Press Release

Source:

e-Smart® Filing Form 10K-SB Today

TUESDAY, MARCH 30, 2004 8:29 AM - LAS VEGAS, Mar 30, 2004 /PRNewswire-FirstCall via Comtex/ -- e-Smart® Technologies, Inc. (OTC Pink Sheets: ESMT) ("e-Smart®" or the "Company") is pleased to announce that it is today filing its Form 10K-SB for 2002 and 2003 with the Securities & Exchange Commission (the "SEC" or the "Commission"). This document provides to investors a detailed description of e-Smart®'s operations, the status of its contracting efforts and its financial condition.

Mary Grace, the Company's President and CEO, said, "First, I want to thank all of the people concerned for their hard work and dedication in meeting today's corporate milestone of filing our 2003 10K-SB disclosure statement on time. Second, I want to assure one and all that to the best of our ability, the Company will never let its filings fall behind again. Last, and most importantly, I want to thank all of our loyal shareholders for their understanding and support of our Company through our many travails."

After a moment, Ms. Grace added, "to our loyal shareholders, I want you all to know that we will do everything within our power to make this Company into one that rewards your loyalty with deeds and not just words. The accomplishment of today's filing milestone and the signing of our recent contracts abroad are, I believe, just the beginning."

In a further development, e-Smart® also announced that it has been notified, by order dated March 26, 2004, that the Commission has granted the Company's Petition for Review of the March 4, 2004 Initial Decision of the Administrative Law Judge. Of note, is the fact that this March 26, 2004 order also reflects that the Commission, on its own initiative, had decided to review the extent to which any sanctions against the Company "are appropriate in this matter."

Because the Initial Decision of the Administrative Law Judge was based on a speculation that the Form 10K-SB would not be filed today or at all, the Company anticipates that the filing of that report today, combined with the quarterly reports filed last year, will demonstrate to the Commission the Company's commitment to full disclosure and the absence of any need or basis for the imposition of sanctions against the Company. "

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.