Schimatic Technologies, Inc (SCTN)

[stupididiotinvestor]

LAS VEGAS, April 16 /PRNewswire-FirstCall/ -- Credit Libanais S.A.L., the largest merchant acquiring bank in Lebanon, which provides financial acquiring for more than 10,000 merchants representing the majority of the Lebanese acquiring market, will be deploying the selektpoints(TM) Loyalty Program utilizing the SCTN (OTC: SCTN) End to End Loyalty Solution deployed through Phoenix Technology Holdings Inc.

'selektpoints is a merchant driven program and Credit Libanais is a terrific partner. They have a significant market share in Lebanon and their commitment to value added programs for their merchants makes this a fantastic relationship,' commented Robert Buchan, CEO of selektpoints(TM).

Credit Libanais has flourished in the Lebanese acquiring market by continuously committing to resources and initiatives that drive significant value to its customers. Credit Libanais investment in innovation and technology allows to seamlessly integrate powerful solutions, such as selektpoints(TM), quickly and efficiently down to its large merchant base.

Deputy General Manager of Credit Libanais Antoine Raad said 'This program is not only a significant value for our large merchant base but also to our Credit and Debit cardholders. This is the first third party EMV Smart Card application to reside alongside the Credit and Debit financial applications. This makes this project very exciting for several divisions here at the Bank.'

http://www.thesubway.com/thenews.asp

http://www.thesubway.com/companydata.asp?qm_page=6806