Exhibit 99.1

         VERIFYSMART(TM) CORP SIGNS AUTHENTICATION AND GATEWAY SERVICES
                        AGREEMENT WITH BETED CORPORATION

TAGUIG, METRO MANILA, Philippines, June 19 - VerifySmart(TM) Corp. (VSMR:OTCBB):
VerifySmart(TM) (VSC), a global leader in secure and fraud free payment
processing services, is pleased to announce it has signed a 5 year agreement
with BetED Corporation, a leading provider of Internet Wagering, to provide
VSC's VerifyGateway and VerifyNGo suite of services.

This agreement will provide BetED Corp. with a secure and scalable transaction
processing platform using VSCs proprietary technology. Under the terms of the
agreement, BetED Corp. will use the VSC solution to reduce fraud and chargeback
rates associated with its high risk transaction volume across its customer base.
VerifySmart(TM) will receive a per transaction verification fee. The terms of
this agreement are applicable for a five year duration, renewable thereafter.
Financial terms are bound by a confidentiality agreement.

This agreement represents another key milestone in the realization of VSC's
strategy to become the leading worldwide authentication provider in securing
high risk financial transactions.

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.

About BetED Corporation.

BetED is an industry leader in Internet wagering. BetED Sportsbook & Casino,
began in the Cook Islands in 1996 as one of the first online gaming companies in
the world. At the end of 1996, the company released one of the world's first
generations of HTML Casino games and began as true visionaries in the online
gaming industry. In September 2005, BetED launched the Worlds FIRST and ONLY
Flash based sportsbook. BetED is listed as one of the top 200 online sportsbooks
and has been featured in countless mainstream media outlets including MSNBC, USA
Today, Las Vegas Review Journal, LA Times, New York Daily News, Chicago Tribune.

Forward Looking Statements

This news release 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 news release which are
not purely historical are forward-looking statements and include any statements
regarding beliefs, plans, expectations or intentions regarding the future,
including but not limited to: that BetED Corp. will use the VSC solution to
reduce fraud and chargeback rates, that BetED Corp. will deploy the VeriSmart
Card to its applicable customer base, any fees that VSC may receive under the
agreement,.

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 Street
    E-Square, Fort Bonifacio Global City, Taguig
    Metro Manila, Philippines

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

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