FORT WORTH, Texas--(BUSINESS WIRE)--June 29, 2005-- Pay Pro Card Corp, which recently merged with Ostrich Products of America, Inc. (OTC: OPMI) announced today that it has filed with the State of Nevada to change its name to reflect its current business activity. The new name is set to be announced at a later date. In addition, the Company is enacting a 50-for-1 forward split of its common stock. The forward split is set to take place in early July. Once the name change process is completed, the Company anticipates that it will trade under a new stock symbol and CUSIP, yet to be determined. Pay Pro C.E.O., Mike Terrell said today, "It is important for us to create a consistent corporate identity and a name change is necessary for us to reflect our new direction. The forward stock split is intended to lay the foundation for anticipated growth and aide our efforts to improve trading liquidity, broaden ownership and enhance shareholder value." Pay Pro Card Corporation is a stored value debit card company with international and domestic sales to businesses, governmental agencies and individuals. Based in Fort Worth, Texas, Pay Pro has an aggressive growth and expansion plan with programs in corporate payroll, international corporations and governments and specialty domestic cards. For further information now on Pay Pro Card Corporation, please visit their web site at www.mybankcard.com.
About Pay Pro Corporation
Pay Pro has debit card operations in six countries including its domestic operations. The Company's stored value debit cards are sold under the brand names CHEXCARD(R) and MYBANKCARD to businesses, governmental agencies and individuals. The MYBANKCARD and CHEXCARD(R) are a revolutionary new way to handle your financial independence. They are not credit cards - They are Visa and MasterCard bank cards and there is no interest to pay, no payments to make and no approval requirements.
This press release contains "forward-looking" statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and is subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in Pay Pro Corporation reports that will be on file with the US Securities and Exchange Commission.
KEYWORD: NORTH AMERICA MASSACHUSETTS NEVADA TEXAS UNITED STATES INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE RETAIL COMMUNICATIONS MA KETING SOURCE: Pay Pro Card Corporation
CONTACT INFORMATION: Company Contact: Pay Pro Card Corporation 214-774-4870 or 817-569-8920 or Investor Relations: NY OTC Financial Network Fred Lande, 516-487-0841 info@nyotcfn.com http://www.nyotcfn.com
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