mobiclear Says It Could Avoid Illegal Use of 100 Million Credit Cards
August 07 2008 - 6:00AM
PR Newswire (US)
MANILA, Philippines and LAGUNA HILLS, Calif., Aug. 7
/PRNewswire-FirstCall/ -- mobiclear, Inc. (OTC:MOBI) (BULLETIN
BOARD: MOBI) , (http://www.mobiclear.com/), owner of the unique,
patent pending Personal Identification Verification solutions
system to help eliminate credit and debit card fraud, said today
that the U.S. Justice Department's announcement that more than 41
million credit and debit card numbers have been stolen is excellent
evidence on why the system mobiclear is bringing to the world's
marketplace is so vital. "The stunning news that perhaps 100
million credit and debit cards in total could be impacted is as
good as an advertisement for the merits of our products," said
Stephen P. Cutler, mobiclear CEO. "Based on Personal Identification
Verification technology that requires an immediate
cellphone/telephone PIN confirmation via an encrypted voice net by
the card holder for a transaction to be approved, mobiclear has
invented a way to allow consumers to either confirm a transaction
via using their PIN confirmation by cellphone, or to switch off
their credit and debit cards when not in use. Use of the mobiclear
technology tremendously reduces the ability of hackers to
improperly use credit cards," Mr. Cutler said. "Our unique, patent
pending Personal Identification Verification solutions system means
banks can offer customers a whole new level of protection," Mr.
Cutler said. "We can ensure that a credit card won't be illegally
used." The data breach announced today in Washington, D.C., is
believed to be the largest hacking and identify theft case ever.
ABOUT mobiclear: mobiclear, Inc. (OTC BB: MOBI),
(http://www.mobiclear.com/), headquartered in Manila, Philippines,
offers a range of solutions to credit card and debit card fraud
based on its patent- pending Personal Identification Verification
system. It also offers products to ensure against fraud in all
electronic transactions, including telephone and Internet
transactions. Note: Certain statements in this news release may
contain "forward- looking" information within the meaning of rule
175 under the Securities Act of 1933 and Rule 3b-6 under the
Securities Act of 1934 and are subject to the safe harbor created
by those rules. We use words such as "anticipate," "believe,"
"expect," "future," "intend," "plan," and similar expressions to
identify forward-looking statements. These statements including
those related to being in a large and growing market, exhibiting
rapid growth characteristics, and having a growth strategy, are
forward looking statements. These forward looking statements are
only predictions and are subject to certain risks, uncertainties
and assumptions. Some of the risks, uncertainties and assumptions
that could cause actual results to differ materially from estimates
or assumptions in this press release include the risk that we will
not be able to grow our revenues and market share, the risk that
our prices do not remain competitive and the risk that we will not
achieve profitability. Additional risks are identified and
described in the Company's public filings with the Securities and
Exchange Commission, including our most recent Report on Form
10-KSB, and Reports on Form 10-Q and Form 8-K. Statements made
herein are as of the date of this press release and should not be
relied upon as of any subsequent date. The Company's past
performance is not necessarily indicative of its future
performance. The Company does not undertake, and the Company
specifically disclaims, any obligation to update any
forward-looking statements to reflect occurrences, developments,
events, or circumstances after the date of such statement. CONTACT:
mobiclear, Inc. Paul Knopick E & E Communications (949)
707-5365 DATASOURCE: mobiclear, Inc. CONTACT: Paul Knopick of E
& E Communications, +1-949-707-5365, , , for mobiclear, Inc.
Web site: http://www.mobiclear.com/
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