SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

June 04, 2013 14:36 ET

SmartMetric on Track to Release MedicalKeyring August 2013

BAY HARBOR, FL--(Marketwired - Jun 4, 2013) - SmartMetric, Inc. (OTCQB: SMME) -- The President and CEO of SmartMetric, Inc., Ms. Chaya Hendrick, said today that the company is on track to meet its product release date of the MedicalKeyring™ by August of this year. 

During the past months the company has devoted much of its attention on its pending patent litigation lawsuit against both Visa and MasterCard. The company is suing Visa for an excess of $7 Billion and MasterCard for an excess of $6 Billion. She further said that SmartMetric decided to cut short its latest round of fund raising in order to maximize the interests of its shareholders. During its fund raising, the company saw a substantial increase in its share price and it became obvious that it would be unfair to existing shareholders if the company continued to sell shares at what is now seen as a very low price. Ms. Chaya Hendrick also said that the company has sufficient cash reserves to proceed with the launch of its MedicalKeyring™ and that it may seek further funding to launch this year its Biometric Fingerprint Activated Credit, Debit and Identity Card. 

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

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 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.

Contact Information

  • Contact:
    Investor Relations:
    Jens Dalsgard
    ConstellationAA.com
    415.524.8500


    SmartMetric, Inc.
    Ms. Chaya C. Hendrick
    President & CEO
    Office: 786.294.6000
    Direct: 305.607.3910
    ceo@smartmetric.com