CEO of mobiclear Inc. makes an appeal to shareholders

Shareholders of mobiclear Inc. recently received a letter from Stephen P. Cutler, CEO of the company. In the letter Cutler pointed to the achievements that featured the previous year and mentioned new upgrades to be applied to existing products within the following several months. mobiclear Inc’ s CEO mentioned such products and solutions like PIVOT, OOCA/OOBA and VoIP stressing their role in personal identification verification.

PIVOT (an abbreviation for Personal Identification Verification On - Time ) is mobiclear’s personal identification verification technology intended for use in relatively small local functions as well as major, international applications. The solution provides "out of channel authentication," or "ooca," otherwise known as "out of band authentication," or "ooba" using two independent communication channels. Cutler said that apart from the PIVOT product the company is excited about developments in the integration of Voice over Internet Protocol (VoIP) to the PIVOT system.

Speaking about future projects Cutler added: “To help secure client systems, mobiclear is developing additional security appliances based on the products acquired from Bastion Payment Systems. These leading edge appliances will be ready for testing in the second quarter of 2009 and include a firewall that will reduce risks of database and network compromise by acting as a barrier to "infections" and breaches from outside sources and an "anti-DDOS system," that reduces risks of distributed denial of service attacks, which can cripple or destroy on-line businesses.”