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Smart Card Marketing Systems Inc. Signs Agreement With Video Super Choix
Smart Card Marketing Systems Inc. (OTC: SMKG), a
leading provider of prepaid cards, value smart storage cards and payment
transaction management services, announced today that they have signed an
agreement with Video Super Choix of Quebec, a dominant franchise in the
Quebec market with over thirty seven locations. Video Super Choix will
retail the prepaid Canadian MasterCard® and additionally will become a
prepaid card activation and reloading centre.
VP of Video Super Choix, Sylvia Ponari, stated, "We are very pleased with
the agreement and we anticipate that the volume of the franchised locations
can give great exposure to the prepaid product line-up offered by Smart
Card Marketing Systems Inc." It is estimated that the store locations
have from 1500 to 2500 walk in clients weekly and both companies believe
that the customers will be a captive audience to promotional product
offerings.
Both Smart Card Marketing and Video Super Choix have agreed to a joint
marketing plan specifically targeting the retail customers of the
franchise, in order to improve customer acquisition of the prepaid cards
and services.
Smart Card also announced today that the company has signed a deal with a
leader in the bill pay market in the United States. This lucrative
agreement will be very beneficial to consumers and merchants of the prepaid
charge cards marketed through the velocitymerchant.com platform. In
addition to the Canadian marketplace, this agreement brings the total of
bill payers in North America accessible through velocitymerchant.com to
over seven thousand. This also means that Smart Card can now provide four
thousand independent locations for loading and reloading of prepaid card
services.
About Video Super Choix
Video Super Choix is a Quebec-based family owned video rental chain. It
has been in business for over twenty years and presently operates
thirty-five corporate locations and eight franchised stores.
About Smart Card Marketing Systems Inc.
Smart Card Marketing Systems Inc. has taken a mainstream position in the
smart and prepaid charge card market to develop, integrate and to jointly
deploy turnkey co-branded solutions for loyalty and payment management
transactions. Smart Card Marketing Systems Inc. seeks industry suppliers
and creates channel partners to better the availability of API's (automated
protocol interfaces) that respectively are only available to preferred
corporations/clients and manages the required protocol in-place by the
offering institution for the merchant.
Forward-Looking Statements. This news release contains "forward-looking
statements," as that term is defined in Section 27A of the United States
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. Statements about the expected future prospects of our business and
all other statements in this release other than historical facts,
constitute forward-looking statements. You can identify forward-looking
statements because they contain words such as "believes," "expects," "may,"
"will," "would," "should," "seeks," "approximately," "intends," "plans,"
"estimates," or "anticipates" or similar expressions which concern our
strategy, plans or intentions. All statements we make relating to estimated
and projected earnings, margins, costs, expenditures, cash flows, growth
rates and financial results are forward-looking statements. In addition,
we, through our senior management, from time to time make forward-looking
public statements concerning our expected future operations and performance
and other developments. All of these forward-looking statements are subject
to risks and uncertainties that may change at any time, and, therefore, our
actual results may differ materially from those we expected. We derive most
of our forward-looking statements from our operating budgets and forecasts,
which are based upon many detailed assumptions. While we believe that our
assumptions are reasonable, we caution that it is very difficult to predict
the impact of known factors, and, of course, it is impossible for us to
anticipate all factors that could affect our actual results. Some of the
factors that we believe could affect our results include: general economic
and market conditions, including the lingering effects of the economic
slowdown and services revenue; the overall condition of the bank card
industry, including the effect of any further consolidation among financial
services firms; the regulatory, credit and market risks associated with our
operations; the integration of acquired businesses, the performance of our
businesses; the effect of war, terrorism or catastrophic events; the timing
and magnitude of sales; the timing and scope of technological advances; the
ability to retain and attract customers and key personnel; and the ability
to obtain patent protection and avoid patent-related liabilities in the
context of a rapidly developing legal framework for software and
business-method patents. The factors described in this paragraph and other
factors that may affect our business or future financial results and when
applicable, will be discussed in our filings with the Securities and
Exchange Commission. We assume no obligation to update any written or oral
forward-looking statement made by us or on our behalf as a result of new
information, future events or other factors.
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