mobiclear Issues Letter to Shareholders Updating Progress
January 27 2009 - 8:58AM
PR Newswire (US)
MANILA, Philippines and LAGUNA HILLS, Calif., Jan. 27
/PRNewswire-FirstCall/ -- mobiclear Inc. (OTC Bulletin Board: MOBI;
Frankfurt: B3CA), (http://www.mobiclear.com/), today issued the
following letter to its shareholders: As we leave the hectic year
of 2008, and look forward to an improving worldwide economic
picture in 2009, it is good to take a look at where we are, and the
direction in which we are headed. mobiclear starts 2009 much
different than how it began 2008. A new CEO, COO, CFO and other
management changes, including the important addition of the Chief
Information Officer (CIO), have brought a new, fresh, positive look
to the business. We have undertaken an aggressive program to
strengthen and enhance the scalability of the mobiclear personal
identification verification technology. This technology is being
branded under the name PIVOT, to emphasize that it provides
"Personal Identification Verification On - Time." The enhanced
technology is intended for use in relatively small local functions
as well as major, international applications. PIVOT significantly
enhances the security of transactions since it provides "out of
channel authentication," or "ooca," otherwise known as "out of band
authentication," or "ooba" using two independent communication
channels. OOCA/OOBA is more secure than the traditional "two factor
authentication" using a simple token, that still traverses the
single channel of the Personal computer. In addition to the PIVOT
product, we are excited about developments in the integration of
Voice over Internet Protocol (VoIP) to the PIVOT system. This
offers cost and reliability benefits over the traditional public
telephone distribution system. VoIP provides more timely connection
and transaction message delivery than SMS based systems. We have
made appreciable progress with providers to ensure reliable and
cost effective service levels. We continue to work with providers
to strengthen this method. The global financial system crisis has
caused some potential clients to focus on loss prevention and
mitigation. This provides mobiclear with enhanced opportunities,
since clients are seeking to provide more security to on-line
banking, credit/debit card transactions and other electronic funds
transfers. Our recent discussions with potential clients have shown
strong interest in the PIVOT system. We are currently meeting with
a number of clients, who are very interested in integrating PIVOT
with their current hardware/software, and moving toward the signing
of agreements for further project development and implementation.
To help secure client systems, mobiclear is developing additional
security appliances based on the products acquired from Bastion
Payment Systems. These leading edge appliances will be ready for
testing in the second quarter of 2009 and include a firewall that
will reduce risks of database and network compromise by acting as a
barrier to "infections" and breaches from outside sources and an
"anti-DDOS system," that reduces risks of distributed denial of
service attacks, which can cripple or destroy on-line businesses.
Overall, the future looks bright. The PIVOT, combined with the
firewall, and anti-DDOS appliances, will result in a much more
robust product line, and we expect that commercial installation
should be available in Q2 2009. The Company structure remains
strong. It should be a good year, and a good future. We want to
thank those shareholders who have stayed with mobiclear and we look
forward to introducing the Company to a new group of stakeholders
in 2009. Sincerely, Stephen P. Cutler CEO 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 On
- Time system. It also offers products to ensure against fraud in
all electronic transactions, including telephone and Internet
transactions. This news release may contain "forward-looking"
statements. These forward-looking statements are only predictions
and are subject to certain risks, uncertainties and assumptions.
Actual results may differ materially from the forward-looking
statements in this press release. Additional risks and
uncertainties are identified and described in the Company's SEC
reports. 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 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, E & E Communications,
+1-949-707-5365, , , for mobiclear Inc. Web Site:
http://www.mobiclear.com/
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