Stockguru.com: Verify Smart Corp. is in the StockGuru Spotlight for June 8, 2009

Jun 08, 2009 (M2 PRESSWIRE via COMTEX) --
VSMR | Quote | Chart | News | PowerRating -- DALLAS, TEXAS : StockGuru announces that Verify Smart Corp. (OTCBB: VSMR | Quote | Chart | News | PowerRating) is in the StockGuru Spotlight. VerifySmart(TM) Corp. is a fully reporting issuer with the shares traded on the 'OTCBB'. The company's mandate is to market, sell and manage fraud prevention products and services as an exclusive licensee. An international company, VerifySmart's(TM) patent-pending technology is garnering world wide attention and rapidly gaining acceptance across a security challenged industry.

On Friday, the company put out news regarding the signing of an agreement with Ellick Corporation to provide VSC's VerifyGateway, VeriSmart Card and VerifyNGo suite of services. As part of this agreement, Ellick Corp. will provide VSC with VOIP and Contact Centre capabilities in Manila. This agreement will provide Ellick Corp. with a secure and scalable transaction processing platform using VSCs proprietary technology. Under the terms of the agreement, Ellick Corp. will use the VSC solution to reduce fraud and chargeback rates associated with its high risk transaction volume across its customer base. In addition, Ellick Corp. will deploy the VeriSmart Card to its applicable customer base to provide a fraud free card processing solution. Under the terms of the agreement VSC will receive a per transaction verification fee, a VeriSmart Card distribution fee per card and a card reloading fee per reload. The terms of this agreement are applicable for a two year duration, renewable thereafter. Projected revenue is anticipated to be in excess of $3,200,000US per quarter.

Shares for Verify Smart Corp. (OTCBB: VSMR | Quote | Chart | News | PowerRating) were down in the late afternoon of trading on Friday and closed down four cents at closing.

To view our StockGuru Spotlight on Verify Smart Corp. (OTCBB: VSMR), please visit: http://www.stockguru.com

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