PrepaYd Wireless to Present at the US MVNO Industry Summit
NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- PrepaYd Wireless Inc., a Mobile Virtual Network Operator (MVNO) and a wholly owned subsidiary of PrepaYd, Inc. (Pink Sheets: PPDC) announced today that it will be presenting a Case Study on Mobile Financial Services at the MVNO Industry Summit USA, being held November 8-9, 2011 in Dallas, TX. PrepaYd Wireless is in a unique position as a wireless service provider to offer robust Mobile Financial Products, as its parent company PrepaYd Inc. is an established Tier 1 service provider of prepaid debit cards and other financial products that are critical components in providing Mobile Financial Services.
The event is Co-Located with the LTE North America Conference. As part of the MVNO Industry Summit Global Series, the event selected 30 Industry Leaders to showcase best practices in the MVNO, MVNE, and Wireless Wholesale. Josh Berman Vice President and creator of the PrepaYd Wireless business model was invited to present a Case Study on Mobile Financial Services and participate in an Interactive Keynote Panelist Discussion with several other senior level executives from the nation’s top wireless service providers.
“Mobile Financial Services is in the nascent stage however a recent report states Mobile Payments could reach $50.7 Billion in 2015. Being both an MVNO and a service provider of prepaid cards gives us greater control in providing an excellent customer experience while providing convenient Mobile Financial Products that our customers can easily understand how to use,” stated Josh Berman, Vice President of PrepaYd Wireless.
More information on the MVNO Summit can be found at http://www.mvnoindustrysummit.com/usa
About PrepaYd, Inc and PrepaYd Wireless, Inc.
PrepaYd, Inc. is a provider of financial services in the prepaid debit card industry and is in the process of becoming a prepaid wireless phone provider. The company, through one of its wholly owned subsidiaries Bank Freedom, 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. Through another wholly owned subsidiary PrepaYd Wireless, the company intends to offer mobile services to an estimated 110 million consumer demographic. Prepaid Wireless Services is an alternative to the traditional Postpaid Wireless Service Plans provided by major carriers. In addition, PrepaYd Wireless intends to make all of its available phones and wireless plans compatible for mobile financial services.
For more information about PrepaYd Wireless, Inc. visit www.PrepaYdWireless.com
For more information about PrepaYd, Inc. visit www.PrepaYdInc.com
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 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.
CONTACT:
PrepaYd, Inc.
Nona Vahdat, Investor Relations
949-553-9044 ext 221
NonaV@PrepaYdinc.com
KEYWORDS: United States North America California
INDUSTRY KEYWORDS: Technology Telecommunications Mobile/Wireless Professional Services Banking Finance
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