Prepaid Card Holdings, Inc. Receives Confirmation from SEC It Has Cleared All Comments on Its Form 10
LAS VEGAS--(AllPayNews.com)--Prepaid Card Holdings, Inc. (Pink Sheets: PPDC) announced today that it is a fully reporting company. The Company had filed on August 22, 2008 with the U.S. Securities and Exchange Commission a Form 10 Registration of Securities under 12(b) or (g) of the Securities Exchange Act of 1934. The SEC examiner called Prepaid Card Holdings, Inc. CEO Bruce Berman on October 18th and informed Mr. Berman that there would be no further comments on the company’s Form 10 filing.
Mr. Berman stated, “Going from a Pink Sheet traded company with limited public information available to a fully reporting company with audited financial statements is a great accomplishment. It took a lot of hard work by our staff, our outside auditors, and our legal counsel working with the SEC. We intend shortly to begin the process necessary to get listed on the National Association of Securities Dealers Over the Counter Bulletin Board (OTCBB).”
About Prepaid Card Holdings, Inc.
Prepaid Card Holdings, Inc., through its wholly owned subsidiaries, offers emerging prepaid card solutions that can act as a card account and payment solution for those people who do not use banks or credit cards. According to market data available, there are approximately 100 million people in the United States who don't have a bank account or who can't qualify for a credit card because their credit scores are too low. This is called the underbanked or unbanked market. For the unbanked or underbanked, the evolution taking place with prepaid cards can replace their reliance on check cashing centers, money orders, and the inability to buy certain products that require a major credit card.
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.
Prepaid Card Holdings, Inc.
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