WASHINGTON, May 11 /PRNewswire-FirstCall/ -- e-Smart Technologies, Inc., (Pink Sheets: ESMT); ("e-Smart" or the "Company") and its parent company IVI Smart Technologies, Inc., is pleased to announce that in furtherance of the agreement between World Developments Corporation, WDC, and IVI, WDC has agreed to finance all projects in the countries of Africa for the right to be IVI/e-Smart's exclusive partner in Africa. In accordance with the agreement between WDC and IVI, WDC will immediately advance funds for the manufacturing, delivery, implementation and operations. IVI will advance the working capital to e-Smart Technologies, Inc. To increase shareholder value, IVI will grant e-Smart Technologies, Inc., the right to be the exclusive provider of its Biometric Verification Security System(TM) (BVS2(TM)), the Super Smart Card(TM) and related technologies for Africa. The terms of the license agreement will be disclosed in the Company's next filing with the Securities and Exchange Commission. World Developments Corporation, WDC, is a privately-held U.S. group based in Washington, D.C. providing services that span various sectors, including development of fully-integrated construction and civil engineering projects worldwide; installation and implementation of large-scale corporate IT networks; internet technology and corporate communications solutions, and the creation and maintenance of healthcare informatics solutions for both public health systems and the private healthcare sector. e-Smart Technologies, Inc., is the exclusive supplier for Asia and the US of the Biometric Verification Security System(TM) (BVS2)(TM), and the Super Smart Card(TM) and related technologies, which e-Smart believes to be the world's first smartcard of its kind with a sensor and full on-card system for biometric ID verification together with other unique technologies. These new generation technologies permit governments, public and private institutions, healthcare providers and insurers, companies large and small, their citizens and customers, respectively, to stop ID and payment fraud, including identity theft, in connection with both physical and logical access and with financial and other data related transactions all without compromising a person's right to privacy. 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. For more information about e-Smart Technologies, please visit http://www.e-smart.com/ or contact Media Relations at 703-768-7477 or DATASOURCE: e-Smart Technologies, Inc. CONTACT: Media Relations of e-Smart Technologies, Inc., +1-703-768-7477, Web site: http://www.e-smart.com/

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