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CONTACT: e-Smart® Media Relations
703-768-7477
IDsmart Admits In Court Document that e-Smart’s
Technology was Used to Develop IDsmart’s Smart Card
New York, April 9, 2008 /PRNewswire-FirstCall
via COMTEX / — e-Smart® Technologies, Inc. (Pink Sheets:
ESMT); (“e-Smart” or the “Company”) and its parent
company, IVI Smart Technologies, Inc., (IVI) (hereinafter, collectively,
the “Company”) learned from disclosures filed in a Motion
last month by IDsmart LLC, in the United States District Court, Northern
District of California, San Francisco Division, Case No. 3:06cv5528MHP,
that IDsmart admitted that its engineers were directed to use e-Smart’s
technology in developing IDsmart’s biometric smart card product,
as the original complaint filed by the Company against IDsmart for theft
and misappropriation of our biometric smart card technology alleges. IDsmart
also confirmed that, because its engineers had been instructed to use
e-Smart’s technology, IDsmart did not actually have a product design
and was unable to “release” any product until approximately
four months ago.
Mary Grace, President and CEO of e-Smart® said, “Finally, IDsmart
admitted what we alleged in the original lawsuit and which we have argued
before the court for nearly two years – which IDsmart repeatedly
denied until now. IDsmart now admits not only that their engineers used
e-Smart’s technology but also that they have known for more than
a year that e-Smart’s technology was used in developing IDsmart’s
claimed biometric smart card product. Rather than acknowledging that they
had used e-Smart’s technology, IDsmart continued trying to sell
an IDsmart product and failed to acknowledge to the Court that e-Smart’s
claims were true. In the original lawsuit filed against IDsmart the Company
alleged the theft and misappropriation of e-Smart’s technology by
IDsmart, which claim IDsmart repeatedly denied under oath to the court.
The Company also reported the theft of the technology to both the police
and FBI in 2006, which IDsmart, Michael Gardiner and Wayne Drizin, both
convicted felons, denied at that time. The Company will now file new reports
to both the police and FBI of the recent admission and urge them to take
the appropriate action to return the Company and shareholder’s property.
I hope the courts will impose additional sanctions against these individuals
who have now admitted that IDsmart obtained and had its engineers using
e-Smart technology – technology that belongs to the Company and
its shareholders.”
e-SMART® Technologies, Inc., is the exclusive supplier of the Biometric
Verification Security™ (BVS2™) system, the “I AM”™
card and the Super SMART Card™ system and related system technologies
for Asia, Africa and the U.S., which e-SMART® believes to be the world’s
first smartcard of its kind with an on-card sensor and a full match on-card
system and other unique technologies for secure biometric ID verification.
e-SMART’S® next generation technologies allow governments, public
and private institutions, healthcare providers and insurers, companies
large and small, to provide a superior level of protection. The “I
AM”™ card, Super SMART Card™ system and BVS2™
security system can assist in securing countries from criminal and terrorist
threats, stop ID and payment fraud, along with identity theft in connection
with physical and logical access and financial transactions, including
telephone, Internet payment and other financial and data related transactions
all while protecting individual 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-smart.com
or contact Media Relations at 703-768-7477 or media@e-smart.com
SOURCE e-Smart® Technologies, Inc.
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