SOURCE: Schimatic Cash Transactions Network.com, Inc.

March 04, 2008 09:00 ET

SCTN Files 10Ks for Year 2004, 2005 and 2006 With SEC

LAS VEGAS, NV and TORONTO--(Marketwire - March 4, 2008) - Smart Chip Technologies (PINKSHEETS: SCTN) is pleased to announce that the company has filed its 2004 10K, 2005 10K and 2006 10K with the SEC.

The audit process is about to begin for the 2007 Form 10K and 8Ks. Completing these filings will allow the company to move forward to the Over the Counter Bulletin Board (OTCBB) market once the SEC approves their filings.

The company believes that these filings will not only enhance the company value for shareholders, potential investors, creditors, partners and customers but when coupled with obtaining OTCBB status, the filings will also allow for additional SCTN exposure with brokerage houses to occur resulting in increased volume and liquidity for the company stock.

Phoenix Technology Holdings, the exclusive licensor of the SCTN Loyalty Central™ incentive technology solution, continues to develop and upgrade the solution with Airos Group. Phoenix provides customization, integration, deployment and maintenance services for the SCTN technology to existing and new clients.

About Smart Chip Technologies (PINKSHEETS: SCTN)

Smart Chip Technologies' turnkey customer retention solutions, including Loyalty, Pre-Paid Stored Value, Punch Cards, and Gift Cards, enable issuers, acquirers, and merchants to take advantage of real-time programs using their cardholders' existing cards using bar codes, magnetic stripes, smart chips, RFID, Internet accounts, and other consumer electronic devices. The SCTN system is a scalable, high performance, end-to-end solution that uses an ASP model to customize the system's look and feel to reinforce customer branding. (www.sctn.com)

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