PSPP Holdings, Inc. Executes Strategic Agreement With Green Dot Corporation Leader in Prepaid Reloadable Cards Helps Facilitate PSPP Expansion to Consumers Jul 26, 2007 9:00:00 AM LOS ANGELES, CA -- (MARKET WIRE) -- 07/26/07 -- PSPP Holdings, Inc. (OTCBB: PSPJ), 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, announced today that the company executed a strategic agreement with Green Dot Corporation, a leader in prepaid reloadable cards and operator of the Green Dot Network. The announcement was made today by PSPP Holdings' Chairman, Larry Wilcox.
The partnership will greatly expand the ability of consumers to reload prepaid cards that are enrolled in the eLuxe card programs throughout the United States. Some of the loading locations include Wal-Mart, Rite Aid, CVS/Pharmacy, Walgreens, RadioShack, and many other retailers nationwide.
"We are proud to partner with a company such as Green Dot Corporation that joins us in bringing the electronic financial world closer to millions of Americans through thousands of convenient retail locations," said Mr. Wilcox.
Headquartered in Los Angeles, Green Dot Corporation is a leading provider of retail-based financial services for America's underserved community. The company offers consumers a comprehensive portfolio of financial products and services through tens of thousands of leading retailers nationwide. Products include Green Dot MasterCard®, Visa® and Discover® branded prepaid debit cards, Green Dot Visa credit cards and Green Dot MoneyPak(TM). The Green Dot MoneyPak(TM) is a consumer to business "C2B" cash processing gateway that provides a convenient and efficient way for consumers to load cash to prepaid cards, use cash to pay bills, and add cash to a variety of accounts. For more corporate information, visit http://www.greendotcorp.com. To learn more about Green Dot products and services please visit http://www.greendotonline.com and http://www.getmygreen.com.
About PSPP Holdings, Inc.
PSPP Holdings, Inc. (OTCBB: PSPJ), headquartered in Los Angeles, California, is 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. PSPP Holdings provides the transaction-based business of electronic payments and related digital banking in two continents today: North America and Africa, utilizing MasterCard International and Visa, as well as local banks which enable settlement of funds in local currency. With strategic relationships in place and with its own proprietary processing software code, PSPP Holdings is committed to delivering speed to market, continuous innovation, significant savings, convenience, and benefits to its customers, cardholders, employees, and investors.
Safe Harbor Statement
This press release includes forward-looking statements about the Company's estimated revenue and earnings within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this release, including statements regarding the Company's future financial position, business strategy and plans and objectives of management for future operations, are forward-looking statements. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. We have based these forward-looking statements largely on current expectations and projections about future events and financial trends that we believe may affect the Company's financial condition, results of operations, business strategy and financial needs. Risks and uncertainties include the ability of the Company to attract customers to its website and offer attractive products; to maintain its website, electronic data processing systems, and systems hardware; to forecast accurately net revenue and plan for expenses; to protect our intellectual property rights; and potential litigation and government enforcement actions that may result from our prior securities offerings. Please refer to PSPP's reports and filings with the Securities and Exchange Commission for a further discussion of these risks and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. PSPP undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date they were made or to reflect the occurrence of unanticipated events.
Contact: Andrew Werner BZCOM Communications (800) 313-7912 Email Contact
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