SAN DIEGO, CA, Dec. 9, 2015 /PRNewswire/ – SmartCard Marketing Systems, Inc. a financial services company focused on serving the global payments industry (“SmartCard” or the “Company”) today announced that, in coordination with Capital Services Group, it is commencing an investment round of $5,000,000 to accelerate its continued growth and expansion through completion of a planned merger with CT-Payment, Canada’s largest independent payment processor.
The offering will be made available to the general public, its customers and other interested parties, under direct solicitation rules outlined in the new Rule 506(c), which eliminates the prohibition against general solicitation and advertising in connection with offerings under Rules 506 and 144A under the Securities Act of 1933.
The minimum investment will be $19,500. Participation in the offering is only available to US accredited investors, who generally include persons with a net worth of at least $1 million (excluding residence), income of $200,000 per year (or $300,000), officers and directors of the issuer, and institutions that have more than $5 million in assets.
CEO, Massimo Barone, said that “We are pleased to be operating under the Rule 506(c) framework for this offering, which will allow us to reach a broader audience of investors. We believe that our planned merger with CT-Payment will result in a truly differentiated financial services and technology firm that can more effectively address global opportunities, and drive shareholder value.”
RBS Data reports that global non-cash transactions reached 366 billion in 2013, up 10% over 2012, driven in large part by intense growth in developing markets. Adoption of the EuroPay, MasterCard and Visa (EMV) standard is a major milestone for financial companies (banks and credit unions), credit card issuers as well as global enterprise and telecom acquirers. However, many banks remain at the planning stage with budget concerns being a key roadblock to executing a migration plan. In addition to budget issues, other challenges include lack of information, lack of technical skills, lack of suitable products, as well as implementation and testing requirements.
Thomas Carter, CEO of Capital Services Group, said that “SmartCard’s industry experience and understanding of how to more effectively address challenges in EMV migration, as well as its strategic partnership with CT-Payment, Canada’s largest independent payment processor, uniquely position it to address demand in the payments industry for a better, more comprehensive and more timely migration to the EMV standard as well as the rise of mobile payments which is driving MPOS adoption. We are pleased to work with SmartCard in its effort to secure growth capital needed to execute its business plan and strategies both in North America and in the international payments markets.”
SmartCard has engaged Designbook.com and its affiliates as the exclusive placement agent*. To find out how to invest in SmartCard, please call Kyle Clark, (802) 338-1876 or visit www.designbook.com.
*This press release is not an offer or solicitation to sell the securities of SmartCard. Such offering can only be made by means of a qualified investor receiving the full offering documentation, which can be obtained from the placement agent. All private placements of securities, including those of SmartCard, are conducted by Designbook personnel in their capacities as registered representatives of SDDCO Brokerage Advisors LLC Member: FINRA/SIPC (SDDCO–BA). Designbook and its affiliates and SDDCO–BA are business partners but remain independent and not affiliated.
Forward Looking Statements
Certain of the statements included in this press release, which express a belief, expectation or intention, as well as those regarding future financial performance or results, or which are not historical facts, are “forward-looking” statements as that term is defined in the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. The words “expect”, “plan”, “believe”, “anticipate”, “project”, “estimate”, and similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance or events and such statements involve a number of risks, uncertainties and assumptions, including but not limited to industry conditions, regulatory changes, general economic conditions, interest rates, competition, and other factors. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual results and outcomes may differ materially from those indicated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
About SmartCard Marketing Systems, Inc.
SmartCard Marketing, Inc. (SMKG:OTC) is a financial technology solutions provider to the global payments industry, delivering a cloud-based EMV Host platform to banks, telecoms and enterprise customers. In addition, it offers customers proprietary software solutions and services, Genorocity, a coupon and incentive management platform and VelocityMWallet, a payment ecosystem for alternative payment solutions. For more information, go to www.smartcardmarketingsystems.com.
About CT-Payments Inc.
CT-Payment has been setting the pace in electronic POS transaction since 2002. It is North American leader in EMV compliant payment services and is Canada’s largest debit- and credit-card processing company to be fully independent of Canadian financial institutions and acquirers. As a member of Interac® and a debit acquirer, CT-Payment delivers integrated debit authorization and settlement services on behalf of its customers and business partners. As an experienced multi-acquirer service provider, CT-Payment offers transaction processing for point-of-sale debit and credit terminals, customized web-payment integration solutions, and 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.
About Capital Services Group
Based in San Diego, California, Capital Services Group was formed to provide emerging growth companies with resources and support to more efficiently access growth capital and investor support, including investment packaging, direct public offering, shareholder communications and an online investor marketplace.
About Designbook Services LLC
Designbook Services owns and operates Designbook.com, an online platform enabling emerging growth companies to market their offerings pursuant to Regulation D, Rule 506 under the Securities Act of 1933 solely to Accredited Investors, or under other exemptions that may be limited to residents of certain US states.
SOURCE SmartCard Marketing Systems Inc (SMKG)