SmartCard Marketing Systems Inc.
PINK SHEETS : SMKG

SmartCard Marketing Systems Inc.

December 12, 2008 09:00 ET

SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG) Posts 1000% Gain in Payment Processing Volume in November 2008 Compared to Same Period Last Year

SAN ANTONIO, TEXAS--(Marketwire - Dec. 12, 2008) - SmartCard Marketing Systems Inc.(PINKSHEETS:SMKG) announced today that their Prepaid Card loading, Pin Debit and Bill Payment processing volume increased over 1000% in Payment processing totaling $620k for the month of November 2008 as compared to same period last year $60k. This trend of growth is anticipated well through 2009 and 2010 as the company attains a moderate threshold and active customer base.

(PINKSHEETS:SMKG) CEO Massimo Barone said, "What we are experiencing now is continued demand of our products and services from payment industry merchants. Throughout 2008 we continued to focus on delivering our technology platform and expertise to these merchants via Velocitymoney.com and Velocitymerchant.com. We believe strongly that fulfillment of backorders reaching market in January through March 2009 will impact sales and add substantial transaction revenues to our existing business mid year and ongoing."

Overview:

Studies show that the trend toward consumers using debit cards instead of credit cards continues to grow. (PINKSHEETS:SMKG) business model involves capturing a significant share of the estimated 28 billion debit transactions that occur every year and capture market share in alternative e-commerce payment transactions segment."

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