SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG) Corporate Update and Status

SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG) CEO Massimo Barone Stated "We are pleased with the results of our current growth and capability to maintain business at steady levels with over 29 active merchants Internationally and approvals pending on 8 new merchants. Our focus remains to strategically market Velocitymoney.com and Velocitymerchant.com to merchants in the Alternative Payment Segment. We continue to focus on relationships with Banks and Financial service providers Internationally to create a full financial service center to improve our capacity of offerings and integration of first class solutions that will lead the company into a Successful 1st tier Money Payment Solutions Provider.”

Achievements

Our management team has been dedicated to providing a turn key Prepaid card service unlike any other provider. The primary strategy has been and continues to be Card Management services for merchants rather than a single branded card program. As we move forward we are currently processing over $1 million monthly in card loads, bill pay and Pin Debit transactions giving us a visible presence online. Additionally we have also successfully installed over 34 Vasco Travel Agencies (Group Atrium) in Canada which is giving us a retail presence with increasing visibility.

Corporate Share Structure

The authorized shares remain at 200 million total (198 million outstanding) with 91 million free trading of which 49 million are currently held with Management and 6 principle investors. The remaining shares are held under rule 144 by Management and 8 Investors.

About SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG)

The company is leading the way in Prepaid Card Service Program Management, Payment Processing of Pin Debit Online and Bill Pay in North America and Europe. Velocitymoney.com is the proprietary offering of SmartCard Marketing Systems Inc. which has an extensive Payment network World Wide for Consumers and Merchants.

We seek safe harbor.