E-Smart Technologies (fka ESTT)

[ahumblefool]

Good questions and I will try and answer them as best as I can.

Staff: E-Smart is only the licensing end of the company, basically the sales staff, so, they do not need a large staff. IVI Smart has a larger research and development staff that is headed by Tamio Saito. They will work with Kobile and Samsung to implement the smart card technology in Korea. I do not know how many employees IVI has but I will find out and post here. E-Smarts biggest hurdle towards ramping up contracts is its current financial state. They have not wanted to bring in investment companies, at least that is what I think, so they have been utilizing friends, families and investors that have gotten wind of the company. I know for a fact that right now they are currently seeking a large outside source for a loan against the contracts they have signed, they are receiving assistance in this endeavor from the board. I believe they will be successful.

The SEC issue is a giant weight on the shoulders of this company. I have been told that the end to this should occur at the end of this month middle of next, in favor of E-Smart. This has most definately weighted down the price of this stock. I will post here when I hear anything significant, although the judge has already ruled in E-Smarts favor once.http://www.sec.gov/litigation/opinions/34-50030.htm

Trades on this company are low due to the low float available to the public, currently under 40 million. Most of the stock holders are friends, family and private investors that are close to E-smart. They know what is going on behind the scenes, so, they are holding on to their shares. The shares that are currently trading, this is my opinion only, are people who bought shares in the .15 to .30 range and are selling them off a little here and there. Also, some people who bought this stock long ago are no longer in the loop of what is taking place, so they are doling out shares. It is difficult to buy shares, as I have waited for two weeks sometimes for a transaction to close.

Hope this helps.