Doing my DD on this one..
Here is what I have so far.It's a pink.
last close. .07
SCTN -- Schimatic Technologies, Inc. d/b/a Smart Chip Technologies
Com ($0.001)
Address:
330 E. Warm Springs Road
Las Vegas, NV 89119
USA
Website: http://www.sctn.com
Phone: 800-513-6469
Fax: 702-993-2880
Business Description:
Smart Chip Technologies' (OTC: SCTN) turnkey customer retention solution,including Loyalty, Pre-Paid Stored Value, and Gift Cards, was co-developedwith the Airos Group (www.airosgroup.com) and IBMT. This software solutionenables retailers and card issuers to take advantage of click-and-mortar,real-time programs running on their existing cards and point-of-sale (POS)systems, including bar code, magnetic stripe, RFID, or smart cards, laptops,PDAs such as PalmT or WindowsT devices, TV set top boxes, or mobile phones.Smart Chip Technologies' end-to-end solution provides a seamless migrationpath from current customer identification and payment devices to futuretechnology platforms, establishing business continuity across physical,mobile, and virtual streams of commerce.
State of Incorporation: FL
Officers:
David Simon, CEO
Outstanding Shares: 153,820,788 as of 2004-07-02
Company Notes:
Formerly=Apple Tree Capital Corp. until 11-98
Transfer Agent:
Standard Registrar & Transfer Agency, Albuquerque, NM 87191
latest news....
Gift Card Company Licenses Smart Chip Technologies' Loyalty, Stored Value and Gift Card Program
LAS VEGAS & TORONTO, Dec 29, 2004 (BUSINESS WIRE) -- Smart Chip Technologies (OTC: SCTN) is pleased to announce that Incentive Solutions Canada Inc. (GiftCards.ca) has licensed Smart Chip Technologies' Loyalty, Stored Value and Gift Card Program. GiftCards.ca will offer new SCTN functionality to their existing SuperCard(TM) merchant clients including Winners, HomeSense, Napster and Amazon.ca.
Joseph Davidovic, GiftCards.ca CEO, said, "We chose SCTN's comprehensive suite of loyalty solutions because we felt that their product functionality met and exceeded our expectations. Their powerful, scalable software infrastructure allows us to offer our clients a one-stop solution to their gift card and loyalty rewards requirements."
"We knew when we integrated our Gift Card and Stored Value suite to our powerful Loyalty Central(TM) engine, that it would be a unique value proposition for the gift card industry. We are delighted to see our clients as excited about our offering as we have been internally, and we look forward to working with Incentive Solutions to help their clients create the next generation of gift cards," explained SCTN Vice President of Sales Neale Brown.
About GiftCards.ca
GiftCards.ca is Canada's premier destination for gift cards, loyalty and reward programs, and employee recognition solutions. Gift cards represent a $70 billion a year market in North America, and GiftCards.ca is poised to capture a slice of that market. GiftCards.ca recently signed on Josee Chouinard, Olympic star and Canada's figure skating champion, in a three-year deal as part of their marketing campaign. (www.GiftCards.ca)
About Smart Chip Technologies
Smart Chip Technologies' turnkey customer retention solution, including Loyalty, Pre-Paid Stored Value and Gift Cards, was co-developed with the Airos Group (www.airosgroup.com) and IBM(TM). This software solution enables banks and retailers to take advantage of click-and-mortar, real-time programs running on their existing cards and point-of-sale (POS) systems, including bar code, magnetic stripe, RFID, or smart cards, laptops, PDAs such as Palm(TM) or Windows(TM) devices, TV set top boxes, or mobile phones. Smart Chip Technologies' end-to-end solution provides a seamless migration path from current customer ID and payment devices to future technology platforms, establishing business continuity across physical, mobile and virtual streams of commerce. (www.sctn.com)
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties.
SOURCE: Smart Chip Technologies
CONTACT: Smart Chip Technologies
Elaine Beavon, 702-837-3594, ext. 705
Sales@sctn.com
Investors@sctn.com
or
GiftCards.ca
866-MyGiftCards
Joseph@GiftCards.ca
Copyright (C) 2004 Business Wire. All rights reserved.
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Smart Chip "Smarter Loyalty Solutions" Technologies 800.513.6469 | www.sctn.com
November 1, 2004
Dear SCTN Shareholder:
This letter is to update you on the Company's progress since our August shareholder letter. Smart Chip Technologies (SCTN) continues to make significant progress on all fronts, despite an extreme shortage of working capital.
SCTN is deploying our new customer retention management suite including Loyalty, Stored Value, and Gift Cards to contracted clients and we are on target to begin recurring revenue this quarter.
Administrative, Legal, and Finance
After achieving a major milestone with the submission of our filings to the SEC for 2002 and through September 30, 2003, we have prepared the material required to begin the audit for the remaining 10-K for 2003 and 10-Qs for the March 31, June 30, and are preparing the information for September 30, 2004 quarterly filings. We have been stalled in our efforts to begin the audit due to lack of funds. A significant sales contract that would have financed the audit is in progress but delayed. Additional funding is needed to begin the audit and become current in our SEC filings, so we can begin the move off of Pink Sheets and onto the OTC Bulletin Board. All remaining SEC filings will be submitted as soon as possible after audit commencement, to bring us current on SEC filings.
We continue to settle or eliminate old debts. The Board is in the process of eliminating and/or reducing the number of convertible notes, stock options, and outstanding contracts that are convertible to stock, in an effort to clean up the "stock overhang" created by financial instruments issued in the past.
Sales, Marketing, and Business Development
Our sales team continues to receive tremendous response to our strategy of making SCTN loyalty, stored value, and gift card products that work on any platform. Because of our system's platform-independence combined with unmatched program flexibility, SCTN has been contacted by many prospects awaiting product demonstrations, and many more are still engaged in licensing discussions.
Our current sales channel partners have begun the sales cycle with several major prospects throughout Asia, Europe, South Africa, and Australia. We expect these efforts to result in significant new business in 2005.
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Product Development and Deployment
We have begun the implementation process for Collective POS to provide Loyalty and Gift Card programs to their merchant clients, including the resolution of security and telecommunications issues, and integrating our system with their existing business operations.
We are also deploying our system for Nishe Media, a client of our sales channel partner Retention Management Group (RMG). Originally, RMG intended to host the Loyalty Central(TM) system for Nishe and other clients, but we have recently revised the contract to host Loyalty Central(TM) ourselves. This will enable us to better service the end-user and will increase SCTN recurring revenues. Nishe will begin its rewards and gift card program on magnetic-stripe, and then migrate to using the smart chip in the card.
We anticipate hosting the pilots in-house, then moving the operation to a large co-hosting facility with which we are currently negotiating a business relationship.
Conclusion
We are focused on rolling out and supporting multiple product pilots, closing new and larger revenue contracts, adding sales channel partners worldwide, and completing the cleanup of the Corporation.
We continue to make substantial forward progress with little cash. As projected, operational expenses are increasing during the product deployment phase, however we are confident in our ability to continue as a viable entity to the point where revenues exceed required operating expense. Incremental investment and anticipated licensing revenues will sustain us until adequate revenues are generated.
Our goal is still to become cash flow neutral by mid-2005, and then profitable via recurring licensing and transaction revenues. Additional cash infusion at this point will greatly expedite patent expansion, defense, and profitability.
Thank you for your continued support. If you have not already done so, please click on "Log into `My SCTN'" from the www.sctn.com home page or Investor Relations page to update your contact information, send us comments, and access expanding investor content.
Best regards,
David J. Simon
Chairman and CEO
SCHIMATIC Cash Transactions Network.com, Inc. dba Smart Chip Technologies
Any statements contained in this letter that do not describe historical facts may constitute forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties.
Corporate Office | 330 East Warm Springs Road, Las Vegas, NV 89119 U.S.
U.S. 800.513.6469 | International +1.702.837.3594 | Fax 702.993.2880
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Smart Chip "Smarter Loyalty Solutions" Technologies 800.513.6469 | www.sctn.com
Smart Chip Technologies' Loyalty and Gift Program Live; Management Changes Announced
LAS VEGAS, NEVADA AND TORONTO, CANADA - December 1, 2004 - Smart Chip Technologies (OTC: SCTN) is pleased to announce the launch of Loyalty Central(TM) version 7.0.5, the robust back-end hosting and clearing operation, and its e-llegiance(TM)-powered Loyalty, Stored Value, and Gift Card solution. The new system is live and running for the first production pilot generating recurring revenues: Nishe Media. Several new pilots are expected in the coming months.
"The initial product deployment was very smooth, and the system is designed to scale effortlessly as the Nishe pilot expands and more customers come aboard," stated SCTN Chairman and Chief Product Architect David Simon. "This is a completely different Company today than when I assumed the CEO duties. Our most important goals for 2004 were to build and implement the product, sign revenue contracts, and start recurring revenues. Now that our state-of the art product suite is running live in the marketplace and we have begun to earn the first recurring processing revenues, it is time to focus on strategic Company and product growth, and turn over the day-to-day responsibilities of the CEO position to Joe Diamond."
"I am pleased to accept the CEO position in order to continue implementing our strategy to increase the product and patent licensing revenues, expand sales channels, and capture global market share," stated new SCTN CEO Joseph Diamond.
About Smart Chip Technologies (OTC: SCTN)
Smart Chip Technologies' turnkey customer retention solution, including Loyalty, Pre-Paid Stored Value, and Gift Cards, was co-developed with the Airos Group (www.airosgroup.com) and IBM(TM). This software solution enables banks and retailers to take advantage of click-and-mortar, real-time programs running on their existing cards and point-of-sale (POS) systems, including bar code, magnetic stripe, RFID, or smart cards, laptops, PDAs such as Palm(TM) or Windows(TM) devices, TV set top boxes, or mobile phones. Smart Chip Technologies' end-to-end solution provides a seamless migration path from current customer ID and payment devices to future technology platforms, establishing business continuity across physical, mobile, and virtual streams of commerce. (www.sctn.com)
For further information about Smart Chip Technologies, please call 702.837.3594 or write to Sales@sctn.com or Investors@sctn.com.
Any statements contained in this press release that do not describe historical facts may constitute forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties.
###
Corporate Office | 330 East Warm Springs Road, Las Vegas, NV 89119 U.S.
U.S. 800.513.6469 | International +1.702.837.3594 | Fax 702.993.2880
Chart....
and for those of you that follow AB.....
http://www.*************.com/StockPage.asp?CompanyTicker=SCTN&MarketTicker=OTC&TYP=S
Sorry, for those who don't know AB.
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a m e r i c a n b u l l s
Just watchin' this one for now.
GLTA.
Lil
[This message has been edited by lilpennypincher (edited January 02, 2005).]