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Re: Golden Cross post# 10

Thursday, 06/29/2006 3:18:51 PM

Thursday, June 29, 2006 3:18:51 PM

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took a position today
Smart Card Marketing Systems Inc. Commences Pilot in Florida Video Lottery Market
Smart Card Marketing Systems Inc. (PINKSHEETS: SMKG) (FWB: QYH), a leading provider of prepaid cards, value smart storage cards and payment transaction management services, announced today that they have commenced a pilot with a few of their co-brand card merchants in the Florida video lottery market.

Smart Card's corporate merchants continue to expand the reach of their products and services and this latest development is a crucial step for the company's goal to grow their business in foreign markets. A few key resellers of Smart Card's co-branded card program have commenced a pilot for the Florida video lottery market and the initial interest have been very promising. These merchants have found a niche for the Smart Card closed loop cards to be used as a payout for lottery winnings in the state of Florida. The cards will have the functionality and capability of an ATM card and will allow for restricted no tolerance use at participating tobacco and alcohol retailers.

It is estimated that there are over three hundred locations already operating in the state of Florida that use gift cards as lottery payouts and they limit the card usage to the participating retailer. The company's anticipated goal for this program is to convert the existing gift cards used in the Florida video lottery market to cards that utilize Smart Card's leading edge technology. The initial pilot has commenced using four video lottery merchants in the area and the average payout per card is between $25.00 and $400.00.

Smart Card CEO Massimo Barone stated, "We are very pleased with the initiative taken by our resellers in Florida. This is a great opportunity for Smart Card to break into a new and exciting growth market. We look forward to converting this pilot stage into a full fledged partnership between the video lottery market and Smart Card Marketing Systems."

About Smart Card Marketing Systems, Inc.

Smart Card Marketing Systems, Inc. was established in 2003 and is a leading provider of prepaid cards, value smart storage cards, loyalty programs and payment processing services. Smart Card offers a powerful sales organization and merchant reseller marketing program that incorporates cutting edge technology and delivers a viable cost-effective solution. Smart Card is looking to revolutionize the prepaid and loyalty card market by presenting their proprietary solution offering, the GoSmartCard platform.



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