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SmartCard Marketing Systems Inc (PINKSHEETS:SMKG) Signs Agreement to Provide Prepaid Cards and Management Platform to Innovative L.E.A.P. Learning Systems

2010-08-12 08:30 ET - News Release

SAN ANTONIO, TX, Aug. 12 /PRNewswire-FirstCall/ - Introducing an educational outreach program for 1.8 million Private School students in Thailand combining a prepaid debit card with an online learning module about credit and financial responsibility.

This week SMKG signed a Memorandum of Understanding (MOU) with The GoodNetwork System Co., Ltd., the owner of distribution and operational rights for "The L.E.A.P. Smart Learning System", to be the exclusive provider of prepaid debit cards and payment platform solutions to the parents and students of private schools in Thailand. GoodNetwork has licensed their L.E.A.P. Smart Learning System to the Private School Association of Thailand, covering 3,800 private, vocational and Private International schools with a total enrollment of 1.8 million students.

The program is designed so that at the completion of the Financial Responsibility module of L.E.A.P., the student will receive a prepaid debit card. Cash rewards for extra-curricular learning and community service are paid to the students through their prepaid card. Parents, schools and corporate sponsors provide the money for the rewards. SMKG and GoodNetwork are working toward a September 2010 launch date of the integrated program.

About L.E.A.P.

L.E.A.P. is an acronym for Learn, Earn, Access and Prosper. It represents a unique and powerful learning environment for students all over the world, particularly in developing nations. It includes e-learning modules, edu-tainment, age-appropriate social networking, games and opportunities to earn cash, prizes and awards. For further information on the L.E.A.P. system, visit www.leapingsmart.com.

About SmartCard Marketing Systems Inc. (PINKSHEETS:SMKG)

The company is leading the way in Prepaid Card Service Program Management, Payment Processing of Pin Debit Online Transactions and Bill Payments in North America and Europe. Velocitymoney.com is the proprietary payment processing platform of SmartCard Marketing Systems Inc., which has an extensive Payment network world-wide for Consumers and Merchants.

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SOURCE Smart Card Marketing Systems Inc (SMKG)

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