SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

May 19, 2014 15:13 ET

SmartMetric Says Continued Exponential Growth in Chip Card Adoption in the United States Along With the Extraordinary Growth in Card Fraud Supports Its Patent Infringement Claim Against Visa Inc. & MasterCard International of $13.4 Billion, Now Before the United States Federal Circuit Court

NEW YORK, NY--(Marketwired - May 19, 2014) - SmartMetric, Inc. (OTCQB: SMME) -- According to a report published on a newswire by EMV Migration Forum, an estimated 17 million to 20 million Chip Cards have already been issued in the United States with an expected hundred million or more cards expected to be issued next year. At the same time a recent report by Javelin Strategy and Research says that the direct dollars lost from credit card fraud in 2013 rose dramatically in the United States, reaching $11 Billion from $8 Billion in 2012. 

Both figures point to underlying economics of Chip Cards in the United States and show the huge gains in using this technology that is at the heart of the SmartMetric $13.4 billion patent infringement case it has brought against both Visa Inc. and MasterCard International, said SmartMetric President & CEO, Chaya Hendrick.

About SmartMetric, Inc.
SmartMetric, Inc. is a technology development company that designs and engineers its advanced products utilizing the company's expertise in miniaturizing electronics. The company has developed miniature fingerprint self powered fingerprint scanners and readers that fit inside credit and identity cards 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.

Contact Information

  • CONTACT INFORMATION
    Investor Relations
    EraStar, Inc.
    Steffan Dalsgaard
    President
    Las Vegas World Headquarters
    (702) 480-9800 office

    SmartMetric, Inc.
    Ms. Chaya C. Hendrick
    President & CEO
    Office: 305.503.8157
    Direct: 786.269.2238
    Email: ceo@smartmetric.com