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mobiclear Names Paul Pasion, Payments Industry Expert, as CIO



mobiclear Names Paul Pasion, Payments Industry Expert, as CIO

  PR Newswire

  MANILA, Philippines, and LAGUNA HILLS, Calif., Oct. 6

MANILA, Philippines, and LAGUNA HILLS, Calif., Oct. 6 /PRNewswire-FirstCall/
-- mobiclear, Inc. (OTC Bulletin Board: MOBI; Frankfurt: B3CA),
(http://www.mobiclear.com), owner of the unique, patent pending Personal
Identification Verification solutions system to help eliminate credit and
debit card fraud, announced today that Paul Pasion, an expert in the payments
and financial software development industry, has been named Chief Information
Officer for mobiclear.

As CIO, Mr. Pasion will be responsible for managing the ongoing development
and deployment of all mobiclear technologies. "We are delighted to add an
executive with the breadth of talent and depth of experience that Paul has
attained for this vital position at our Company," said Stephen P. Cutler,
mobiclear CEO.

Mr. Pasion was an executive with Bastion Payment Systems Corporation
(http://www.bastionpaymentsystems.com), where his team successfully launched
the Philippines' leading transaction processing gateway and various other
world class payment management systems. He worked in Japan for eight years for
the Ebara Corporation, managing a variety of Overseas Development Aid projects
with Japan Bank for International Cooperation, Asian Development Bank and
World Bank. He earned degrees in Economics and Asian Studies from Oberlin
College in Ohio.

About mobiclear:

mobiclear, Inc. (OTC BB: MOBI; Frankfurt: B3CA), (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

SOURCE mobiclear, Inc.

Website: http://www.mobiclear.com
Website: http://www.bastionpaymentsystems.com
Contact: Paul Knopick of E & E Communications, +1-949-707-5365,
pknopick@eandecommunications.com, for mobiclear, Inc.,
investorrelations@mobiclear.com
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