SOURCE: PSPP Holdings, Inc.

September 25, 2007 09:00 ET

PSPP Holdings, Inc. Expands Internationally to Mexico

United States, Africa, and Now Mexico

LAS VEGAS, NV--(Marketwire - September 25, 2007) - PSPP Holdings, Inc. (OTCBB: PSPJ) reports that they have strategically aligned with an MSB (Money Service Business) provider whereby they will now be able to offer wire transfer and debit card offerings to Mexico. The LAC (Latin America and Caribbean) remittance market has been quoted to be $54 Billion and is a significant international business marketplace. PSPP Chairman Larry Wilcox states that this is another international milestone to our Virtual Banking platform and brings us front and center with regulatory and compliance with respect to money transfers for Mexico. As we implement this strategic program, PSPP and our partners will then offer banks and credit unions the ability to process international card transactions, mobile banking and loyalty programs. By creating a network of countries and a network of currencies we are completing our International vision of Virtual Banking. PSPP Holdings is proud to announce that we are now in the United States, Africa, and Mexico.

Remittance data worldwide have historically been of poor quality and grossly underestimated migrant transfers for years. The benefits of remittances are profound. Studies have shown that migrants' transfers home reduce poverty, increase investment in children's schooling, boost health spending, finance small businesses and increase access to financial services. A global effort to standardize the definition and measurement of remittances is currently under way, led by a group of multinational institutions, including the World Bank and International Monetary Fund. Better data will facilitate cross-country comparisons of remittances. Remittance ranks 3rd in Foreign Exchange in Mexico and remittance have had a 15-20% growth rate. The Southwest Economy published by the Federal Reserve Bank states that the purchasing power of Latin immigrants is estimated to be more than $500 Billion while 10% of those earnings are sent home.

Mr. Wilcox goes on to state, "How do we give more remittance recipients and their families access to the financial systems in order to provide them increased options to use their money? Significant amounts of immigrants still feel disenfranchised from the banking systems partly due to a lack of appropriate products. PSPP will provide an array of products from Payroll cards, benefits, mobile banking, and loyalty and make virtual banking efficient and accommodating."

About PSPP Holdings, Inc.

PSPP Holdings, Inc., headquartered in Las Vegas, Nevada, is a financial services company that is establishing an international banking network to facilitate electronic remittance, Mobile Banking, e-benefits, and stored value and pre-paid card solutions.

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Under the Private securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements, including all statements regarding paying a stock dividend, and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

Contact Information

  • Contact:
    PSPP Holdings, Inc.
    800-504-5844