"The stunning news that perhaps 100 million credit and debit cards in
total could be impacted is as good as an advertisement for the merits of our
products," said
"Based on Personal Identification Verification technology that requires an immediate cellphone/telephone PIN confirmation via an encrypted voice net by the card holder for a transaction to be approved, mobiclear has invented a way to allow consumers 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. Use of the mobiclear technology tremendously reduces the ability of hackers to improperly use credit cards," Mr. Cutler said.
"Our unique, patent pending Personal Identification Verification solutions system means banks can offer customers a whole new level of protection," Mr. Cutler said. "We can ensure that a credit card won't be illegally used."
The data breach announced today in
ABOUT mobiclear: mobiclear, Inc. (OTC BB: MOBI),
(http://www.mobiclear.com), headquartered in
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 investorrelations@mobiclear.com pknopick@eandecommunications.com
SOURCE mobiclear, Inc.