SAN DIEGO–(

BUSINESS WIRE

)–iWallet Corporation (OTCQB: IWAL), the secure luxury techcessories
developer, today announced it will file a Continuation-In-Part (CIP)
patent application, expanding the scope of its earlier-filed, successful
patent portfolio and fortifying the capabilities of its technology to
pair with evolving smartphone technologies. The move is designed to
bolster the company’s position as the market leader in licensing its
biometric fingerprint-locking devices that tether to smartphones via
Bluetooth® pairing technologies.

The company holds numerous design and utility patents surrounding its
advanced biometric fingerprint recognition sensors and Bluetooth® BLE
communications, which enable it to bring-to-market biometric products
designed to protect your identification, credit cards, cash, jewelry,
prescription medications and other valuables.

“Our unique combination of secure pairing technology, local biometric
verification and compatibility with personal devices, lends itself to
vast implementations which is what is driving our alliances with major
luggage and bag manufacturers, as well as other joint venture licensing
collaborations,” said Jack Chadsey, CEO of iWallet Corporation.
“Ensuring our patents are up-to-date with the latest mobile technology
is paramount to remaining the partner of choice for luxury product
manufacturers looking to enable their clientele to link a personal,
secure locking device to a smartphone device with fingerprint
authentication at a low cost.”

The announcement is in line with the company’s June announcement that it
would shift its focus from manufacturing to licensing its proprietary
technology, a less capital intensive model that shields the company from
the uncertainties and risks associated with timely delivery of component
parts and manufacturing delays.

“We have a proven track record bringing luxury products to market with
our partners that enable user to wirelessly open, locate and secure
their valuables with these new RF communications methods, while
maintaining long battery life,” said Chadsey. “Updating our patent
strategy ensures our licensing partners can meet the demands of today’s
consumers while not only keeping pace with technological changes, but
push boundaries with next generation products.”

About iWallet:

Headquartered in San Diego, California, iWallet (

www.iwalletusa.com

)
is a secure, luxury techcessories company, focused on its robust patent
and trademark portfolio in the growing biometric market and combining
the latest security features with luxury appointments.

Forward-Looking Statements

This press release may contain certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. The
company has tried, whenever possible, to identify these forward-looking
statements using words such as “anticipates,” “believes,” “estimates,”
“expects,” “plans,” “intends,” “potential” and similar expressions.
These statements reflect the company’s current beliefs and are based
upon information currently available to it. Accordingly, such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which could cause the company’s actual
results, performance or achievements to differ materially from those
expressed in or implied by such statements. The company undertakes no
obligation to update or advise in the event of any change, addition or
alteration to the information contained in this press release including
such forward-looking statements.