SmartCard Marketing Systems Inc.
PINK SHEETS : SMKG

SmartCard Marketing Systems Inc.

November 19, 2008 09:00 ET

SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG) Transactions Continue to Climb to 1900 for This Past Weekend With Velocitymoney.Com

SAN ANTONIO, TEXAS--(Marketwire - Nov. 18, 2008) - Smartcard Marketing Systems Inc. (PINKSHEETS:SMKG) As Stated by CEO Massimo Barone" I am pleased to announce that clients using the Payment remittance services of Velocitymoney.com such as Pin debit online, Bill pay and Email pay continue to climb and attain a new weekend high of 1900 transactions showing significant demand in our services while averaging 350 daily transactions during the week. This represents an average of 3650 transactions for the week generating fee's of $3285.00 USD (3650 trans. past week at $.90 avg.).

Our ability to grow under these market conditions and roll out new merchants that remain in back order gives us positive signs that as the markets return to a more stable environment we will benefit from a full output of existing orders. The above does not include Pre-paid card sales, activations, commissions from ongoing card usage and Pin Debit unit sales."

We seek safe harbor.

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