SOURCE: SmartMetric, Inc.
NEW YORK, NY--(Marketwired - Nov 1, 2013) - SmartMetric, Inc. (OTCQB: SMME) -- Speaking today, SmartMetric™ Inc. President & CEO Chaya Hendrick said the company is moving forward with raising $5 million to fund expansion of its manufacturing and marketing efforts for both the medical keyring and fingerprint activated payment and ID cards. The company will also provide for, out of this round of capital raising, legal costs that may be required as the company moves forward with its patent infringement case against both Visa and MasterCard.
The SmartMetric Biometric activated EMV card provides absolute purchaser identity verification for both online and offline purchasing, providing a paradigm shift away from ever increasingly vulnerable traditional cards.
For further information on SmartMetric and its technology please go to www.smartmetric.com. For information on the SmartMetric™ MedicalKeyring™ please go to www.medicalkeyring.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.