MobiClear, Inc. Signs Licensing Agreement with Lakonian Bank, Ltd. and Cooperative Bank of Lakonia and Peloponnisos

Business Wire, Dec 19, 2007

Three-Year Agreement, Two Hundred Thousand Registered Cards

DOVE CANYON, Calif. -- MobiClear, Inc. (OTCBB: MBIR - Deutsche Borse: B3CA, http://www.mobiclear.com) has signed a three-year licensing agreement with Lakonian Bank, Ltd. and Cooperative Bank of Lakonia and Peloponnisos for the use of their proprietary platform products of Personal Identification Verification solutions.

MobiClear's extensive product portfolio will provide an added security measure for banking customers through the use of their mobile phones. Lakonian Bank, Ltd. and Cooperative Bank of Lakonia and Peloponnisos have selected MobiClear Card Security, Internet Banking Security, On/Off Card Security, and 3G Video Banking as solutions for their consumers. The three year agreement forecasts at least $1,200,000 in revenues for MobiClear, Inc.

"This agreement marks a great step for the MobiClear community, with the evolution of our Card Security and On/Off Security products, as well as the first use of MobiClear's 3G Video Banking and MobiClear Internet Banking Security to propel our product into the Greek market," said Anders Ericsson, CEO of Mobiclear. "We are thrilled to ensure added protection for Internet users, as well as in-person and online purchases. This agreement facilitates a great partnership in Greece, and starts our initial movement to spread throughout Europe. We look forward to our evolvement as a company and our future growth together."

Dimosthenis Limperopoulous, CEO and President of Lakonian Trust Ltd. stated, "I am confident our partnership agreement with MobiClear will create a safer and more effective service for our customer base. We have carefully chosen the most ideal and necessary MobiClear products that fit our client needs, further our business model, and extend market potential. It is with great pleasure that we have initiated this relationship, and look forward to our partnership together."

About Lakonian Trust Ltd., and Cooperative Bank of Lakonia & Peloponnisos

Lakonian Trust Ltd and Cooperative Bank of Lakonia & Peloponnisos provide credit and economic facilitations to improve social and cultural growth through fourteen Credit Institution Cooperatives and sixteen Coopeartive Banks. Both the banks and institutions are structured to facilitate convenient and rapid action, further developmental engagement, and benefit the overall customer needs.

Credit Institutions act to protect and facilitate the manufacturing, trading, shipping, and tourism practices of all its members. Cooperative Banks handle the affairs of the state, and support the enterprising and business plan formulation for any business-enterprise, through the creation of interest-bearing loans, management and administration of investment initiatives.

Currently, the activities of Lakonian Trust Ltd and Cooperative Bank of Lakonia & Peloponnisos are limited to Greece, though their growth in capital gives them allowance to expand activities abroad, as a fully-fledged Cooperative Bank.

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

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