San Antonio, TX, May 15th 2008 -- As stated by (SMKG:Pinksheets) CEO Massimo Barone; "We are pleased to provide shareholders with the following corporate update in regards to filings with Pinksheets. As per our request to submit the financials and information documentation and at the request of Pinksheets we will be submitting the required format with Attorney authenticity without further delay on May 20th, 2008 and will be subject to their review and approval. Additionally required and requested by Pinksheets agents be filed is an additional Attorney legal opinion that indicates that the company is and has not been involved in any promotional activity in the current or previous 6 months (standard protocol) - although this is a simple matter not all Attorneys have the comfort of signing off on such a specific document because of the legal ramifications it may cause on their practice. What this means for (SMKG:Pinksheets) is that the information will be current but the caveat emptor symbol may not be removed until the additional legal opinion is satisfactory.

Caveat Emptor Status

SmartCard management at all times through news media remains transparent with regards to all company development, contracts, as well as information available on Pinksheets company info. In the case of (SMKG:Pinksheets) over 14months ago the company was held responsible for engaging an Investor Relations firm that did not follow the guidelines put in place by Pinksheets."

Management/ Insiders

The CEO Mr. Barone and Management of SmartCard Marketing Systems Inc to current date have not sold any position personally or through holdings of (SMKG:PINKSHEETS) and remains majority shareholders of the company.

We seek safe harbor.



Contact info:

Maxbarone@gosmartcard.com
1-866-774-2555

Corporate sites:
www.gosmartcard.com
www.velocitymoney.com
www.velocitymerchant.com
www.smartcarddirect.com