SmartCard Marketing Systems Inc (PINKSHEETS:SMKG) Announces New Sales & Distribution Agreement with Latin Phone for Open-Loop Prepaid Debit Cards

Jun 11, 2010, 08:00 ET from Smart Card Marketing Systems Inc (SMKG)

SAN ANTONIO, TX, June 11 /PRNewswire-FirstCall/ - SmartCard Marketing Systems Inc.(PINKSHEETS:SMKG) CEO Massimo Barone Stated "We are very pleased to announce a significant joint marketing campaign with a major telecom company in the Hispanic marketplace, Latin Phone. They will market our open-loop (accessible on major payment networks and atm's worldwide) prepaid debit cards to their existing customer base of over 800,000 customers."

The company's prepaid products are preferred by consumers who are traditionally un-banked or under-banked. Mr. Barone added, "The extended recession has brought more focus on our prepaid cards." Tim Sloane, Vice President and Director of the Prepaid Advisory Service at Mercator Advisory Group, recently said about prepaid cards: "No other payment market is riding out the current economic downturn as effectively as prepaid, and I can't think of any better payments market to be in during a recession."

About Smartcard Marketing Systems, Inc. (SMKG:PK)

Smart Card Marketing Systems, Inc. was established in 2003 and is a leading provider of prepaid cards, stored value smart cards and payment processing services. The company's goal is to partner with national and international organizations to purchase and market Smart Card's products. Smart Card plans to achieve this goal through powerful sales organizations and merchant reseller programs utilizing their GoSmartCard platform.

About Latin Phone

LATIN PHONE was founded in January 2004 by a group of Hispanic entrepreneurs with the aim of offering our communities the highest quality telecommunications market at the best price. LATIN PHONE as its name implies, was created with the idea of focusing on the needs of our growing Latino communities in the United States. The Company's Associates, agents and employees are constantly exploring new services and developing new ideas to offer to their Hispanic family of customers.

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