VerifySmart(TM) Corp provides corporate update on expansion activities

TAGUIG, METRO MANILA, Philippines, April 29 /PRNewswire-FirstCall/ -
VerifySmart Corp (VSC) (VSMR: OTCBB): VerifySmart, a global leader in secure
and fraud free payment processing services, is pleased to announce material
progress against the corporate expansion plan and business objectives.
Significant progress has been made in the areas of application development,
services marketing and infrastructure expansion as follows:
Application development: The VerifyN'Go version 2.0 authentication engine that
can process millions of individual transactions from the VSC infrastructure
using secure two factor authentications has been released and is in the
production testing phase. The application will be bank and merchant ready by
May 2009. A North American Short Messaging Service (SMS) component will be
market ready within the same timeframe.
The VerifyGateway service that offers high risk and high volume industries a
secure transaction platform is market ready and includes multi language
support across English, Japanese and Korean. The next phase of development
incorporates the VerifyN'Go authentication engine to create a comprehensive
one stop service offering.
The VerifyRemit service integration with our previously announced pilot
customer, China Trust has been completed. This secure money transfer service
now moves into the next phase of customer demonstration. Application
development activities on this service offering will allow VSC to equip
financial institutions with the ability to offer their merchants full
administrative control over their remittance solutions. Additionally, the
system can be used for payroll and payout solutions that utilize the VeriSmart
Card whereby fund disbursement across primary and subsidiary cards can be
managed conveniently, securely, affordably, and instantly.
The VeriSmart Card offering is undergoing modifications with direct feedback
and engagement from Visa International. Final approvals and testing are
underway.

Marketing progress:

VSC has launched a marketing strategy targeting the Health care vertical and
has garnered significant interest from a number of pharmaceutical companies.
These organizations have requested consultation on VSC's VerifyNGo and
VerifyGateway for secure processing.

Infrastructure Expansion:

VSC has received numerous responses to its request for additional data centre
facilities in the Philippines that provide geographic redundancy. Suitable
facilities and multiple configurations are being reviewed by the VSC technical
team and options are being short listed. These additional facilities will
augment the existing robust infrastructure that currently supports the VSC
service offerings and will allow for rapid growth and expansion of secure
transaction processing.

About VerifySmart(TM) Corp.

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.

Forward Looking Statements

This current report contains "forward-looking statements", as that term is
defined in Section 27A of the United States Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Statements in this current report
which are not purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions regarding the
future. These statements include but are not limited to: The completion of the
VerifyN'Go version 2.0 production testing phase, that the application will be
bank and merchant ready by May 2009, that a North American Short Messaging
Service (SMS) component will be market ready within the same timeframe, that
we will acquire additional data centre facilities in the Philippines or that
these additional facilities will augment the existing infrastructure that
currently supports the VSC service offerings and will allow for rapid growth
and expansion of secure transaction processing, that the VerifyGateway service
next phase of development that incorporates the VerifyN'Go authentication
engine will create a comprehensive one stop service offering, that the
VerifyRemit secure money transfer service will allow VSC to equip financial
institutions with the ability to offer their merchants full administrative
control over their remittance solutions.
Actual results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among others, the
inherent uncertainty of financial estimates and projections, the competitive
and regulatory environment for start up software companies, stock market
conditions, unforeseen technical difficulties and our ongoing ability to
operate a business and obtain financing. These forward-looking statements are
made as of the date of this current report, and we assume no obligation to
update the forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking statements.
Although we believe that our beliefs, plans, expectations and intentions
contained in this current report are reasonable, there can be no assurance
that such beliefs, plans, expectations or intentions will prove to be
accurate. Investors should consult all of the information set forth herein and
should also refer to the risk factors disclosure outlined in our annual report
on Form 10-K for the 2008 fiscal year, our quarterly reports on Form 10-Q and
our other periodic reports filed from time-to-time with the Securities and
Exchange Commission pursuant to the Securities Exchange Act.

Corporate Headquarters

Fort Legend Towers, Suite 2002 - 3rd Avenue corner 31st StreetE-Square,
Fort Bonifacio Global City, TaguigMetro Manila, Philippines

Investor Relations

Danny Gravelle
Goal Capital LLC
1-949-481-5396

Questions or Feedback
inquiry@verifysmart.com
www.verifysmart.com

SOURCE VerifySmart Corp.

Investor Relations, Danny Gravelle, Goal Capital LLC, (949) 481-5396