Smartcard Marketing Systems Inc. Posts 185% Gain
Smartcard Marketing Systems Inc.(PINKSHEETS: SMKG) announced today that their card loading and payment processing volume increased 185% in 2008 for the month of July over July 2007. The company attributes its dramatic growth to its successful launch of two prepaid debit card programs and the quick adoption of the HomeATM's online payment processing solution with Pin Debit online. The company processed $46,375 in card loads in July of 2007 and $132,245 in July of 2008.
As stated by CEO Massimo Barone of (PINKSHEETS: SMKG)"We are in an accelerated growth stage of our business cycle as new merchants and consumers purchase our products and services through www.Velocitymoney.com. In addition with the Canadian market prepaid debit cards now an active program and more market penetration with Pin Debit Pads we anticipate continued triple digit growth through 2008 and will report on a month to month basis."
