SmartCard Marketing Systems Inc.
PINK SHEETS : SMKG

SmartCard Marketing Systems Inc.

August 15, 2008 09:01 ET

SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG) Payment Processing for Card Loads Up 180% Gain to June 30, 2008 as Compared to Same Period Last Year

SAN ANTONIO, TEXAS--(Marketwire - Aug. 15, 2008) - As Stated by SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG) "Management is pleased to announce Prepaid card loading and payment processing volume continued at expected levels during the 2nd quarter. Card loads and payment processing for the 2nd quarter of 2008 was $458,688 compared to $272,937 in the same quarter of 2008, a 68% gain for the quarter. In the first six months of 2008, SMKG processed $889,583 compared to $317,177 for 2007 representing a 180.4% gain for the first half of the year and attaining the $1million milestone in July of 2008. Operating losses were cut by 40% for the first half over the first 6 months of 2007, from $182,013 in 2007 to $109,169 in 2008.

SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG)

As the company continues to deliver prepaid card programs and rollout of the Pin Debit HomeATM offering through Velocitymoney.com and Velocitymerchant.com sales, revenues and commissions from transactions continue to grow. We are very pleased with these achievements as it is a difficult segment to establish an online presence in the Money remittance Industry and to continuously grow our base of customers daily."

We seek safe harbor.

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