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CONTACT: e-Smart® Media Relations
703-768-7477
e-Smart® Technologies Welcomes New Chief Operating Officer
WASHINGTON, May 31, 2007 /PRNewswire-FirstCall
via COMTEX/ -- e-Smart® Technologies, Inc., (Pink Sheets: ESMT); ("e-Smart®"
or the "Company") is pleased to announce that Richard Barrett
has been named Chief Operating Officer of the Company.
As COO, Barrett will oversee the Company's product development and implementation
and serve as a strategic partner with the Chief Technology Officer and
engineers as they develop strategies and tactics to meet the Company's
long-term goals. Barrett will manage operations to deliver payment solutions
and secure financial transaction systems for the company's clients around
the globe.
Barrett is currently the Managing Director of One-to-One Business Relationships,
leading teams in technology development, sales and marketing for more
than twenty years. As a leader in sales and marketing, Barrett has built
sales organizations for software systems, hardware products and services,
including to Fortune 500 companies such as Hewlett Packard, H.J. Heinz,
Intel, Compaq, AT&T and Seagate. Barrett focuses on delivering the
One-to-One Business Process to clients in a wide variety of business markets,
including RW3 Technologies, Media Net Link, DoOnGo Technologies, Merrill
Lynch and SellPoint.
Barrett also has extensive experience in emerging technology companies,
identifying the few, critical factors in a business situation which will
create value, then pushing forward to accomplish concrete results. He
identified emerging market trends in network computing and built sales/marketing/development
teams, creating revenue streams for company growth.
Barrett founded Adaptive Data Systems (ADSI), which pioneered the Small
Computer Systems Interface (SCSI) standard and was a founding member of
the American National Standards Institute (ANSI) committee that established
the SCSI standard. He has been widely published in technical journals
and trade magazines and is a faculty member of the University of Phoenix
and holds MEE and BSEE from Rice University.
Remarking on his new position, Barrett said, "I'm excited and honored
to join such an impressive and talented group of people and look forward
to working with Mary Grace (CEO) and Tamio Saito (CTO) and the entire
e-Smart® team to deliver the amazing technologies the company has developed.
e-Smart®'s technologies have the potential to revolutionize the market
for secure financial transactions. Of course, the company's technologies
will improve transaction security and reduce financial costs for first-world
nations and their citizens. For the developing nations and their citizens,
the benefits of e-Smart® technology may be even more powerful, as transaction
costs and fraud risk can be much higher in those regions. I expect to
play a key role in building e-Smart® into a prominent player in the global
market for secure financial services."
e-Smart® Technologies, Inc., is the exclusive supplier of the Biometric
Verification Security System™ (BVS2™), the Super Smart Card™
and related system technologies for Asia, Africa and the US, 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 Super Smart Card™ and BVS2 can secure 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.
© 2007 PR Newswire. All rights reserved.
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