Smart Card Marketing (SMKG)

[deri21]

SAN DIEGO, CA, Dec. 7, 2015 /PRNewswire/ - SmartCard Marketing Systems, Inc. (SMKG:OTC) a financial services company focused on serving the global payments industry ("SmartCard" or the "Company"), today announced that it has initiated a $5 million USD private placement offering solely to accredited US investors (the "Offering") under Rule 506(c) of Regulation D promulgated by the SEC under the Securities Act.

The Company will use the proceeds from the Offering to conclude a proposed merger with CT-Payment and finance the growth of the new group. The new SmartCard company, including CT-Payment Inc. the largest independent processor for debit and credit EMV transactions in Canada, is focused on American and 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.