CORRECTING and REPLACING PrepaYd Inc. to Expand into the Prepaid Wireless Phone Market as a Nationwide Wireless Service Pr

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Please remove the superscripted service mark symbol from the headline.

The corrected release reads:

PREPAYD INC. TO EXPAND INTO THE PREPAID WIRELESS PHONE MARKET AS A NATIONWIDE WIRELESS SERVICE PROVIDER AND HAS ACTIVATED ITS FIRST MOBILE DEVICE

PrepaYd, Inc. (PPDC:P.K.) which recently changed its name from Prepaid Card Holdings, Inc. for business expansion plans announced today it has expanded into the Prepaid Wireless Industry and intends to offer Mobile Devices and Prepaid Wireless services through its wholly owned subsidiary PrepaYd^SM Wireless, Inc.

“We began issuing Prepaid Debit Cards in February 2008 and exclusively focused on the now Hyper Growth General Purpose Reloadable Prepaid Debit Card market. We recognized early on, our target demographic using our prepaid debit cards tend to also use prepaid Mobile Phone Services. PrepaYd Wireless plans to launch by offering its existing and new PrepaYd Debit Cardholders Wireless services at discounted rates,” stated Rick Galasieski, Senior Vice President of PrepaYd Inc.

PrepaYd Wireless 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 include voice, data, and SMS services to consumers on a non-contract basis. PrepaYd Wireless activated its first Mobile Device powered by the Google Android Operating System. The Android Market lets consumers download thousands of mobile apps including Mobile Banking and Mobile Payment applications. 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.

“The development of mobile wallet applications such as the Google Wallet turns mobile devices into financial instruments for making purchases without the presence of a prepaid, credit, or debit card. There is a much larger picture here than just offering prepaid wireless services. Our long term plan is for our mobile phones to become virtual mobile wallets earning us multiple revenue streams,” stated Josh Berman, Vice President of PrepaYd Wireless.

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^SM, Inc. visit www.PrepaYdInc.com.

About PrepaYd Wireless

PrepaYd Wireless, Inc. is a Wireless Service Provider that intends to offer mobile services to an estimated 110 million consumer demographic. Prepaid Wireless Services 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, Wireless Inc. visit www.PrepaYdWireless.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.

PrepaYd Wireless, Inc.

CONTACT:

PrepaYd, Inc.
Matthew Brewer
Investor Relations Manger
949-553-9044 ext. 232
or
PrepaYd Wireless
Josh Berman, Vice President
949-250-9556 ext. 119
Josh@PrepaYdWireless.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:   Technology  Telecommunications  Mobile/Wireless  Professional Services  Banking  Finance

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