SOURCE: PSPP Holdings Inc.
September 06, 2007 09:00 ET
PSPP Offers Immediate Access to International Currencies With Launch of Branded Global Money Card
LOS ANGELES, CA--(Marketwire - September 6, 2007) - PSPP Holdings Inc., (OTCBB: PSPJ), a
financial services company developing electronic remittance, mobile
banking, and other e-benefits and pre-paid card solutions for worldwide
applications, announced today that its Global Money Card product is now
launching to the international marketplace. Available for use on a variety
of continents, or country of choice, the global card product is another way
that PSPP Holdings is offering global currencies to many nations
"PSPP has now completed the software integration needed to support, in real
time, a branded prepaid global money card. It enables various prepaid
solutions to be sanctioned and utilized in the country of one's choice,"
said Larry Wilcox, Chairman. "The launch kicks off with an email blast to
the international community to a company with three hundred thousand
(300,000) customer base," he added.
Supported by http://www.globalmoneycards.com/ this unique, newly developed
web site has undergone strenuous testing and implementation reviews.
"Our international programs are projected to move substantial branded
prepaid card products in the 4th quarter, and should well complement the
existing programs in Africa and the USA," stated Board Chairman Wilcox.
Domestic U.S. programs offered by PSPP Holdings, Inc. include US Cash™
card, ShizzleCash Card™, the Zyfin™ Card, and the GoUrban™ Card,
all which complement the recently launched Africards™ product, a prepaid
solution that serves its namesake continent.
"At PSPP Holdings, we believe we have painstakingly created a remarkably
functional worldwide virtual banking model, and portal that is powered by
and strategically partnered with organizations with whom we can establish a
significant metric of margin and multiple," Chairman Wilcox explained.
This passive recurring income is to be tied to more secure technology and
benefit offerings in the near future -- all designed to position,
distinguish, and differentiate PSPP Holdings in the worldwide prepaid
"With all of these programs in place, combined with our innovative and
aggressive advertising and targeted channel distribution, the projected
result creates a potential upside of $3-$5 of revenue per month per
customer to PSPP Holdings," Mr. Wilcox added.
Interestingly, Larry Wilcox is no stranger to both domestic and
international marketplaces. Featured in the hit TV show, 'CHIPS,' which
was syndicated in over 100 foreign countries, his name, face, and
reputation has become synonymous with integrity, quality, and market
stamina for years. With globalization accelerating, he is now syndicating
his cookie cutter of virtual banking and virtual currencies (chips)
throughout the world.
About PSPP Holdings, Inc.
PSPP Holdings, Inc. (OTCBB: PSPJ) is headquartered in Los Angeles,
California, and is a financial services company establishing an
international banking network to facilitate electronic remittance, Mobile
Banking, e-benefits, and stored value and pre-paid card solutions. PSPP
Holdings provides the transaction-based business of electronic payments and
related digital banking in two continents today: North America and Africa,
and utilizes MasterCard International and Visa, as well as local banks to
enable settlement of funds in local currency. With strategic relationships
in place and with its own proprietary processing software code, PSPP
Holdings is committed to delivering speed to market, continuous innovation,
significant savings, convenience, and benefits to its customers,
cardholders, employees, and investors.
Safe Harbor Statement: This press release includes forward-looking
statements about the Company's estimated revenue and earnings within the
meaning of the Private Securities Litigation Reform Act of 1995. All
statements other than statements of historical facts contained in this
release, including statements regarding the Company's future financial
position, business strategy and plans and objectives of management for
future operations, are forward-looking statements. The words "believe,"
"may," "will," "estimate," "continue," "anticipate," "intend," "expect,"
and similar expressions, as they relate to the Company, are intended to
identify forward-looking statements. We have based these forward-looking
statements largely on current expectations and projections about future
events and financial trends that we believe may affect the Company's
financial condition, results of operations, business strategy and financial
needs. Risks and uncertainties include the ability of the Company to
attract customers to its website and offer attractive products; to maintain
its website, electronic data processing systems, and systems hardware; to
forecast accurately net revenue and plan for expenses; to protect our
intellectual property rights; and potential litigation and government
enforcement actions that may result from our prior securities offerings.