LAS VEGAS, Feb. 1 /PRNewswire-FirstCall/ -- Smart Chip Technologies (Pink Sheets: SCTN) is pleased to announce that the company has filed its 2003 10k with the SEC. Forms 10K from 2004 through 2007 will also be filed shortly thereafter. Completing the filings will allow the company to move forward to the Over the Counter Bulletin Board (OTCBB) market once the SEC approves their filings. The company believes that these filings will increase and enhance the company value for shareholders, potential investors, creditors, partners and customers as well as allowing for additional exposure with brokerage houses that will result in increased volume and liquidity for the company stock in the marketplace. Major License sales and revenue contracts are moving closer and closer to the finalization process and several are expected to close within the next few months. "We would like to thank our shareholders for their continued support and patience. It has been a long difficult road but the company is now beginning to achieve significant progress in reaching and accomplishing its objectives in Year 2008," stated Bernard McHale, Director of Smart Chip Technologies. About Smart Chip Technologies (Pink Sheets: SCTN) Smart Chip Technologies' turnkey customer retention solutions, including Loyalty, Pre-Paid Stored Value, Punch Cards, and Gift Cards, enable issuers, acquirers, and merchants to take advantage of real-time programs using their cardholders' existing cards using bar codes, magnetic stripes, smart chips, RFID, Internet accounts, and other consumer electronic devices. The SCTN system is a scalable, high performance, end-to-end solution that uses an ASP model to customize the system's look and feel to reinforce customer branding. (http://www.sctn.com/) Contact: Bernard McHale (702) 361-3624 http://www.b2i.us/irpass.asp?BzID=748&to=ea&s=0http://www.b2i.us/irpass.asp?Bz ID=748&to=ea&s=0 DATASOURCE: Smart Chip Technologies CONTACT: Bernard McHale of Smart Chip Technologies, +1-702-361-3624 Web site: http://www.sctn.com/

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