcard™, which experts believe to be the world's only commercially available smartcard with a full on-card system for biometric ID verification.

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-Smart®technologies.com.