e-Smart Technologies Welcomes New Chief Operating Officer
May 31 2007 - 9:00AM
PR Newswire (US)
WASHINGTON, May 31 /PRNewswire-FirstCall/ -- e-Smart Technologies,
Inc., (Pink Sheets: ESMT); ("e-Smart" or the "Company") is pleased
to announce that Richard Barrett has been named Chief Operating
Officer of the Company. As COO, Barrett will oversee the Company's
product development and implementation and serve as a strategic
partner with the Chief Technology Officer and engineers as they
develop strategies and tactics to meet the Company's long-term
goals. Barrett will manage operations to deliver payment solutions
and secure financial transaction systems for the company's clients
around the globe. Barrett is currently the Managing Director of
One-to-One Business Relationships, leading teams in technology
development, sales and marketing for more than twenty years. As a
leader in sales and marketing, Barrett has built sales
organizations for software systems, hardware products and services,
including to Fortune 500 companies such as Hewlett Packard, H.J.
Heinz, Intel, Compaq, AT&T and Seagate. Barrett focuses on
delivering the One-to-One Business Process to clients in a wide
variety of business markets, including RW3 Technologies, Media Net
Link, DoOnGo Technologies, Merrill Lynch and SellPoint. Barrett
also has extensive experience in emerging technology companies,
identifying the few, critical factors in a business situation which
will create value, then pushing forward to accomplish concrete
results. He identified emerging market trends in network computing
and built sales/marketing/development teams, creating revenue
streams for company growth. Barrett founded Adaptive Data Systems
(ADSI), which pioneered the Small Computer Systems Interface (SCSI)
standard and was a founding member of the American National
Standards Institute (ANSI) committee that established the SCSI
standard. He has been widely published in technical journals and
trade magazines and is a faculty member of the University of
Phoenix and holds MEE and BSEE from Rice University. Remarking on
his new position, Barrett said, "I'm excited and honored to join
such an impressive and talented group of people and look forward to
working with Mary Grace (CEO) and Tamio Saito (CTO) and the entire
e-Smart team to deliver the amazing technologies the company has
developed. e-Smart's technologies have the potential to
revolutionize the market for secure financial transactions. Of
course, the company's technologies will improve transaction
security and reduce financial costs for first-world nations and
their citizens. For the developing nations and their citizens, the
benefits of e-Smart technology may be even more powerful, as
transaction costs and fraud risk can be much higher in those
regions. I expect to play a key role in building e-Smart into a
prominent player in the global market for secure financial
services." e-Smart Technologies, Inc., is the exclusive supplier of
the Biometric Verification Security System(TM) (BVS2(TM)), the
Super Smart Card(TM) and related system technologies for Asia,
Africa and the US, which e-Smart believes to be the world's first
smartcard of its kind with an on-card sensor and a full match
on-card system and other unique technologies for secure biometric
ID verification. e-Smart's next generation technologies allow
governments, public and private institutions, healthcare providers
and insurers, companies large and small, to provide a superior
level of protection. The Super Smart Card(TM) and BVS2(TM) can
secure countries from criminal and terrorist threats, stop ID and
payment fraud, along with identity theft in connection with
physical and logical access and financial transactions, including
telephone, internet payment and other financial and data related
transactions all while protecting individual privacy. 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 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, 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.
DATASOURCE: e-Smart Technologies, Inc. CONTACT: Media Relations at
e-Smart Technologies, Inc., +1-703-768-7477, Web site:
http://www.e-smart.com/
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