PrepaYd Inc. (fka PPDC)

[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.