Press Release As Stated by SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG)
"Management is pleased to announce the first quarter of 2008 results, whereby many months of development
began to produce tangible results for Smartcard Marketing Systems.
Customers using the VelocityMoney.com Internet platform processed almost $450,000 in deposits in the first quarter, a 637% gain over the first quarter of 2007.
The company also began processing payments from use of the "HomeATM" for the first time during this quarter. These advances contributed to a 34% increase in operating results from the first quarter of last year.
During this quarter the company's distributors activated over 1,100 new prepaid MasterCards our largest month recorded. As our business continues to grow with new merchants and consumers our existing clients have only just begun to utilize our services which will result in continued exponential results over the next 24 months as they bring service levels and usage to a larger capacity of their clients.
Additionally we have filed our first quarter financials of 2008 on PinkSheets.com and status has been upgraded to limited information. We are really pleased with these results and continue to pursue on having our status to current with additionally filings to be completed throughout the month of August."
Contacts:
Smart Card Marketing Systems Inc.
Max Barone - CEO
1-866-774-2555
maxbarone@gosmartcard.com
www.gosmartcard.com
www.velocitymoney.com
http://www.velocitymerchant.com/
"Management is pleased to announce the first quarter of 2008 results, whereby many months of development
began to produce tangible results for Smartcard Marketing Systems.Customers using the VelocityMoney.com Internet platform processed almost $450,000 in deposits in the first quarter, a 637% gain over the first quarter of 2007.
The company also began processing payments from use of the "HomeATM" for the first time during this quarter. These advances contributed to a 34% increase in operating results from the first quarter of last year.
During this quarter the company's distributors activated over 1,100 new prepaid MasterCards our largest month recorded. As our business continues to grow with new merchants and consumers our existing clients have only just begun to utilize our services which will result in continued exponential results over the next 24 months as they bring service levels and usage to a larger capacity of their clients.
Additionally we have filed our first quarter financials of 2008 on PinkSheets.com and status has been upgraded to limited information. We are really pleased with these results and continue to pursue on having our status to current with additionally filings to be completed throughout the month of August."
Contacts:
Smart Card Marketing Systems Inc.
Max Barone - CEO
1-866-774-2555
maxbarone@gosmartcard.com
www.gosmartcard.com
www.velocitymoney.com
http://www.velocitymerchant.com/
