SMME SmartMetric Inc (PK)

SmartMetric, Inc. (OTCBB: SMME), President & CEO C. Hendrick, announced today that the company has stipulated in a joint stipulation with American Express to the withdrawal of its Patent Infringement Law Suit against American Express.

The withdrawal of this is based on definition handed down by the U.S. District Judge Jacqueline H. Nguyen in a ruling of patent definition one month ago.

SmartMetric, Inc. is filing an appeal against what it believes to be erroneous definition and limitations placed on the SmartMetric patent by wrongful interpretation and are confident that the Court's earlier rulings on definition and the adding of its own definition and restriction will be overturned on appeal.

The company is looking forward to moving forward with its lawsuit against American Express for Patent Infringement once its appeal on definition is dealt with by the Court of Appeal.

About the SmartMetric:

The SmartMetric, Biometric Card Computer provides powerful computing with large memory capacity in a revolutionary size that has taken more than 10 years of research and development. Using the latest in sub micro technology electronics, the company has achieved a level of miniaturization that allows it to release a solution of portable computing power that combined with SmartMetric's biometric fingerprint in-card scanning technology, is so revolutionary it will change the way business is done and information is handled across a broad range of industries. For further information please go to the company website: 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.

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Investor Contact: Constellation Asset Advisors, Inc. +1 (415) 524-8500 Company Contact: C. Hendrick President & CEO SmartMetric, Inc. +1.305.607.3910 Email Contact