PrepaYd Wireless Enters Agreement with Westfield to Open State-of-the-Art Retail Kiosk in Culver City Mall Featuring Recently Launched PrepaYd 4G Smartphones for Its $60 No Contract Everything 4G Plan
NEWPORT BEACH, Calif., May 4, 2012 /PRNewswire/ -- PrepaYd Wireless, a wholly owned subsidiary of PrepaYd, Inc. (OTC PINK: PPDC), announced today that PrepaYd Wireless is opening its second retail location at the Westfield Culver City Mall located in Culver City, California . The retail location is scheduled to open June 1, 2012 and is a 100 square foot custom state-of-the-art designed retail kiosk. The kiosk will showcase several PrepaYd Wireless Handsets, including its new 4G Handsets, where customers will be able sit, relax and test live handsets for a quick "try and buy" to find the perfect phone for them.
"When it comes to handsets in prepaid, the stigma is that you can only purchase low-end phones from past generations of handsets. With PrepaYd Wireless, you can purchase brand new smartphones with up to 4G Speeds without the expensive contract. At our new Culver City location customers can view our phone lineup, test the coverage quality with live phones and we can ask the customer the question 'Y would you pay more?'" says Bruce Berman, CEO of PrepaYd Wireless.
The company opened its first 35 square foot Mall Cart Express Location in January of this year in Westminster, California. The company believes its Mall Cart "Express Locations" and its new "Full Service" Retail Kiosks are ideal for retail business owners. PrepaYd Wireless Express locations can be opened up for a fraction of the cost compared to that of a retail store front location, and garnering as much, if not more, foot traffic. The company's Full Service location at Culver City is strategically located in the flow of foot traffic. With the Full Service Kiosks location's signage and display, consumers see the company's entire product line and offering in just a few seconds whether they intended to or not.
Since PrepaYd Wireless officially launched in December 2011 it has begun marketing to its parent company's debit card customers, launched an internet based sales and top up program, begun signing up dealers, integrated with PIN networks and will soon be offering PINS directly to its dealers. The company will be showcasing its entire product offerings at the Cellular Technology International Association "CTIA" show May 8th-10th in New Orleans.
"At the CTIA show PrepaYd Wireless will showcase the additional benefits it offers wireless dealers created by the unique ownership of PrepaYd Wireless being wholly owned by PrepaYd, Inc. PrepaYd, Inc. also owns a prepaid debit card company that is a well-established payment company which has been developing mobile payment technology "Continued Berman.
PrepaYd Wireless, Inc. is a Wireless Service Provider that offers mobile services to an estimated 110 million consumer demographic. Prepaid Wireless offers subscribers competitively-priced wireless service with its Y PAY MORE initiative and 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.
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.
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.