Why ESMT Might Break Lose in Coming Months:
E-Smart Technologies
Mass production of our Super Smart Card™. We anticipate first deliveries to commence in October with a build-up and full roll out of millions of pieces per month beginning in January 2005. Revenues are expected to begin concurrently with delivery. There is no doubt that we will be in the position to deliver in excess of 100 million cards during calendar 2005.
SAMSUNG SDS AGREEMENT BEARS FRUIT:
The first fruit from the Master Teaming Agreement signed by e-Smart with Samsung SDS several months ago materialized last week with the execution and announcement of a joint project with Samsung SDS and private Korean company, Kobile, for the supply, implementation and operation of a “Student Management Card Project” in Korea. The Company has already made provision for the without recourse to the Company project finance necessary to implement this system with a major U.S. based financial institution. The feasibility study prepared for this project by Samsung SDS over the course of approximately twelve months, projects a very profitable business for our Company for many years to come. As previously stated, Samsung SDS has forecasted minimum revenues of in excess of US$ 600 million over the course of the first six years of operation alone. The project will commence upon the execution of final project finance and project documents.
ASIA IC CARD FORUM – “ONE CARD, ONE ASIA”:
A series of meetings followed the Conference culminating in our being asked to present proposals for pilot systems or to enter into negotiations for systems in a number of countries. Each of these countries, their government and commercial entities are looking to e-Smart’s BVS2™ platform, Super Smart Card™ and unique system technologies to provide the most advanced solutions to their growing burden of identity theft, financial fraud and/or the threat of terrorism.
e-Smart Technologies, Inc. (OTC Pink Sheets: ESMT - News; "e-SMART" or the "Company") is pleased to announce that it has entered into a "Mutual Cooperation Agreement" with Daewoo International Corporation through its e-Smart Korea, wholly owned subsidiary. Daewoo International, headquartered in Seoul, Korea, is a leading global corporation specializing in international trade; infrastructure, resource and project development; and information technology solutions. e-Smart is the exclusive supplier for Asia and the USA of the Biometric Verification Security System™ ("BVS2™"), featuring the Super Smartcard™, believed to be the world's only commercially available smartcard with a full on-card system for biometric ID verification.
Las Vegas, Nevada, and Seoul Korea, March 4 /PRNewswire-FirstCall/ — e-Smart Technologies, Inc. (OTC Pink Sheets: ESMT - News; "e-SMART" or the "Company") is pleased to announce that its wholly owned subsidiary, e-Smart Korea, has entered into a “Master Teaming Agreement” with Samsung SDS Co., Ltd. Samsung SDS is the leading global IT solutions provider in Korea with an annual revenue of in excess of US $1.43 billion. e-Smart is the exclusive supplier for Asia and the USA of the Biometric Verification Security System™ (“BVS2™”), featuring the Super Smartcard™, believed by e-Smart to be the world’s only commercially available smartcard with a full on-card system for biometric ID verification.
DEVELOPMENTS IN KYRGYZSTAN:
Our Kyrgyzstan project is on course and our Korean subsidiary is in the process of finalizing our team partners and final project specifications. In addition, we have decided to bid on a World Bank financed, central banking system project for interbank payments in Kyrgyzstan. This approximate US$ 10 million project is ideally suited for the implementation of the Company’s BVS2™ platform. Regardless of the outcome of this tender, we will still proceed with our previously agreed project there for a Super Smart Card™ based payment and ID system.
e-Smart Signs New China Deal
The Company Believes that Both Chinese Government and U.S. Government Approval Likely
Las Vegas, Nevada, March 29 /PRNewswire-FirstCall/ — e-Smart Technologies, Inc. (OTC Pink Sheets: ESMT - News; "e-SMART" or the "Company") is pleased to announce that it has entered into a "Cooperation Agreement" with two Chinese corporations, one principally owned by entities controlled by the Chinese Ministry of Information Industry ("MII") and another principally owned and controlled by Chinese persons involved in media and public relations in China.
"No matter how many times you save the world, it always manages to get back in jeopardy again! I feel like the maid; "I just cleaned up this place! Can't you keep it clean for ten minutes!"
