SmartCard Marketing Systems Inc.
PINK SHEETS : SMKG

SmartCard Marketing Systems Inc.

November 13, 2008 12:04 ET

SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG) Transactions Climb to a New Weekend High of 1600 for This Past Weekend With Velocitymoney.com

SAN ANTONIO, TEXAS--(Marketwire - Nov. 13, 2008) - Smartcard Marketing Systems Inc.(PINKSHEETS:SMKG) CEO Massimo Barone Stated" Clients using the Payment remittance services of Velocitymoney.com such as Pin debit online, Bill pay and Email pay attained a new weekend high of 1600 transactions. We are also averaging 300 to 340 daily transactions up from a 200 average the previous month and continue to integrate new merchants and consumers weekly which will create continued dramatic growth.

The initial target for this segment of our business is to achieve 1000 daily transactions and 2500 to 4000 weekend transactions by the end of 1st quarter 2009. This is significant because we generate revenues from transactions which are an additional source of business for SmartCard Marketing Systems Inc.(PINKSHEETS:SMKG). This does not include Pre-paid card sales, activations, commissions from ongoing card usage and Pin Debit Terminal."

We seek safe harbor.

Contact Information