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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey S. Mitchell who wrote (4154)	2/28/2003 7:10:25 AM
From: Arcane Lore	Read Replies (2) \| Respond to of 12465

Press Release Source: e-Smart Technologies, Inc. e-Smart Files Billion Dollar Suit Against Named and Unnamed Parties Thursday February 27, 4:51 pm ET SAN JOSE, Calif., Feb 27 /PRNewswire-FirstCall/ -- e-Smart Technologies, Inc. (OTC Pink Sheets: ESMT - News; "e-SMART" or the "Company") announced that it has filed the first of an expected series of both state and federal law suits in connection with, among other things, the stream of false and malicious allegations made by certain parties against the Company; its President, Mary Grace; and its System Architect and technology co-inventor, Wayne Drizin. The initial complaint as filed by e-Smart is against named and unnamed individuals for "Conspiracy to Interfere with Prospective Economic Advantage, Conspiracy to Slander and Defame, Conspiracy to Breach Fiduciary Duties and for Punitive Damages." The Complaint seeks compensatory damages of "not less than one billion dollars" in addition to unspecified "Punitive Damages." In their first public statements since December 12, 2002, when this matter came to a head, the e-Smart team had the following comments: Ms. Grace said: "It is a very sad period for the country when a small group of greedy and malicious individuals and companies can spread lies and manipulate individuals in our government to prevent the implementation of a real, better and advanced technology system that can protect our people, our property, our privacy, our civil liberties." Mr. Tamio Saito (noted inventor, e-Smart's CTO and co-inventor of e- Smart's technology) said: "As witnesses and survivors of 9/11 in New York and Washington D.C., Mary, Wayne and I have been driven by the thousands of sacrificed spirits to protect this country in the best way that we can, by perfecting and installing our biometric smartcard protection system throughout the USA. If our efforts are contaminated, attacked and destroyed by people in positions of power in this country; the only ones who gain are those who threaten our security." Mr. Drizin added: "We, at e-Smart, will 'leave no stone unturned' in our fight to get the truth about our Company and our products known. We remain dedicated to the protection of our fellow countrymen against identity theft and terrorist infiltration. Any person that thinks that e-Smart doesn't have fully functioning and integrated biometric technology and systems will either be very happily or very sadly mistaken -- happily, if they are on the side of those that want to protect this country in the way it should be protected or sadly if they are among those trying to push inferior products and technologies or trying to manipulate stock prices." Further details regarding this case will be released once all named parties have been served. About e-Smart Technologies, Inc. e-Smart holds the sole license to provide the BVS2(TM) (Biometric Verification Security System(TM)) in Asia, and together with its Government Services affiliate, Homeland Defense, Inc., in the United States. The BVS2(TM) together with its Super Smart Card(TM) subsystem and other offered peripherals will enable all government agencies and commercial enterprises to certify and continuously verify and manage identification and access of its citizens, personnel, customers and any other persons seeking physical or logical access. The BVS2(TM) is scalable and equally effective protecting a specified area or all borders of a country. The BVS2(TM) architecture is fault tolerant, redundant and trustworthy. With the BVS2(TM), there is no profiling or erosion of civil rights. 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 further information, contact e-Smart Technologies, Inc. Address: 1810 Old Oakland Road, Suite F, San Jose, California 95131 Phone: 408-321-0408 Facsimile: 408-321-0409 e-Mail: sales@e-smarttechnologies.com web address: www.e-smarttechnologies.com -------------------------------------------------------------------------------- Source: e-Smart Technologies, Inc. biz.yahoo.com