As Stated by company Chairman and CEO Massimo Barone: “ we are pleased to announce that we have concluded a “Poison pill” resolution for SmartCard Marketing Systems Inc effective for an 18 month period.
The Board led by its Chairman and CEO Massimo Barone has agreed that any offer to acquire the shares of (SMKG.pk) would have to include a total buyout of the authorized shares of the company not solely management with existing management maintaining control of the company for the duration period of 18 months commencing effective today.
This decision allows management to continue and focus on its course and would assure existing and future financial parties that the core business and contracts of (SMKG.pk) would remain intact and that all contractual obligations continue to their full potential and growth increasing shareholder value.
It is important that we constitute these measures as the companies stock price value is at its low and does not reflect its underlying and unrealized value. Furthermore SmartCard has interests in the Optical Market of which it would pursue bringing those interests to the public market benefiting (SMKG.PK) shareholders creating stronger book value.
We realize that our true value can be realized by graduating to a higher exchange and by becoming a fully reporting issuer. These steps will allow all SMKG.PK shareholders the unrealized benefit of its growth potential.
We seek Safe Harbor.
Contacts:
Max Barone, 1-866-774-2555
maxbarone@gosmartcard.com
www.gosmartcard.com
