2008-11-09 12:43:03 -

- Smart SMS Corp., a Florida corporation ("STMC"), announced a broad restructuring effort over the past several months, which is now in its later stages. As part of this effort, STMC was funded with an additional $11,000,000 and acquired MIT Consultants for their software integration services expertise.

STMC CEO Steaphan Weir provided a unified direction during the in-depth restructuring effort of the Company and its Subsidiaries. Following a divestiture of its mobile messaging division early in 2007, STMC is progressing with acquisitions in the software consulting, banking software and debit card markets.

Kevlertech Inc., d/b/a MIT Consultants is an SAP implementation organization and an IBM partner with many Fortune 500 and 100 companies as former and current customers.

With the acquisition of MIT Consultants, STMC gained a foothold in the SAP implementation and consulting arena, which is anticipated to have a synergistic effect on other Smart ventures. This will allow for growth in the US and foreign software servicing markets, gradually moving beyond SAP and its largely regional presence.

After an initial infusion of $13,000,000 in outside funding through the sale of senior and secured notes in August 2007, Smart SMS received additional funding in November 2007 from SV Special Situations Master Fund, Ltd. in the amount of $7,00,000 and from newly appointed board members Scott A. Stagg in the amount of $3,000,000 and Amir Khan in the amount of $1,000,000. This funding has facilitated STMC's concerted growth and restructuring effort.

About Smart SMS Corporation:

Smart SMS Corp. (Pink sheets:STMC), www.SmartSMSCorp.com, is a premier mobile banking company. CCSI (Columbia Card Systems International) a wholly owned subsidiary of Smart SMS Corp., heads up the mobile banking aspect and offers mobile banking applications and financial services worldwide. CCSI is currently partnered with VISA, Star, Plus, First Data and West Coast Bank.

About SV Capital / Stagg Capital:

Stagg Capital Group LLC and its affiliates, located in Greenwich, CT, manage approximately $400 million in assets, focusing on special situation, and event driven investing. Scott A. Stagg, the managing member of Stagg Capital Group LLC, has over 14 years of special situation and investment experience and 22 years of credit experience. Amir Khan, a member of Stagg Capital Group LLC, has over 15 years of capital markets experience in various capacities around the World.

Forward-Looking Statements:

Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of public officers are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and the Company has no specific intention to update these statements.

For Smart SMS Corp.:
Investor Relations
Redwood Consultants, LLC
415-884-0348
Fax: 415-884-0361
www.redwoodconsultants.com