Zero errors in pre-election audit of Smartmatic system

Caracas, October 29, 2004.- Smartmatic Corporation announced today that the final pre-election audit of the SAES electronic voting solution was 100% successful. Conducted by specialists of the National Electoral Commission as well as members from all political sectors, the pre-referendum audit yielded zero numerical inconsistencies and 100% accuracy in the tabulation of results.

The final audit began Thursday at 8:00am and continued into the early hours of Friday morning. It was conducted in the warehouse at Filas de Mariches where the SAES3000 machines and the electronic ballots are securely guarded. It was attended by technical representatives of mayors and governors from both the opposition and government parties.

"As always, we appreciate the opportunity to test audit the system and are gratified, but not surprised, that the results were once again perfect. We are completely ready for the regional elections," said Antonio Mugica, CEO of Smartmatic.

Jorge Rodriguez, President of the National Electoral Commission, assured voters the simulation audit proved there were no discrepancies between the votes registered and cast and the final electronic tally. "As we had hoped, there were zero errors between the vote summaries and the ballot receipts printed by the machine, the transmission or the tabulation of the data. And the few issues we encountered on less than 2% of the electronic ballots have already been solved," Rodriguez said.

The final pre-election audit was conducted on a random sample of 118 SAES3000 electronic voting machines, .05% of the 23,594 machines that will be put into service during the Regional Elections. Operators and technicians from forty audit teams cast votes on each of the machines, received the printed ballot and placed them in envelopes to be checked later against the electronic results and vote summaries recorded in the machines memories. Upon completion of the voting period, the data was transmitted on fixed and cellular lines through a private network to the Tally Center at the National Electoral Commission.

The audit was considered a success because the data received and tabulated by the Tally Center coincided with 100% accuracy to both the vote tallies stored in the machine's memory and the count of the printed ballots placed into envelopes. The high speed of the transmission and tally of the results was also considered a major success.

"With this final preliminary audit complete we are ready to deliver on the promise of the SAES3000 system - a secure, accurate and transparent Regional Election," Antonio Mugica added.

About Smartmatic

Smartmatic is a multinational company that specializes in the design and end-to-end deployment of complex purpose-specific technology solutions. With an unsurpassed technology base, continuous innovation, and quality in processes and results, Smartmatic is organized around three business areas: Electronic voting systems, intelligent and integrated security systems for large enterprises and governments, and advanced solutions for people registration and authentication for a wide range of government applications.

Smartmatic is a privately held company with offices in the US, Mexico, Venezuela, Barbados, Spain, Philippines and Taiwan.  It has more than 200 employees worldwide.  Its capacity for innovation and wide range of products and services have earned Smartmatic extensive recognition in the technology community worldwide.