SmartCard Marketing Systems Inc.(PINKSHEETS:SMKG) CEO Massimo Barone said “ We are pleased with the current results as transactions continue to sustain the 3000 level for the weekends and 300 to 400 transactions daily. The average transaction is between $40.00 to $90.00 generating fee’s of an average $.90 USD per transaction.
The Prepaid card segment continues to also rise as activations have become steady at 35 to 50 daily with 3 new online merchants beginning in January 2009 generating an additional $6.00 to $8.00 USD per activation. Additionally prepaid cards generate royalties from ongoing transactions month after month which we estimate to be an average of $2.00 to $2.80 per card active.
The company is well positioned for growth in the Alternative payment market and with a good base of merchants existing and new to lead into 2009. We are well positioned to exceed the growth of 2008.”
We seek safe harbor.
SOURCE: SmartCard Marketing Systems Inc.
SmartCard Marketing Systems Inc. Max Barone,
CEO 1-866-774-2555 [email protected] www.gosmartcard.com