smkg could see big movement today in price news out.
SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG) Corporate Update to Shareholders
SAN ANTONIO, Aug 12, 2009 (BUSINESS WIRE) -- SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) as Stated by CEO Massimo Barone," The Company is benefiting from major growth from its Payment Processing services specifically in the Email Transfer, Bill Pay and Pin Debit solutions. Our capacity to deliver a North American based solution to facilitate the Cross-Over from the USA to Canada for our merchants and consumers creates a very unique opportunity for the company which remains on track.
The Pre-paid card market is also fueling our fueling our growth due to the lapse in Credit available services from traditional Financial Institutions allowing (PINKSHEETS:SMKG) to be selective in taking in new customers hit by the current crisis. Our portfolio of pre-paid cards has us enthusiastic with the certainty of continued strong growth and the potential of making us into a World Class card program company in the near future."
ABOUT VELOCITYMONEY.COM
Velocitymoney.com continues to see growth in customer registrations and merchant activity with the priority placed on delivering a more dynamic and well marketed site. As we continue to develop a parallel new website with major focus on the customer experience we strive to complete the new offering prior end of 3rd Quarter 2009 which will not disrupt our existing services.
SHARE STRUCTURE
The current share structure of (PINKSHEETS:SMKG) 200 million Authorized ,198 million outstanding Shares with the float of 92 million shares. Management at this time is not considering increasing the authorized or considering a stock reverse split of shares.
We seek safe harbor
SOURCE: SmartCard Marketing Systems Inc.
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