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Smart Card Marketing Systems Inc. (SMKG.pk) (QYH.f) SqueezeTrigger Price is $0.065. Approximately 9.2 Million Shares Shorted Since March 2006 According to Buyins.net Research Report

Smart Card Marketing Systems Inc., www.gosmartcard.com (Other OTC:SMKG.PK) (Frankfurt:QYH.F), is pleased to announce that BUYINS.NET, www.buyins.net, is initiating coverage of Smart Card Marketing Systems after releasing the latest short sale data to June 2007. From March 2006 to June 2007 approximately 119.3 million total aggregate shares of SMKG have traded for a total dollar value of nearly $7.8 million. The total aggregate number of shares shorted in this time period is approximately 9.2 million shares. The SMKG SqueezeTrigger price of $0.065 is the volume weighted average short price of all short selling in SMKG. The first of several short squeezes began when shares of SMKG closed above $.007, where approximately 1.7 million shares have been shorted. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Month

Total Vol.

Short Vol.

Avg. Price

Short $ Value

March '06 262,201  20,189  $ 8.833  $ 178,324 
April 671,058  51,671  $ 0.193  $ 9,947 
May 3,113,949  239,774  $ 0.228  $ 54,549 
June 3,632,082  279,670  $ 0.243  $ 67,820 
July 2,625,633  202,174  $ 0.183  $ 36,897 
August 16,899,770  1,301,282  $ 0.092  $ 119,588 
September 5,434,907  418,488  $ 0.048  $ 20,087 
October 7,720,218  594,457  $ 0.039  $ 23,065 
November 7,161,385  551,427  $ 0.023  $ 12,573 
December 4,336,596  333,918  $ 0.015  $ 4,942 
January '07 10,119,436  779,197  $ 0.021  $ 16,363 
February 11,434,417  880,450  $ 0.022  $ 19,018 
March 17,328,692  1,334,309  $ 0.014  $ 19,214 
April 6,475,125  498,585  $ 0.011  $ 5,634 
May 21,350,300  1,643,973  $ 0.007  $ 11,837 
June 757,699  58,343  $ 0.007  $ 408 

Total:

119,324,084

9,187,954

$

0.065

$

600,404

*short volume is approximated using a proprietary algorithm.

**average short price is calculated using a volume weighted average short price.

***short volume is the total short trade volume and does not account for covers.

Smart Card Marketing Systems Inc. has been on the OTC Naked Short Threshold list for 17 trading days. Brokerage firms are currently out of compliance with Regulation SHO. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.

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