VerifySmart(TM) Corp signs co-branding agreement with China Trust to launch VeriSmart(TM) Platinum Visa
April 06 2009 - 5:50PM
PR Newswire (US)
TAGUIG, METRO MANILA, Philippines, April 6 /PRNewswire-FirstCall/
-- VerifySmart(TM) Inc. (VSMR:OTCBB): VerifySmart(TM) (VSC), a
global leader in secure and fraud free payment processing services,
has signed an agreement with China Trust to launch VSC's first
credit card "VeriSmart(TM) Platinum Visa". This agreement with
China Trust represents a key milestone in the realization of VSC's
strategy to become the largest authentication provider in securing
financial transactions in the world. The Asia Pacific region is a
key target market representing over 1/3 of the global transaction
processing industry valued at $10T USD annually. Under the terms of
the agreement, China Trust will distribute, for pilot, 2,500
co-branded VeriSmart(TM) Platinum Visa Cards linked to our
patent-pending Authentication system, VerifyNGo(TM), to serve as
enterprise payroll, payout and remittance solutions affording
centralized control and management of fund disbursement globally,
anytime, anywhere. VerifyNGo(TM) is the core engine that will
deliver a world class authentication system to ensure the
prevention of fraud, chargebacks and identity theft. The
VeriSmart(TM) Platinum Visa will yield revenue in multiple ways:
volume-based fees for processing; transactional fees for transfers,
ATM withdrawals, and POS purchases; and transactional fees for use
for VSC's authentication protocols. Through the use of any
computer, a mobile device or even a land line, the consumer is
empowered to secure and control all their electronic transactions
without any worry of loss. About VerifySmart(TM) Corp.
VerifySmart(TM) Corp. is a fully reporting issuer with the shares
traded on the "OTCBB". The company's mandate is to market, sell and
manage fraud prevention products and services as an exclusive
licensee. An international company, VerifySmart's(TM)
patent-pending technology is garnering world wide attention and
rapidly gaining acceptance across a security challenged industry.
Forward Looking Statements This current report contains
"forward-looking statements", as that term is defined in Section
27A of the United States Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. Statements in this current
report which are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future. Actual results
could differ from those projected in any forward-looking statements
due to numerous factors. Such factors include, among others, the
inherent uncertainty of financial estimates and projections, the
competitive and regulatory environment for start up software
companies, stock market conditions, unforeseen technical
difficulties and our ongoing ability to operate a business and
obtain financing. These forward-looking statements are made as of
the date of this current report, and we assume no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements. Although we believe that our beliefs,
plans, expectations and intentions contained in this current report
are reasonable, there can be no assurance that such beliefs, plans,
expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in our annual
report on Form 10-K for the 2008 fiscal year, our quarterly reports
on Form 10-Q and our other periodic reports filed from time-to-time
with the Securities and Exchange Commission pursuant to the
Securities Exchange Act. Corporate Headquarters Fort Legend Towers,
Suite 2002 - 3rd Avenue corner 31st Street E-Square, Fort Bonifacio
Global City, Taguig Metro Manila, Philippines Investor Relations
Danny Gravelle Goal Capital LLC 1-949-481-5396 Questions or
Feedback http://www.verifysmart.com/ DATASOURCE: VerifySmart Corp.
CONTACT: Corporate Headquarters: Fort Legend Towers, Suite 2002 -
3rd Avenue corner 31st Street, E-Square, Fort Bonifacio Global
City, Taguig, Metro Manila, Philippines; Investor Relations: Danny
Gravelle, Goal Capital LLC, (949) 481-5396; Questions or Feedback:
. http://www.verifysmart.com/
Copyright