mobiclear Announces its Personal Verification System Now in Operational Mode
December 08 2008 - 8:41AM
PR Newswire (US)
- Worldwide Credit Card Fraud Attacked - MANILA, Philippines and
LAGUNA HILLS, Calif., Dec. 8 /PRNewswire-FirstCall/ -- mobiclear,
Inc. (OTC Bulletin Board: MOBI; Frankfurt: B3CA),
(http://www.mobiclear.com/), owner of the unique, patent pending
Personal Identification Verification (PIV) solutions system to help
eliminate credit and debit card fraud, said today that its PIV
platform is now in operational mode and that testing is imminent.
"This is a major step forward for mobiclear and its shareholders,"
said Stephen P. Cutler, CEO. "mobiclear has invented and developed
a process to allow customers worldwide to either confirm a card
(credit, debit, ATM, prepaid) transaction using their cell phone,
or to switch off their credit and debit cards, which will thwart
anyone trying to commit fraud." "Worldwide online credit fraud
alone costs businesses more than $100 billion annually, according
to published reports," Mr. Cutler said. "We are confident that our
technology can dramatically reduce these losses." mobiclear's CEO
said that bringing the PIV system into operational mode has gone
smoothly. "We are looking forward to successful test results and to
the subsequent full-scale commercial operation of our system," Mr.
Cutler said. 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, , or ,
for mobiclear, Inc. Web site: http://www.mobiclear.com/
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