MobiClear, Inc. Announces the Application of Their Proprietary Technology to Fight Online Banking Fraud

Business Wire, August 29, 2007

DOVE CANYON, Calif. -- MobiClear, Inc. (OTCBB: MBIR - Deutsche Borse: B3CA) has announced the application of their proprietary personal identification verification (PIV) technology for use during online bank transactions. MobiClear's Internet Bank enables commercial banks to offer their clients another layer of online banking security through the use of a unique MobiClear PIN required to approve any transaction. The company believes the development of this product places them in a favorable position to benefit from the growing trend toward online banking. Further, by providing this solution, the company believes that those weary of conducting online banking transactions will be put at ease, triggering an increase in overall transactions. It is this shift in consumer's attitudes that makes the company's product line so attractive to commercial banks.

Anders Ericsson, Chief Executive Officer of MobiClear, Inc. stated, "With the alarming rate of online fraud and internet-based identity theft, the application of our technology to the online banking industry is the perfect solution to this global problem. We have designed this user-friendly interface to create the optimal amount of security for any transaction." Ericsson continued, "By offering customers more control over their online banking needs, we are bridging the gap for those bank clients whose safety concerns have prevented the use of this service."

Additional information on the company can be located on MobiClear's web site at www.mobiclear.com.

About MobiClear, Inc.

MobiClear, Ltd. specializes in electronic Personal Identification Verification (PIV) solutions in connection with credit/debit card transactions. MobiClear's multi-gateway solution (U.S. patent pending) offers proactive security in all forms of electronic business environments including Internet shopping, business-to-business procurement transactions and retail shopping with credit and debit cards. MobiClear estimates that credit and debit card fraud on the Internet and in brick and mortar stores is growing to $20 billion annually. MobiClear's answer to this problem is a secure and user-friendly identity solution that works across the globe. In addition, MobiClear's identification service ensures safe and secure trade over the Internet, which in turn, promotes both e-trade activity and invoice payments online.

FORWARD-LOOKING STATEMENTS: The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof.