SOURCE: The SpendSmart Payments Company

The SpendSmart Payments Company

October 10, 2013 07:00 ET

SpendSmart Signs Marketing & Financial Education Agreement With Girl Scouts Hornets' Nest Council

Agreement to Serve as Model for Collaborations With Other Girl Scouts Organizations

DES MOINES, IA--(Marketwired - Oct 10, 2013) - The SpendSmart Payments Company (PINKSHEETS: SSPC), a provider of prepaid payment programs, announced today it has signed a marketing agreement with the Girl Scouts Hornets' Nest Council of Charlotte, North Carolina, a chapter of the Girl Scouts of the USA. In accordance with the agreement, SpendSmart and Girl Scouts Hornets' Nest Council will provide a financial literacy education program and information to Girl Scouts parents on the SpendSmart™ Prepaid MasterCard®, the award winning teen responsible spending prepaid card solution.

Girl Scouts Hornets' Nest Council serves over 16,000 girls throughout an eight-county footprint in North and South Carolina. Today, there are 3.2 million Girl Scouts worldwide, with 2.3 million girl members and 890,000 adult members working primarily as volunteers.

Katherine Lambert, Executive Vice President of the Girl Scouts Hornets' Nest Council stated, "SpendSmart's message of financial literacy and responsibility is very much in line with the ideals the Girl Scouts promote. We are partnering with SpendSmart to develop this innovative and dynamic program that will truly benefit the girls as they learn about managing finances. Parents will also have the opportunity to sign the girls up for and use the SpendSmart Prepaid MasterCard, which offers transaction text alerts/emails to parents, transaction history, and friends and family loads to the card as a way to create lessons around spending responsibly and managing their finances. We are pleased to work with SpendSmart on this important mission."

"We are delighted to work with and support the Girl Scouts. This experience with the exceptional team at Girl Scouts Hornets' Nest Council of North Carolina will serve as a model for us to expand to other Girl Scouts councils across the U.S. that are interested in conducting financial literacy programs and leveraging the financial responsibility learning benefits featured as part of the SpendSmart mobile app, website and prepaid MasterCard. We will also look to expand our Real Talk series to present learning videos to the Girl Scouts and our cardholders," stated Bill Hernandez, President of The SpendSmart Payments Company.

About Girl Scouts
Girl Scouting was founded in 1912 by Juliette Gordon Low in Savannah, Georgia. She understood that giving girls the tools they needed to become self-reliant would benefit them most in the long run. She never wavered in her conviction that believing in yourself, and in your ability to think and make decisions in your own best-interest, was the underpinning of real success, and real happiness.

Girl Scouts Hornets' Nest Council received its first charter from Girl Scouts of the USA in 1935. Today, the council serves more than 16,500 with over 6,500 volunteers in eight counties in North and South Carolina: Anson, Cabarrus, Mecklenburg, Montgomery, Rowan, Stanly, Union and York (SC).

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About The SpendSmart Payments Company
The SpendSmart Payments Company, Inc. (PINKSHEETS: SSPC) is making money smarter. The Company is expanding its prepaid debit card services from issuing its own cards to select user demographic segments, to the providing SpendSmart Program Manager services to third-party card programs. The Company's primary product, the SpendSmart Prepaid MasterCard for teens, offers resources to families with teens who want to learn responsible spending habits. The SpendSmart card provides its users with modern methods of developing financial literacy, centered around a card solution for parents who aim to guide their teens in making sensible, economic choices. The card, mobile app and website helps open the lines of communication between parent and teen by tracking spending in real time and, ultimately, creates teachable moments around smart spending habits. For more information, please explore

Safe Harbor Statement
Certain statements contained in this press release are "forward-looking statements" within the meaning of federal securities laws, including, without limitation, anything relating or referring to future financial results and planned business activities. Such statements are inherently subject to risks and uncertainties, which include, without limitation, those in Company reports filed with the SEC. The Company can give no assurance that such expectations will prove correct. Future events and actual results could differ materially from those statements.

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