SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG) Board Approves Reverse Stock Split As Favorable Option

SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) CEO Massimo Barone stated “The past 2 years have been quite exciting for the company with the introduction of new payment methods integrated into the Velocitymoney™ platform and the accelerated acceptance by our merchants to implement them with their existing and new customers.

Although the company’s business has grown our current share price value has not reflected our technical innovation or performance. We believe that the company respectfully should have benefited from a higher share value also reflecting a more significant market cap enticing Equity Funds to participate gradually in our growth. At this time the Board of SmartCard Marketing Systems Inc. has agreed to pursue the increase of current authorized share capital of 200,000,000 to 300,000,000 and then to reverse the new position by a ratio of 5 old for 1 new which would result in a new authorized capital structure of 60,000.000 shares. This new structure would be more favorable moving forward also allowing for acquisitions or possibly a merger.

If you should have any questions please contact us by email at support@gosmartcard.com with the subject line: Reverse Stock Split”

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