mobiclear Says It Could Avoid Illegal Use of 100 Million Credit Cards

2008-08-07 04:00:00

mobiclear Says It Could Avoid Illegal Use of 100 Million Credit Cards

    MANILA, Philippines and LAGUNA HILLS, Calif., Aug. 7

/EMWNews/ -- mobiclear, Inc. (OTC Bulletin Board: MOBI),

(http://www.mobiclear.com), owner of the unique, patent pending Personal

Identification Verification solutions system to help eliminate credit and

debit card fraud, said today that the U.S. Justice Department's

announcement that more than 41 million credit and debit card numbers have

been stolen is excellent evidence on why the system mobiclear is bringing

to the world's marketplace is so vital.



    "The stunning news that perhaps 100 million credit and debit cards in

total could be impacted is as good as an advertisement for the merits of

our products," said Stephen P. Cutler, mobiclear CEO.



    "Based on Personal Identification Verification technology that requires

an immediate cellphone/telephone PIN confirmation via an encrypted voice

net by the card holder for a transaction to be approved, mobiclear has

invented a way to allow consumers to either confirm a transaction via using

their PIN confirmation by cellphone, or to switch off their credit and

debit cards when not in use. Use of the mobiclear technology tremendously

reduces the ability of hackers to improperly use credit cards," Mr. Cutler

said.



    "Our unique, patent pending Personal Identification Verification

solutions system means banks can offer customers a whole new level of

protection," Mr. Cutler said. "We can ensure that a credit card won't be

illegally used."



    The data breach announced today in Washington, D.C., is believed to be

the largest hacking and identify theft case ever.



    ABOUT mobiclear: mobiclear, Inc. (OTC BB: MOBI),

(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.




CONTACT: mobiclear, Inc. Paul Knopick E & E Communications (949) 707-5365 investorrelations@mobiclear.com pknopick@eandecommunications.com

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