SOURCE: PSPP Holdings, Inc.

August 30, 2007 09:00 ET

PSPP Holdings' Subsidiary, eSafe, Inc., Announces That Visa International Has Given the Go Live Date for Testing of the Africards Prepaid Visa Card Program

Africards, Issued by Banque du Burkina Internationale in Ouagadougou, Burkina Faso, Is One of the First Visa Prepaid Cards in West Africa in CFA (Local) Currency Denominations

LOS ANGELES, CA--(Marketwire - August 30, 2007) - PSPP Holdings, Inc. (OTCBB: PSPJ), 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, announced today that the company begins live testing today of the Africard Prepaid Visa Card. The announcement was made today by PSPP Holdings' Chairman, Larry Wilcox.

The Africards Prepaid Visa Card is a French language payroll and general spend card that will offer consumers a new banking product that is reloadable at any BIB bank branch or selected Western Union locations. Employees can use their cards at numerous locations to make purchases or access cash at Automated Teller Machines or Point-of-Sale terminals. Africards will broaden the diversity of the card market in West Africa and will be aimed at travelers, money remittance and direct deposit consumers.

This program which is now in place will be added to the North American product mix and will complement the South American Continents, as PSPP Holdings expands into another continent. Mr. Wilcox stated that eSafe's General Manager David Dearman and International Business Director Serge Doh have left for a 3 week trip to the West African region for on site testing and program implementation.

Regarding the announcement, Mr. Wilcox stated, "The implementation of Africards has the ability to revolutionize virtual banking in the West African region. We are very excited to watch this program expand and develop."

About PSPP Holdings, Inc.

PSPP Holdings, Inc. (OTCBB: PSPJ), headquartered in Los Angeles, California, 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. PSPP Holdings provides the transaction-based business of electronic payments and related digital banking in two continents today: North America and Africa, utilizing MasterCard International and Visa, as well as local banks which enable settlement of funds in local currency.

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. Please refer to PSPP's reports and filings with the Securities and Exchange Commission for a further discussion of these risks and uncertainties.

Contact Information

  • Contact:
    Andrew Werner
    BZCOM Communications
    (800) 313-7912