SmartCard Marketing Systems Inc.
PINK SHEETS : SMKG

SmartCard Marketing Systems Inc.

July 08, 2008 13:00 ET

SmartCard Marketing Systems Inc. (SMKG:Pinksheets) Canadian Prepaid Cards With Direct World Convenience Card Have Commenced Fullfilment

SAN ANTONIO, TEXAS--(Marketwire - July 8, 2008) - As stated by (PINK SHEETS:SMKG) CEO Massimo Barone; "We are pleased to announce that the Canadian prepaid cards have arrived for fulfillment and we can now successfully commence distribution to our retailers in the Canadian marketplace and accelerate our continued growth. At present we have 2 major distribution points of access for fulfillment with Vasco Travel having a substantial Nationwide presence and Video Super-Choix dominantly in Quebec have a combined retail presence of 260 locations, this does not include an additional 23 independent locations which are also activation and load centers for Velocitymoney.com. Our back orders for merchants and businesses awaiting for the payroll card services represents 3200 cards and $67 000.00 Canadian funds in receivables.

We are very optimistic that we can now fulfill 2 major market segments and the Aboriginal Territories and take market share in the prepaid card market of which has struggled in anticipation of card availability. The Velocitymoney.com merchant and consumer site has become an important part of the prepaid segment and money remittance for the online industry. We continue to channel our focus developing and marketing our Payment gateway access worldwide."

We seek safe harbor.

Contact Information