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3Pea International Inc. PAYSIGN (PAYS)

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About Paysign Inc.

Paysign Inc. (PAYS) is an experienced and trusted prepaid debit card payment solutions provider as well as an integrated payment processor that has over 2 million of prepaid debit cards in its portfolio. PaySign designs and develops payment solutions, prepaid card programs, and customized payment services. The Company manages programs for many of the world’s largest pharmaceutical manufacturers with copay assistance products designed to maximize new patient acquisition, retention and adherence. Its corporate incentive prepaid cards are changing the way corporations reward, motivate and engage their current and potential customers, employees and agents. Paysign’s customizable prepaid solutions offer significant cost savings while improving brand recognition and customer loyalty. Customers include healthcare companies, major pharmaceutical companies and source plasma providers, large multinationals, prestigious universities and social media companies.
Company at a Glance

Recent Milestones

Financial Highlights


2018FYE Highlights:

- Revenue for the year ending December 31, 2018 was $23.4 million, an increase of 54% compared to $15.2 million the prior year.
- Gross profit increased 70% to $11.4 million or 49% of revenues, compared to $6.7 million or 44% of revenues in 2017.period last year.
- Non-GAAP Adjusted EBITDA was $4.9 million, an increase of 65% compared to $3.0 million in 2017. Non-GAAP Fully Diluted EPS was $.09 as compared to $.06 the prior year.
- The company reiterates its previously released revenue guidance for 2019 of $38.0 to $40.0 million, representing a 62% to 71% increase compared to $23.4 million for full year 2018  
  as well as an adjusted EBITDA guidance at $10.0 to $12.0 million, representing a 104% to 145% increase compared to $4.9 million for full year 2018.

e of the Art Payment Processing Platform - PaySign

The PaySign platform represents a revolutionary payment processing solution that took years of development. It is a reflection of the Company's commitement to providing innovative, cost effective, customizable payment solutions to a variety of industries for multiple purposes. The platform was designed to easily incorporate new payment technologies and applications as they evolve, keeping Paysign at the forefront of payment innovation.

PaySign's Key Features


PaySign Solutions/Applications 

The PaySign Platform is extremely flexible and can be used in the following industry-specific applications.

--> Corporate Incentives: In a market that is expected to grow to $26.5 billion by 2016, PaySign® corporate incentive cards are the perfect vehicle for
     corporations looking to engage and motivate their customers, employees, and trade partners. PaySign cards are perfect for customer rebates, employee
     bonuses and trade partner commissions. Examples of corporate incentive cards include prepaid cards used as incentives to purchase big ticket items such
     as automobiles, smartphones and major appliances.


--> Payroll: PaySign payroll cards reduce administration costs and streamline operations for companies looking to provide an efficient payment method for
     unbanked employees. The overall market for prepaid debit cards for payroll is expected to reach $66.4 billion by 2016.

--> Public Sector: Federal and local governments, educational institutions, and other public sector organizations are constantly looking to improve efficiency
     and reduce costs. The PaySign card for the public sector provides an effective way to reduce costs and inefficiencies, whether related to disbursements of
     public benefits or internal payments. The total prepaid card market for government payments is projected to reach $119.4 billion by 2016.

--> Pharmaceutical Co-Pay Assistance: Paysign's Allegiance Rx card is now available under the PaySign brand. Co-pay assistance cards have been
     utilized by major pharmaceutical companies for brands such as Viagra®, Vyvance® and Restasis® to name a few.

--> Source Plasma Donors: Plasma collection companies nationwide can turn to the PaySign brand of cards for a customized payment solution for plasma
     donors. The PaySign solution offers either a customized Plasma Web portal solution or direct integration into donor management software.


Management Team

Mark R. Newcomer, President / Chief Executive Officer / Vice Chairman of the Board

- Co-founded the Company in 2001; and driving force behind the Company's significant growth and strategic direction
- Shaping the future of the business as a premier prepaid card services leader, delivering a strong value proposition for clients and over 2 million cardholders; oversees all financial, operational, technological and strategic decisions for the company, including: technology investments, the evaluation of strategic acquisitions,new product development and the formation and cultivation of third-party relationships 
- Served on the X-9 committee which developed standards for the electronic payments industry alongside IBM, Diebold, First Data, KPMG, MasterCard, Melon Bank, Visa, Wells Fargo, the Federal Reserve and others 
- Attended Cal-Poly San Luis Obispo where he majored in Bio-Science 

Daniel H. Spence, Chief Information Officer / CTO

- Co-founded the Company in 2001 
- 30+ years of senior IT experience 
- Prior experience includes Director of Technology Planning at the Associated Press, Project Manager of implementation of Medicare Easyclaim for ANZ Bank in Australia, Coca-Cola Business Operations & Business analyst for Australia Post 

Mark Attinger, Chief Financial Officer

- 30+ years of experience in Financial Services and BPO industries with concentration in Finance,  Operations and executive leadership 
- Prior experience includes CEO and CFO of Zxerex, CEO of Affina, and Vice President at American Express and Vice President at NextCard 
- Bachelor of Science in Finance, minor in Accounting; and Masters in Business Administration (MBA) from Brigham Young University

Joan Herman, Chief Operating Officer / Director 

- 30+ years of industry experience
- Previously at Sunrise Banks as Senior Vice President, Payments Division where she led the new prepaid business
- Prior experience includes various management positions in operations, product development, and sales and marketing at UMB Bank, Heartland Bank, and Boatmen’s Bank
- Board member of the Network Branded Prepaid Card Association and serves as Treasurer 

Robert Strobo, General Counsel, Chief Legal Officer / Secretary

- 13+ years of legal experience in non-traditional banking
- Previously at Republic Bank & Trust Company (Louisville, KY) as Deputy General Counsel and Vice President where he managed all legal affairs for Republic’s non-traditional bank programs, including payments, small-dollar consumer lending, commercial lending and tax related products
- B.A. in Psychology and Philosophy from the University of Kentucky and J.D. from DePaul University College of Law in Chicago, Illinois

Eric Trudeau, Chief Compliance Officer 

- 20 years of experience working in the card industry, focusing on prepaid and credit products
- Previously with Global Cash Card, Inc., Sunrise Banks and Meta Payment Systems (a division of Meta Bank)
- Certified member (CAMS) of the Association of Certified Anti-Money Laundering Specialists.
- Bachelor of Science Degree from South Dakota University 

Egon Kardum, Chief Information Officer  

- 30+ years experience in various technical roles providing enterprise IT services at several global companies
- Former Associate Director, Hosting Solutions  Bristol-Myers Squibb
- Former Manager of Server Technology, The Associated Press

Dana Barciz, Chief Marketing Officer

- 25+ years experience  in various marketing roles  within the Fintech industry
- Former Senior Product Marketing Manager at Fiserv
- Former  Vice President, Marketing, NYSE Governance Services

                                                                                              Board of Directors

Dan Henry, Chairman of the Board

- Former CEO of NetSpend (2008-2013). Grew annual revenue from $129M to $351M, with over 2.4 million cardholder accounts.  NetSpend acquired by Total System Services: (NYSE: TSS) for $1.4B
- Co-founder, Former President and  Chief Operations Officer and Director at Euronet Worldwide (NASDAQ: EEFT). A leader in secure electronic financial transaction processing.  Current market cap: 5.4B
- Sits on Board of The Brinks Company. (NYSE: BCO), CARD Corporation (Card.com), RxSavings Solutions, Balance Innovations and Align Income Share Fund
- Received a B.S. in Business Administration with majors in Finance, Economics and Real Estate from the University of Missouri,Columbia

Dennis Triplett, Director

- 35+ years in the banking industry including serving as the President and CEO of two banks in the Midwest
- Former CEO of  Healthcare Services at UMB Bank, N.A  a leading provider of healthcare payment solutions including health savings account (HSAs), health care spending accounts and payments technology

Quinn Williams, Director

- 30+ years of legal experience focusing on mergers and acquisitions, public and private securities offerings, and venture capital transaction
- Serves as corporate counsel for numerous public/private companies and was formerly general counsel and board member of Swensen’sInc.
- Mr. Williams is a shareholder with Greenberg Traurig LLP and admitted to the Bar in New York and Arizona

Bruce A. Mina, Director

- 30+ years of experience as a Certified Public accountant
- Founder and Managing member of Mina Llano Higgins Group, LLP
- Former CFO of Coal Brick Oven Pizzeria, Inc.
- Currently CFO for Academy of Aviation in Long Island, NY

Contact Information:

3PEA International:
Jim McCroy
Investor Relations
Tel: 702.749.7269


Click Here For the Company's Investor Presentation

Articles About 3PEA International

Seeking Alpha (SC Capital Group) - 3Pea Is A Payment Processor With >40% Organic Growth Selling For Half Of Peer Multiples - 2018-05-22
Seeking Alpha (Inefficient Market) - 3Pea: Strong Guidance, Uplisting, Should Propel Shares Higher - 2018-04-03
Seeking Alpha (BW Investment Visibility) - 3Pea International: Undervalued And Undercovered Turnaround Story - 2017-11-20

Analyst Coverage
Cannacord Genuity: Buy 17$ Target
Ladenburg Thalmann: Buy 14.50$ Target
Maxim Group: Buy 10.00$ Target

*This document contains projections and other forward-looking statements regarding future events. Such statements are predictions, which may involve known and unknown risks, uncertainties and other factors, which could cause the actual events or results and objections to differ materially from those expressed.                                                                                                              

Current Price
Bid Ask Day's Range
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PAYS News: LEAD PLAINTIFF DEADLINE: Johnson Fistel, LLP Encourages Investors to Contact the Firm 03/28/2020 10:50:00 AM
PAYS News: Paysign Stock Alert - Kehoe Law Firm, P.C. Investigating Securities Claims on Behalf of Paysign, Inc. Investors - PAYS Invest... 03/23/2020 10:03:00 AM
PAYS News: Paysign, Inc. Names Kim Sergent Chief Marketing Officer 12/20/2019 08:31:00 AM
PAYS News: Amended Statement of Changes in Beneficial Ownership (4/a) 11/08/2019 09:40:07 AM
PAYS News: Statement of Changes in Beneficial Ownership (4) 11/07/2019 07:33:20 AM
#6188   DaDavidson re-iterates 12$ Target and Buy Rating. ebrie014 04/06/20 10:14:36 PM
#6187   wow, That info would probably be held very chilar4567 04/06/20 07:20:02 PM
#6186   MrD they are already talking about a second WOW23P 04/06/20 07:13:56 PM
#6185   https://www.forbes.com/sites/allbusiness/2020/04/04/cares-act-loans-small-busine WOW23P 04/06/20 05:56:57 PM
#6184   interesting..........(understatement) mrdecember123 04/06/20 05:42:32 PM
#6183   Something worth noting. Mark mentioned PAYS taking WOW23P 04/06/20 05:16:28 PM
#6182   IT PAYS To Get A Foot-In The-Prepaid-Smart-Card Door asp42001 04/06/20 04:50:22 PM
#6181   Yes, that helps a lot ebrie. WOW23P 04/06/20 03:18:53 PM
#6180   To answer part of your question WOW; ebrie014 04/06/20 03:06:16 PM
#6179   Some shorts covering. jpike 04/06/20 02:57:40 PM
#6178   ebrie, can I get your thoughts: When comparing PAYS WOW23P 04/06/20 02:27:32 PM
#6177   Pretty cut and dry, as expected. The biggest Ezzra 04/06/20 01:41:47 PM
#6176   Here's my summary of the CC - Lots ebrie014 04/06/20 12:57:01 PM
#6175   dan ain't going nowhere- so i am EXTREMELY mrdecember123 04/06/20 12:55:40 PM
#6174   maybe i am just debbie downer today, but janeyH 04/06/20 12:37:25 PM
#6173   did i hear correctly - reloadable card janeyH 04/06/20 12:36:48 PM
#6172   ‘shortfall versus guidance’ janeyH 04/06/20 12:12:47 PM
#6171   Mr. D your comments were passed along - ebrie014 04/06/20 12:11:38 PM
#6170   Pharma revs grew 20x in 2019 2018 pharma revenue: WOW23P 04/06/20 11:23:26 AM
#6169   Mr D, Dan certainly has been incentivized to WOW23P 04/06/20 10:24:53 AM
#6168   On May 3, 2018, we issued Dan Henry, WOW23P 04/06/20 09:55:40 AM
#6167   thanks so much- that is really good news---t'was mrdecember123 04/06/20 09:24:48 AM
#6166   Ebrie, One might ask if they can comment rigdowntex 04/06/20 09:05:09 AM
#6165   Not sure if they will answer that one ebrie014 04/06/20 08:46:00 AM
#6164   Ebrie. We may need a dan henry question mrdecember123 04/06/20 06:41:13 AM
#6163   May the force be with you E. However, Ezzra 04/05/20 11:40:28 PM
#6162   ebrie, you are a Rockstar! Thank you WOW23P 04/05/20 11:18:02 PM
#6161   I’ve flipped your comments/questions to them - ebrie014 04/05/20 09:06:14 PM
#6160   ebrie, awesome you're in the que! Can WOW23P 04/05/20 07:07:36 PM
#6159   Yea I’ll be on the call - I’ve ebrie014 04/05/20 02:59:09 PM
#6158   Ebrie will be on the call, maybe he'll ask. chilar4567 04/05/20 02:28:46 PM
#6157   Kim Sergent "Successfully lead large-scale product launches and WOW23P 04/05/20 01:19:07 PM
#6156   wow, BINGO! chilar4567 04/05/20 12:41:45 PM
#6155   Chil, are you referring to Kim, the CMO? WOW23P 04/05/20 10:41:35 AM
#6154   IT PAYS To Connect With The Non-Banked Masses asp42001 04/05/20 02:13:21 AM
#6153   WOW, Take a look @ their latest hire. chilar4567 04/04/20 09:59:12 PM
#6152   IT PAYS [IF] Affordable Patent 7,021,530 Is Adopted asp42001 04/04/20 09:41:23 PM
#6151   I hope they can touch on this Monday...maybe WOW23P 04/04/20 06:48:06 PM
#6150   Mobile Plasma Units And People Working From Home asp42001 04/04/20 05:20:38 PM
#6149   i’m just starting true detective janeyH 04/04/20 02:53:39 PM
#6148   Yes sir! I guess I should change it WOW23P 04/04/20 01:25:01 PM
#6147   I started my journey by buying WOW stock! somoneysportspicks 04/04/20 01:19:08 PM
#6146   No doubt in my mind if the Plasma rigdowntex 04/04/20 01:01:27 PM
#6145   Lil video of how it all works. WOW23P 04/04/20 11:20:15 AM
#6144   Totally agree Rigs and it wont affect their WOW23P 04/04/20 11:08:37 AM
#6143   Welcome back Somo, good timing IMO. You WOW23P 04/04/20 10:57:54 AM
#6142   People need the money & will be selling rigdowntex 04/04/20 09:43:04 AM
#6141   Got back in this week. Not going to somoneysportspicks 04/03/20 10:45:50 PM
#6140   Janey, if you're up to date with "SOL" chilar4567 04/03/20 07:27:52 PM
#6139   i’m just kidding with you Chil - ‘s’all janeyH 04/03/20 04:01:27 PM