SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) 1st Quarter 2008 Increases 637% for Same Period Last Year, Pinksheets Upgrad
21 Juli 2008 - 12:00PM
Marketwired
SAN ANTONIO, TEXAS "Management is pleased to announce the first
quarter of 2008 results, many months of development began to
produce tangible results for Smartcard Marketing Systems
(PINKSHEETS: SMKG). Customers using the VelocityMoney.com Internet
platform processed almost $450,000 in deposits in the first
quarter, a 637% gain over the first quarter of 2007. During this
quarter the company's distributors activated over 1,100 new prepaid
MasterCards our largest month recorded. The company also began
processing payments from use of the "HomeATM" for the first time
during this quarter. These advances contributed to a 34% increase
in operating results from the first quarter of last year. As our
business continues to grow with new merchants and consumers our
existing clients have only just begun to utilize our services which
will result in continued exponential results over the next 24
months as they bring service levels and usage to a larger capacity
of their clients.
Additionally we have filed our first quarter financials of 2008
on PinkSheets.com and (PINKSHEETS: SMKG) status has been upgraded
to limited information. We are really pleased with these results
and continue to pursue on having our status to current with
additionally filings to be completed throughout the month of
August."
We seek safe harbor.
Contacts: Smart Card Marketing Systems Inc. Max Barone CEO
1-866-774-2555 maxbarone@gosmartcard.com / www.gosmartcard.com
www.velocitymoney.com / www.velocitymerchant.com
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