MOBICLEAR INC
MOBICLEAR INC ("MOBI-L")
- Names Paul Pasion, Payments Industry Expert, as CIO MANILA,
- Philippines, and LAGUNA HILLS, Calif., Oct. 6
mobiclear, Inc. (
http://www.mobiclear.com
), owner of the unique, patent
pending Personal Identification Verification solutions system to help
eliminate credit and debit card fraud, announced 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.
