SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG) Significant Demand for Pre-Paid Debit Cards Leading the Company’s Growth

SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) announced today that the Pre-Paid Debit Card market is starting to really heat up. The request’s from New Merchants in the Financial Sector converting from Credit to Debit is creating a significant market demand for the Velocitymoney.com services and products. The short to medium term is proving to be very difficult for consumers to sustain existing credit facilitation or being approved new credit resulting in the need for a Debit charge card to manage disbursements. As Banks and Lending facilitators find it challenging to underwrite capital for Credit Card programs Merchants realize that Debit Cards are the Long Term solution and can be easily tailored to their needs.

As Stated by CEO Massimo Barone “In the past 5 weeks we have entered into 4 new pilot programs with over 4000 cards to be deployed by Merchants to their existing customers representing 3% of their total customer base. The new orders after the pilot test would increase current demand by more than 100% from current levels as reported month after month.”

We seek safe harbor.