Also recent news!! Capital One just bought a company similar to PSPJ for $700 million!
PSPP Holdings Comments on Capital One's $700 Million Acquisition of NetSpend Corp. Monday August 13, 9:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Aug 13, 2007 -- PSPP Holdings, Inc. (OTC BB:PSPJ.OB - News), a financial services company that is establishing an international banking network to facilitate electronic remittance, mobile banking, e-benefits, and stored value and pre-paid card solutions, commented today on Capital One's $700 million acquisition of NetSpend Corp., a company, similar to PSPP, that markets prepaid debit cards. The announcement was made today by PSPP Holdings' President, Kyle Gotschalk. "This acquisition is an extremely positive indicator of the prepaid debit card market in which PSPP Holdings operates. The analyst report cited in an article published by Forbes indicated that the prepaid debit card market is 'projected to grow 25 percent annually.' The acquisition and the information contained in this article are extremely positive for PSPP and the entire debit card industry."
This news comes on the heels of PSPP Holdings' recent announcements regarding acquiring Poder Card and its strategic agreement with Green Dot Corporation.
Also recent news!! Capital One just bought a company similar to PSPJ for $700 milliln!