IDsmart Admits in Court Document That e-Smart's Technology was Used to Develop IDsmart's ... ( NEW YORK April 9 /- e-Smart(R) Te...)

IDsmart Admits in Court Document That e-Smart's Technology was Used to Develop IDsmart's Smart Card

Date:4/9/2008

NEW YORK, April 9 /PRNewswire-FirstCall/ -- e-Smart(R) Technologies, Inc. (Pink Sheets: ESMT); ("e-Smart" or the "Company") and its parent company, IVI Smart Technologies, Inc., (IVI) (hereinafter, collectively, the "Company") learned from disclosures filed in a Motion last month by IDsmart LLC, in the United States District Court, Northern District of California, San Francisco Division, Case No. 3:06cv5528MHP, that IDsmart admitted that its engineers were directed to use e-Smart's technology in developing IDsmart's biometric smart card product, as the original complaint filed by the Company against IDsmart for theft and misappropriation of our biometric smart card technology alleges. IDsmart also confirmed that, because its engineers had been instructed to use e-Smart's technology, IDsmart did not actually have a product design and was unable to "release" any product until approximately four months ago.

Mary Grace, President and CEO of e-Smart(R) said, "Finally, IDsmart admitted what we alleged in the original lawsuit and which we have argued before the Court for nearly two years -- which IDsmart repeatedly denied until now. IDsmart now admits not only that their engineers used e-Smart's technology but also that they have known for more than a year that e-Smart's technology was used in developing IDsmart's claimed biometric smart card product. Rather than acknowledging that they had used e-Smart's technology, IDsmart continued trying to sell an IDsmart product and failed to acknowledge to the Court that e-Smart's claims were true. In the original lawsuit filed against IDsmart the Company alleged the theft and misappropriation of e-Smart's technology by IDsmart, which claim IDsmart repeatedly denied under oath to the court. The Company also reported the theft of the technology to both the police and FBI in 2006, which IDsmart, Michael Gardiner and Wayne Drizin, both convicted felons, denied at that time. The Company will now file new reports to both th
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SOURCE e-Smart Technologies, Inc.
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IDsmart Admits in Court Document That e-Smart's Technology was Used to Develop IDsmart's ...( NEW YORK April 9 /- e-Smart(R) Te...)