mobiclear CEO Stephen Cutler in Internet Interview on Company's Products and Prospects
September 16 2008 - 4:00AM
PR Newswire (US)
MANILA, Philippines and LAGUNA HILLS, Calif., Sept. 16
/PRNewswire-FirstCall/ -- mobiclear, Inc. (OTC Bulletin Board:
MOBI; Frankfurt: B3CA), (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 President and CEO Stephen P. Cutler was interviewed
by Francis Gaskins, the well known analyst, on the Company's
business strategies, its products, and future plans. The complete
interview is available at http://www.stoxrox.com/mobi-b.mp3. "The
Personal Identification Verification technology helps to secure
credit card transactions in a new way. Credit cards are especially
vulnerable during 'on-line' transactions and other transactions
known as 'card not present.' mobiclear has invented a way to allow
customers 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," Mr. Cutler said in the interview. "Our 'two
channel/two factor' confirmation is unique in the industry," Mr.
Cutler, a former FBI investigator of international crimes,
including Internet fraud, said. "The potential reduction in fraud
and losses is what makes this technology so exciting to me. Reports
indicate worldwide credit fraud from online transactions costs
businesses more than $60 billion annually. Our technology can
dramatically reduce those losses significantly, and even a 10
percent reduction will save consumers more than $6 billion." The
interview also includes information on the mobiclear management
team, its suite of security products, and its potential for
significant business and revenue opportunities. ABOUT mobiclear:
mobiclear, Inc. (OTC BB: MOBI; Frankfurt: B3CA),
(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.; or
mobiclear, Inc., Web site: http://www.mobiclear.com/
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