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SmartCard Marketing Systems Inc. (SMKG: Pinksheets) Corporate Update for Investors and Shareholders
Mar 17, 2008 (08:03 AM EDT)
SAN ANTONIO, March 17 /PRNewswire-FirstCall/ -- As Stated by SmartCard Marketing Systems Inc. (SMKG: PINKSHEETS) "We are pleased to announce our continued information disclosure for investors and shareholders regarding business affairs and corporate share structure as of Dec 31st 2007.
At present we are currently having a successful and consistent new activation rate of 20 re-loadable prepaid cards a day minimum on a 7 day cycle of business with a steady load amount of $12,000.00 daily base also 7 day - with our highest single day to date of $41,000.00 in loads. In addition we have received commitment orders for an additional 6000 cards from independent merchants for 2nd quarter of 2008. The above mentioned is solely our prepaid card business and does not reflect sales or revenues generated from other services of the company as we felt it important to address this question shareholders wanted to know and to better understand our growth in the prepaid card segment.
These activations do not take into consideration the impact of new marketing efforts underway with Nascar-Ski MotorSports Inc, Derek Miller Music and trade events scheduled."
As of Dec 31st 2007 (SMKG: PINKSHEETS);
SmartCard Marketing Systems Inc. is a non-reporting company and is at present preparing regulatory filings for modification to becoming a reporting issuer as previously announced;
200mm shares authorized 170mm are outstanding (77mm free trading and 93mm restricted) Management continues to have control with over 63% of the total shares. We seek safe harbor.
CONTACT: Max Barone, CEO, Smart Card Marketing Systems Inc., email@example.com,
Web site: http://www.gosmartcard.com/ http://www.velocitymoney.com/