PrepaYd Wireless in Position to Expand its Retail Distribution Through Multiple Master Distributors with over 40,000 Retail Locations
NEWPORT BEACH, Calif., June 29, 2012 /PRNewswire/ -- PrepaYd Wireless, Inc. a wholly owned subsidiary of PrepaYd, Inc. (OTC PINK: PPDC) announced today that it will be selling PrepaYd Wireless Airtime through 8 technology service providers and has entered into agreements with multiple Master Distributors for selling PrepaYd Wireless. The 8 technology service providers actually have over 100,000 locations combined locations however the company believes there is some overlapping as some retailers use more than one technology provider and has estimated that the 8 technology providers have at least 40,000 unique locations. With the addition of the new technology service providers, PrepaYd Wireless Subscribers will soon be able purchase PrepaYd Wireless Airtime at at least 40,000 retail locations nationwide. Locations will vary from privately owned Retail Kiosks, Wireless Stores, Convenience Stores and Alternative Service Providers. For Dealers not using one of the 8 technology service providers, the company offers Hard Cards, which are prepaid Airtime Cards with a Scratch Off PINs for redeeming PrepaYd Wireless Airtime.
To support its Dealers, PrepaYd Wireless Retail Services has added a Fulfillment Vendor for storing and shipping Handsets and has developed a proprietary Dealer Portal that offers Dealers the ability to activate phones, apply PrepaYd Wireless Airtime, purchase Handsets, provide basic customer service, check and initiate number ports, find network updates, and a knowledge center for selling PrepaYd Wireless.
"With our competitive pricing, proprietary Dealer Portal and new retail partners, PrepaYd Wireless can continue to focus on offering quality products, and building strong brand recognition for both Consumers and Businesses with our expanded reach," says Josh Berman, Vice President of PrepaYd Wireless.
About PrepaYd Wireless
PrepaYd Wireless, Inc. provides the postpaid experience without the contract, and is a a new leading provider for No Contract Wireless Service with Unlimited Plans starting at $35 per month. Since the companies 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.
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.
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.
PrepaYd Wireless, Inc.
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