HENDERSON, Nev., June 11, 2012 /PRNewswire/ -- PrepaYd, Inc. (OTC PINK: PPDC) announced today that it has signed a five year franchise development agreement with Franchise Development Group to create and market PrepaYd Wireless franchises. Last week PrepaYd Wireless opened a company owned "Full Service" Retail Kiosk in the Culver City Mall in Culver City, California. The results from the Culver City Mall operations will be incorporated into the PrepaYd Wireless franchise model.
This announcement follows the announcement last week that PrepaYd, Inc. was opening a Nevada office as a Marketing and Corporate Hub.
"Now the expansion and move to Nevada should make more sense to our shareholders. Not only do we plan to capitalize on picking wisely from the 4,000 plus conventions a year that are in Las Vegas and to offer all our PrepaYd products, we also intend to make Nevada the hub of our PrepaYd Wireless Franchise operations too." - Stated Bruce Berman CEO of PrepaYd, Inc.
FDG was retained for a 5 year period to work with PrepaYd Wireless through every phase of the franchise process including all the legal requirements which FDG helps PrepaYd meet, documentation of the PrepaYd Wireless franchise business model with operations and marketing manuals so that PrepaYd Wireless business may be successfully duplicated, marketing of PrepaYd Wireless business opportunities to potential buyers and the follow through to franchisee sales. FDG gives PrepaYd the tools to grow and manage its franchise system with back office applications and customer contact marketing software.
As part of the contract FDG offers it will publish the PrepaYd Wireless franchise opportunity on their lead generation website www.franchisepipeline.com. They will also publish the PrepaYd Wireless franchise opportunity on other websites, in franchise publications, in their newsletter, recommend additional franchise websites, prepare a franchise opportunity brochure, prepare franchise information for our website, prepare a request for consideration form (application), follow-up on all leads and send out the Uniform Franchise Disclosure Document , assist us in developing our franchise opportunity website, assist us in placing ads in both internet and print media, assist us in identifying and contacting target markets, arrange interviews with qualified candidates and much more.
"I am really excited to have PrepaYd choose Franchise Development Group to help them expand their retail concept nationally. As a franchise consulting company, we know how attractive a low startup cost, low overhead business with a high ROI in an emerging market that has a first mover advantage is – and PrepaYd Wireless is all of that. With their solid management and support structure, we expect PrepaYd Wireless to be a highly desirable franchise opportunity and we are very optimistic about their rapid growth into new markets through franchising." - Stated Geoffrey Hassan, Principal of Franchise Development Group.
The company expects to staff the convention marketing office before the end of September 2012. Developing the franchise model and gaining necessary regulatory approvals can take 3 – 6 months. The company intends to be selling franchises in Q 4 of 2012. The company will need additional capital to accelerate its marketing plans.
About Franchise Development Group
Franchise Development Group "FDG" is a leader in providing a complete solution to businesses that are seeking to expand through franchising. With corporate offices in New York, FDG brings to its clients a national network of over 15 FDG Regional Development Offices to assist our clients on a local level. FDG is staffed with in house franchise attorneys, business and franchise brokers, financial advisors, marketing and advertising advisors, digital media experts and more -every franchise resource our clients need for successful duplication through franchising. FDG has franchised over 50 businesses in the past few years from food service and retail stores to B2B professional services and B2C service businesses.
For More Information on Franchise Marketing Group contact Geoffrey Hassan
California Regional Offices
Franchise Development Group
Anaheim, CA and
Santa Barbara, CA
About PrepaYd Wireless
PrepaYd Wireless, Inc. provides the postpaid experience without the contract, and is a a new leading provider for No Contract Wireless Service with Unlimited Plans starting at $35 per month. Since the companies official launch in December 2011, the company has expanded its distribution through independent retail locations and by offering service plans that include Nationwide Coverage in all 50 states and Puerto Rico and by including all sales, telecom and usage taxes. For more information about PrepaYd Wireless, Inc. visit www.PrepaYdWireless.com
Contact PrepaYd Wireless
949 553-9044 ext. 225
About PrepaYd, Inc.
PrepaYd, Inc. is a provider of financial services in the prepaid debit card industry. The company, through one of 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. PrepaYd Wireless, Inc. another wholly owned subsidiary of PrepaYd, Inc is a Wireless Service Provider that offers mobile services to an estimated 110 million consumer demographic. Prepaid Wireless offers subscribers competitively-priced wireless service with its Y PAY MORE initiative and is an alternative to the traditional Postpaid Wireless Service Plans provided by major carriers. In addition, PrepaYd Wireless intends to make all of its available phones and wireless plans compatible for mobile financial services.
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.
SOURCE PrepaYd, Inc.