- New Stock Symbol: MOBI
     mobiclear, Inc. (, owner of the unique,
patent pending Personal Identification Verification solutions system to
help eliminate credit and debit card fraud, announced that as of the
opening of trading to-day, July 21, 2008, it has obtained a new trading
symbol, OTC BB: MOBI, and effected a 250 for 1 reverse stock split.
     "The reverse split enables the Company to stabilize and increase
shareholder value as we now move forward with a strong product line and
experienced management team," said Stephen P. Cutler, CEO
     "Credit and debit card fraud online cost businesses worldwide more than
$60 billion a year. Fraud on the Internet discourages many from using it
for purchases. We are confident that mobiclear has an answer that would
quickly reduce this problem by at least 10 percent, saving businesses more
than $6 billion," said Mr. Cutler.
     "Our unique, patent pending Personal Identification Verification
solutions system means that, when using a credit card, the mobiclear
customer receives a prompt via their cell phone. Responding with the
four-digit pin code allows the transaction to proceed. Without the code,
the credit card doesn't work and the purchase fails.
     "If someone else were using your credit card, even if they had all the
other forms of identification from, for instance, a stolen wallet or
pocketbook, without the four-digit code, they can't use your credit card to
steal," Mr. Cutler said. We are looking forward to introducing this
product, and other Internet security products, soon to a marketplace that
is eager for these innovations."
     ABOUT mobiclear: mobiclear, Inc. (OTC BB: MOBI; Frankfurt: B3CA),
(, headquartered in Manila, Philippines, offers a
range of solutions to credit card and debit card fraud based on its
patent-pending Personal Identification Verification system. It also offers
products to ensure against fraud in all electronic transactions, including
telephone and Internet transactions.
     Note: Certain statements in this news release may contain
"forward-looking" information within the meaning of rule 175 under the
Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and
are subject to the safe harbor created by those rules. We use words such as
"anticipate," "believe," "expect," "future," "intend," "plan," and similar
expressions to identify forward-looking statements. These statements
including those related to being in a large and growing market, exhibiting
rapid growth characteristics, and having a growth strategy, are forward
looking statements. These forward looking statements are only predictions
and are subject to certain risks, uncertainties and assumptions. Some of
the risks, uncertainties and assumptions that could cause actual results to
differ materially from estimates or assumptions in this press release
include the risk that we will not be able to grow our revenues and market
share, the risk that our prices do not remain competitive and the risk that
we will not achieve profitability. Additional risks are identified and
described in the Company's public filings with the Securities and Exchange
Commission, including our most recent Report on Form 10-KSB, and Reports on
Form 10-Q and Form 8-K. Statements made herein are as of the date of this
press release and should not be relied upon as of any subsequent date. The
Company's past performance is not necessarily indicative of its future
performance. The Company does not undertake, and the Company specifically
disclaims, any obligation to update any forward-looking statements to
reflect occurrences, developments, events, or circumstances after the date
of such statement.
(c)2008 Market News Publishing Inc. All rights reserved.
Toronto:(416)366-8881 Vancouver:(604)689-1101 Fax:(604)689-1106

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