SOURCE: Smart Card Marketing Systems Inc.

March 14, 2007 10:30 ET

SmartCard Marketing Systems Inc. Corporate Update

SAN ANTONIO, TX -- (MARKET WIRE) -- March 14, 2007 -- SmartCard Marketing Systems Inc. of (PINKSHEETS: SMKG) (FRANKFURT: QYH), a leading provider of prepaid cards, value smart storage cards and Optical management services, is pleased to provide a corporate update.

Stated by CEO Massimo Barone, SMKG is presently making major strides in marketing its products and services to the Financial Money Service market. At present we have engaged in over 24 relationships with online E-wallet service provides from Australia, Austria, Germany, Haiti, Italy, France, USA, Canada, Brazil, South Africa, UK and Mexico to provide a partial or full co-brand offering of the Velocitymoney™ services.

The Velocitymoney™ service of International remittance for prepaid cards and merchant processing of PIN debit and credit over the Internet (Home ATM device) has made impressive opportunities for back office management and integration for personal and business use. In the upcoming days we will begin to communicate the Letters of Intent and Contracts that are being completed, which will allow the Velocitymoney™ ( banner to position itself as a leader in payment gateway solutions and services internationally.

Optical Services Update

The platform for the Optical industry is being presented to 7 Vendors and Optical Clinic Management consortiums internationally at the Vision-Expo Trade Show in New York during March 23rd to 25th led by SMKG President Mr. Bruce Baillio. In addition we will be making available for the 1st time the Premium Lens Care services to compete with the other major outsourcers in North America and open up its lab services and expertise led by Premium's President and partner to SMKG, Mr. Leon Kurtz.

Forward-Looking Statements: This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements about the expected future prospects of our business and all other statements in this release, other than historical facts, constitute forward-looking statements. You can identify forward-looking statements because they contain words such as "believes," "expects," "may," "will," "would," "should," "seeks," "approximately," "intends," "plans," "estimates," or "anticipates" or similar expressions which concern our strategy, plans or intentions. All statements we make relating to estimated and projected earnings, margins, costs, expenditures, cash flows, growth rates and financial results are forward-looking statements. In addition, we, through our senior management, from time to time make forward-looking public statements concerning our expected future operations and performance and other developments. All of these forward-looking statements are subject to risks and uncertainties that may change at any time, and, therefore, our actual results may differ materially from those we expected. We derive most of our forward-looking statements from our operating budgets and forecasts, which are based upon many detailed assumptions. While we believe that our assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors, and, of course, it is impossible for us to anticipate all factors that could affect our actual results. Some of the factors that we believe could affect our results include: general economic and market conditions, including the lingering effects of the economic slowdown and services revenue; the overall condition of the bank card industry, including the effect of any further consolidation among financial services firms; the regulatory, credit and market risks associated with our operations; the integration of acquired businesses, the performance of our businesses; the effect of war, terrorism or catastrophic events; the timing and magnitude of sales; the timing and scope of technological advances; the ability to retain and attract customers and key personnel; and the ability to obtain patent protection and avoid patent-related liabilities in the context of a rapidly developing legal framework for software and business-method patents. The factors described in this paragraph and other factors that may affect our business or future financial results and when applicable, will be discussed in our filings with the Securities and Exchange Commission. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors.

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