SmartCard Marketing Systems Inc.
PINK SHEETS : SMKG

SmartCard Marketing Systems Inc.

July 16, 2008 06:00 ET

SmartCard Marketing Systems Inc. Corporate Update and DWAC Compliant

SAN ANTONIO, TEXAS--(Marketwire - July 16, 2008) - As Stated by SmartCard Marketing Systems Inc. (PINK SHEETS:SMKG) "Management is pleased to announce that (PINK SHEETS:SMKG) shares are now DWAC (Deposit/Withdrawal at Custodian) compliant. This is allows for securities houses to effectively electronically transfer shares digitally as solely by certificate form. This is the automated system for deposits and withdrawals of securities from the Depository Trust Company (DTC).

Furthermore we are committed to ongoing transparency and will file the 1st quarter of 2008 by July 24th 2008 to meet our targets. As (PINK SHEETS:SMKG) continues its growth in the Online Money Remittance, Prepaid cards and Pin Debit market with the Velocitymoney.com and Velocitymerchant.com offerings we continue to strengthen our book of customers (merchants and consumers) toward building our number of daily transactions increasing sales and royalties to ultimately achieve positive earnings. Management will also be scheduling a quarterly teleconference for investors and shareholders for question periods.

We seek safe harbor.

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