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Biometric Reader Inside a Credit Card Safer Than Passwords; SmartMetric Announces Its Miniature Fingerprint Reading Technology to Provide a Revolutionary Solution for Risky Passwords for the 1.5 Billion Chip & Pin Credit Cards Issued by Banks

BAY HARBOR, FL--(Marketwire - Jan 18, 2013) -  SmartMetric, Inc. ( OTCQB : SMME ) -- Speaking today, The President and CEO of SmartMetric, Inc., Ms. Chaya C. Hendrick, said, "The time has come to rethink the use of dangerously vulnerable passwords." She said that a report this week by the Global consulting firm, Deloitte, on the weakness of passwords is only one of many such analyses over the past 2 years in particular, that has revealed the dangerous vulnerability our financial sector is in from the use of vulnerable "old tech" passwords. 

In a report released this week by Deloitte it was confirmed what SmartMetric knew was the case for a long time, regarding the vulnerability of passwords. Deloitte has been quoted this week saying, "Mr. Barker of Deloitte stated inadequate password protection may result in billions of dollars of losses, declining confidence in internet transactions and significant damage to the reputations of the companies compromised by attacks. As the value of the information protected by passwords continues to grow, attracting more hack attempts, high-value sites will likely require additional forms of authentication."

The CEO and President of SmartMetric, Ms. Chaya Hendrick, stated today this acknowledged weakness of passwords is behind the ten year research and development effort SmartMetric has undertaken to create any easier and safer security method to replace the vulnerable and old password protection methodology. 

SmartMetric's biometric fingerprint reader that fits inside devices even as small as credit cards provides the world leading solution and replacement for the risky "password." The company has designed its Biometric fingerprint solution for use in the Financial and Online transaction sector, replacing the risky and vulnerable "password," the company President said today. The company President also stated that its technology will be released as an online transaction protection solution within the coming year giving it the ability to protect billions of online transactions in the United States alone.

About SmartMetric, Inc.

SmartMetric, Inc. has developed a portable biometric identity and transaction card capable of storing a wide variety of personal information while protecting you against identity theft and fraud. It is one of the most advanced portable identity authentication solutions in the world today. The card contains a biometric fingerprint scanner and reader which only you can unlock and is smaller and thinner than a credit card. The SmartMetric card is ideal for a wide range of consumers, including Personal, Government and Corporate.

For more information please visit us at www.smartmetric.com

Safe Harbor Statement

Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.