Loading, Please Wait...
NEW YORK, Aug. 21, 2018 (GLOBE NEWSWIRE) -- SmartMetric, Inc. (OTCQB:SMME) – SmartMetric has signed a Sales and Distribution Agreement with GPC (General Plastic Corp S.A.) who is one of the largest credit card manufacturers in Argentina.
“We are excited about this new relationship with GPC as it gives us direct entrée into the largest Banks issuing credit cards in this part of the world,” said today SmartMetric’s President and CEO, Chaya Hendrick.
“Our expectation is with the opening of this new biometric card business unit with SmartMetric, it will bring us more opportunities over the regional market where we are already a strong company servicing the largest credit card issuing Banks. The SmartMetric biometric card product is the future. So, we are excited to be moving forward with this next generation biometric credit card developed by SmartMetric,” said Eduardo Voloschin, President of GPC.
SmartMetric makes the advanced biometric fingerprint card that has an inside the card fingerprint scanner that is used to biometrically validate the card holder and activate the card prior to it being inserted into a payments terminal or ATM. The SmartMetric biometric card has been designed and manufactured by SmartMetric, Inc. and is being distributed through key strategic card manufacturers in various parts of the World.
The SmartMetric biometric card is protected by five (5) “issued” patents. Additional patents are pending.
To view a video of the SmartMetric credit card follow this link SmartMetric Biometric Credit Card Video
Safe Harbor Statement: Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Also such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, if we are unable to access the capital necessary to fund current operations or implement our plans for growth; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
Everest Corporate Advisors, Inc.