e-Smart Technologies, Inc., Delivers First of Five Million Super Smart Cards in Busan, Korea

e-Smart Technologies, Inc., Delivers First of Five Million Super
Smart Cards in Busan, Korea 


WASHINGTON and BUSAN, South Korea, July 26  /PRNewswire-FirstCall/ -- e- Smart
Technologies, Inc., (Pink Sheets: ESMT); ("e-SMART" or the Company") is pleased
to announce that on July 25th, the Company celebrated the roll out of its
inaugural Super Smart Card(TM), in Busan ("Pusan"), Korea at a ceremony
sponsored by the Busan City Government, the Pusan Bank, Busan Chamber of
Commerce and Industry, Busan Bus Association, Busan Urban Transit Authority,
Daewoo International Corporation, Korea's major broadcasting bureaus, and
Korea's major daily newspapers.

The ceremony was attended by distinguished guests and Korean and other
government officials from China's Ministry of Information Industry and China's
Ministry of Construction, Indonesia's Primrose Group (former IBRA principals),
Singapore Technologies, etc.  As part of the ceremony, these distinguished
guest were provided a first hand look at the new e-Smart-MYbi card on a tour
that took them to the AFC infrastructure subway stations, bus terminals, toll
gates, universities (student card) and banks.

Pursuant to the Agreement signed on July 23rd between e-Smart Technologies,
Inc., and Mybi Company Ltd., e-Smart began distribution of the first
multi-application e-currency biometric smart card to be used in Busan as a
digital city, e-government ID card, payment card for mass transportation,
banking, point of sale, internet and other diverse financial payment card
transactions.

The Mybi Company, Ltd., is the largest e-Currency infrastructure provider in
Korea for public transportation and micro payments. The e-Smart-Mybi Payment
Card Project integrates Mybi's e-Currency product into e-Smart's Super Smart
Card(TM) -- all payment and security card -- and at a ceremony attended by
Korean and other government officials and distinguished guests; e-Smart
delivered the first e-Smart /Mybi Super Smart Card(TM) to the Mayor of Busan.
e-Smart's contract with Mybi calls for the distribution of a minimum of  5
million e-Smart-Mybi Super Smart Cards(TM) to Mybi's existing and new users
initially in the Busan area and 9 other major cities where the Mybi system
operates.

e-Smart is the exclusive provider of the Biometric Verification Security
System(TM) (BVS2)(TM), featuring the Super Smart Card(TM) for Asia and the US,
which experts believe to be the world's only commercially available smartcard
with a full on-card matching system for biometric ID verification. e-Smart's
systems and products enable government agencies and commercial enterprises to
continuously and securely verify the identity of citizens, personnel, customers
and any other persons seeking physical or logical access, offering what experts
believe to be the highest form of identity-based and credential- based security
available today.

Commenting on the inaugural roll out event, Mary Grace, President and CEO of
e-Smart said "The e-Smart-MYbi system will provide an unparalleled system of
privacy, convenience, safety and security -- security that is critically
important today with the rise in identity theft, financial fraud and terrorist
attacks. The e-Smart system can be configured as a terrorist prevention system
which could help prevent attacks as in London, Egypt, Spain and the US.

SAFE HARBOR STATEMENT:

Statements in this news release that relate to future plans, financial results
or projections, events or performance are forward-looking statements within the
meaning of Section 27A of the Securities Act of 1033, as amended, and Section
21E of the Securities Exchange Act of 1034, as amended. While these statements
are made to convey to the public the Company's progress, business opportunities
and growth prospects, readers are cautioned that such forward-looking statements
represent the management's opinion. While management believes such
representations to be true and accurate based on information available to the
Company at this time, actual results may differ materially from those
described.

For more information about e-Smart Technologies, please visit
http://www.e-smarttechnologies.com/ 

DATASOURCE: e-Smart Technologies, Inc.



CONTACT:  e-Smart Media Relations, [phone]



Web site:  http://www.e-smarttechnologies.com/ 

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