Prepaid Card Holdings, Inc Subsidiary to Launch a Newly Branded Prepaid Debit Card with No Loading Fee, No Monthly Fee, No Card Issuance Fee and No Ac

LAS VEGAS--(BUSINESS WIRE)--Prepaid Card Holdings, Inc. (Pink Sheets:PPDC) announced today that it intends to offer through one of its subsidiaries a branded prepaid debit card with no money loading fees, no monthly fee, no card issuance fee and no card activation fee. These cards will be geared to America’s underbanked consumer who receives either a paycheck, benefit check, Social Security or other direct deposit instrument.

Some prepaid card companies charge up to $4.95 for a cardholder to deposit their own cash onto their prepaid card plus a monthly fee of $4.95 to $9.95 to use the card and a card activation fee up to $9.95. None of these fees will be charged on Prepaid Card Holdings, Inc.'s new card program. Instead customers will fund their card with some form of direct deposit. Not only does this save the aforementioned fees it also saves the cardholder time and money from having to use check cashing services.

Bruce Berman continued, "Our companies' business model and mission statement is about helping the estimated 100,000,000 underbanked Americans with an alternative low cost banking solution at a time when every penny counts to every American. Our pricing model is based on giving someone with limited financial choices a much needed product at a fair price. I don’t believe in charging more because a customer has very few options. Prepaid cards are in their infancy right now and a few years from now as this industry matures we will be known as the company that has always given the consumer a fair shake. I can look any of our cardholders in the eye and know we delivered them a much needed product at a fair price.”

About Prepaid Card Holdings, Inc.

Prepaid Card Holdings, Inc. through its wholly owned subsidiaries offers emerging prepaid card solutions that can act as a card account and payment solution for those people who do not use banks or credit cards. According to market data available, there are between 40 and 80 million people in the United States who don't have a bank account or who can't qualify for a credit card because their credit scores are too low. This is called the underbanked or unbanked market. For the unbanked or underbanked, the evolution taking place with prepaid cards can replace their reliance on check cashing centers, money orders, and the inability to buy certain products that require a major credit card.

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

FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties and the Company assumes no obligation to update any of the forward-looking statements in this release.

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