Skip to main content

SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) Announces Quarterly Corporate Update to Shareholders

(PINKSHEETS: SMKG) CEO Massimo Barone said, "We have received from our current shareholders numerous comments with the lack of publicly announced corporate updates and general news from our company. We have listened to your comments and concerns and believe we will be able to provide an adequate solution. Going forward commencing today SmartCard Marketing Systems will issue on a quarterly basis a “Quarterly Corporate Update” press release focusing on the following 4 aspects.

1. Quarterly Revenue and Transaction Results.

2. Company Forecasts

3. Corporate Share Structure

4. Company Employee Status.

We believe that this “Quarterly Corporate Update” will provide our current and future shareholders adequate information in regards to the questions and answers they rightfully demand and expect from being shareholders of our great company”

1. Quarterly Revenue and Transaction Results: For the first quarter 2010 we have had a total of 57,000 transactions generating total fee’s of $26,000.00 USD. The total remittance and Prepaid debit loads exceeded $3,200,000.00 for the Quarter. We have also generated and additional $17,000.00 from the sale of debit cards and software to our clients.

2. Company Forecasts: We receive on a daily basis over 20 business proposals and requests stemming from companies who require both our unique gosmartcard.com and velocitymoney.com service platforms. Our sales team is continuously evaluating all proposals. A large amount of time consuming due diligence is required for all proposals in order to adhere to our strict company policies and requirements. We shall make public announcements considered to be of a “Material Change” in regards to any clients joining our gosmartcard.com and or velocitymoney.com service platforms.

3. Corporate Share Structure: The current share structure of SmartCard Marketing Systems is as follows:

Authorized Shares: 200 million

Issued and outstanding: 199 million

Restricted: 68 million (Held by Management and Directors)

Free Trading Float: 131 million

There are currently no plans for any change in the corporate share structure.

4. Company Employee Status: The Company currently employs 5 full time salaried employees and 6 commissioned sales representatives.

You can also find us on:

Facebook: http://www.facebook.com/group.php?gid=8716264685

Twitter: http://twitter.com/VelocityMoney

About SmartCard

SmartCard Marketing Systems Inc was established in 2003 as a leading developer of loyalty and financial transaction management services with proprietary platforms for the Internet. Key focus of SmartCard is Back Office management services to the Money Remittance Segment.

Smart Card is looking to revolutionize the prepaid and loyalty card market by presenting their proprietary solution offering, the GoSmartCard platform. This cutting edge technology provides an essential medium for merchants and retailers to create incentive programs for their new and existing customers, as well as to collect purchasing data such as brand loyalty, buying preferences, and personal account information. The GoSmartCard platform is a real-time Internet based application that simultaneously manages both the data for business-to-business and business-to-consumer levels.

About Velocity Money

VelocityMoney™ PIN based debit card is a stored value re-loadable ATM card that can be used by consumers in the same way that traditional ATM or credit cards are used. It allows users to make retail purchases, receive direct payroll deposits from their employer, withdraw cash at over 800,000 ATMs, or send money to family or friends. The benefit of VelocityMoney™ is that there is no bank account or credit card required, the user just loads cash onto the card (at any one of our 20,500 loading stations worldwide).

We seek safe harbor

Contacts:

SmartCard Marketing Systems Inc.
Massimo Barone, CEO, 866-774-2555
maxbarone@gosmartcard.com
www.gosmartcard.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.