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Smart Card Marketing Systems Inc. Signs an Agreement With Selectcom Telecom6 April 2006
Smart Card Marketing Systems Inc. (SMCS)(OTC: SMKG), a leading provider of prepaid cards, value smart storage cardsand payment processing services.
Smart Card Marketing Systems CEO Massimo Barone is pleased to announce thatwe have reached an agreement with Selectcom Telecom of Canada to deliver anew integrated white label long distance service to our existing and newmerchants in North America with the capacity of servicing internationalcustomers in their country of origin.
This white label opportunity will allow for our existing merchants small orbig to offer co-branded long distance PIN based services integrated intotheir existing point of sale or online e-wallet type services with no costinventory and for any value upon request.
Selectcom Telecom VP of Marketing John Masella agrees with SKMG and this isa new avenue to deliver PIN based access for customers via online services.Selectcomtelecom.ca is a growing telecom business provider in the Canadianmarket and USA with over 200,000 consumer clients and businesses.
Additionally this opportunity will create cross selling of services in thenear future as we expand our opportunity in the white label market place --this will also allow SMKG to build a portfolio of clients in the telecommarketplace as well as integrate the product line into its merchant serviceplatform.
About: Smart Card Marketing Systems Inc.
SMKG has taken a mainstream position in the Smart Card and PrepaidFinancial Market to develop and integrate financial institutions and theretail market segment to jointly market turn key co-branded solutions forbetter consumer penetration and facilitation of loyalty, financial servicesand pre-paid product. SMKG seeks industry suppliers and creates channelpartners to better the availability of API's that respectively are onlyavailable to preferred corporations/clients and manages the requiredprotocol in-place by the offering institution.
Forward-Looking Statements. This news release contains "forward-lookingstatements," as that term is defined in Section 27A of the United StatesSecurities Act of 1933 and Section 21E of the Securities Exchange Act of1934. Statements about the expected future prospects of our business andall other statements in this release other than historical facts,constitute forward-looking statements. You can identify forward-lookingstatements because they contain words such as "believes," "expects," "may,""will," "would," "should," "seeks," "approximately," "intends," "plans,""estimates," or "anticipates" or similar expressions which concern ourstrategy, plans or intentions. All statements we make relating to estimatedand projected earnings, margins, costs, expenditures, cash flows, growthrates and financial results are forward-looking statements. In addition,we, through our senior management, from time to time make forward-lookingpublic statements concerning our expected future operations and performanceand other developments. All of these forward-looking statements are subjectto risks and uncertainties that may change at any time, and, therefore, ouractual results may differ materially from those we expected. We derive mostof our forward-looking statements from our operating budgets and forecasts,which are based upon many detailed assumptions. While we believe that ourassumptions are reasonable, we caution that it is very difficult to predictthe impact of known factors, and, of course, it is impossible for us toanticipate all factors that could affect our actual results. Some of thefactors that we believe could affect our results include: general economicand market conditions, including the lingering effects of the economicslowdown and services revenue; the overall condition of the bank cardindustry, including the effect of any further consolidation among financialservices firms; the regulatory, credit and market risks associated with ouroperations; the integration of acquired businesses, the performance of ourbusinesses; the effect of war, terrorism or catastrophic events; the timingand magnitude of sales; the timing and scope of technological advances; theability to retain and attract customers and key personnel; and the abilityto obtain patent protection and avoid patent-related liabilities in thecontext of a rapidly developing legal framework for software andbusiness-method patents. The factors described in this paragraph and otherfactors that may affect our business or future financial results and whenapplicable, will be discussed in our filings with the Securities andExchange Commission. We assume no obligation to update any written or oralforward-looking statement made by us or on our behalf as a result of newinformation, future events or other factors.
Contact:Max Baronemaxbarone@velocitymoney.comwww.smartcardmarketingsys.com1 866 774 2555
SOURCE: Smart Card Marketing Systems Inc.
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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