SOURCE: 3PEA International, Inc

November 21, 2013 09:02 ET

3PEA International, Inc. Announces the Hiring of Ruben Corona as Vice President of Sales and Strategy

Sales Veteran to Develop, Implement and Manage 3PEA International's Sales Initiatives and Expansion Into New Markets

HENDERSON, NV--(Marketwired - Nov 21, 2013) - 3PEA International Inc. (OTCBB: TPNL), a payments solution company focused on prepaid debit card processing and program management, is pleased to announce the hiring of Ruben Corona as Vice President of Sales and Strategy. In this capacity, Mr. Corona will develop, implement and manage 3PEA International's sales initiatives targeting new and existing verticals within the prepaid space. Mr. Corona is a sales veteran with more than 15 years of senior leadership experience in organic revenue production, building and strengthening sales forces and rehabilitating underperforming revenue streams. Ruben brings to 3PEA his years of expertise including his experience as President of IRAP Consulting, Independent Sales Management Consultant for Oracle Partner Network companies as well as territorial management positions for Zensar Technologies and Thoughtdigital LLC. Mr. Corona has excelled in providing large scale Enterprise Technology solutions and global implementations to many multinational companies including many Fortune 500 and 100 Companies in multiple market verticals including healthcare, pharmaceuticals and financial services. Mr. Corona is experienced in direct sales, having successfully negotiated large scale enterprise solutions with both senior management and at the board level. Mr. Corona has managed large sales organizations and has consistently exceeded performance quotas. His territorial management experience includes North America, South America, EMEA and the Pacific Rim.

"Mr. Corona has extensive experience in the development and implementation of major sales programs, recruiting highly qualified sales talent and exceeding sales and revenue goals," said 3PEA Chief Financial Officer Arthur De Joya. "We are looking forward to Ruben bringing his experience and expertise to 3PEA International. The prepaid debit card market is growing at a combined annual growth rate of 21% and is expected to reach $411 billion by 2016. We are confident the Mr. Corona can bring substantial results in a high growth market such as prepaid."

"I am ecstatic about joining 3PEA International at a time when the Company is implementing aggressive growth initiatives. As VP of Sales and Strategy, it will be my job to translate these initiatives into tangible, real world results," remarked Mr. Corona. "After thorough review of the industry, I know that 3PEA International is in an unmatched competitive position to deliver the most cost effective, user friendly prepaid solutions to the marketplace." 

"We are very pleased to add an executive with Ruben's level of experience, drive and accomplishments," commented Mark Newcomer, President and CEO of 3PEA International. "We have invested in our infrastructure in order to ensure that 3PEA can deliver prepaid solutions that offer the highest customer satisfaction. Ruben is the perfect choice to communicate that message to the marketplace." 

About 3PEA International:

3PEA International, Inc. is a payment solutions company that focuses on providing prepaid debit program management and processing services. Utilizing its PaySign® Platform, the Company offers customizable prepaid debit card solutions for a variety of consumer and corporate applications. As part of the Company's customized prepaid card solutions 3PEA provides transaction processing, card creation and fulfillment, cardholder enrollment, value loading, cardholder account management, reporting and in-house customer service. 3PEA strives to provide its clients with significant time-to market, cost, scalability, reliability and security benefits. For further information visit: www.3pea.com.

Forward-Looking Statements:

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. There is no assurance that such statements will prove to be accurate, and actual results and future events could differ materially. 3PEA undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.

Contact Information

  • For further information, contact:
    Brian Polan
    VP Corporate Finance
    E-mail: bpolan@3pea.com
    Phone: 702-749-7234
    Fax: 702-749-7284