SOURCE: MobiClear Inc.

February 12, 2007 10:16 ET

MobiClear and Ironroad Global Mobile Services in Partnership Agreement

DOVE CANYON, CA -- (MARKET WIRE) -- February 12, 2007 -- MobiClear Inc. (OTCBB: MBIR) announced today that the company has reached a partnership agreement with the Swedish-based global mobile services company Ironroad. MobiClear actively trades on the NASD Over the Counter Bulletin Board under the ticker symbol, MBIR and on Deutsche Börse under the ticker symbol B3CA.

The agreement includes enhancing the MobiClear mobile security services with 3G video solutions from Ironroad. Foremost, where the MobiClear end-user today receives a voice call to confirm his identity with his MobiClear PIN code, he will in the future be able to receive an interactive 3G video call in the same fashion as today's Ironroad services, which will enhance the end-user experience. The agreement also includes business and management consultancy services, provided by Ironroad.

Lim Wong, CEO and President of MobiClear Inc., stated: "We are very pleased with the agreement with Ironroad. Together will we now be able to offer our customers and end-users state-of-the-art interactive 3G video services."

About Ironroad

Ironroad AB is a global leading mobile video development and services company headquartered in Stockholm, Sweden. Their mission is to develop innovative and easy-to-use interactive video services. The Ironroad 3G video services together form the MeetMe Community Services, which provide the end-user with high value entertainment, as well as high revenues for the provider. The services allow the user to blog, chat, date, sing karaoke and be informed using his or her 3G mobile phone instead of a PC -- by sending and receiving videos rather than typing. The Ironroad 3G video services give mobile operators as well as content and service providers all over the world the possibility to offer their end-customers the Ironroad services under their own brand, so called white labelling. For more information, see

About MobiClear

MobiClear specializes in electronic Personal Identification Verification (PIV) solutions in connection with credit/debit card transactions. MobiClear's multi-gateway solution (U.S. patent pending) offers proactive security in all forms of electronic business environments including internet shopping, business-to-business procurement transactions and retail shopping with credit/debit cards.

Credit/debit card fraud on the Internet and in stores is increasing at an enormous rate. The estimated figure comes to USD 20 billion annually. And in the USA alone the level of credit/debit card fraud on the Internet and in stores is estimated to be USD 4 billon.

MobiClear's answer to the problem is a security and user-friendly identity solution that works right across the globe. And in addition MobiClear's identification service ensures safe and secure trade over the Internet, which in its turn helps to create more user satisfaction in both e-trade and invoice payments online.

MobiClear offers solutions and services that, MobiClear believes, virtually eliminate credit/debit card and electronic transaction fraud, completely securing these transactions. A unique feature of MobiClear's solutions are that end-users and customers do not need to learn any new behaviors or master new techniques.

MobiClear has an IBM PartnerWorld agreement within banking. The agreement covers marketing, technical and development support. IBM is one of the world-leading companies in the invention, development and manufacture of the industry's most advanced information technologies, including computer systems, software, storage systems and microelectronics.

This news release includes comments that may be deemed forward looking within the meaning of the safe harbor provisions of the U.S. Federal Securities Laws. These include, among other things, statements about expectations of future transactions or events, revenues, sales of products and performance. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to have necessary financing in time to meet contractual obligations, developing appropriate strategic alliances, raising working capital, successfully developing and implementing technology, acceptance of the company's products and services, building a functional infrastructure, and other such risks as the company may identify and discuss from time to time. Accordingly, there is no certainty that the company's plans will be achieved.

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