SmartCard Marketing Systems Inc. Corporate Update and Velocitymoney.com Continued Success

As Stated by SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) "Management is pleased to announce that financials for 2006 and 2007 will be posted on Tuesday July 10th 2008 on Pinksheets.com. In addition management will also submit the 1st quarter of 2008 by the end of July 2008. We are very optimistic and believe we can achieve our target with compliancy and re-instate the company as a reporting issuer by last quarter of 2008 and allow shareholders and investors the growth opportunity being achieved by the success of Velocitymoney.com.

Velocitymoney.com

Our continued efforts and focus on marketing the Velocitymoney.com web services to the Money remittance segment and Merchant line of business have been proving successful. We are a unique solution in the marketplace and continue to wisely invest in expanding our services, increasing our customer base and strengthening our "server farm" with adequate investment to meet current and future demands.

We seek safe harbor.

Contacts: Smart Card Marketing Systems Inc. Max Barone CEO 1-866-774-2555 maxbarone@gosmartcard.com / www.gosmartcard.com www.velocitymoney.com / www.velocitymerchant.com