July 14, 2011 09:20 AM Eastern Daylight Time
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--PrepaYd Wireless, Inc. a wholly owned subsidiary of PrepaYd Inc. (PPDC:PK) announced today that on June 30, 2011 PrepaYd Wireless, Inc. received its International Telecommunications Certificate from the Federal Communications Commission.
“The International 214 License allows PrepaYd Wireless to offer subscribers the ability to make international calls and texting through our network without the subscriber needing to purchase additional calling cards”
“The International 214 License allows PrepaYd Wireless to offer subscribers the ability to make international calls and texting through our network without the subscriber needing to purchase additional calling cards,” stated Josh Berman, Vice President of PrepaYd Wireless.
All telecommunications providers seeking to provide common carrier communications services between the United States and a foreign point must request authorization from the Federal Communications Commission.
Prior to receiving The International Telecommunications Certificate PrepaYd Wireless on June 21, 2011 was registered with the Universal Service Administration Company (USAC) as an interstate telecommunications services provider.
About PrepaYd Wireless, Inc.
PrepaYd Wireless, Inc. is a Mobile Virtual Network Operator (MVNO) that intends to begin offering Mobile Phones and Wireless Services in September or October 2011. Prepaid Wireless Services is an alternative to the traditional Postpaid Wireless Service Plans provided by major carriers. Prepaid Wireless Services include voice, data, and SMS services to consumers on a non-contract basis. PrepaYd Wireless intends to offer phones that will be enabled for using Mobile Financial Service applications for mobile banking and mobile payments. Recent developments of mobile wallets let consumers use Mobile Devices to make contactless NFC Payments at thousands of participating locations.
For more information about PrepaYd Wireless, Inc. visit www.PrepaYdWireless.com.
About PrepaYd, Inc.
PrepaYd, Inc. is a provider of financial services in the prepaid debit card industry. The company, through its wholly owned subsidiaries, offers prepaid debit cards to America's estimated 60 million underbanked citizens. In addition to the underbanked consumer demographic, small and mid-size businesses have found a much needed product with the company's Prepaid Business Expense Card Program. With the diminishing credit card markets, companies need a new way to fund employees' expenses other than through traditional credit cards or cash reimbursements.
For more information about PrepaYd, Inc. visit www.PrepaYdInc.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 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.
Contacts
PrepaYd Wireless, Inc.
Josh Berman, Vice President
949-271-2129
or
PrepaYd, Inc.
Nona Vahdat, Investor Relations
949-553-9044 ext. 222
Josh Berman, Vice President
949-271-2129
or
PrepaYd, Inc.
Nona Vahdat, Investor Relations
949-553-9044 ext. 222
