Smartmatic announces Armando Yañes as new Chief Financial Officer

Caracas, Venezuela, September 10, 2008.- Smartmatic, a leading supplier of election solutions throughout the globe, recently announced the hiring of Armando Yañes as the company's new chief financial officer. With more than 30 years of international business experience, including a diverse career in both finance and strategic planning, Mr. Yañes brings substantial relevant expertise to Smartmatic as the company continues to expand its global presence.

''It is a pleasure to welcome Armando to our management team. His strong financial background and understanding of the technology sector is a great asset to Smartmatic as we are in a period of rapid growth and his global experience will be invaluable to achieving our long-term strategic objectives in key markets and around the world,'' said Antonio Mugica, CEO of Smartmatic.

As CFO for Smartmatic, Yañes' chief responsibilities will include developing and overseeing the company's worldwide growth as it continues to increase its market share in providing election solutions and technology. Specifically, Mr. Yañes will be in charge of strategic customer financing, Mergers and Acquisitions (M&A) analysis, as well as the overall planning for the company, among other things.

''I am very excited to be joining the outstanding team at Smartmatic and look forward to developing financial strategies and new opportunities for the company's international expansion of its cutting-edge technologies,'' said Armando Yañes, Smartmatic's new CFO.

Since 2000, Mr. Yañes worked at CANTV, which, during his tenure was a Verizon subsidiary and Venezuela's largest telecommunications corporation. At CANTV, Mr. Yañes served in leadership positions first as Senior Vice President (SVP) and then as Chief Financial Officer. Under his leadership, CANTV achieved remarkable financial success, and in 2007 it had sales of more than U.S. $4 billion.

Mr. Yañes began his career at General Telephone and Electronics (GTE) in 1976, where he worked until 2000. At GTE, Yañes held numerous senior positions in their international offices, including, Argentina, Chile, Colombia, the United States and China. In 1995 he was appointed CFO & SVP for General GTE in China. In this role, he was responsible for developing and organizing the company's operations in China, where he established and oversaw thirteen company offices. This included managing the finance and accounting systems, personnel recruitment, establishing processes to comply with local legislation, taxes, and mandatory prerequisites.

Mr. Yañes is both an Italian and Argentine citizen, who studied Economics in the Catholic University of Argentine and holds an MBA from the University of Tampa (Florida, USA).

About Smartmatic

Smartmatic is a multinational company that designs and deploys technological solutions aimed at helping governments fulfill, in the most efficient way, their commitments with their citizens. It is one of the largest cutting-edge technology suppliers, with a wide and proven experience in the United States, Asia, Latin America and the Caribbean. 

Smartmatic aims to help societies become more efficient and transparent, through technological innovations and it is responsible for several top and advanced innovations available in the market around three business areas: electronic auditable voting systems, intelligent and integrated security platforms, and advanced solutions for people registration and authentication for a wide range of government applications.

Smartmatic is a company that has more than 250 employees distributed in offices in The United States, Barbados, Mexico, Venezuela, Spain, Philippines and Taiwan.