SmartCard Marketing Systems Inc. (SMKG:OTC)
Update on 506c Reg D & Engages Leventis Investments of NY to
Identify Acquisition & Merger Targets.
New York, NY -- April 7 2016 -- InvestorsHub NewsWire
-- SmartCard Marketing Systems Inc. (SMKG:OTC)
announced today that the company has engaged investment banking
firm Leventis Investments of New York to assist it with growth
initiatives, including, but not limited to, identifying acquisition
or merger candidates on a global basis, and related activities.
We feel that in today's economic environment, there are numerous
opportunities worldwide to expand our business through the
acquisition of antiquated payment processors or gateway
companies said Massimo Barone SMKGs Chief Executive Officer.
"We will look to our investment banker to help facilitate potential
transactions that we or they identify, as we seek opportunities
that will enhance our growth and shareholder value."
The company also recently entered into a transaction to acquire
CT Payments Inc which is pending completion Canadas largest
independent payment processor of Credit & Debit. Just recently
SMKG also entered into a transaction with an Investment Banking
firm in New York to fund the targeted acquisitions with debt
financing & an S3 fast track filing for a shelf offering onto a
new exchange which management is optimistic and currently preparing
for the release prior the end of summer 2016.
The company has also received a term sheet for a $2m USD Credit
Line from an independent NY group which is undergoing due
diligence, evaluation and subject to meeting the approvals by the
companies committee & BOD.
Update to 506c Reg D offering;
In November of 2015 the company released its offering for a
minimum of $5m USD through its exclusive agent broker
Designbook.com at a PPS of $0.045 USD. The company has been working
successfully with interested investors & institutions to
accelerate and properly capitalize the growth. As the structured
offerings came forward prior the completion of the 506c Reg D
offering the company selected to secure a financial path allowing
us to amend the 506c Reg D offering statement and pursue better
terms.
About SmartCard Marketing Systems Inc.
SmartCard Marketing, Inc. (SMKG:OTC) is a financial technology
solutions developer & provider to the global payments industry,
delivering a cloud-based EMV Host platform to banks, telecoms &
enterprise customers. In addition, it offers proprietary
transaction software solutions & services, Genorocity.com, a
coupon & incentive management platform, Check21SAAS.com a
Remote Check Deposit solution for X9 clearing &
VelocityMWallet, a Mobile payment ecosystem for alternative payment
solutions for peer to peer. For more information, go to www.smartcardmarketingsystems.com
About CT- Payment Inc.
CT-Payment has been setting the pace in electronic POS
transaction since 2002. It is North American leader in EMV
compliant payment services & is Canada's largest debit- &
credit-card processing company to be fully independent of Canadian
financial institutions & acquirers. As a member of Interac
& a debit acquirer, CT-Payment delivers integrated debit
authorization & settlement services on behalf of its customers
& business partners. As an experienced multi-acquirer service
provider, CT-Payment offers transaction processing for
point-of-sale debit & credit terminals, customized web-payment
integration solutions, & the management of loyalty programs.
CT-Payment further specializes in the development of platforms for
emergent technology in the Global payment-processing ecosystem. It
fully complies with PCI international security standards. To find
out more: www.ct-payment.com.
We Seek Safe Harbor.
SOURCE SmartCard Marketing Systems Inc ( SMKG:OTC )
news@smartcardmarketingsystems.com
& www.twitter.com/otcsmkg
1-844-THE-PAYMENT CEO mbarone@smartcardmarketingsystems.com