Merchant Processing International, Inc. Sells One of Its Merchant Account Portfolios

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Merchant Processing International Inc., a wholly owned subsidiary of Prepaid Card Holdings, Inc. (Pink Sheets: PPDC), today announced it closed the sale on October 30, 2009 of one of its merchant credit card processing account portfolios.

The company received an unsolicited offer for its TransFirst LLC merchant credit card processing portfolio. The company expects to net approximately $190,000 in cash after paying the company's agents their proportional percentages of the gross sale proceeds.

The company owns another credit card merchant portfolio which is not involved in this transaction and maintains the right to continue to place new merchant credit card processing accounts at TransFirst LLC as well as other organizations.

For further information contact Bruce Berman at 877-237-6260 ext. 128 or visit the Company website at www.PrepaidCardHoldings.com or www.BankMpi.com

Certain statements contained in the above, are forward-looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements deal with the Company's current plans, intentions, beliefs and expectations and statements of future economic performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from what is currently anticipated. The Company cannot guarantee its future results, levels of activity, performance or achievements.

Prepaid Card Holdings, Inc.
Bruce Berman, 877-237-6260 ext. 128