SOURCE: SmartMetric, Inc.

November 03, 2009 12:49 ET

SmartMetric SmartCard Poised to Totally Eliminate Identity Theft

BAY HARBOUR, FL--(Marketwire - November 3, 2009) - SmartMetric, Inc. (OTCBB: SMME) is pleased to announce today a shareholder and investor update.

Company President Colin Hendrick stated, "We are extremely pleased to report that SmartMetric has completed a series of breakthrough technology updates on its technology patented SmartCard. We believe that we now offer a total solution to entirely eliminate identity theft. We are now ready to begin commercial production and global marketing of our blockbuster SmartCard. We believe that the company's potential for growth is staggering given it is the only company to produce a self-powered standalone fingerprint scanner embedded inside a SmartCard thereby making the SmartMetric SmartCard the most advanced and secure card offered anywhere in the world.

"We are currently negotiating a final location and details of our mass assembly plant. Simultaneously, the company will shortly be announcing its first alliances with national and international banks and financial institutions. We are actively negotiating agreements for our biometric activated SmartCard in various Global markets globally targeting Banking, Consumer Online Transactions and the Secure Access Control markets."

Mr. Hendricks continued, "We believe we are poised to revolutionize the multibillion smart card market. With the number of SmartCards in use globally and the ever growing demand for greater security, incorporating the fingerprint card activation into a SmartCard puts the SmartMetric SmartCard ahead of all other security card system offerings globally."

According to a recent market research report by RNCOS* (SmartCard Market Forecast to 2012), the global shipment of smart cards surpassed an estimated 5 Billion units in 2008 and this figure is projected to surge at CAGR (Compound Annual Growth Rate) of nearly 11% through 2012, according to "SmartCard Market Forecast to 2012." The report also states, "The increasing use of the internet for making online payment transactions is also fueling growth in the global smart card industry as this technology enables consumers to make secure and reliable transactions. Use of contactless smart cards in this regard has gained remarkable consideration and is forecasted to grow at CAGR of more than 30% through 2012."

*RNCOS E-Services Pvt. Ltd, India. is a Market Research & Information Analysis company.

About SmartMetric Inc

SmartMetric, Inc has developed a portable biometric identity and transaction card capable of storing a wide variety of personal information while protecting you against identity theft and fraud. It is one of the most advanced portable identity authentication solutions in the world today. The card contains a biometric fingerprint scanner and reader which only you can unlock and is smaller and thinner than a credit card. The SmartMetric card is ideal for a wide range of consumers, including Personal, Government and Corporate.

For more information please visit us at

Safe Harbor Statement

Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.

Contact Information

  • Investor Contact:
    Redwood Consultants, LLC

    SmartMetric, Inc. Contact:
    Colin Hendrick
    President & CEO