Prepaid Card Holdings, Inc. Seeks Institutional Investment from Venture Capital Firms

Prepaid Card Holdings, Inc. Seeks Institutional Investment from Venture Capital Firms, Private... - Forbes.com:
Prepaid Card Holdings, Inc. (Pink Sheets: PPDC), announced today that after a ten month extensive due diligence and integration process, the company's operating subsidiary has successfully launched and is currently issuing and managing prepaid card programs on a Tier 1 processor. The operating subsidiary first began issuing prepaid debit cards in February 2008 on another processing platform. The company believes this successful launch on a Tier 1 processing platform is an important asset to the company's future and a condition precedent to its ability to attract an institutional investment in today's market.

'A prepaid debit card company must have a reliable institutional size processor if it wants to attract an institutional investment. We now issue prepaid cards on the same processor of a prepaid debit card company that stated to have received over $24,000,000 in funding, as well as another prepaid debit card company that stated to have received $7,000,000,' stated Bruce Berman, CEO of Prepaid Card Holdings, Inc.