SmartMetric on Track to Release MedicalKeyring August 2013
June 04 2013 - 2:36PM
Marketwired
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.
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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
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