$SMKG SmartCard Marketing Systems inc (OTC:SMKG) CEO Provides Guidance outlook for 2021 to 2023 for Stakeholders and Investors.
https://www.otcmarkets.com/stock/SMKG/news/Sm...?id=301764
New York, May 6th, 2021
SMKG Noteworthy: Recent spotlight has been focused on the company's Visa Everywhere deployments in Fintech, Mumbai Gov't Fintech JV, Axepay Cross-border Payment Rails Internationally and with China, Chat Bot AI code library acquisition, OriginatorX Ethereum Blockchain (NFT) and Xpay Payment TMS MPOS switch minority ownership.
The following guidance and performance assumptions are the professional opinion of Massimo Barone the CEO of SmartCard Marketing Systems Inc OTC:SMKG.
The company recently filed its 2020 Dec 31st, Year end Audit performed by BF Borgers CPA PC a PBAOC compliant firm.
The company is pursuing the up-listing request for OTCQB, 10k Filing on EDGAR and filings for Canada through SEDAR.
Risks and Uncertainties Assessment
The company acknowledges that these are uncertain times and the pandemic has made it challenging at times for both clients and the company to navigate through corporate registrations or any event required in person for compliance or regulatory reasons. There is always a risk associated with the company and its future.
The race for digital transformation has accelerated and the company is very optimistic about its proprietary portfolio of Intellectual property in Ecommerce, Cloud and Mobility, which has a high level of architecture focus on Fintech, Retail & Workforce sectors.
CEO Massimo Barone stated We have advanced despite the challenges faced through the past year caused by the Pandemic and with so many uncertainties that we must still meet ahead. The disruption to industries across the globe was felt and the robust opportunities of digital transformation and sustainability was the immediate reaction. The company in my opinion has a unique position in the international markets of which we received many shortlist mentions throughout 2019/20 including the 5G Innovation Shortlist recently by the IDBRT in India.
We are at critical deployment points with several clients and financial institutiions, some are now deployed and many new clients and partners are underway represented in over 10 Countries. Our revenues from licensing of white label applications growing, our deferred income from licensing deals is substantially climbing, and we have transactional revenues which are now materializing with several catalysts underway that will alter the companys status and size by the 3rd qtr as customer activations and use of the multiple solutions we offer is increasing. We still face some challenges as India and the Philippines have been severely hit by the Pandemic and travel restrictions making it difficult or impossible to predict timelines.
My key focus remains to showcase the value of the companys Intellectual Property of 16 specialized industry solutions mainly in FinTech and PayTech with a core architecture focus in blockchain with embedded payment rails and leverage the intellectual property to grow our equity in innovative tech companies.
Our sales channels through partners and resellers is growing with a significant focus in Asia, Middle-East, EMEA, India and Africa. We see immediate growth from the US because of the size and scale of our clients but I believe that in 2022/23 it will be significantly greater from ASEAN and India regions leading the way.
Key leading indicators
At this time SmartCard Marketing Systems Inc (OTC:SMKG) is aggressively pursuing client acquisitions and activations in the global treasury markets with the Axepay partnership for Treasury and Remittances platform providing automated FX with onboarding and processing capabilities in 42 Countries including China (a unique global footprint). The opportunity to be able to service China itself is a major unique opportunity for the company, as it provides the ability to be a major portal Internationally and bridge with the PBOC (Peoples Bank of China) Digital Payment Clearing and settlement systems with its partner banking network.
Also, expanding on the Visa Direct rails with Banks and Telcom members currently finalizing several Bank compliance and sponsorships in the USA, Canada & ASEAN regions, adding the Mumbai Govt agency JV in Fintech has accelerated our path in India all of which combined will see company revenue streams increase as we have signed merchants for cross-border with FX and payments processing roll out.
At this time directly and indirectly through partners the company has signed several large customers with a total retail customer wallet base of 33million clients for its treasury services and potential merchants with over 3000 in their base. The company through a partner has also received letters of intent from E-gaming companies for services with substantial processing requirements in Asia with the first consideration underway with a maximum threshold of $100m in processing until full approvals and the ceiling levels can be raised.
Furthermore, the company offers three Blockchain technologies which include Granularchain, OriginatorX and Articul8te which provide separate functionalities for Token underwriting and Issuing, Digital ID with Permission Based transactions and a Digital Data room with Task manager solution for SMEs and Enterprises.
Lagging Indicators
The companys Intellectual Property includes technologies for industries that have been significantly harmed or stopped during this pandemic because of the lockdown measures and possibly in some Countries curfews or travel bans.
The platforms which were the most vulnerable in our portfolio were the following; Menu.events, Mytravel.menu, Ijobs.shop & Mtickets.events. in response the team focused on adding utilities to provide integrated solution which would allow in many cases to deal with a contactless or teleconferencing digital environment. We believe as industries begin to return and thrive we will be there with existing clients which had been signed, in POC and partners ready to deploy once again adding to the companys portfolio of customers and revenues.
Infrastructure Expansion
The company is investing on its Cloud and Mobility infrastructure expansion throughout key areas which include Africa, Europe and Mexico. The reason for this strategy is to provide faster compliant deployments as ready to service FIs and Enterprises with regulatory requirements including PCI to keep data secure and local. Our recent dealings with channel partner resellers specializing in Cloud and Mobility in key segments of AI, Data, iot, 5g for Banking and Enterprises can leverage the full proprietary portfolio architecture and easily reduce product deliverables by as much as 5 to 7 months months. This strategy of deployment is also being carried out with Xpay World in Singapore our minority interest ownership of which is currently in a funding round estimate above $50m USD.
Current Financing or Capital Raise
The company recently received 3 term sheets for ELOC commitments ranging from $20m to $30m USD for the next three years period in to 2023. At this time we are evaluating and in discussions with each party. We have also discussions regarding an S1 filing registration statement and private placement offering.
Stock Price Valuation
It is the position of the company that the current stock price does not reflective the true value of the IP technology portfolio as a whole and doesnt support the individual technologies as well. The company believes that the value of IP is an opportunity for shareholders as to the size of the proprietary which can lead us in to many directions or exits. The company can benefit from multiple partnerships, spinoffs or strategic sales to Fis, Telecoms or Large Enterprises seeking to acquire a digital strategy technology or portfolio.
Mid Market Agency
The company recently signed a deal with a Mid Market Dealer to represent the company in a financial offering to Private Equity Firms and Strategic Investors. The company is under a confidentiality agreement during the evaluation process prior going to market.
Current Debt Structure
The current debt is primarily owed to the management and executives of the company as part of deferred payments and direct financial support to the company. The executives are prepared to convert any part or all the remaining debt to equity at any time. In addition, the company has no Short or long-term contractual debt with any financial institution or accumulative interest payouts.
Securities
At this time we have completed the Audited FS for 2020 with a recognized PBAOC firm, now proceeding with OTCQB registration in 2nd QTR and follow through with Edgar US SEC and SEDAR Canadian Securities.
https://www.otcmarkets.com/stock/SMKG/news/Sm...?id=301764
New York, May 6th, 2021
SMKG Noteworthy: Recent spotlight has been focused on the company's Visa Everywhere deployments in Fintech, Mumbai Gov't Fintech JV, Axepay Cross-border Payment Rails Internationally and with China, Chat Bot AI code library acquisition, OriginatorX Ethereum Blockchain (NFT) and Xpay Payment TMS MPOS switch minority ownership.
The following guidance and performance assumptions are the professional opinion of Massimo Barone the CEO of SmartCard Marketing Systems Inc OTC:SMKG.
The company recently filed its 2020 Dec 31st, Year end Audit performed by BF Borgers CPA PC a PBAOC compliant firm.
The company is pursuing the up-listing request for OTCQB, 10k Filing on EDGAR and filings for Canada through SEDAR.
Risks and Uncertainties Assessment
The company acknowledges that these are uncertain times and the pandemic has made it challenging at times for both clients and the company to navigate through corporate registrations or any event required in person for compliance or regulatory reasons. There is always a risk associated with the company and its future.
The race for digital transformation has accelerated and the company is very optimistic about its proprietary portfolio of Intellectual property in Ecommerce, Cloud and Mobility, which has a high level of architecture focus on Fintech, Retail & Workforce sectors.
CEO Massimo Barone stated We have advanced despite the challenges faced through the past year caused by the Pandemic and with so many uncertainties that we must still meet ahead. The disruption to industries across the globe was felt and the robust opportunities of digital transformation and sustainability was the immediate reaction. The company in my opinion has a unique position in the international markets of which we received many shortlist mentions throughout 2019/20 including the 5G Innovation Shortlist recently by the IDBRT in India.
We are at critical deployment points with several clients and financial institutiions, some are now deployed and many new clients and partners are underway represented in over 10 Countries. Our revenues from licensing of white label applications growing, our deferred income from licensing deals is substantially climbing, and we have transactional revenues which are now materializing with several catalysts underway that will alter the companys status and size by the 3rd qtr as customer activations and use of the multiple solutions we offer is increasing. We still face some challenges as India and the Philippines have been severely hit by the Pandemic and travel restrictions making it difficult or impossible to predict timelines.
My key focus remains to showcase the value of the companys Intellectual Property of 16 specialized industry solutions mainly in FinTech and PayTech with a core architecture focus in blockchain with embedded payment rails and leverage the intellectual property to grow our equity in innovative tech companies.
Our sales channels through partners and resellers is growing with a significant focus in Asia, Middle-East, EMEA, India and Africa. We see immediate growth from the US because of the size and scale of our clients but I believe that in 2022/23 it will be significantly greater from ASEAN and India regions leading the way.
Key leading indicators
At this time SmartCard Marketing Systems Inc (OTC:SMKG) is aggressively pursuing client acquisitions and activations in the global treasury markets with the Axepay partnership for Treasury and Remittances platform providing automated FX with onboarding and processing capabilities in 42 Countries including China (a unique global footprint). The opportunity to be able to service China itself is a major unique opportunity for the company, as it provides the ability to be a major portal Internationally and bridge with the PBOC (Peoples Bank of China) Digital Payment Clearing and settlement systems with its partner banking network.
Also, expanding on the Visa Direct rails with Banks and Telcom members currently finalizing several Bank compliance and sponsorships in the USA, Canada & ASEAN regions, adding the Mumbai Govt agency JV in Fintech has accelerated our path in India all of which combined will see company revenue streams increase as we have signed merchants for cross-border with FX and payments processing roll out.
At this time directly and indirectly through partners the company has signed several large customers with a total retail customer wallet base of 33million clients for its treasury services and potential merchants with over 3000 in their base. The company through a partner has also received letters of intent from E-gaming companies for services with substantial processing requirements in Asia with the first consideration underway with a maximum threshold of $100m in processing until full approvals and the ceiling levels can be raised.
Furthermore, the company offers three Blockchain technologies which include Granularchain, OriginatorX and Articul8te which provide separate functionalities for Token underwriting and Issuing, Digital ID with Permission Based transactions and a Digital Data room with Task manager solution for SMEs and Enterprises.
Lagging Indicators
The companys Intellectual Property includes technologies for industries that have been significantly harmed or stopped during this pandemic because of the lockdown measures and possibly in some Countries curfews or travel bans.
The platforms which were the most vulnerable in our portfolio were the following; Menu.events, Mytravel.menu, Ijobs.shop & Mtickets.events. in response the team focused on adding utilities to provide integrated solution which would allow in many cases to deal with a contactless or teleconferencing digital environment. We believe as industries begin to return and thrive we will be there with existing clients which had been signed, in POC and partners ready to deploy once again adding to the companys portfolio of customers and revenues.
Infrastructure Expansion
The company is investing on its Cloud and Mobility infrastructure expansion throughout key areas which include Africa, Europe and Mexico. The reason for this strategy is to provide faster compliant deployments as ready to service FIs and Enterprises with regulatory requirements including PCI to keep data secure and local. Our recent dealings with channel partner resellers specializing in Cloud and Mobility in key segments of AI, Data, iot, 5g for Banking and Enterprises can leverage the full proprietary portfolio architecture and easily reduce product deliverables by as much as 5 to 7 months months. This strategy of deployment is also being carried out with Xpay World in Singapore our minority interest ownership of which is currently in a funding round estimate above $50m USD.
Current Financing or Capital Raise
The company recently received 3 term sheets for ELOC commitments ranging from $20m to $30m USD for the next three years period in to 2023. At this time we are evaluating and in discussions with each party. We have also discussions regarding an S1 filing registration statement and private placement offering.
Stock Price Valuation
It is the position of the company that the current stock price does not reflective the true value of the IP technology portfolio as a whole and doesnt support the individual technologies as well. The company believes that the value of IP is an opportunity for shareholders as to the size of the proprietary which can lead us in to many directions or exits. The company can benefit from multiple partnerships, spinoffs or strategic sales to Fis, Telecoms or Large Enterprises seeking to acquire a digital strategy technology or portfolio.
Mid Market Agency
The company recently signed a deal with a Mid Market Dealer to represent the company in a financial offering to Private Equity Firms and Strategic Investors. The company is under a confidentiality agreement during the evaluation process prior going to market.
Current Debt Structure
The current debt is primarily owed to the management and executives of the company as part of deferred payments and direct financial support to the company. The executives are prepared to convert any part or all the remaining debt to equity at any time. In addition, the company has no Short or long-term contractual debt with any financial institution or accumulative interest payouts.
Securities
At this time we have completed the Audited FS for 2020 with a recognized PBAOC firm, now proceeding with OTCQB registration in 2nd QTR and follow through with Edgar US SEC and SEDAR Canadian Securities.
