SMART CARD MARKETING SYSTEMS INC
SMARTCARD MARKETING SYSTEMS INC ("SMKG-0")
- Rapid Growth of 266% for Aug 2008 Compared to Same Month Last Year
Smartcard Marketing Systems announced today that their Card loading,
Pin Debit and Payment processing volume increased in triple digits for the
month of August 2008 over August 2007. The company posted a 266% gain in
card loading and payment processing for August over last year, growing from
$44,560 in August 2007 to $163,300 in August 2008.
(PINKSHEETS:SMKG) President Bruce Baillio said, "This continued
dramatic growth marks the emergence of the company from its product
development stage into full production and product delivery mode. As more
of our backlog of orders is fulfilled, the company expects to see an even
more dramatic increase in payment processing and fee revenues generated
from merchant and consumer use.
Our business model is benefitting from the worldwide trend of consumers
moving from credit cards to debit cards. A 2007 report from Callahan &
Associates found that in 2006, debit card usage surpassed credit card usage
for the first time, with consumers conducting over 26.5 billion debit
transactions at the point-of-sale in 2006."
We seek safe harbor
www.Velocitymoney.com
Management is determined to become the leader Online for Money
Remittance, Prepaid cards and Pin Debit online processing and to set the
standard for a global secure funds transfer platform with multi-currency
settlement worldwide."
We seek safe harbor.
