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SmartCard Marketing Systems Inc. (SMKG: OTC) enters into LOI to Acquire Ct-Payment Inc. the largest independent processor for debit and credit EMV transactions in Canada

Wilmington, DE -- August 27, 2015 -- InvestorsHub NewsWire -- Both SmartCard and CT Payments announced they have proposed to enter into a reverse merger upon completion of growth capital financing with SmartCard acquiring 100% of the shares of CT Payments, Inc. in a stock-for-stock swap in order to form an agnostic payment company. The new SmartCard company is focused on Asian markets with growth being driven by Issuer & Acquirer Banks & Telecom clients requiring EMV Payment solutions with multiple Card network acceptance processing for their Retail & Enterprise merchants. The corporation will take advantage of development and technical expertise of CT Payments resulting in a Card-present & Card not present product offering to create a powerful EMV Host solution to be the center point of the combined companies' strategy to accelerate EMV Devices for Wireless & Mobile. Also mission critical is CT's device lab certification expertise which is a key element in the deployment and scalability currently needed in the industry to accelerate technology implementation in the regions.