SOURCE: visionGATEWAY, Inc.

May 04, 2007 18:09 ET

VisionGateway and SmartCentric Technologies to Expand Client Base With Smart Card-Based E-Business Solutions

Combined Solutions to Deliver Secure E-Business Integration With Multi-Application Smart Card Applications for Immediate Client Opportunities

SAN DIEGO, CA -- (MARKET WIRE) -- May 4, 2007 -- VisionGateway, Inc. (OTCBB: VGWA), a next-generation software solutions company capitalizing on the explosive growth of Internet use worldwide, announced today that the Company has begun working with SmartCentric Technologies International Ltd, a leading global smart card solution provider, to provide an additional e-business solution to VisionGateway's growing client base. The new e-commerce solutions are intended to complement INTERScepter, the Company's core Internet Resource Management and security platform technology.

The SmartCentric solutions will bring to VisionGateway not only the latest innovative card and payment systems, but also access to a portfolio of revenue generating clients. Both companies have begun working together on immediate client opportunities in the real estate, print media and gaming industries.

Specifically, the SmartCentric solutions will also add key smartcard capabilities for VisionGateway's current clients in the Higher Education sector. By integrating SmartCentric technology, VisionGateway clients will benefit from centralized processing, easy to configure, deploy and manage services, offering increased ease of use for off-campus and city card programs.

"INTERScepter is to VisionGateway what MS Dos was to Microsoft, in that it provides an ideal platform for additional applications and capabilities for a broad range of Internet-based services," said Michael Emerson, Chief Executive Officer of VisionGateway. "Our teaming with SmartCentric is an excellent example of that comparison because adding their smartcard solutions to our already impressive list of capabilities makes our INTERScepter that much more compressive. We are fully committed to executing on our business model to create and commercialize our product in the burgeoning field of Internet Resource Management and security."

"VisionGateway's global coverage and distribution network provides us immediate growth opportunities in regions we currently do not have a presence," said SmartCentric CEO Kieran Timmins. "Further, the potential to integrate our payment and security systems into a packaged solution for specific market sectors across all regions will be investigated by both companies," he said.

About SmartCentric Technologies International Limited

SmartCentric Technologies International Ltd (SmartCentric) is a specialist technology company focused on secure payments and transactions and multi-application smart card systems. SmartCentric's flagship product, SmartCity®, was originally developed by the SmartCentric team in the early 1990s and has evolved into a trusted worldwide card solution. SmartCity® is a Multi-Application Smart Card based system which has many wide-ranging uses, such as stored value, loyalty, gift cards, logical access, physical access, biometrics, car parking and ticketing. SmartCity® is based on international standards and is teamed with best of breed industry partners to deliver leading edge technology and first class client friendly solutions.

The latest version of SmartCity® offers the full range of SmartCentric's multi-applications on contactless cards (RFID) and offers remote data collection giving the best of both worlds for networked areas and remote locations.

Key features of the system include centralized processing and security which offers reduced costs for card issuing; easy to configure, deploy and manage services, offering increased ease of use for various industry related card programs; improved transaction processing and collection giving more information with less effort; web based interfaces; better administration tools for easy system management; simple upgrade of cards in the field; an improved reporting system and an infrastructure which supports smaller issuers.

SmartCity® has been used to issue in excess of 7 million cards worldwide in diverse sites such as colleges, government offices, military establishments, banks, cities, towns, shopping areas, and stadiums.

About VisionGateway Inc.

VisionGateway is committed to the development of a high-growth, public company that creates, acquires, licenses and markets next-generation software solutions capitalizing on the explosive growth of Internet use worldwide. As the global economy becomes ever more dependant on Internet-based tools and services, VisionGateway is positioned to exploit several multibillion dollar markets by delivering highly-sophisticated security solutions to key government agencies, businesses, universities, financial services, and directly to the retail Internet consumer.

INTERScepter, the Company's cutting-edge software product, offers a fluid, highly intuitive user interface that provides high granularity control of business issues and costs, expanding the managerial universe beyond IT control and moving it to in the hands of business managers.

VisionGateway is well funded and is already generating revenues worldwide with expanding markets in the United States, United Kingdom, Europe, South Africa, Asia, as well as Australia and New Zealand. Based on current activity, VisionGateway expects to install its INTERScepter solution in more than 200,000 work stations in the next 12 months. For more information, please visit: www.visiongateway.net.

For investor-specific information and resources, visit http://www.trilogy-capital.com/tcp/vision.

To view current stock quotes and news, visit http://www.trilogy-capital.com/tcp/vision/quote.html.

To view an investor fact sheet about the company, visit http://www.trilogy-capital.com/tcp/vision/factsheet.html.

Forward-Looking Statements

Statements made in this Document, which are not purely historical are forward-looking statements with respect to the goals, plan objectives, intentions, expectations, financial condition, results of operations, future performance and business of the Companies, including, without limitation, (i) the Companies' ability to raise capital and (ii) statements preceded by, followed by or that include the words "may," "could," "should," "expects," "projects," "anticipates," "believes," "estimates," "plans," "intends," "targets," or similar expressions.

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond the Companies' control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: general economic or industry conditions, either nationally, internationally or in the communities in which the Company conducts its business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, the Companies' ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, governmental, regulatory and technical factors affecting the Companies' operations, products, services and prices.

Accordingly, results actually received may differ materially from results expected in these statements. Forward-looking statements speak only as of the date they were made. The Companies' do not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date such statements were made.

Contact Information

  • VisionGateway Sales Contact Information

    Michael Emerson
    Chief Executive Officer
    VisionGateway Inc.
    Tel - +1-858-794-1416
    Fax - +1-858-794-1450
    Email: info@visiongateway.net
    www.visiongateway.net

    Investor Contact Information

    Ryon Harms
    Trilogy Capital Partners
    Financial Communications:
    Toll-free: +1-800-592-6067
    ryon@trilogy-capital.com

    SmartCentric Sales Contact Information

    United States of America
    Chris Rizzetto
    Sales Director - North America
    SmartCentric Technologies US LLC
    8983 Okeechobee Blvd, Suite 202-189
    West Palm Beach, FL 33411-1826
    United States of America
    Phone: +1-561 228 1826
    Fax: +1-561 228 8410
    Email: chris.rizzetto@smartcentric.com
    Web: www.smartcentric.com

    WorldWide
    Kieran J Timmins
    Chief Executive Officer
    SmartCentric Technologies International Ltd
    12, The Seapoint Building
    44/45 Clontarf Road, Clontarf
    Dublin 3, Ireland
    Phone: +353 1 854 0501
    Email: kjt@smartcentric.com
    Web: www.smartcentric.com