mobiclear Announces Key Strategic Business Partnership With Transpacific Broadband Group International
February 17 2009 - 9:12AM
PR Newswire (US)
- Strategic Investment in mobiclear - MANILA, Philippines and
LAGUNA HILLS, Calif., Feb. 17 /PRNewswire-FirstCall/ -- mobiclear,
Inc. (OTC Bulletin Board: MOBI; Frankfurt: B3CA),
(http://www.mobiclear.com/), owner of the unique, patent pending,
Personal Identification Verification On-Time (PIVOT) solutions
system to significantly decrease worldwide credit and debit card
fraud, and other state-of-the-art computer security products, said
today that it has strengthened its strategic business cooperation
agreement with the Transpacific Broadband Group International, Inc.
(TBGI: Philippine Stock Exchange) (http://www.tbgi.net.ph/ ).
Transpacific, a subsidiary of the ATN Holdings, Inc. (ATN:
Philippine Stock Exchange), has agreed to provide collocation and
technical services, valued at $48,000, in exchange for 9,600,000
common shares of mobiclear. The Companies have also agreed to
jointly explore various sectors of e-commerce and communications
for mutual business interests. mobiclear will relocate its offices
and PIVOT data center to Transpacific's corporate headquarters, the
Philippine Economic Zoned 48 storey Summit One Tower in Mandaluyong
City, Metro Manila. "With Transpacific now becoming a significant
shareholder our strengthened alliance will provide mobiclear with
excellent broadband connectivity as well as local and international
telecommunications through Transpacific's association with
worldwide telephone companies," said Stephen P. Cutler, mobiclear
CEO. "This move both permits mobiclear to deliver its PIVOT
services in a more dynamic manner and also positions us to move
forward with other business opportunities with Transpacific."
Arsenio Ng, CEO, Transpacific, said that "we believe in mobiclear's
business model and technologies and we are pleased to make an
investment in them. We are confident that Transpacific and
mobiclear can build synergies together to increase payment and
e-commerce security in the business world." "mobiclear brings to
Transpacific technologies that will enhance the value of our
service to the Philippine community of users," Mr. Ng said. "This
development is significant given that, as announced last November,
a member of the Saudi Royal Family has signified his intent to
invest in Transpacific." Mr. Ng also said that Simoun Ung, a senior
executive with extensive background in the payment card industry,
especially in overseas remittance and as a third-party processor,
serves on the Board of Directors of both Transpacific and
mobiclear. About Transpacific Broadband Group International, Inc.:
Transpacific, an affiliate of ATN Holdings, Inc., holds a 25-year
Congressional Telecom Franchise for commercial telecommunications
and television broadcasting operations. It is working to become the
largest network for education, health care and development projects
both in the Philippines and other developing countries in Asia. It
owns and operates listed company a satellite earth station which
allows it to offer data services and network outreach to schools
and broadcasting stations. Its facilities house 20 studios for
media and postproduction services. It presently serves the
e-Education sector by providing Internet connectivity and computer
laboratories benefiting a million students presently and upwards of
10 million students within the next five years. In addition, the
broadcast firm provides real time nationwide satellite based
video/data feeds with ad insertions, broadband point-to-point
delivery, multimedia services, video conferencing, newswire and
remote data center co-location and management. 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: ; or Paul Knopick of E & E
Communications, +1-949-707-5365, , for mobiclear, Inc. Web Site:
http://www.mobiclear.com/
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