NEWS 9/10/2009 VerifySmart(TM) Corp. Launches New System and Enhanced WebsiteLast update: 9/10/2009 12:23:00 PMTAGUIG, METRO MANILA, Philippines, Sept 10, 2009 /PRNewswire-FirstCall via COMTEX/ -- VerifySmart(TM) Corp. (VSMR: OTCBB): VerifySmart(TM) (VSC) ("VerifySmart" or the "Company"), a global leader in secure and fraud free payment processing services, is pleased to announce the tandem launch of its integrated and holistic e-commerce system 'VerifyNGo', and an enhanced website.
VerifyNGo Authentication technology is live and compatible with Canada's largest wireless carriers including Roger's Wireless, TELUS Mobility, Bell Mobility, Fido, Virgin Mobile Canada, SaskTel Mobility, NorthernTel Mobility and Telebec Mobilite, a strategic benefit that the Company believes will allow it to advantage a significant share of the growing credit and debit card fraud prevention market. According to the Canadian Bankers Association, combined card fraud losses in 2008, exceeded one-half billion dollars in Canada alone.
This significant milestone is the first phase in providing secure debit and credit card transactions in the Canadian market. Canadian based customers can now enjoy the convenience of using anyone of VerifySmart's three methods of authentication; SMS (Short Message Service), VIR (Voice Intelligence Response) and Internet. By targeting a conservative five-percent capture of the total card fraud market, the Company anticipates revenues in excess of $25 million CAD.
About VerifySmart (TM) Corp. VerifySmart (TM) is a fully reporting issuer with the shares traded on the "OTCBB". The company's mandate is to market, sell and manage fraud prevention products and services as an exclusive licensee. An international company, VerifySmart's(TM) patent-pending technology is garnering world wide attention and rapidly gaining acceptance across a security challenged industry.
Forward Looking Statements This current report contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this current report which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainty of financial estimates and projections, the competitive and regulatory environment for start up software companies, stock market conditions, unforeseen technical difficulties and our ongoing ability to operate a business and obtain financing. These forward-looking statements are made as of the date of this current report, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Although we believe that our beliefs, plans, expectations and intentions contained in this current report are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the 2008 fiscal year, our quarterly reports on Form 10-Q and our other periodic reports filed from time-to-time with the Securities and Exchange Commission pursuant to the Securities Exchange Act.
Corporate Headquarters
Fort Legend Towers, Suite 2002 -
3rd Avenue corner 31st Street
E-Square,
Fort Bonifacio Global City, Taguig
Metro Manila, Philippines
Investor Relations 1-800-685-1584 Questions or Feedback inquiry@verifysmart.com SOURCE VerifySmart Corp.
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