ProdecoTech Announces Its New 2015 E-Bike Models

FORT LAUDERDALE, Fla., Dec. 18, 2014 /PRNewswire/ -- Prodeco Holdings, LLC ("ProdecoTech") today announced its new Built in the USA 2015 e-bike models.  According to Robert Provost, CEO of ProdecoTech, "We are exceptionally proud of our new line of e-bikes, which we believe are the highest quality in the industry and best in class."

The new 2015 models are completely redesigned and incorporate the following:

• 9 new models to choose from, including "low bar" frames and a 4" tire, 9-speed "fat bike."
• New higher power 600 Watt motor systems.
• A new, innovative "down tube" battery system that incorporates Samsung's highest grade INR18650-29E cells (the same cells used in Tesla's Model X). The new battery system's placement on the bike creates a low center of gravity and leaves the back of the bike unencumbered. The battery system has an industry best IP65 water resistant rating, is easy to remove and comes with a built-in USB 5V charging port.
• In addition to Samsung, the new models incorporate the highest quality components from some of the best known brand names in the industry, including: Continental, RockShox, and SRAM. The new models include SRAM's latest Hydraulic 2 Piston and 4 Piston Disc Brake Systems,
• All new models are delivered fully assembled and include free shipping across the Continental USA.
• Pricing starts at $1,999.
• ProdecoTech's new models can be seen here: www.prodecotech.com.

According to Ed Cespedes, CEO of PayMeOn, Inc. (OTCQB: PAYM), "ProdecoTech's new e-bikes are amazing.  Obviously made of the highest quality and beautiful looking, they incorporate substantial power and are easy and fun to ride.  ProdecoTech's team continues to deliver."

PayMeOn, Inc. recently entered into a Letter of Intent to acquire the remaining portion of Prodeco Technologies, LLC that it doesn't already own.  Prodeco Technologies, LLC manufactures high quality electric bikes at its manufacturing facility in Fort Lauderdale Park, Florida.

Disclaimers

This press release includes management assumptions about our business prospects, financial forecasts, projections and other forward looking statements regarding PayMeOn, Inc. its business, prospects and potential transactions it is considering.  This forward-looking information is based on management assumptions and expectations which, while considered reasonable by PayMeOn management as of the date of this press release, are subject to risks (including risks that transactions contemplated in this press release may not be consummated or that terms of transactions contemplated in this document may change), uncertainties, and other factors that may cause actual results and performance to materially differ from results or performance expressed or implied by the forward looking statements. In addition, PayMeOn makes no representations regarding the accuracy of information contained in third party websites or publications mentioned in this press release, including reference to Tesla Motors' use of Samsung battery cells, which can be found here:  http://insideevs.com/samsung-sdi-beats-out-lg-chem-in-bid-to-sign-battery-deal-with-tesla-motors-for-model-s-and-model-x/.

A description of risk factors relating to PayMeOn, Inc. can be found in our Annual Report on Form 10-K for the year ended December 31, 2013, filed with the Securities and Exchange Commission ("SEC"), and in our other filings with the SEC, which are available at www.sec.gov. PayMeOn, Inc. undertakes no obligation to publicly revise the forward-looking statements presented, except as required by law.  This document is not intended to solicit any investment.  Potential investors in PayMeOn should review PayMeOn's public filings prior to any investment.

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SOURCE PayMeOn, Inc.

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