SmartMetric, Inc. Confirms Settlement Discussions in Its Litigation With MasterCard and Visa
November 15 2010 - 9:09AM
Marketwired
On November 10, 2010, SmartMetric, Inc. (OTCBB: SMME) and
defendants Visa and MasterCard entered into a postponement
stipulation, as filed with the United States District Court, to
extend the November 10, 2010 report filing deadline to November
30th. The Stipulation confirms that the Company has engaged in
certain settlement discussions with one of the two defendants, and
further indicates the Company's intention to continue its
settlement discussions. There can be no assurance, however, that
any settlement will be reached with either defendant.
A copy of the 8-K and the Stipulation can be accessed with the
following links:
http://sec.gov/Archives/edgar/data/1301991/000101376210002657/form8k.htm
http://sec.gov/Archives/edgar/data/1301991/000101376210002657/ex991.pdf
SmartMetric, Inc. is a publicly traded company based in Florida.
For more information please visit us at www.smartmetric.com or
email: C Hendrick at ceo@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.
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Investor Relations Contact: Redwood Consultants, LLC
415-524-8500
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