SmartCard Marketing Systems Inc.

SmartCard Marketing Systems Inc.

December 22, 2008 11:02 ET

SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG) Prepaid Cards for Group Atrium's 200 Travel Agencies Across Canada Has Initial Higher Than Expected Demand

SAN ANTONIO, TEXAS--(Marketwire - Dec. 22, 2008) - SmartCard Marketing Systems Inc.(PINKSHEETS:SMKG) CEO Massimo Barone said "The contract entered into with Group Atrium Travel operating under the names "Vasco Travel" and "Gama Travel" to its 200 plus agencies across Canada is having better than expected results.

At initial rollout whereas we anticipated a conservative 15 card activations per month is materializing into an average of 40 card activations per month. The acceptance from travelers acquiring the prepaid cards instead of Travelers checks is significant simply because of convenience. Additionally with the installation of the Pin Debit "HomeAtm" terminals it's anticipated that Currency purchases through our gateway will also see high volume and daily settlement.

We are very optimistic that with only 5% of the locations fulfilled and an estimated 40 locations of 190 to be installed by the end of 1st Quarter 2009, we will fuel growth at excellent levels also throughout 2010.

We seek safe harbor.

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