FiCentive, Inc. Signs Partnership Agreement with
ANTONIO--(BUSINESS WIRE)--FiCentive (NASDAQ OTCBB: PYDS -
News), a leading provider of turn-key prepaid card
solutions, announced today that it has entered into a
partnership agreement with Redpack, a leader in package and
mail delivery in Mexico and world-wide.
Under the agreement, FiCentive will create Redpack branded
cards that will offer US-based clients reloadable cards that
will have the ability to fund their own cards and those of
family members that are also FiCentive cardholders.
FiCentive offers a suite of full-service prepaid debit card
solutions to merchants, financial institutions, and the
growing segment of underbanked and the unbanked community of
consumers. By offering Redpack branded Mi Promesa
prepaid cards, FiCentive will leverage the very strong brand
of Redpack to provide clients with a highly adaptable and
flexible tool to achieve their financial objectives.
Ms. Sonia Bracamontes, Sales and Marketing Director of
Redpack said, We are very enthusiastic about this new
relationship with FiCentive and the Mi Promesa
card. This card program is designed to be of great value to
the underserved market of the unbanked and underbanked
Mexican community in the United States. We believe the
Redpack brand is well known and is trusted within this
community and will therefore add significant credibility to
Louis Hoch, CEO of FiCentive said, "We are very proud and
excited to be able to announce this partnership. Redpack is
a highly recognized brand among the Mexican citizenship and
the Mexican-American community in general. We believe the
agreement will bring value to Redpack and to FiCentive as
well as the community to which the cards are targeted. We
will be providing more information as we continue
development and roll-out of the program that is targeted
initially for the 4th quarter of this year.
Redpack is a 100% Mexican company founded in 1991.
Concerned by the growing demand for reliable service for
courier delivery throughout the country, a group of
entrepreneurs had the vision to unify communication locally
operating in major cities and towns that did not have easy
access to package and mail delivery services. In 1997
Redpack already covered the entire Mexican Republic and had
offices in major cities.
In 2002, Redpack USA was founded with 100% Mexican capital
in order to service the U.S. market as a tool for the import
of purchases made online.
Today, Redpack is one of the largest networks in the country
that connects more than 850 domestic destinations. Through a
reciprocal agreement with TNT, a global express package
services company Redpack has access to 210 countries
worldwide. Redpack currently has a total of over 320
outlets, a fleet of more than one thousand vehicles and 1300
employees nationwide. In 2008, Redpack handled approximately
Redpack is a company focused on the environment and social
concerns, which is why it launched its program "CO2 Free" in
2008 which seeks to increase efficiency and reduce fuel
consumption within its fleet, contributing to improvement in
environmental quality. Additionally Redpack is actively
working with the foundation "Un Kilo de Ayuda" ferrying aid
to thousands of malnourished children in Mexico.
About FiCentive, Inc.
FiCentive, Inc. is a turn-key prepaid card solutions
provider that quickly and securely delivers customized
prepaid card programs for corporations, financial
institutions, affinity groups or any organization that needs
to deliver a financial incentive to their customers,
vendors, or employees.
FiCentive is well positioned to capture its share of the
global prepaid market that is estimated to be more than 6.5
For more information about FiCentive, please visit
www.ficentive.com or email email@example.com.
FiCentive is a wholly owned subsidiary of Payment Data
For additional information, visit www.paymentdata.com.
Contact Michael Long for Investor Relations information at
210-249-4040 or email at firstname.lastname@example.org.
FORWARD-LOOKING STATEMENTS DISCLAIMER
This document contains forward-looking statements that
involve risks and uncertainties. You should not place undue
reliance on these forward-looking statements. Our actual
results could differ materially from those anticipated in
the forward-looking statements for many reasons, including
the risks described in our annual report on Form 10-K and
other reports we file with the Securities and Exchange
Commission. Although we believe the expectations reflected
in the forward-looking statements are reasonable, they
relate only to events as of the date on which the statements
are made. We do not intend to update any of the
forward-looking statements after the date of this report to
conform these statements to actual results or to changes in
our expectations, except as required by law.
FiCentive, Inc., San Antonio
Michael Long, 210-249-4040