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E-Smart Selected for Gwangju City, Korea, 'Digital Ubiquitous Model City' Project

Posted on: Monday, 4 June 2007, 09:00 CDT

WASHINGTON and GWANGJU, South Korea, June 4 /PRNewswire-FirstCall/ -- e-Smart Technologies, Inc., (Pink Sheets: ESMT); ("e-Smart" or the "Company") is pleased to announce it has entered into an agreement with Gwangju City, South Korea.

Pursuant to the terms of the Agreement, e-Smart will provide the Company's Biometric Verification Security System, (BVS2)(TM) and its Super Smart Card(TM) for processing of payment, ID, e-Government and other e-Commerce related transactions. As part of Gwangju City's "Future Strategic Industries" initiative, the City's leadership is initiating a model for the future, nationwide, with the 'Ubiquitous Digital City' project utilizing e-Smart's Super Smart Card(TM) and advanced Biometric Verification Security System (TM) technologies. e-Smart's proprietary biometric technology will be utilized by an estimated 300,000 card holders in a number of government applications, including the City's Auto Fare Collection Card, Electronic Cash Receipt Program, transportation, merchant terminals, and college information and security systems, to provide Gwangju's citizens with convenience, safety and security of the future.

"I'm very happy," said Tamio Saito, CTO of e-Smart, "that the company's advanced technology was selected as the technology of the future for such an ambitious project, laying the groundwork for the exciting technological advances being introduced in Gwangju City with e-Smart's technology for its 'Digital City' project. This project is a model for all of Korea to follow and is the first phase to connect all cities in Korea on a nationwide ID and verification network. I commend the City's leadership for their continued great vision of the future, which they have demonstrated so successfully in the past."

"This is a very important project in Korea," said Mary Grace, CEO of e-Smart, "and it will establish a foundation for the ID and transaction network, which we believe will generate significant recurring revenues for e-Smart and our Gwangju City partners. I'm enthusiastic about and confident in the revenue generating growth prospects of this project."

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.

For more information about e-Smart Technologies, please visit http://e-smart.com/ or contact Media Relations at 703-768-7477.

e-Smart Technologies, Inc.

CONTACT: e-Smart Technologies, Media Relations, +1-703-768-7477

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

Source: PRNewswire-FirstCall

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