SOURCE: MobiClear Inc.

April 16, 2007 09:49 ET

MobiClear and IBM Philippines Deliver Superior Security Solutions for the Banking Industry

DOVE CANYON, CA -- (MARKET WIRE) -- April 16, 2007 -- MobiClear Inc. (OTCBB: MBIR) and IBM Philippines announced today that they have forged a partnership to offer superior banking solutions, by integrating MobiClear into IBM Webshpere. 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 integration of MobiClear Banking with IBM WebSphere Software signifies a very strong alliance that ultimately benefits the customers. MobiClear Banking enables banks to offer its customers high security in all transactions online and with credit/debit cards in stores. Each purchase or transaction is only approved when the customer has confirmed his identity using his unique MobiClear PIN code via (the customer's) mobile phone.

IBM WebSphere Software is an integration and application infrastructure software that is designed to set up, operate and integrate e-business applications across multiple computing platforms using web technologies. IBM WebSphere Software Solutions adhere to Service Oriented Architecture "SOA" Principles adopting the widest range of Open Standards for application reuse and connectivity, as well as for people, process, and information integration. This ultimately translates into maximum business flexibility for a competitive advantage. Thanks to the integration with IBM WebSphere, MobiClear Banking is now even easier to deploy.

MobiClear and IBM have long been business allies, as certified by the IBM Partner World agreement. The agreement covers marketing, technical and development support. With this development, the partnership takes another step forward. Thanks to the integration with IBM WebSphere, MobiClear Banking is now even easier to deploy and minimizes time to market.

Lim Wong, CEO and President of MobiClear Inc., comments: "We have now deepened our cooperation with IBM, and together we can proactively offer our joint efforts to provide banks a safer banking experience for their customers."

About IBM

For more information about IBM, visit www.ibm.com

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.

For more information:

Please write to MobiClear at info@mobiclear.com or visit MobiClear's website at www.mobiclear.com

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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