MANILA, Philippines, and LAGUNA HILLS, Calif., Oct. 6
/PRNewswire-FirstCall/ -- mobiclear, Inc. (OTC Bulletin Board: MOBI;
Frankfurt: B3CA), (
http://www.mobiclear.com
), owner of the unique, patent
pending Personal Identification Verification solutions system to help
eliminate credit and debit card fraud, announced today that Paul Pasion, an
expert in the payments and financial software development industry, has been
named Chief Information Officer for mobiclear.
As CIO, Mr. Pasion will be responsible for managing the ongoing
development and deployment of all mobiclear technologies. "We are delighted
to add an executive with the breadth of talent and depth of experience that
Paul has attained for this vital position at our Company," said Stephen P.
Cutler, mobiclear CEO.
Mr. Pasion was an executive with Bastion Payment Systems Corporation
(
http://www.bastionpaymentsystems.com
), where his team successfully launched
the Philippines' leading transaction processing gateway and various other
world class payment management systems. He worked in Japan for eight years
for the Ebara Corporation, managing a variety of Overseas Development Aid
projects with Japan Bank for International Cooperation, Asian Development Bank
and World Bank. He earned degrees in Economics and Asian Studies from Oberlin
College in Ohio.
About mobiclear:
mobiclear, Inc. (OTC BB: MOBI; Frankfurt: B3CA),
(
http://www.mobiclear.com
), headquartered in Manila, Philippines, offers a
range of solutions to credit card and debit card fraud based on its
patent-pending Personal Identification Verification system. It also offers
products to ensure against fraud in all electronic transactions, including
telephone and Internet transactions.
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.
SOURCE mobiclear, Inc.
CONTACT: Paul Knopick of E & E Communications, +1-949-707-5365,
pknopick@eandecommunications.com
, for mobiclear, Inc.,
investorrelations@mobiclear.com
