ChexCard(R), Inc. Joins Green Dot(R) Financial Network - Adds Thousands of Load Locations.FORT WORTH, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. -- PayPro, Inc. (Pink Sheets: "PYPR") announced today that ChexCard, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of PayPro, Inc., has executed an agreement with Next Estate Communications, Inc. enabling ChexCard's prepaid cards to be loaded at Next Estate's Green Dot Financial Network retail locations. CHEXCARD(R) can now be loaded at major retail locations including: Rite Aid Rite Aid (NYSE: RAD) is a United States retailer and pharmacy chain, operating over 5,000 stores in 31 states and the District of Columbia. Rite Aid Corporation is one of the nation's leading drugstore chains. , CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. , Walgreens, RadioShack, and many other retailers nationwide. Mike Terrell, C.E.O of PayPro said today, "The Green Dot Financial Network gives us a tremendous asset with loading centers in some of the biggest national retailers. The number one benefit this program brings is to make us more competitive in going after new accounts. The ability to tell a prospective new customer that our card program can be loaded at these established and popular retail outlets is a big advantage for us in getting new business." The Green Dot Financial Network, with over 13,000 locations nationwide, provides cash acceptance services including prepaid card reloading Reloading A term lenders commonly use to refer to the habits of borrowers taking out loans to repay the balance on other loans. Often reloading is done to take advantage of lower interest rates offered by other loans, and potential tax benefits. and remittance cash collection. For further information now on PayPro, Inc. please visit their web site at www.mybankcard.com. About PayPro, Inc. The Company's stored value debit cards debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. are sold under the brand names CHEXCARD(R) and MYBANKCARD to businesses, governmental agencies and individuals. The MyBankCard and CHEXCARD(R) products are revolutionary new ways to handle your financial independence. It is not a credit card - no interest to pay, no payments to make and no approval requirements. They are VISA and Mastercard Bankcard products with no bank account necessary, and no credit checks required. This press release contains "forward-looking" statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and is subject to the safe harbors Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in PayPro, Inc. reports that will be on file with the US Securities and Exchange Commission. |
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