SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

May 25, 2010 07:00 ET

UPDATE: Wall Street Resources, Inc. Releases Analytical Profile on SmartMetric, Inc.

BAY HARBOR ISLANDS, FL--(Marketwire - May 25, 2010) -  SmartMetric, Inc. (OTCBB: SMME), a development-stage technology company focused on the development and commercialization of a patented and proprietary state-of-the-art biometric portable data card, today announces the release of an Analytical Profile on the Company, by micro-cap analyst Mr. Paul Silver, Director of Research for Wall Street Resources, Inc. The 31-page report includes detailed information on the Company's business model, products, industry, valuation, management and risks. Opinions stated in the report are those of Wall Street Resources, Inc. and not of SmartMetric, Inc.

The free report is available at: http://www.wallstreetresources.net/SMME.asp

Paul Silver stated, "SmartMetric has successfully developed the most sophisticated identity authentication solutions on the market and is on the verge of commercialization. Although it is nearly impossible to accurately predict sales or timing, the global demand for such an advanced identity protection technology is exploding. For investors, shares of SMME represent a unique buying opportunity for the speculative investor looking for exposure to the technology sector with limited downside and tremendous upside potential." 

Colin Hendrick, CEO of SmartMetric, stated: "We are very pleased that Wall Street Resources has released this Analytical Profile that highlights our achievements to-date and articulates our products and goals. With commercialization around the corner, we are excited about the next 12 months which will represent a new stage for SmartMetric and our investors."

About SmartMetric

SmartMetric, Inc. engages in the research and development of a biometric security solution that would authenticate the identity of a person in a self-contained credit card-sized device. The company is developing a credit card size plastic card embedded with an integrated circuit chip and biometric fingerprint sensor that provides identification of the user. Its target customers include government agencies, corporations, and organizations interested in identification cards. SmartMetric, Inc. was founded in 2002 and is based in Bay Harbor Islands, Florida. For more information, please visit: www.smartmetric.com

About the Analyst

Mr. Silver joined Wall Street Resources in 2006 as the Director of Research. He has been in the financial services industry since 1995 and began his professional career in auditing with a Big Four accounting firm in New York City. Mr. Silver made the move to Wall Street as a sell-side research analyst for two global investment banks in New York City including Salomon Smith Barney and UBS Paine Webber. At Salomon Smith Barney he was a member of the firm's research team covering REITs that was consistently ranked #1 by Institution Investor magazine. Most recently, Mr. Silver worked for a private equity firm as its Chief Investment Strategist.

Mr. Silver is a graduate of the College of William and Mary in Virginia with a BA in liberal arts and New York University's Stern Business School with an MBA in International Finance and Accounting.

About Wall Street Resources

Wall Street Resources, Inc. and its affiliated site http://www.wallstreetresources.net is a leading source for information on micro-to-small capital publicly traded companies and its principals have over 25 years of experience providing analysis on these companies. Wall Street Resources (WSR) acts as a conduit between micro-to-small capital company investors and emerging growth companies through its proprietary financial publications including daily and monthly newsletters, as well as comprehensive 20-50 page featured company reports. To sign up to receive WSR's financial publications go to: http://www.wallstreetresources.net/signup_basic.asp. WSR also provides business consulting services to help corporate executives by writing analytical reports, building financial models, and developing business plans.

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

  • For more information please contact:
    Investor Relations Contact
    Redwood Consultants, LLC
    415-884-0348

    Wall Street Resources, Inc.
    Gerald Kieft
    772-219-7525
    www.wallstreetresources.net