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 firstname.lastname@example.org email@example.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, firstname.lastname@example.org, for mobiclear, Inc., email@example.com
mobiclear Names Paul Pasion, Payments Industry Expert, as CIO
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