Packaging

SmartCard Marketing Systems Inc. Announces Corporate Update

Friday 29. February 2008 - SmartCard Marketing Systems Inc (PinkSheets: SMKG) As stated by the company, "We are pleased to announce that the beginning of the year marked an important launch of new integrated products and capabilities for the Velocitymoney.com and Velocitymerchant.com banner sites of the company to an already exciting product suite.

As we continue to explore new marketing opportunities for the company in the Travel, Sports and Entertainment industry we are excited with our initial programs with Ski Motorsports Inc (Nascar) and Music Artist Derek Miller and feel that the maximum exposure can be brought to our products and services increasing retail sales and sales opportunities throughout 2008. We are in discussions with 2 other major Sports venues in North America and believe that deals will be concluded shortly — to be announced.

At present our portfolio of integrated and back office solutions continues to forge forward creating fantastic business opportunity increasing sales and revenues such as with clients Kiyss.com, Hest Technologies Inc, KL Financial, W5star Inc, and many more positioning SmartCard Marketing Systems Inc. as a primary financial aggregator of choice in North America and Europe. We continue to increase prepaid card programs under management in North America, Aboriginal Territories and programs sponsored by SmartCard Marketing Systems Inc in the market. We anticipate that our Canadian market sales will now grow more rapidly as card programs continue to be delivered and reach consumers also increasing transactions in Velocitymoney.com. Our European efforts are going to be fully online by mid April with prepaid card programs delivered to merchants in May of 2008.”

PinkSheets Update:

As Stated by Massimo Barone CEO “(PinkSheets: SMKG) at present is a non- reporting filer and will be making financials available on PinkSheets and the necessary filings to become an Reporting filer commencing 2nd Qtr of 2008. We expect this to take about a 2 month period of which we also believe that we can bring the company onto a higher tier exchange. As with regards to the Frankfurt exchange management will be completing a request to have the ticker QYH.F dropped.”