e-Smart Tech Establishes Korean Subsidiary

Nov-06-03





e-Smart Technologies, Inc. (OTC Pink Sheets: ESMT), http://www.e-smarttechnologies.com ("e-Smart or the Company"), today announced that it has formed a Korean Subsidiary company, "e-Smart Korea, Co. Ltd." e-Smart Korea will serve as the Company's marketing hub for Asia. e-Smart Korea has now opened its doors for business in the heart of Seoul's main business district.

Mr. Richard Kim has been appointed CEO of e-Smart Korea and Director of Marketing, Asia for the Company. Mr. Kim has a long and extremely successful background in the international marketing of electronic goods, and in particular, in the marketing of smart cards and smart card related systems throughout Asia.

"We believe that Richard Kim and his experience in dealing with Asian enterprises and governments will be invaluable in assisting the Company in its quest to provide its advanced biometric smart card technologies and systems that combat terrorism and all forms of identity based fraud to governments and industry throughout Asia," said Mary Grace, the Company's president and CEO. Ms. Grace went on to add, "We are really pleased to have Mr. Kim join our Company and head up our Asian operations."

In response, Mr. Kim said, "It is an honor to be a member of a Company with such revolutionary and advanced technologies as e-Smart's Biometric Verification Security System(TM) and e-Smart's Super Smart Card(TM). The World has been waiting for an ISO interoperable, contact and wireless, multi- application smart card with a complete, on-card, biometric matching system including a personal on-card biometric sensor and it is my pleasure to present these e-Smart technologies throughout Asia."

e-Smart Korea's offices are located at 642-9, Songchon B/D, 9F, Yeoksam- dong, Gangnam-gu, Seoul, Korea, telephone — 82 2 2185 5886-8 -- fax -- 82 2 2185 5889. For more information go to www.esmart.com.

About e-Smart Technologies, Inc.

e-Smart Technologies seeks to be a leading provider of high technology security systems that can be used to combat fraud and terrorism. e-Smart products such as the BVS2(TM)(Biometric Verification Security System)(TM) or the BV-HDS(TM)(Biometric Verification Homeland Defense System)(TM) working with the Super Smart Card(TM) subsystem enable government agencies and commercial enterprises to continuously verify, certify and manage identification and access of citizens, personnel, customers and any other persons seeking physical or logical access. e-Smart Technologies offers what it believes to be the highest form of identity based and credential based security available with no profiling or erosion of civil rights. For more information on e-Smart Technologies please visit http://www.e-smarttechnologies.com.

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.

SOURCE e-Smart Technologies, Inc.