OVERVIEW

LaserCard is seeking to become a global leader in a proprietary technology. The technology will revolutionize the credit card and the personal identification industries. The applications of the technology are very broad and varied. The Company has developed a technology that is designed to allow every consumer to carry one card (the “Card”). The Card will have the ability to function as a single credit card or for multiple credit cards (e.g. Visa, American Express, MasterCard, retail credit cards, etc.). It could also function as a debit card, ATM card, phone card, security pass card, personal identification card, and other numerous applications. The Card is the size of an existing credit card. It functions just like a credit card allowing it to be swiped by retailers with the same equipment that they currently use.

The vision of the Company is to have its technology utilized by every credit card, debit card and security company in the world. The Company’s technology is a vast improvement over the Smart Card and RFID, which require special readers and are not secure. There are currently several billion credit cards in use worldwide and the number continues to grow rapidly.

The Company’s engineering team has been at the forefront of biometric fingerprint identification systems for many years. Their work with the fingerprint sensor and software algorithms was critical in making the technology function appropriately. The Company’s engineering team is skilled in the development of biometric applications and processes and as a result, the Company was successful in developing its Beta prototype to exhibit the functionality of the technology. The Company has no intention of manufacturing its technology. Rather, it seeks to generate all of its revenues from sales of licenses with long-term royalty agreements.

The Card is ready to be integrated into the credit card, security card, cellular phone and PDA industries. The Beta prototype is fully functional and available for demonstration.