Smart Card Marketing Systems raises $100K in private placement

Source: Smart Card Marketing Systems

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 a private placement agreement for $100,000.00 USD with a group of Montreal investors.

In exchange for the placement, the investors will receive 400,000 shares of the Company's stock at a price of $0.25 USD per share. Smart Card CEO Massimo Barone stated, "This is just the initial funding, and larger private placement opportunities are likely to be closed in the near future." The funds will be applied towards marketing and trade show-related expenditures in the upcoming months to market the GoSmartCard products and services internationally.

The Company's management team of is very optimistic that the demand of its prepaid product offerings and payment services will increase dramatically over the course of the next few months. The co-brand opportunities will enable Smart Card to achieve a high return of closure of contracts in North America, Latin America and Asia. Smart Card's global reach is being attained through the uniqueness of their product offering and the integrated turnkey management solutions that they provide.

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