CONTACT: e-Smart® Media Relations
703-768-7477

e-Smart® Technologies, Inc., Delivers First of
Five Million Super Smart Cards in Busan, Korea

WASHINGTON and BUSAN, South Korea, July 26, 2005 /PRNewswire-FirstCall via COMTEX/ Ñ e-Smart® Technologies, Inc., (Pink Sheets: ESMT); ("e-Smart®" or the Company") is pleased to announce that on July 25th, the Company celebrated the roll out of its inaugural Super Smart Card™, in Busan ("Pusan"), Korea at a ceremony sponsored by the Busan City Government, the Pusan Bank, Busan Chamber of Commerce and Industry, Busan Bus Association, Busan Urban Transit Authority, Daewoo International Corporation, Korea's major broadcasting bureaus, and Korea's major daily newspapers.

The ceremony was attended by distinguished guests and Korean and other government officials from China's Ministry of Information Industry and China's Ministry of Construction, Indonesia's Primrose Group (former IBRA principals), Singapore Technologies, etc. As part of the ceremony, these distinguished guest were provided a first hand look at the new e-Smart®-MYbi card on a tour that took them to the AFC infrastructure subway stations, bus terminals, toll gates, universities (student card) and banks.

Pursuant to the Agreement signed on July 23rd between e-Smart® Technologies, Inc., and Mybi Company Ltd., e-Smart® began distribution of the first multi-application e-currency biometric smart card to be used in Busan as a digital city, e-government ID card, payment card for mass transportation, banking, point of sale, internet and other diverse financial payment card transactions.

The Mybi Company, Ltd., is the largest e-Currency infrastructure provider in Korea for public transportation and micro payments. The e-Smart®-Mybi Payment Card Project integrates Mybi's e-Currency product into e-Smart®'s Super Smart Card™ — all payment and security card — and at a ceremony attended by Korean and other government officials and distinguished guests; e-Smart® delivered the first e-Smart®/Mybi Super Smart Card™ to the Mayor of Busan. e-Smart®'s contract with Mybi calls for the distribution of a minimum of 5 million e-Smart®-Mybi Super Smart Cards™ to Mybi's existing and new users initially in the Busan area and 9 other major cities where the Mybi system operates.

e-Smart® is the exclusive provider of the Biometric Verification Security System™ (BVS2)™, featuring the Super Smart Card™ for Asia and the US, which experts believe to be the world's only commercially available smartcard with a full on-card matching system for biometric ID verification. e-Smart®'s systems and products enable government agencies and commercial enterprises to continuously and securely verify the identity of citizens, personnel, customers and any other persons seeking physical or logical access, offering what experts believe to be the highest form of identity-based and credential-based security available today.

Commenting on the inaugural roll out event, Mary Grace, President and CEO of e-Smart® said "The e-Smart®-Mybi system will provide an unparalleled system of privacy, convenience, safety and security Ñ security that is critically important today with the rise in identity theft, financial fraud and terrorist attacks. The e-Smart® system can be configured as a terrorist prevention system which could help prevent attacks as in London, Egypt, Spain and the US.

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 1033, as amended, and Section 21E of the Securities Exchange Act of 1034, 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.