SOURCE: SmartMetric, Inc.

April 22, 2010 14:48 ET

Visa and MasterCard to Respond to the SmartMetric Lawsuit in May 2010

SURFSIDE, FL--(Marketwire - April 22, 2010) -  SmartMetric, Inc. (OTCBB: SMME) announced today that both defendants, namely MasterCard Inc. and Visa Inc., have contacted SmartMetric concerning its patent infringement lawsuit. Both defendants have requested time to respond. By agreement responses will be made by both credit card companies in May 2010. 

SmartMetric filed on March 15th, 2010 a lawsuit against Visa Inc. and MasterCard Inc., Case No. CV10-1864 alleging patent infringement against the SmartMetric issued U.S. Patent No. 6,792,464.

Mr. Hendrick, the President & CEO of SmartMetric, said that MasterCard alone admits in a press release on its corporate website that it has issued more than 50 million cards that use a technology that SmartMetric claims breaches its patent. 

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
    415.884.0348

    Company Contact:
    SmartMetric, Inc.
    Colin Hendrick
    305.607.3910
    Email Contact:
    Email Contact