SAN ANTONIO, TX, Jan. 4 /CNW Telbec/ - The company announced today that
management has entered into an initial agreement with a financier to
provide an operating LOC for business operations of up to $150k. A
second round of financing could also lead to a more significant term
sheet which is currently being negotiated for a 3 year period to
aggressively market the company's services. The funds provided will
allow for an increase in inventory and lower costs by eliminating wait
times and take advantage of currency fluctuations. The reduction of
costs for the inventory are estimated at 20% based on currency
variation with up to an additional 30% savings on acquiring more
significant card inventory eliminating lengthy delivery times a
fundamental issue which can now be drastically reduced and improve our
sales cycle in 2011.
About SmartCard Marketing Systems Inc.
The company develops and markets its proprietary Payment Gateway and
Card Management platform operating with the DBA "Velocitymoney.com". The company's services also include ACH, EFT, CC Processing, Bill Pay
and Email Pay solutions for merchants.
We seek safe harbor
SOURCE Smart Card Marketing Systems Inc (SMKG)
For further information:
CEO : firstname.lastname@example.org