SmartCard Marketing Systems Inc.
PINK SHEETS : SMKG

SmartCard Marketing Systems Inc.

October 17, 2008 11:24 ET

SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG) 2 New Co-Brand Prepaid Programs Commence Rollout

SAN ANTONIO, TEXAS--(Marketwire - Oct. 17, 2008) - SmartCard Marketing Systems Inc.(PINKSHEETS:SMKG) announced today that 2 more back order programs for their prepaid segment commence rollout on Monday October 20/2008. As more co-branded programs reach market our money remittance segment continues to grow allowing our proprietary offering Velocitymoney.com to grow aggressively and take a serious strong hold in the market. The 2 programs combined are estimated to bring an additional $200K of monthly remittance or 800 to 1000 load transactions monthly and increase usage of the companies Bill pay offering in Velocitymoney.com.

At present the company anticipates to have 6 more programs up and running prior year end of 2008 bringing the number of co-brand prepaid card programs to 11, this does not include our generic offering for payroll or retail solutions. In addition this will also have a good impact on increased demand for the Pin Debit (HomeAtm) solution.

www.Velocitymoney.com

Management is determined to become the leader in Online Money Remittance, Prepaid cards and Pin Debit online processing and to set the standard for a secure funds transfer platform with multi-currency settlement capabilities worldwide."

We seek safe harbor.

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