SOURCE: The SpendSmart Payments Company

The SpendSmart Payments Company

November 20, 2013 11:59 ET

The SpendSmart Payments Company Issues Letter to Shareholders

DES MOINES, IA--(Marketwired - Nov 20, 2013) - The SpendSmart Payments Company (OTCQB: SSPC), a provider of prepaid payment programs, announced today it has issued a Letter to Shareholders.

Highlights of the letter include:

  • The SpendSmart Payments Company's pending acquisition of SMS Masterminds is part of the Company's broader strategy to expand its marketing and payments solutions beyond its prepaid card infrastructure, with emerging electronic and mobile marketing and payment solutions for merchants and their customers

  • The Company is expanding its revenue lines by offering prepaid card program manager services and platform and has recently signed a letter of intent with a new customer for these services

  • The SpendSmart Payments Company enjoys an ongoing relationship with MasterCard® which presented the SpendSmart™ MasterCard® Prepaid Card as an example of how MasterCard® is expanding its reach to new customer segments at their Investment Community Meeting in New York

  • A number of key marketing partnerships were signed to support the promotion of financial literacy, brand awareness, and card acquisition for the SpendSmart™ MasterCard® Teen Prepaid Card including the Girl Scouts Hornets' Nest Council and DECA, a high school and college campus-based organization

  • The SpendSmart™ MasterCard® Prepaid Card has been covered in major media outlets including the New York Times, Entertainment Tonight and on the Today Show

  • The Company has enhanced corporate management by implementing processes that have improved quality, service, operations, compliance, and functionality of our products as well as operational and cost efficiencies

To read the Letter to Shareholders in full, please visit: http://www.sec.gov/Archives/edgar/data/1062273/000114420413063259/v361096_ex99-1.htm

For more information, please visit: www.spendsmartcard.com

About The SpendSmart Payments Company
The SpendSmart Payments Company, Inc. (OTCQB: 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 providing SpendSmart Program Manager services to third-party card issuers. 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 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 www.spendsmartcard.com.

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.

Contact Information

  • Investor Relations Inquiries:
    Laurel Moody
    646.810.0608
    Corporate Profile, LLC