View Full Version : Smkg Pinksheets
stockup
08-10-2008, 10:22 PM
company has overcome many hurdles, and upgraded status on pinksheets. Additionally revenue and processing growing triple digit growth.
level 2depth exciting position at under 01.
stockup
08-12-2008, 12:58 AM
SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) Industry Continues to see Growth
SAN ANTONIO, TEXAS -- (Marketwire) -- 08/11/08 -- As Stated by SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) "Management is pleased to provide the following industry news/stats to its investors and shareholders. Our business strategy includes retailers servicing the estimated 20 - 25 million un-banked employees in the U.S. and 25 million under-banked employees with cross border an additional 9 - 12 million in Canada. Current customers target the Hispanic marketplace (2005 estimated 40 million people in the US) and other individuals who do not have bank accounts or who prefer to deal primarily in cash. Retailers can offer ATM cards or Debit re-loadable cards to customers in lieu of cash, whether they have a bank account or not. The cards can be reloaded with cash at the retailer's location or through payroll direct deposit from the customer's employer.
(SMKG: PINKSHEETS) customers also include money transfer agents who are competing with MoneyGram and Western Union. Last year more than 100 million transfers were completed, with 56% being international, half of those going to Canada or Mexico. The average transfer was $300 - $500. SMKG debit card products leverage the ATM networks world-wide, particularly in the countries where the money is being paid out. This ability provides a lower-cost alternative to Western Union or MoneyGram, whose combined costs can run 10% - 15% of the amount transferred, when currency conversion costs are included. The velocitymoney.com payment network then allows merchants and customers to transact globally.
Debit Keeps the Bank Card Networks Humming
Digital Transactions - Hoffman Estates, IL,USA Debit purchase volume, including that on Visa's Interlink PIN-based network, hit $193 billion, up 16.3% from $166 billion in fiscal 2007's second quarter.
We seek safe harbor.
stockup
08-13-2008, 10:47 PM
great day of volume , good buying at the ask 008 and 007
level 2 is thinning under 0165 and with decent buys of under 1mm shares we could see at .015 to 02 levels
stockup
08-17-2008, 06:48 PM
SmartCard Marketing Systems Inc. (SMKG:PINKSHEETS) Payment processing for card loads up 180% gain to June 30, 2008 as compared to same period last year. As Stated by SmartCard Marketing Systems Inc. (SMKG:PINKSHEETS) “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 $1million 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. SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG)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 and commissions from transactions continue to grow. 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.” We seek safe harbor.
mlegha1
08-18-2008, 12:50 AM
This thread belongs in the penny section!
Supreona
08-18-2008, 03:17 AM
This thread belongs in the penny section!
:laugh:
stockup
08-22-2008, 03:48 PM
SmartCard Marketing Systems Inc. (SMKG:PINKSHEETS) Signs agreement with Canadian financial service provider for 4000 Pin Debit and Prepaid cards. As Stated by SmartCard Marketing Systems Inc. (SMKG:PINKSHEETS) “Management is pleased to announce that we have signed an agreement to provide 4000 Pin debit and Prepaid cards to a Canadian Financial service provider in Canada with online and retail services, this is additional from the 9000 with Kiyss.com. The agreement includes the use of the Velocitymoney.com loading network, Pin Debit “HomeAtm” and instant issue prepaid cards for money remittance services. The agreement established is over a period of 2 years to fulfill delivery giving access to their members, which will double our existing number of accounts and make the Velocitymoney.com a service leader in the online payment segment. The price established per customer implemented is $27.50 for a total of $110,000.00 dollars with an estimated number of 8 transactions per month of $150.00 to $240.00 range. This does not include email money transfers, card to card transfers or multi-currency settlement between clients once funds in transit. Velocitymoney.com continues its strong growth through 2008 and believes strongly that 2009 will see more aggressive growth as more merchants and financial institutions continue to realize the benefits of our services online worldwide. We seek safe harbor.
aiki14
08-22-2008, 05:47 PM
This is a classic example of a company whose only real purpose is to sell stock, and the only reasons anybody would hype it is to get out of a losing position, or they are part of the original scam. Classic pump and dump dreck that you'd have to be a degenerate gambler to get into and a person without conscience or scruples to pump.
Good luck with it though. :thumpdown:
Normally I wouldn't stoop down to notice this crap, but the OP put it in this section and then disregarded previous posts to put it in the proper location. I apologize if this is overly disrespectful but I guess anyone who would pump this nonsense in this section isn't cognizant of the concept of respect anyway.
Supreona
08-22-2008, 06:07 PM
This is a classic example of a company whose only real purpose is to sell stock, and the only reasons anybody would hype it is to get out of a losing position, or they are part of the original scam. Classic pump and dump dreck that you'd have to be a degenerate gambler to get into and a person without conscience or scruples to pump.
Good luck with it though. :thumpdown:
Normally I wouldn't stoop down to notice this crap, but the OP put it in this section and then disregarded previous posts to put it in the proper location. I apologize if this is overly disrespectful but I guess anyone who would pump this nonsense in this section isn't cognizant of the concept of respect anyway.
Indeed.
stockup
08-26-2008, 04:22 PM
SMKG bids getting stronger on support line ...
the ask is holding at 006 and with small buys climbs ..so lots are small
stockup
09-02-2008, 08:30 AM
SMKG charts looking good, selling thin and buying pressure adding up...
stockup
09-03-2008, 02:00 PM
Smartcard Marketing Systems Inc. (PINKSHEETS: SMKG) Posts 185% Gain in Card Loads and Payment Processing Compared to Same Month Last Year
SAN ANTONIO, TEXAS -- (Marketwire) -- 09/03/08 -- Smartcard Marketing Systems Inc.(PINKSHEETS: SMKG) announced today that their card loading and payment processing volume increased 185% in 2008 for the month of July over July 2007. The company attributes its dramatic growth to its successful launch of two prepaid debit card programs and the quick adoption of the HomeATM for online payment processing with Pin Debit online. The company processed $46,375 in card loads in July of 2007 and $132,245 in July of 2008.
As stated by CEO Massimo Barone of (PINKSHEETS: SMKG)"We are in an accelerated growth stage of our business cycle as new merchants and consumers purchase our products and services through www.Velocitymoney.com (http://www.velocitymoney.com/). In addition with the Canadian market prepaid debit cards now an active program and more market penetration with Pin Debit Pads we anticipate continued triple digit growth through 2008 and will report on a month to month basis."
We seek safe harbor
stockup
09-09-2008, 12:37 PM
Marketing Systems Inc.(PINKSHEETS: SMKG) Growth Through Direct Channel of Business With Merchants.
SAN ANTONIO, TEXAS -- (Marketwire) -- 09/09/08 -- As Stated by SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) "Management is focused on delivering core products and services to the Online business community with the opportunity of growing the off-net market segment inclusively creating a value proposition for consumers. Our strategy is comprised of developing and strengthening Velocitymoney.com and the transaction management component as a primary choice for businesses with needs in the financial and loyalty management industry specifically Money remittance, Check cashing, Pin Debit and Prepaid card services.
Velocitymerchant.com
Our ability to provide card programs instantly with turnkey management software allows us to shorten the wait period for merchants to actively participate in the industry and get consumers product. This advantage offered through Velocitymerchant.com solution shortens the wait cycle from 10 to 15 weeks down to 3 to 5 weeks and with a full suite of API for integration creates the ideal environment to channel merchants customers through Velocitymoney.com in partnership generating transactions and fee's for both parties."
We seek safe harbor.
stockup
09-16-2008, 09:46 PM
held its ground at 005, some news would commence the pace.
only 3mmids then jumps
ZaNoob
09-16-2008, 09:52 PM
You keep hyping this and each time the price has gone down. Can this be moved to the pink sheets section?
stockup
09-19-2008, 12:13 AM
SMKG ... level 2 showing easy break over 01
charts looking great.. let see if support level rises above 005
stockup
09-23-2008, 09:03 PM
SmartCard Marketing Systems Inc. (SMKG:PINKSHEETS) 2 new programs signed with 3500 prepaid cards sold.
As Stated by SmartCard Marketing Systems Inc.(SMKG:PINKSHEETS) ”We continue to see growth in new programs, with merchants focusing in the online Money Remittance segment, Payment Processing of retail transactions and Bill pay. As the demand for more secure and custom products continues to outpace generic prepaid services, we continue to experience increasing consumer retention with the prepaid products and the use of the Pin Debit HomeAtm unit in the USA, Canada and Europe.
The 2 new programs will add 3,500 prepaid cards/customers to Velocitymoney.com portfolio with an additional $300k USD to $550k USD per year of remittance payments over the next 2 years adding to an existing base. (SMKG:PINKSHEETS) existing customers will on average generate 3 transactions per month. (SMKG:PINKSHEETS) anticipates that as the new customers activate their prepaid cards and Velocitymoney.com account, they will generate an additional 9,000 to 12,000 transactions per month with fee’s generating $0.50 to $1.50 USD per transaction.
Velocitymoney.com
Management is determined to become the leader Online for Money Remittance, Prepaid cards and Pin Debit online processing and to set the standard for a global secure funds transfer platform with multi-currency settlement worldwide.”
We seek safe harbor.
stockup
10-01-2008, 10:43 AM
SMKG:PINKSHEETS) Rapid Growth of 266% for Aug 2008 compared to same month last year.
Smartcard Marketing Systems (SMKG:PINKSHEETS) announced today that their Card loading, Pin Debit and Payment processing volume increased in triple digits for the month of August 2008 over August 2007. The company posted a 266% gain in card loading and payment processing for August over last year, growing from $44,560 in August 2007 to $163,300 in August 2008.
(SMKG:PINKSHEETS) President Bruce Baillio said, “This continued dramatic growth marks the emergence of the company
from its product development stage into full production and product delivery mode. As more of our backlog of orders
is fulfilled, the company expects to see an even more dramatic increase in payment processing and fee revenues
generated from merchant and consumer use.
Our business model is benefitting from the worldwide trend of consumers moving from credit cards to debit cards. A 2007 report from Callahan & Associates found that in 2006, debit card usage surpassed credit card usage for the first time, with consumers conducting over 26.5 billion debit transactions at the point-of-sale in 2006.”
www.Velocitymoney.com (http://www.Velocitymoney.com)
Management is determined to become the leader Online for Money Remittance, Prepaid cards and Pin Debit
online processing and to set the standard for a global secure funds transfer platform with multi-currency settlement worldwide."
We seek safe harbor.
stockup
10-10-2008, 02:09 PM
SMKG:PINKSHEETS) Velocitymoney.com expanding Prepaid debit usage and Pin debit online with merchants globally.
SmartCard Marketing Systems Inc.(SMKG:PINKSHEETS) CEO Massimo Barone Stated “ We are positioning Velocitymoney.com to be strategically focused on E-merchant business through the use of Prepaid debit Card services and Pin Debit “online” worldwide. We presently offer Prepaid Debit card services throughout the North America and Europe in 4 currencies, USD, Canadian, Euro, and Sterling. The Pin Debit terminals will lead the online merchant and consumer market in the future as it is a secure payment gateway unlike any other to the customers of merchants creating the ideal payment network in an open or closed loop environment.
The Vision of the company is “to create the opportunity for the merchant and to improve the channel of the transactions” in which are processed for the pay-in or pay-out. In the past year our growth has been exciting and as more back order programs reach fulfillment we continue to add more financial providers to our Velocitymoney.com network.”
We seek safe Harbour
stockup
10-14-2008, 11:42 AM
(SMKG:PINKSHEETS) Continues Triple-Digit Growth in September 08 and Month Over Month Compared to Last year.
Smartcard Marketing Systems Inc.(SMKG:PINKSHEETS) announced today that their Prepaid Card (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32851273#) loading, Pin Debit and Payment processing volume increased in triple digits to $367,000 USD for the month of September 2008 over September 2007 and over last month, August 2008. The company posted a gain in card loading and payment processing for August upto 10 times larger than last year's August total and 226% greater than even last month, setting a new payment processing record for the company.
(SMKG:PINKSHEETS) President Bruce Baillio said, “This striking growth is the result of continuing to fill our backlog of prepaid card orders and the launch of our VelocityMoney.com Online Bill Pay service both in Canada and the US. The Canadian market for Online Bill Pay is much less crowded than the US market. The company expects to see exceptional
growth in this segment during the next 12 months.
The current uncertainty in the worldwide credit markets is actually stimulating demand for our prepaid products and services. When consumers' credit lines are decreased, they turn to prepaid cards (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32851273#) to maintain the convenience of using a branded card to make purchases, because their credit cards are topped out. (SMKG:PINKSHEETS) is seeking to capitalize on the move from credit to debit transactions at the point of sale and capture a share of the 26.5+ billion (as of 2006) consumer debit transactions."
We seek safe harbor
www.Velocitymoney.com
Management is determined to become the leader in Online Money Remittance, Prepaid cards and Pin Debit online processing and to set the standard for a secure funds transfer platform with multi-currency settlement capabilities worldwide."
We seek safe harbor.
Bolimomo
10-14-2008, 08:10 PM
Thank you so much for this tip, stockup! I have just bought 500,000 shares of SMKG. I can't wait to count my money!
stockup
10-17-2008, 01:00 PM
SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) 2 New Co-Brand Prepaid Programs Commence Rollout
SAN ANTONIO, TEXAS -- (Marketwire) -- 10/17/08 -- SmartCard Marketing Systems Inc.(PINKSHEETS: SMKG) announced today that 2 more back order programs for their prepaid segment commence rollout on Monday October 20/2008. As more co-branded programs reach market our money remittance segment continues to grow allowing our proprietary offering Velocitymoney.com to grow aggressively and take a serious strong hold in the market. The 2 programs combined are estimated to bring an additional $200K of monthly remittance or 800 to 1000 load transactions monthly and increase usage of the companies Bill pay offering in Velocitymoney.com.
At present the company anticipates to have 6 more programs up and running prior year end of 2008 bringing the number of co-brand prepaid card programs to 11, this does not include our generic offering for payroll or retail solutions. In addition this will also have a good impact on increased demand for the Pin Debit (HomeAtm) solution.
www.Velocitymoney.com (http://www.velocitymoney.com/)
Management is determined to become the leader in Online Money Remittance, Prepaid cards and Pin Debit online processing and to set the standard for a secure funds transfer platform with multi-currency settlement capabilities worldwide."
stockup
11-16-2008, 06:07 PM
wow for SMKG, that means that if they are doing 350 avg x 30 days = 10000 plus transactions at .90 avg - cash flow and rev climbing . also they stated doesnt include other business in numbers
check last few press releases.. number picking up fast.
stockup
11-19-2008, 01:41 PM
(PINKSHEETS: SMKG) Transactions Continue to Climb to 1900 for This Past Weekend With Velocitymoney.Com
SAN ANTONIO, TEXAS -- (Marketwire) -- 11/19/08 -- Smartcard Marketing Systems Inc. (PINKSHEETS: SMKG) As Stated by CEO Massimo Barone" I am pleased to announce that clients using the Payment remittance services of Velocitymoney.com such as Pin debit online, Bill pay and Email pay continue to climb and attain a new weekend high of 1900 transactions showing significant demand in our services while averaging 350 daily transactions during the week. This represents an average of 3650 transactions for the week generating fee's of $3285.00 USD (3650 trans. past week at $.90 avg.).
Our ability to grow under these market conditions and roll out new merchants that remain in back order gives us positive signs that as the markets return to a more stable environment we will benefit from a full output of existing orders. The above does not include Pre-paid card sales, activations, commissions from ongoing card usage and Pin Debit unit sales."
We seek safe harbor.
Contacts:
stockup
11-23-2008, 11:33 PM
SMKG has had strong support at 005 and 006 levels and management buying stock. revenue generating and growing.. not many pinks in that field
stockup
11-29-2008, 09:16 PM
numbers continue impressive run... as companies growth huge
stock on the climb and with new investors getting in.. great timing
stockup
12-02-2008, 11:04 PM
SMKG showing strength with solid buying past 10 days. wall under 01 being gobbled up.
charts are sweet showing big movement coming
Bolimomo
12-03-2008, 02:00 AM
SMKG showing strength with solid buying past 10 days. wall under 01 being gobbled up.
charts are sweet showing big movement coming
Yeah. Very solid buying.
I am patiently waiting for it to go $1.00.
3918
Albert0373
12-03-2008, 09:39 AM
Did you bother to read the first page stockup?
Bolimomo
12-03-2008, 02:04 PM
We can save our breath and bandwidth.
That account is only setup for pumping posts. A bot. Not a real person.
stockup
12-10-2008, 11:57 AM
well thats not the case albert / bolimo... real person no bots
SMKG more news out today and yes this deal is getting huge attention and looking solid for breakout
SmartCard Marketing Systems Inc. (Pinksheets: SMKG) Transactions Top 2500 For Previous Weekend With
Prepaid Card Activations Rising
SmartCard Marketing Systems Inc.(PINKSHEETS: SMKG) Announced today that their Bill pay and Pin debit
online services through the Velocitymoney.com site continues to achieve strong results increasing week
to week as new member signup's continue from the result of Prepaid card activations. It is evident that the services offered
to Prepaid card holders is allowing for (PINKSHEETS: SMKG) to sustain favorable growth in revenues earned
from transactions. The company processed over 14 000 transactions for the month
of November 2008.
CEO Massimo Barone said, "As we move forward into 2009 the number of merchants and their customers
using our services is on the rise dramatically and strengthening the companies outlook."
We seek safe harbor.
ZaNoob
12-10-2008, 08:50 PM
Well, I finally decided I'd cave in and buy 500K shares of SMKG. BUT BUT BUT....
my commission per share cost the same as the stock!!!! It would have to appreciate 200% just for me to break even when I sell. Sad as I was I had to forget about it.
Bolimomo
12-10-2008, 10:26 PM
You should use Ameritrade. One flat price commission (like $9.95?) even if you buy 1 million shares. :wink:
stockup
12-12-2008, 10:56 AM
SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) Posts 1000% Gain in Payment Processing Volume in November 2008 Compared to Same Period Last Year
SAN ANTONIO, TEXAS -- (Marketwire) -- 12/12/08 -- SmartCard Marketing Systems Inc.(PINKSHEETS: SMKG) announced today that their Prepaid Card loading, Pin Debit and Bill Payment processing volume increased over 1000% in Payment processing totaling $620k for the month of November 2008 as compared to same period last year $60k. This trend of growth is anticipated well through 2009 and 2010 as the company attains a moderate threshold and active customer base.
(PINKSHEETS: SMKG) CEO Massimo Barone said, "What we are experiencing now is continued demand of our products and services from payment industry merchants. Throughout 2008 we continued to focus on delivering our technology platform and expertise to these merchants via Velocitymoney.com and Velocitymerchant.com. We believe strongly that fulfillment of backorders reaching market in January through March 2009 will impact sales and add substantial transaction revenues to our existing business mid year and ongoing."
Overview:
Studies show that the trend toward consumers using debit cards instead of credit cards continues to grow. (PINKSHEETS: SMKG) business model involves capturing a significant share of the estimated 28 billion debit transactions that occur every year and capture market share in alternative e-commerce payment transactions segment."
stockup
12-17-2008, 10:19 PM
SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) Transactions Surpass 3000 for Weekend With Daily Transactions Surpassing 400 With Continued Demand Surging
12/17/2008 11:52:26 AM - Market Wire</SPAN>
SAN ANTONIO, TEXAS, Dec 17, 2008 (MARKET WIRE via COMTEX News Network) --
SmartCard Marketing Systems Inc.(PINKSHEETS: SMKG) CEO Massimo Barone Stated "We are quite excited by our current results as customers are taking advantage of our technology and prepaid card programs. The initial results are showing that over 70% of our customers with prepaid card services are using the Velocitymoney.com platform from their home, business office or during their travels.
Our prepaid card activations have achieved a steady rate of 60 activations daily which we feel will double in the New Year through 1st quarter 2009. This will continue to dramatically increase demand for our overall offering through Velocitymoney.com and drive transactions to continued new highs generating substantial fee's."
We seek safe harbor.
stockup
12-22-2008, 09:01 PM
SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) Prepaid Cards for Group Atrium's 200 Travel Agencies Across Canada Has Initial Higher Than Expected Demand
12/22/2008 11:03:06 AM - Market Wire</SPAN>
SAN ANTONIO, TEXAS, Dec 22, 2008 (MARKET WIRE via COMTEX News Network) --
SmartCard Marketing Systems Inc.(PINKSHEETS: SMKG) CEO Massimo Barone said "The contract entered into with Group Atrium Travel operating under the names "Vasco Travel" and "Gama Travel" to its 200 plus agencies across Canada is having better than expected results.
At initial rollout whereas we anticipated a conservative 15 card activations per month is materializing into an average of 40 card activations per month. The acceptance from travelers acquiring the prepaid cards instead of Travelers checks is significant simply because of convenience. Additionally with the installation of the Pin Debit "HomeAtm" terminals it's anticipated that Currency purchases through our Velocitymerchant.com gateway will also see high volume and daily settlement.
We are very optimistic that with only 5% of the locations fulfilled and an estimated 40 locations of 190 to be installed by the end of 1st Quarter 2009, we will fuel growth at excellent levels also throughout 2010.
We seek safe harbor.
Contacts: SmartCard Marketing Systems Inc. Max Barone CEO 1-866-774-2555 maxbarone@gosmartcard.com www.gosmartcard.com
SOURCE: SmartCard Marketing Systems Inc.
stockup
01-01-2009, 11:44 PM
SMKG revenues growing strong- 2009 break out yr for them
bargain under 01
stockup
01-04-2009, 01:06 AM
2008 company had major growth but price remained seeded at 006 to 007
2009 strong start with bigger numbrers expected.
Wookie
01-04-2009, 02:41 AM
You know the real sad part of it all, or rather the shameful part diluting all your pumping efforts ?
Not respecting the forum rules, its community and the simple and easy steps asked from everyone - in this case posting this crapola where it belongs - in the Penny Stock forum!
At minimum could you not respect that?
As for your consistent spamming....frankly dude, you're just as bad as the danc character :y:
:thumpdown::willy::goodnight: :thumpdown:
stockup
01-06-2009, 12:15 AM
hello Wookie spamming would be dumping ticker all over the place.. if you read carefully it states smkg
just posting current news and level 2 .. people ask i post.
Albert0373
01-06-2009, 03:46 AM
Bottom of a reputation ranked list from highest to lowest:
http://i42.tinypic.com/2q9jla8.png
(sorry simpletradesnet!)
Surprised you aren't red yet; I bet all those people who marked you down asked you to post right?
;)
hello Wookie spamming would be dumping ticker all over the place.. if you read carefully it states smkg
just posting current news and level 2 .. people ask i post.
Albert0373
01-06-2009, 03:50 AM
http://i40.tinypic.com/wm021v.png
Looks really exciting!
stockup
01-07-2009, 10:18 PM
there has been a great amount of accumalation and revenues now coming in very strong, looks like with some block trades could easy break 015 level
stockup
01-09-2009, 10:36 PM
SMKG good buying today, someone is buying up the spread under 006 on all dips
stockup
02-02-2009, 11:18 PM
SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) Posts 1,700% Gain in Payment Processing Volume in December 2008 Compared to Same Period Last Year
SmartCard Marketing Systems Inc.(PINKSHEETS:SMKG) announced today another record high month in their Prepaid Card loading, Pin Debit and Bill Payment processing volume for December 2008. The company saw an increase of 1,700% in Payment processing for December 2008 as compared to same period last year. This volume exceeds the previous record high by 211%, which was posted the month before in November of 2008. This growth trend started mid-2008 when SMKG completed development of its full complement of alternative financial services. The growth is anticipated to continue through 2009 and 2010 as the company grows its transaction volume and active customer base.
(SMKG:PINKSHEETS) President Bruce Baillio said, “Our bill pay, online PIN debit and card loading volumes are growing exponentially as we get caught up on product deliveries and customer installations. We are in the beginning stages of a major growth curve in both transactions and dollar volumes processed. Not only is the company catching up on backlogged orders, but we are signing new corporate customers every month. In spite of weakness in the overall economy, there is no sign of a slowdown in our business. "
We seek safe harbor.
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