As stated by SmartCard Marketing Systems Inc. CEO Massimo Barone, "We are very pleased to announce that for 2007 1st and 2nd qtr we have contractually signed initial card orders of 19,000 cards for an initial order value of $152,900.00 US and booked orders for delivery of 120,000 cards for the next 48 months of $966,000.00 USD. This does not include revenues earned from commissions or royalties from prepaid card usage of the cards once active."
The Prepaid card segment is becoming a very important derivative channel of business and with many Micro Money Service businesses in the world, we are able to cater to a large demographic customer base as well as combine the Velocitymoney™ platform and financial network for consumer and merchant services generating commissions from ongoing wholesale servicing.
Our commitment to strengthening SmartCards position in the marketplace, as well as becoming a leader in back office clearing and wholesale, will strategically position the company amongst tier 2 financial aggregators internationally.
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