PrepaYd Inc. (fka PPDC)

[Renee]

PPDC FINRA deleted symbol:

http://otce.finra.org/DLDeletions

[Funkhouser]

Should Berman and his son go to jail for fraud and neglect?

[Funkhouser]

This stock is a DOG!!!!!

Why doesn't this stock move? The company seems to be positioned very well with good products. Is the company dead or what??

[maxxm]

ppdc was suspendid for far less wrong doing and with due time the sec will also stop aapt trading all of a sudden just alone not paying your employees payroll tax is a major violation, then all these shell corp with money transfers.Very risky to put money here

[Renee]

PPDC SEC Suspension:

http://www.sec.gov/litigation/suspensions/2013/34-68730.pdf

ORDER:

http://www.sec.gov/litigation/suspensions/2013/34-68730-o.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2013/34-68731.pdf

[dffhogs]

[dffhogs]

First time I have seen there locator....

PrepaYd Wireless goes 'Truly Prepaid' with Bring Your Own Sprint Device

Prepayd, Inc. (PL) (USOTC:PPDC)
Today : Tuesday 9 October 2012
PrepaYd Wireless goes 'Truly Prepaid' with Bring Your Own Sprint Device
PR Newswire

NEWPORT BEACH, Calif., Oct. 9, 2012 /PRNewswire/ -- PrepaYd Wireless, a wholly owned subsidiary of PrepaYd, Inc. (OTC PINK: PPDC), announced today it has been approved for customers to Activate a Used Sprint® Device at PrepaYd Wireless. Restrictions apply but this new policy is seen as a progressive step forward to providing greater handset options.
"We are strong believers that our conservative service prices matched with our new liberal handset policy will attract new subscribers and retail partners." Stated Josh Berman, President of PrepaYd Wireless.
The company calls this new BYOD Program it's Liberate Your Phone Initiative, now considering itself to be 'truly prepaid' where a consumer has free control over their device and to test drive service without commitments to a new handset. Consumers are encouraged to visit an Authorized Retailer at www.prepaydwireless.com/locator to find a local Retailer to learn more about the program and to see if there Device is compatible with the program.
The company has issued the following Disclaimers that not all devices branded with the Sprint trademark are eligible for activation by PrepaYd Wireless under the Program. Specific restrictions and exclusions apply. Some features of the device may not function properly when activated with PrepaYd Wireless. Customers can ask PrepaYd Wireless Customer Service about any limitations. PrepaYd Wireless also has a disclaimer that PrepaYd wireless services are provided on the Nationwide Sprint Network, PrepaYd Wireless is responsible to PrepaYd Wireless subscribers for their services. Please call PrepaYd Wireless with any questions or comments about services. Please contact PrepaYd Wireless to determine eligibility.

[Bobwins]

we'll have to wait and see. There's no agreement signed with anyone. The reason for the wireless business is that the smart phone is becoming part of everything, including finances. If the trends in the rest of the world spread to the US, you will use your smart phone to buy food at the grocery store so you might need a wireless business to successfully operate a debit card business.

The size and scope of the possibilities is what attracted me to PrepaYd. Unfortunately, you do need size and $$$$ to compete in both industries. Hopefully there are enough possibilities to attract a buyer/merger partner.

[elbowroom]

Looks like just Bank Freedom and not the rest I quess!!

[elbowroom]

Thanks!

[Bobwins]

hard to say because we've never seen the financials after they raised money. There are a lot of shares outstanding, something like 600 million or more so even at .03, that's 18 million bucks. Assuming they are losing money, how much would someone pay?

The wireless seems like it would offer more bucks per customer but again we don't know the economics of the business as it applies to Prepayd.

The increased prices allowed to small card companies versus the big banks means that a smaller player should have an advantage but they have to have some means of generating customers without expensive national advertising. Maybe a huge credit union or some enduser with millions of clients could takeover PrePayd and provide the service and make money.

Without more specifics, we're just blowing hot air but it's certainly a positive possibility.

[elbowroom]

What do feel, would be resonable price w your knowledge of this?

[Bobwins]

+.018 to .028

this is really preliminary. Not even a letter of intent signed. I invested in this for the prepaid debit card business 18 months ago. Lots of promises but not many kept. Since then the company has focused a lot of money and attention on the wireless business. Company has not published any stats on increases in debit card customers OR wireless customers so they probably aren't positive. Promises of up to date financials were not kept. At this point, I would probably welcome a buyout if I can get my money back.


HENDERSON, Nev., Oct. 2, 2012 /PRNewswire/ -- PrepaYd, Inc. (OTC PINK: PPDC) , which owns 100% of Bank Freedom today announced it is considering selling or merging Bank Freedom. Recently PrepaYd, Inc. has received unsolicited inquiries from qualified parties looking to buy versus build a prepaid debit card company. As of today no letter of intent has been reached with any party however the company may actively seek other candidates if its current talks don't materialize into an agreement.
About PrepaYd, Inc.
PrepaYd, Inc. is a provider of financial services in the prepaid debit card industry. The company, through its wholly owned subsidiary, offers prepaid debit cards to America's estimated 60 million underbanked citizens. In addition to the underbanked consumer demographic, small and mid-size businesses have found a much-needed product with the company's Prepaid Business Expense Card Program. With the diminishing credit card markets, companies need a new way to fund employees' expenses other than through traditional credit cards or cash reimbursements.
PrepaYd Inc. also owns PrepaYd Wireless, Inc. which provides the postpaid experience without the contract, and is a new leading provider for No Contract Wireless Service with Unlimited Plans starting at $35 per month. Since the company's official launch in December 2011, the company has expanded its distribution through independent retail locations and by offering service plans that include Nationwide Coverage in all 50 states and Puerto Rico and by including all sales, telecom and usage taxes. For more information about PrepaYd Wireless, Inc. visit www.PrepaYdWireless.com.

[elbowroom]

Hello!!

[dffhogs]

Tell us, "What really happened?"

This was 5 years ago, please inform us what really happened....tia

Total Accounting confusion. What really happened?

This is from Item 9 of PrepaYd's 10K

On November 12, 2007, we appointed Gruber & Company LLC as our independent registered public accounting firm. In January 2010 we learned that Mr. Corso, the accountant who had been conducting the audit in the name of Gruber & Company, did not hold a current accounting license; we were later informed by Gruber & Company that Mr. Corso was incarcerated on unknown charges and was never an employee of Gruber & Company. Gruber & Company, LLC has stated that they have no association with Mr. Corso.

Other than the information as to Mr. Corso’s status with Gruber & Company, there have been no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K during the years ended December 31, 2008 and 2007, and any subsequent interim periods through the date the Company was informed of Mr. Corso’s status.

As Mr. Corso is unavailable, the Company has not authorized Mr. Corso to respond to any inquiries of any new auditors hired by the Company relating to their engagement as the Company's independent accountant. As Mr. Corso is unavailable, the Company has not requested that Mr. Corso review the disclosure and, if so desired, furnish the Company with a letter addressed to the Commission containing any new information, clarification of the Company's expression of its views, or the respect in which he does not agree with the statements made by the Company herein.

[dffhogs]

PrepaYd Wireless Signs Processing Agreement with epay

Prepayd (PL) (USOTC:PPDC)
Intraday Stock Chart

Today : Monday 9 July 2012

PrepaYd Wireless, a wholly owned subsidiary of PrepaYd, Inc. (OTC PINK:PPDC), today announced the signing of an agreement with epay, a leading global electronic payments provider and distributor. Per the agreement, epay will process prepaid mobile airtime transactions for PrepaYd Wireless, making the product available to its extensive retail distribution network.

PrepaYd Wireless offers No Contract unlimited plans starting at $35 per month for Unlimited Talk & Text and only $60 per month for Unlimited Everything 4G. PrepaYd Wireless markets through Alternative Service Providers and indirect retailers through distributors, technology providers, and independent agents.

epay provides refill distribution services for more than 200 mobile operators around the world, and leverages its retail network and technology reach to deliver a distribution platform that maximizes carrier sales. epay's strategy has advanced beyond simply processing transactions and evolved into providing needed business solutions for its partners.

"By selling our prepaid products through epay, PrepaYd Wireless now provides additional reliability, convenience and secure payment processing to thousands of new retail Point of Sale locations through epay's robust payment platform," says Josh Berman, Vice President and Founder of PrepaYd Wireless. "PrepaYd can further address the demands of the market by having our products more readily available to new distributors and retailers that have expressed interest in selling our products."

[dffhogs]

PrepaYd Wireless in Position to Expand its Retail Distribution Through Multiple Master Distributors with over 40,000 Retail Locations

Prepayd (PL) (USOTC:PPDC)

Today : Friday 29 June 2012

PR Newswire

NEWPORT BEACH, Calif., June 29, 2012 /PRNewswire/ -- PrepaYd Wireless, Inc. a wholly owned subsidiary of PrepaYd, Inc. (OTC PINK: PPDC) announced today that it will be selling PrepaYd Wireless Airtime through 8 technology service providers and has entered into agreements with multiple Master Distributors for selling PrepaYd Wireless. The 8 technology service providers actually have over 100,000 locations combined locations however the company believes there is some overlapping as some retailers use more than one technology provider and has estimated that the 8 technology providers have at least 40,000 unique locations. With the addition of the new technology service providers, PrepaYd Wireless Subscribers will soon be able purchase PrepaYd Wireless Airtime at at least 40,000 retail locations nationwide. Locations will vary from privately owned Retail Kiosks, Wireless Stores, Convenience Stores and Alternative Service Providers. For Dealers not using one of the 8 technology service providers, the company offers Hard Cards, which are prepaid Airtime Cards with a Scratch Off PINs for redeeming PrepaYd Wireless Airtime.
To support its Dealers, PrepaYd Wireless Retail Services has added a Fulfillment Vendor for storing and shipping Handsets and has developed a proprietary Dealer Portal that offers Dealers the ability to activate phones, apply PrepaYd Wireless Airtime, purchase Handsets, provide basic customer service, check and initiate number ports, find network updates, and a knowledge center for selling PrepaYd Wireless.
"With our competitive pricing, proprietary Dealer Portal and new retail partners, PrepaYd Wireless can continue to focus on offering quality products, and building strong brand recognition for both Consumers and Businesses with our expanded reach," says Josh Berman, Vice President of PrepaYd Wireless.

[IKnowtheCEO]

Boilerroom Stock Selling Techniques problematic for PrepaYd. Investigators probing securities sold by PrepaYd Inc. in "Boiler Room" environments may result in a total shut down of PrepaYd's capital raising activities. PrepaYd is known to improperly operate an "in house" boiler room staffed by unlicensed "Fronters" and "Closers". Since PrepaYd has never had a positive cash flow, it is dependent on capital raising exercises for its survival. If you beleive you were the victim of an improper security sale solicitation, please contact the San Diego office of the California Department of Corporations and the Securities Exchange Commission.

[IKnowtheCEO]

Fraudulent Cardholder Activity Claimed as Groth in Cardholder Deposits. The Deposit Growth reported on 10/5/11 was almost entirely based on fraudulent account holder activity. PrepaYd, Inc. and Mr. Berman failed to identify the fraudulent activity as the source of the deposit increase. The Company also failed to inform the public of the circumstances involving the fraud or the impact of the fraud on future results. The Company did not amend or correct press releases previously made regarding the inaccurate disclosure.

[Bobwins]

This is moving faster than I thought it would. Hopefully, this means the numbers from the first two kiosks are pretty good.

PrepaYd, Inc. Signs 5 Year Franchise Development Agreement to Create and Sell PrepaYd Wireless Franchises Nationally with BizGrowth Pros, LLC DBA Franchise Development Group

Press Release: PrepaYd, Inc. – 33 minutes ago
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PrepaYd, Inc
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HENDERSON, Nev., June 11, 2012 /PRNewswire/ -- PrepaYd, Inc. (OTC PINK: PPDC) announced today that it has signed a five year franchise development agreement with Franchise Development Group to create and market PrepaYd Wireless franchises. Last week PrepaYd Wireless opened a company owned "Full Service" Retail Kiosk in the Culver City Mall in Culver City, California. The results from the Culver City Mall operations will be incorporated into the PrepaYd Wireless franchise model.
This announcement follows the announcement last week that PrepaYd, Inc. was opening a Nevada office as a Marketing and Corporate Hub.
"Now the expansion and move to Nevada should make more sense to our shareholders. Not only do we plan to capitalize on picking wisely from the 4,000 plus conventions a year that are in Las Vegas and to offer all our PrepaYd products, we also intend to make Nevada the hub of our PrepaYd Wireless Franchise operations too." - Stated Bruce Berman CEO of PrepaYd, Inc.
FDG was retained for a 5 year period to work with PrepaYd Wireless through every phase of the franchise process including all the legal requirements which FDG helps PrepaYd meet, documentation of the PrepaYd Wireless franchise business model with operations and marketing manuals so that PrepaYd Wireless business may be successfully duplicated, marketing of PrepaYd Wireless business opportunities to potential buyers and the follow through to franchisee sales. FDG gives PrepaYd the tools to grow and manage its franchise system with back office applications and customer contact marketing software.
As part of the contract FDG offers it will publish the PrepaYd Wireless franchise opportunity on their lead generation website www.franchisepipeline.com. They will also publish the PrepaYd Wireless franchise opportunity on other websites, in franchise publications, in their newsletter, recommend additional franchise websites, prepare a franchise opportunity brochure, prepare franchise information for our website, prepare a request for consideration form (application), follow-up on all leads and send out the Uniform Franchise Disclosure Document , assist us in developing our franchise opportunity website, assist us in placing ads in both internet and print media, assist us in identifying and contacting target markets, arrange interviews with qualified candidates and much more.
"I am really excited to have PrepaYd choose Franchise Development Group to help them expand their retail concept nationally. As a franchise consulting company, we know how attractive a low startup cost, low overhead business with a high ROI in an emerging market that has a first mover advantage is – and PrepaYd Wireless is all of that. With their solid management and support structure, we expect PrepaYd Wireless to be a highly desirable franchise opportunity and we are very optimistic about their rapid growth into new markets through franchising." - Stated Geoffrey Hassan, Principal of Franchise Development Group.
The company expects to staff the convention marketing office before the end of September 2012. Developing the franchise model and gaining necessary regulatory approvals can take 3 – 6 months. The company intends to be selling franchises in Q 4 of 2012. The company will need additional capital to accelerate its marketing plans.
About Franchise Development Group
Franchise Development Group "FDG" is a leader in providing a complete solution to businesses that are seeking to expand through franchising. With corporate offices in New York, FDG brings to its clients a national network of over 15 FDG Regional Development Offices to assist our clients on a local level. FDG is staffed with in house franchise attorneys, business and franchise brokers, financial advisors, marketing and advertising advisors, digital media experts and more -every franchise resource our clients need for successful duplication through franchising. FDG has franchised over 50 businesses in the past few years from food service and retail stores to B2B professional services and B2C service businesses.
For More Information on Franchise Marketing Group contact Geoffrey Hassan
California Regional Offices
Franchise Development Group
Anaheim, CA and
Santa Barbara, CA
805-453-8574
[e-mail]
www.LA.FranchiseDevelopmentGroup.com
www.FranchisePipeline.com
www.GrowBizTools.com
About PrepaYd Wireless
PrepaYd Wireless, Inc. provides the postpaid experience without the contract, and is a a new leading provider for No Contract Wireless Service with Unlimited Plans starting at $35 per month. Since the companies official launch in December 2011, the company has expanded its distribution through independent retail locations and by offering service plans that include Nationwide Coverage in all 50 states and Puerto Rico and by including all sales, telecom and usage taxes. For more information about PrepaYd Wireless, Inc. visit www.PrepaYdWireless.com
Contact PrepaYd Wireless
Josh Berman
949 553-9044 ext. 225
About PrepaYd, Inc.
PrepaYd, Inc. is a provider of financial services in the prepaid debit card industry. The company, through one of its wholly owned subsidiaries, offers prepaid debit cards to America's estimated 60 million underbanked citizens. In addition to the underbanked consumer demographic, small and mid-size businesses have found a much-needed product with the company's Prepaid Business Expense Card Program. With the diminishing credit card markets, companies need a new way to fund employees' expenses other than through traditional credit cards or cash reimbursements. PrepaYd Wireless, Inc. another wholly owned subsidiary of PrepaYd, Inc is a Wireless Service Provider that offers mobile services to an estimated 110 million consumer demographic. Prepaid Wireless offers subscribers competitively-priced wireless service with its Y PAY MORE initiative and is an alternative to the traditional Postpaid Wireless Service Plans provided by major carriers. In addition, PrepaYd Wireless intends to make all of its available phones and wireless plans compatible for mobile financial services.
For more information about PrepaYd, Inc. visit www.PrepaYdInc.com
FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties and the company assumes no obligation to update any of the forward-looking statements in this release.
Contact:
PrepaYd, Inc.
Bruce Berman
702 430-4775
[e-mail]

[IKnowtheCEO]

Berman challenged to publicly comment on investigation by the California Department of Corporations. CEO Bruce Berman is hereby asked to publically comment on 1) the existence of the inquiry and investigation of PrepaYd Inc., formerly Prepaid Card Holdings, by the California Department of Corporations 2) The scope and nature of the investigation 3) the expense incurred in defending against the CA D.O.C. investigation and 4) the ramifications or impact on PrepaYd, Inc. investors should there be an adverse finding by the CA D.O.C.

[dffhogs]

I serched the "California Department of Corporations" website: http://www.corp.ca.gov/ and could not find this information. Could you please provide a link? tia

[dffhogs]

IKnowtheCEO Share Tuesday, June 05, 2012 11:17:25 AM
Re: None Post # of 45

Unlicensed Convicted Felons selling PrepaYd stock. Investors Bewaware! PrepaYd knowingly hires convicted felons, illegal drug users and other non-licensed personnel to sell PrepaYd Inc. securities. Regulatory action against PrepaYd, Inc. is forthcoming.

dffhogs Share Tuesday, June 05, 2012 1:02:07 PM
Re: IKnowtheCEO post# 42 Post # of 45

Link? tia

IKnowtheCEO Share Thursday, June 07, 2012 10:55:31 AM
Re: dffhogs post# 41 Post # of 45

PrepaYd running from California investagation of improper securities dealings. The proposed move to Nevada is most likely the result of PrepaYd'd attempt to avoid sanctions to be imposed by the California Department of Corporations as the result of long term improper securities dealings at PrepaYd Inc.

Again,

Link please....tia

[IKnowtheCEO]

PrepaYd, Inc., Bruce Berman under investigation by Regulators including California Department of Corporations. Federal and State regulatory agencies also investigating improper securities dealings at PrepaYd.

The charges being investigated by the CA DOC include:
1) Publishing false or misleading financial statements
2) Using improper methods of soliciting investors, and
3) Improperly compensating non-licensed equity salespeople.
4) Failure to act as a fiduciary

Mr. Berman willfully and intentionally failed to disclose this investigation or the nature thereof, to the investors in PPDC, and Mr. Berman raised new investor money without disclosing this investigation or discussing the potentially negative impact that such an investigation would have on the Company. Mr. Berman also used significant amounts of investor's money to retain attorneys in this matter, but did not address this use of funds in the Use of Proceeds section of any Private Placement memorandum, including the private offerings that was ongoing during the initial phase of the DOC inquiry.

[IKnowtheCEO]

PrepaYd running from California investagation of improper securities dealings. The proposed move to Nevada is most likely the result of PrepaYd'd attempt to avoid sanctions to be imposed by the California Department of Corporations as the result of long term improper securities dealings at PrepaYd Inc.

[dffhogs]

Link? tia

[IKnowtheCEO]

Unlicensed Convicted Felons selling PrepaYd stock. Investors Bewaware! PrepaYd knowingly hires convicted felons, illegal drug users and other non-licensed personnel to sell PrepaYd Inc. securities. Regulatory action against PrepaYd, Inc. is forthcoming.

[dffhogs]

PrepaYd, Inc. Announces Opening of Nevada Office as Marketing and Corporate Hub

Prepayd (PL) (USOTC:PPDC)

Today : Tuesday 5 June 2012

PR Newswire
NEWPORT BEACH, Calif., June 5, 2012
NEWPORT BEACH, Calif., June 5, 2012 /PRNewswire/ -- PrepaYd, Inc. (OTC PINK: PPDC) announced today it opened a corporate office in Henderson, Nevada on May 29th 2012. Henderson is located approximately 10 miles from Las Vegas International Airport. PrepaYd intends to also open by the end of 2012 a convention marketing division in Henderson or Las Vegas. as well as it intends on making Henderson or Las Vegas the headquarters for the marketing, demonstration and training facility for PrepaYd Wireless Carts, kiosks and Full Service Franchises.
Earlier this year, PrepaYd began marketing a unique convention approach in California by offering Everything PrepaYd, which includes PrepaYd Products for Wireless, Payroll, and Business Expense Cards. The concept of offering Everything PrepaYd at these conventions is to reach more consumers at these conventions with the variety of valued prepaid services that can be used by businesses or consumers. As Vegas is a strategic location for convention marketing with a current approximation of over 4,000 conventions per year.

PrepaYd Inc. which is a Nevada Corporation has been operating in California since October 2007. PrepaYd will now be able to operate out of Nevada which is a much more business friendly state than California. PrepaYd CEO Bruce Berman will be heading up the corporate office and marketing efforts and expects to have the operation fully staffed thefourth quarter 2012.
Bruce Berman CEO of PrepaYd, Inc. stated, "The Henderson office with its close proximity to Las Vegas is a real win-win for us. Potential purchasers of PrepaYd Wireless Franchises are more apt to fly into Las Vegas for a few days for a sales presentation from pretty much any state in the U.S. The high unemployment rate in Nevada, lower cost of living and no state income tax versus California cost of living and taxes will make it easier and less expensive to expand.

[StockAnalystNYC]

CEO Berman's compensation "Excessive and Unconscionable" Total compensation for PrepaYd CEO Bruce Berman exceeds $575,000 per annum, according to Company documents. This compensation amount is greater thaqn 40% of 2011 revenues. Since the CEO's Compensation is also greater than PrepaYd's total gross profit. No Company anywhere pays a CEO such a high percentage of revenue.

Components of Bruce Berman's annual compensation include a base salary of $295,000, eight weeks of paid vacation worth $45,000, family health coverage 100% paid by the Company valued at $50,000, and $170,000 from a related party transaction. (Mr. Berman sold a Company he owned with $32,000 of assets to the public Company he controls (PrePaYd, Inc.) for $750,000 and receives $170,000 per year for this self interested dealing).

[Bobwins]

Good news and bad. To my knowledge, they haven't filed 2011. The last filing was 2010.

So we haven't seen the actuals from recent activity,which is the good news. The bad is that they are still behind in filings. Likely they are still losing money. New initiative in wireless could take some time to show
Profits. I would like to see current financials,regardless, so we can tell where we are in the process.

[StockAnalystNYC]

PrepaYd's 2011 results look disasterous! Net losses of $1.8 million on sales of $1.6 million. Lower gross margin and rising G&A expenses to blame.

[IKnowtheCEO]

2 VP's of PrepaYd Wireless fired in 3 months. Although both individuals came with impressive track records within the wireleess industry, neither of the 2 Executives hired to lead PrepaYd Wireless lasted longer than 6 weeks. These employee changes leave the Company without any managers with prior wireless industry experience. Maybe the best course of action would be to fire the CEO, Bruce Berman.

[IKnowtheCEO]

Berman fired that VP in only a month. He fired the prior VP of wireless in a month as well. Everyone with talent at PPDC gets fired by that highly volatile and irratic CEO, Bruce Berman

[IKnowtheCEO]

In the last sentence you said that "Berman has big plans and this is a small piece." I guess you know nothing about him or his track record. None of his prior businesses ever made money and most of them went bankrupt. PrepaYd, Inc, has never had a profit in its entire history and it lost even more money 2011. Ironically, despite stagnant sales and increasing loses. Berman gave himself a giant raise. The only one that will ever make any money at PPDC is Berman himself.

[Bobwins]

This is good news. PrepaYd is testing the kiosk concept. Eventually I think they will franchise the concept to spread the PrepaYd brand across the US. They can develop the kiosk physical cart appearance and function thru these company owned units and finalize a design that can be manufactured. The other advantage of the kiosk is that PrepaYd can experiment with different approaches to see what results in higher sales and cross sells of the phones and the debit card.

Berman likes to experiment and he will test many concepts before deciding to proceed with the franchise business model.

This could also be a test for the mall company, Westfield. If the kiosk proves viable, this is another rev source for Westfield that could be added to all their malls across the country. Ideally, PrepaYd would have to have agreements prearranged with big mall companies so that local franchisees would just contact the nearest big mall to locate their kiosk. That requires a lot of legwork upfront before the first franchisee is ever signed up. PrepaYd has to know the parameters of what the kiosk owner will be charged for rent and % of gross sales before they can build a business model that will work in any mall.

Don't know if/when we will benefit from all this but Berman has big plans for PrepaYd and this is a small piece.

[dffhogs]

PrepaYd Wireless Enters Agreement with Westfield to Open State-of-the-Art Retail Kiosk in Culver City Mall Featuring Recently...


Prepayd (PL) (USOTC:PPDC)


Today : Friday 4 May 2012

PrepaYd Wireless, a wholly owned subsidiary of PrepaYd, Inc. (OTC PINK: PPDC), announced today that PrepaYd Wireless is opening its second retail location at the Westfield Culver City Mall located in Culver City, California . The retail location is scheduled to open June 1, 2012 and is a 100 square foot custom state-of-the-art designed retail kiosk. The kiosk will showcase several PrepaYd Wireless Handsets, including its new 4G Handsets, where customers will be able sit, relax and test live handsets for a quick "try and buy" to find the perfect phone for them.

"When it comes to handsets in prepaid, the stigma is that you can only purchase low-end phones from past generations of handsets. With PrepaYd Wireless, you can purchase brand new smartphones with up to 4G Speeds without the expensive contract. At our new Culver City location customers can view our phone lineup, test the coverage quality with live phones and we can ask the customer the question 'Y would you pay more?'" says Bruce Berman, CEO of PrepaYd Wireless.

The company opened its first 35 square foot Mall Cart Express Location in January of this year in Westminster, California. The company believes its Mall Cart "Express Locations" and its new "Full Service" Retail Kiosks are ideal for retail business owners. PrepaYd Wireless Express locations can be opened up for a fraction of the cost compared to that of a retail store front location, and garnering as much, if not more, foot traffic. The company's Full Service location at Culver City is strategically located in the flow of foot traffic. With the Full Service Kiosks location's signage and display, consumers see the company's entire product line and offering in just a few seconds whether they intended to or not.

Since PrepaYd Wireless officially launched in December 2011 it has begun marketing to its parent company's debit card customers, launched an internet based sales and top up program, begun signing up dealers, integrated with PIN networks and will soon be offering PINS directly to its dealers. The company will be showcasing its entire product offerings at the Cellular Technology International Association "CTIA" show May 8th-10th in New Orleans.

"At the CTIA show PrepaYd Wireless will showcase the additional benefits it offers wireless dealers created by the unique ownership of PrepaYd Wireless being wholly owned by PrepaYd, Inc. PrepaYd, Inc. also owns a prepaid debit card company that is a well-established payment company which has been developing mobile payment technology "Continued Berman.

PrepaYd Wireless, Inc. is a Wireless Service Provider that offers mobile services to an estimated 110 million consumer demographic. Prepaid Wireless offers subscribers competitively-priced wireless service with its Y PAY MORE initiative and is an alternative to the traditional Postpaid Wireless Service Plans provided by major carriers. In addition, PrepaYd Wireless intends to make all of its available phones and wireless plans compatible for mobile financial services.

For more information about PrepaYd Wireless, Inc. visit www.PrepaYdWireless.com

[razzo]

That is GOOD news..

[dffhogs]

PrepaYd Wireless Launches 4G Coverage Featuring Unlimited Everything 4G at $60 a Month Fueled by Dealer Distribution Network ...

Today : Wednesday 2 May 2012
PrepaYd Wireless, a wholly owned subsidiary of PrepaYd, Inc. (OTC PINK:PPDC), announced today that it has launched its new "Y Plans" No Contract Unlimited Plans starting at only $35 a month and is introducing the Y $60 Plan for Everything 4G. The plan names have been simplified so subscribers can find it easier to make payments to the right plan at retail locations and when comparing plans and features. "Y Pay More" PrepaYd Wireless offers its introductory Y $35 Plan for Unlimited Nationwide Talk & Text which includes all taxes and surcharges. With its Y $60 Plan, consumers get unlimited Nationwide Talk, Text, Picture Messaging, and Web up to 4G Speeds.
"PrepaYd Wireless is pleased to announce the release of our new Y Plans. Our 4G WiMAX Coverage is in addition to our basic web and 3G EVDO coverage that's available with some of our other plans so our subscribers will still have great coverage when outside of 4G Coverage," says Josh Berman, Vice President of PrepaYd Wireless.
The company recently announced a prepaid distribution agreement with Emida Technologies, a provider of prepaid products and payment processing platforms. The company states that by using established dealer networks, social media, news services, and word of mouth versus expensive TV advertising to build its brand it is able to pass on a significant savings to its customers.
"We're adding new dealers to PrepaYd and are blown away by the response to our launch. We will also be showcasing PrepaYd's enticing full featured handset lineup along with our newly added feature rich "Y Plans" in our booth during the Cellular Technology International Association "CTIA" show May 8th-10th in New Orleans. We are very excited to be among the first Prepaid Wireless Carriers in the industry to offer 4G WiMAX capability to our customers. If you ever had reservations before about switching from a Contract to a No Contract Carrier then PrepaYd is your answer, "Y Pay More" when you can save by switching to PrepaYd," stated Dylan Fernandes, Vice President Of Wireless Development for PrepaYd Wireless.

[Bobwins]

including the ability to send payments to other consumers and businesses

This is the key. I remember Berman said they went to a recent debit card conference and PrepaYd was one of the few debit card companies interested in mobile wallet and it's implications.

Debit card demographics are probably slanted towards minorities but also younger people. Think they won't want to manage their finances from their phone? Also one of the few drawbacks to a debit card acct versus checking is the ability to pay private parties with checks. This could eliminate that advantage.

I think this is a good step for PrepaYd.

[dffhogs]

Bank Freedom Teams with FIS Mobile to Provide New Mobile Banking Offerings as a Safe and Convenient Alternative for Underbanked Consumers

PR Newswire

NEWPORT BEACH, Calif., April 19, 2012

NEWPORT BEACH, Calif., April 19, 2012 /PRNewswire/ -- Bank Freedom, a wholly-owned subsidiary of PrepaYd, Inc. (OTC PINK :PPDC), today announced that Bank Freedom has a multi-year agreement for the FIS Mobile offering in support of Bank Freedom's mobile application for the underbanked market. FIS is the world's largest provider of banking and payments technology.

Bank Freedom provides financial services, including prepaid debit cards, to underbanked consumers. PrepaYd, Inc. also owns PrepaYd Wireless, a wireless phone provider that offers cell phones to consumers without the requirement of a long-term contract or the ability to prove credit worthiness.

With FIS Mobile at its center, PrepaYd, Inc. will launch a new mobile application targeted to the underbanked market that combines PrepaYd Wireless' cellular phone service and Bank Freedom's prepaid debit card programs. The new mobile application will enable consumers to manage their finances remotely via a mobile phone – including checking balances, paying bills, viewing recent account activity and managing multiple cards. In addition to having transaction alerts sent to the mobile phone, consumers will also have the ability to manage funds via text message – including the ability to send payments to other consumers and businesses. The application empowers a population that typically is excluded from the growing trend of mobile financial management because they do not possess a traditional bank account and may not have the credit record typically required for a cellular phone contract. The application will be available for iPhone®, Android™, BlackBerry® and other Internet-enabled mobile phones.

"We believe to be a leader in the electronic payments industry, you must integrate reliable, robust and secure mobile financial services," said Bruce Berman, CEO, Bank Freedom and PrepaYd, Inc. "We selected FIS because of its ability to design a state-of-the-art mobile financial application that would meet our unique needs."

"More and more consumers are relying on the ability to manage their finances via their mobile phone," said Anthony Jabbour, executive vice president, FIS Financial Solutions Group. "FIS' intuitive, reliable and secure mobile financial services platform will enable PrepaYd, Inc. to expand the availability of these services to an entirely new market segment."

http://ih.advfn.com/p.php?pid=nmona&article=52070970&symbol=PPDC

[dffhogs]

PrepaYd CEO Clarifies Edgar Filing

Prepayd (PL) (USOTC:PPDC)
Intraday Stock Chart

Today : Friday 13 April 2012
PrepaYd CEO Clarifies Edgar Filing
PR Newswire

NEWPORT BEACH, Calif., April 13, 2012

NEWPORT BEACH, Calif., April 13, 2012 /PRNewswire/ -- PrepaYd, Inc. (OTC PINK: PPDC), announced today that in January of 2010 Bruce Berman issued 42,500,000 warrants at $0.0001 per share to the company's then Senior Vice President and 13,750,000 to the company's then Assistant Vice President. These options were issued from Bruce Berman's personal stock and diluted Bruce Berman's personal ownership of the company but not any of the company's shareholders.

In February of 2012 half of these warrants vested and were exercised. Rick Galasieski exercised 21,250,000 warrants and paid the company's CEO Bruce Berman $2,125.00 and received 21,250,000 restricted common shares of the company's stock from Bruce Berman. Josh Berman exercised 6,875,000 warrants and paid the company's CEO Bruce Berman $687.50 and received 6,875,000 restricted common shares of the company's stock from Bruce Berman.

Bruce Berman received a total of $2,812.50 from the exercise of 28,250,000 warrants and reduced his ownership in the company by 28,250,000. Rick Galasieski, who subsequently resigned, forfeited his remaining 21,250,000 warrants. Josh Berman, the company's now VP and director, has an additional 6,875,000 warrants at a purchase price at $0.0001 per share from Bruce Berman that vest in 2014.

"To the untrained investor at first glance the way some websites reported this transaction could give the appearance that I sold 28,250,000 shares of the company's stock for no apparent reason other than financial gain and the false impression that the stock was sold into the market and at market price of approximately $800,000 to $1,000,000 when in fact I netted $2,812.50 in a transaction structured to benefit shareholders at my sole expense," stated Bruce Berman CEO of PrepaYd, Inc.

http://ih.advfn.com/p.php?pid=nmona&article=51999067&symbol=PPDC

This is the filing...

http://sec.gov/Archives/edgar/data/1115707/000136086512000019/xslF345X03/primary_doc.xml

[dffhogs]

I agree, building a strong team....

66k shares went at .003 - Fat Finger?

Someone got lucky, wish it had been me!!!

[Bobwins]

this looks like another good team member.


NEWPORT BEACH, Calif., April 12, 2012 /PRNewswire/ -- PrepaYd Wireless, Inc., a wholly owned subsidiary of PrepaYd, Inc. (OTC PINK: PPDC), a Nationwide Wireless Service Provider, announced today it has hired Dylan Fernandes as Vice President of Wireless Business Development for PrepaYd Wireless. Mr. Fernandes will be responsible for building and managing PrepaYd Wireless National Distribution Agreements, new product development and deployment. He will spearhead the expansion of PrepaYd Wireless' distribution footprint for both handsets and airtime and oversee the on-boarding of new Dealers, Master Dealers, Regional and National Master Agents.
Mr. Fernandes comes to PrepaYd wireless from the Sprint Prepaid Group (Boost Mobile & Virgin Mobile) located in Irvine, CA where he served as National Account Manager. His responsibilities at Sprint included managing the relationships of five Technology Service Providers which includes inComm, Blackhawk, ePay, Emida and Coinstar, and in distributing SPG Airtime Replenishment products to several major National Retail Chains (e.g. Wal-Mart, Target, Best Buy, 7-Eleven, Circle K & RadioShack) as well as all major grocery chains resulting in over $2B in annual prepaid airtime revenue. Additionally Mr. Fernandes aided in the launch of various ground breaking prepaid airtime products, (Rechargeable Card Products, Open-Denomination POSA Cards, and RTR) and worked closely with Acquisition Sales Managers and National Account Managers as the prepaid airtime SME to effectively represent Sprint Prepaid Group with the National Retailers.
"We are very pleased to have Dylan join our team here at PrepaYd Wireless. His experience and relationships in the industry are of paramount experience to our company for retail distribution. PrepaYd Wireless is contracted already with Emida and is working on adding additional major service providers that Dylan managed during his tenure at Sprint. These types of relationships will play a major role in PrepaYd Wireless' success in the wireless industry," stated Josh Berman, Vice President and Founder of PrepaYd Wireless.
"I am excited to be joining the PrepaYd Wireless team and look forward to stamping the PrepaYd mark on Wireless Dealers and National Retail chains across the country. I am extremely motivated and anxious to help make PrepaYd Wireless a major success and quickly propel the brand to the next level within this ever growing Prepaid Industry," stated Dylan Fernandes, Vice President of Wireless Business Development of PrepaYd Wireless.

[Bobwins]

This looks like a good hire. PrepaYd needs to get their SEC filings up to date and prepare for a bigger future.


NEWPORT BEACH, Calif., March 28, 2012 /PRNewswire/ -- PrepaYd, Inc. (OTC PINK :PPDC), announced today that it has hired Jonathan Wilson as its Controller, Vice President of Finance and In-House Counsel. Mr. Wilson is Vice President of Finance, Controller and after registration with the California Bar, In-House Counsel for PrepaYd, Inc. Prior to joining PrepaYd, Inc. he was Vice President of Finance for a privately held media company, the company owned 200 digital displays and 4,000 static billboards in gyms, golf clubs, tennis clubs and grocery stores across the US and Canada with 65 employees and 100 independent contractors. Prior to that employment Mr. Wilson worked as a staff account and tax supervisor for two California CPA firms.
Mr. Wilson earned his J.D., from Southern New England School of Law, May 1995 his BBA, Fox School of Business and Management, Temple University, December 1988 is a Member, Massachusetts Bar, California Registered In-House Counsel and a California Certified Public Accountant.
"I am pleased to have Mr. Wilson joining the PrepaYd, Inc. team His experience and skill set fits my philosophy of hiring key staff members capable of wearing many hats," stated Bruce Berman, CEO of PrepaYd, Inc.
"I am excited to join a great company. I think that the company's vision for the future of prepaid debit cards on both the consumer and business side and the prepaid cell phone market put it at the start of a vast market with great potential. I wish these products had been available to us at my former company, it would have made my job much simpler," stated Jonathan Wilson, VP of Finance PrepaYd, Inc.
About PrepaYd, Inc.
PrepaYd, Inc. Is expanding from its original roots of providing much needed financial services in the Prepaid Debit Card industry into PrepaYd Wireless and mobile payments segments. The company, through one of its wholly owned subsidiaries, offers prepaid debit cards to America's estimated 60 million underbanked citizens. In addition to the underbanked consumer demographic, small and mid-size businesses have found a much needed product with the company's Prepaid Business Expense Card Program. With the diminishing credit card markets, companies need a new way to fund employees' expenses other than through traditional credit cards or cash reimbursements.
For more information about PrepaYd, Inc. visit www.PrepaYdInc.com.
PrepaYd, Inc.
Investor Relations
Nona Vahdat
949-553-9044 ext. 221

[dffhogs]

Thanks for the update!

[Bobwins]

Talked with Bruce Berman again.

I asked about the Preferred share issue. He said it was a combination of reasons to do it. He wants to maintain control of the company until there is a buyout so he exchanged most of his common stock shares for preferred shares that have a 3 yr hold. He is confident enough in the company success that he doesn't see any need to liquidate before 3 years are up.

I asked about the capital requirements to grow the wireless segment. He said it was pretty low because of the way they are building the business.

The Emida distribution network is the key. There are 15,000 outlets in the network. They buy their phone inventory directly from a wholesaler that PrepaYd recommends so PrepaYd doesn't get involved in the phones. The merchant orders the phones and charges whatever they want. All PrepaYd cares about is the monthly fees.

In order to avoid confusion, PrepaYd requires that the merchants never charge more than PrepaYd charges for the phones on their website. Berman anticipates that the merchant network will offer different phones than those on the website so they can charge what they want for the phones.

Berman is very excited about the cross selling prospects. He says that he expects the merchants to sell the phones and then pitch them on the prepaid cards. Why? Because if they sell the PrepaYd debit card along with the phone, they can be sure to receive commissions on loading the phone. Once they sell the phone, their customers can use cash at many locations but the combination sale will keep them earning commissions on both products. There are 15,000 merchants and he expects it will take about 2 yrs to penetrate a good percentage of them. He said Green Dot has 50,000 locations and NetSpend has 25,000 locations so 15,000 is an excellent start.

[Bobwins]

This is apparently some kind of anti takeover move. Berman has enough votes to do these things without a shareholder vote. He is exchanging 200 million of his shares for 200million preferred that have super voting rights of 3X normal shares. As a small offset, he is saying he won't sell any of these shares for 3 yrs.

Maybe he is thinking of raising bigger amounts of money and wants to ensure that he maintains voting control even if someone else comes in and buys 200 million shares. This is one of the dangers of a closely held company. Berman hold more than just this 200 million. There are 575million shares out and he holds 400, I think.





Designation of and Issuance Preferred Stock

The Board has approved, and the stockholders owning a majority of the shares entitled to vote on matters submitted to the stockholders have consented in writing to designate 200,000,000 shares of Series A Preferred Stock. The Series A Preferred stock is entitled to three votes per share, but may not be sold or otherwise transferred for a period of three years, or in the event of a sale or other dispensation of the Company.

The Board has also approved, and the stockholders owning a majority of the shares entitled to vote on matters submitted to the stockholders have consented in writing to issue 200,000,000 shares of Series A Preferred Stock to the Company’s CEO in exchange for 200,000,000 shares of common stock.

[Bobwins]

I miss the built in keyboard on my old flip phone. My clumsy fat fingers don't work too well on the virtual keyboard. But it will all be worth it when I have to type in $1.01 for the ppdc.pk stock price! Then I can buy whatever smart or dumb phone I want. I guess I should activate the voice feature so I don't have to type so much! Duh!

[dffhogs]

Thats why I have the cheap flip phone and the wife has the Smart Phone!

At least that is what I tell her...lol

[Bobwins]

My biggest problem is that my Smart Phone is smarter than me~!