Prepaid Card Holdings, Inc. Offers Solutions for America's Credit Card and Banking Woes, Begins Trading on the OTC.BB Just 17 Days after Posting First Profitable Quarter in a Relatively Unknown Industry Poised for Growth During Recession
From Day One Company Proudly Displays Its Fees in Bold Plain Speak Language - No Interest Fees, No Late Fees, No Over Limit Fees, No Overdraft Fees and No Hidden Fees
May 18, 2009 3:18:00 PM
Copyright Business Wire 2009
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View Additional ProfilesLAS VEGAS--(BUSINESS WIRE)-- Prepaid Card Holdings, Inc. (OTCBB:PPDC) announced today that it has begun trading on the Over The Counter Bulletin Board just 17 days after it posted its 10Q for the first quarter of 2009 which was the company's first profitable quarter.
Prepaid Card Holdings, Inc. CEO Bruce Berman stated, "We have a solution for America's credit card and banking woes. First let's address the estimated 100,000,000 American adults that do not have access to a bank account and/or credit card. We offer 100% guaranteed approval for our branded prepaid debit cards subject to verification of ID only. If you don't have a bank account you can use our cards to pay bills online, send paper checks from an online account, or use them at over 1,000,000 ATM's or 30,000,000 merchants worldwide. We charge no overdraft fees, no interest fees, and no late fees. Why should we charge them it's your money being spent not ours. To prepay your card account it's somewhat similar to a bank account where you can fund your account by either direct depositing your payroll or benefits checks or by adding cash to your card account at over 50,000 retailers nationwide."
Bruce Berman continued, "We are hoping for the day a television show like 60 minutes, 20/20, Dateline NBC or someone in President Barack Obama's administration researches this industry because we are in a relatively unknown industry that can seriously help Americans stay out of debt while allowing them to function in a society that requires payment by plastic."
About Prepaid Card Holdings, Inc.
Prepaid Card Holdings, Inc. through its wholly owned subsidiaries offers emerging prepaid card solutions that can act as a card account and payment solution for those people who do not use banks or credit cards. According to market data available, there are an estimated 100 million people in the United States who don't have a bank account or who can't qualify for a credit card because their credit scores are too low. This is called the underbanked or unbanked market. For the unbanked or underbanked, the evolution taking place with prepaid cards can replace their reliance on check cashing centers, money orders, and the inability to buy certain products that require a major credit card.
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 and 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.
Source: Prepaid Card Holdings, Inc.
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Prepaid Card Holdings
Inc.
Bruce Berman
949-250-9556 ext. 128
www.PrepaidCardHoldings.com
AI
