HomeATM's PIN Debit Offering Helps SMS Achieve 108% Gain

HomeATM's PIN Debit Offering Helps SMS Achieve 108% Gain

Posted by John B. Frank Friday, August 15, 2008

As Stated by SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) "Management is pleased to announce Prepaid card loading and payment processing volume continued at expected levels during the 2nd quarter. Card loads and payment processing for the 2nd quarter of 2008 was $458,688 compared to $272,937 in the same quarter of 2008, a 68% gain for the quarter. In the first six months of 2008, SMKG processed $889,583 compared to $317,177 for 2007 representing a 180.4% gain for the first half of the year and attaining the $1 million milestone in July of 2008. Operating losses were cut by 40% for the first half over the first 6 months of 2007, from $182,013 in 2007 to $109,169 in 2008.

We are very pleased with these achievements as it is a difficult segment to establish an online presence in the Money remittance Industry and to continuously grow our base of customers daily."

As the company continues to deliver prepaid card programs and rollout of the Pin Debit HomeATM offering through Velocitymoney.com and Velocitymerchant.com sales, revenues/commissions from transactions continue to grow.

Contact: Max Barone, CEO 1-866-774-2555

maxbarone@gosmartcard.com

homeatm, Internet PIN Debit, online pin debit, velocitymoney

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