mobiclear Names Paul Pasion, Payments Industry Expert, as CIO
October 06 2008 - 4:00AM
PR Newswire (US)
MANILA, Philippines, and LAGUNA HILLS, Calif., Oct. 6
/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,
announced today that Paul Pasion, an expert in the payments and
financial software development industry, has been named Chief
Information Officer for mobiclear. As CIO, Mr. Pasion will be
responsible for managing the ongoing development and deployment of
all mobiclear technologies. "We are delighted to add an executive
with the breadth of talent and depth of experience that Paul has
attained for this vital position at our Company," said Stephen P.
Cutler, mobiclear CEO. Mr. Pasion was an executive with Bastion
Payment Systems Corporation
(http://www.bastionpaymentsystems.com/), where his team
successfully launched the Philippines' leading transaction
processing gateway and various other world class payment management
systems. He worked in Japan for eight years for the Ebara
Corporation, managing a variety of Overseas Development Aid
projects with Japan Bank for International Cooperation, Asian
Development Bank and World Bank. He earned degrees in Economics and
Asian Studies from Oberlin College in Ohio. 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., Web
site: http://www.mobiclear.com/
http://www.bastionpaymentsystems.com/
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