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CONTACT: e-Smart® Media Relations
703-768-7477
e-Smart® Technologies to Partner With World Developments Corporation
WASHINGTON, May 2, 2007 /PRNewswire-FirstCall
via COMTEX/ — e-Smart® Technologies, Inc., (Pink Sheets: ESMT); ("e-Smart®"
or the "Company") and its parent company IVI Smart Technologies,
Inc., is pleased to announce it has entered into an agreement with World
Developments Corporation (WDC) and has established Homeland Defense S.A.
in Morocco and Algeria.
World Developments Corporation, WDC, has agreed to partner with IVI Smart
and e-Smart® Technologies, Inc., to finance implementation of e-Smart®'s
Biometric Verification Security System BVS2 in the following countries:
Mauritania, Mali, Equatorial Guinea, Angola, Mauritius, Camores Islands
and South Africa. By years end, WDC with IVI/e-Smart® intends to establish
Homeland Security subsidiaries in nearly all of the countries on the African
continent.
WDC with IVI Smart and e-Smart® Technologies, Inc., will establish Homeland
Defense subsidiaries in all of these countries, installing and implementing
the Company's Biometric Verification Security System, (BVS2)™ and all
related technologies to be utilized in a number of areas including, government
contracts, banking and payment systems, courts, border security and all
security related areas.
World Developments Corporation, WDC, is a privately-held U.S. group based
in Washington, D.C. providing services that span various sectors, including
development of fully-integrated construction and civil engineering projects
worldwide; installation and implementation of large-scale corporate IT
networks; internet technology and corporate communications solutions,
and the creation and maintenance of healthcare informatics solutions for
both public health systems and the private healthcare sector.
e-Smart® Technologies, Inc., is the exclusive supplier for Asia and the
US of the Biometric Verification Security System™ (BVS2)™, featuring
the Super Smart Card™, which e-Smart® believes to be the world's only
commercially available smartcard with a full on-card system for biometric
ID verification. 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
and payment 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.
When asked about the agreement, Emile Merzoug, the CEO of World Developments
Corporation said, "we are always looking for ways to protect people
and secure countries and I believe we have found the technology that will
do this and also provide the kind of technology that is needed in today's
changing world. We are eager to implement this exciting technology and
look forward to a long and successful relationship with IVI Smart/e-Smart®
Technologies."
Mary Grace, President and CEO of IVI Smart Technologies and e-Smart® Technologies,
Inc., stated, "this truly is a partnership of two pieces fitting
together to complete a picture. World Developments Corporation is a company
of great vision and well-equipped to make this extraordinary technology
available to countries that will greatly benefit from the security and
protection it can provide. I couldn't be more pleased about this partnership."
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.
© 2007 PR Newswire. All rights reserved.
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