SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

October 03, 2013 09:15 ET

SmartMetric Continues Litigation of Its Patent Infringment Case Against Visa & MasterCard for $13.4 Billion

NEW YORK, NY--(Marketwired - Oct 3, 2013) - SmartMetric, Inc. (OTCQB: SMME) -- Speaking today from New York, SmartMetric™ Inc. President & CEO Chaya Hendrick said: After reviewing the entire ruling handed down by the District Court yesterday concerning our patent infringement case brought against the defendants, Visa and MasterCard and following discussion and deliberation with our legal counsel, management is of the opinion that serious legal and reversible error has been made in yesterday's ruling.

Management believes it has solid grounds to see that this decision is reversed and management plans to promptly appeal this ruling and seek a reversal of the trial court's decision. The company has successfully appealed earlier rulings to the Federal Court of Appeals in respect of its "464" Patent and is of the opinion that it will be successful once again.

For information on SmartMetric and its technology please go to www.smartmetric.com. For information on the SmartMetric™ MedicalKeyring™ please go to www.medicalkeyring.com

About SmartMetric, Inc. SmartMetric Inc. is a technology development company that designs, engineers its advanced products utilizing the company's expertize in miniaturizing electronics. The company has developed miniature fingerprint self powered fingerprint scanners and readers that are at the center of SmartMetric Inc's key ring and credit and identity card products. For more information please visit us at www.smartmetric.com.

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.

MedicalKeyring™ is a trademark of SmartMetric, Inc.

Contact Information

  • Contact Information

    Investor Relations:
    Jens Dalsgard
    ConstellationAA.com
    775.771.5808 office

    SmartMetric, Inc.
    Ms. Chaya C. Hendrick
    President & CEO
    Office: 786.294.6000
    Direct: 786.269.2238
    ceo@smartmetric.com