3PEA International, Inc. (OTCQB: TPNL) is a trusted prepaid
debit card solutions provider with millions of prepaid debit cards in its
portfolio. Through its PaySign® brand, the company designs and develops
customized payment services that offer significant cost savings to consumers
and streamline operations for businesses in an effort to improve brand
recognition and promote customer loyalty.
Delivering effective loyalty, incentive and rewards programs
that motivate and inspire consumer action is a specialty of 3PEA. Under the
PaySign® brand, businesses are provided with prepaid cards with their company
logo for purposes ranging from rebates to frequent customer rewards. For
clients, the benefits of branded rewards solutions can be dramatic. According
to a study by Experian, an impressive 75 percent of U.S. companies with loyalty
programs generate a return on investment.
The healthcare and pharmaceutical industry has provided 3PEA
with a strong proof of concept for its business model in recent years. The company’s
prepaid solutions have proven beneficial in maximizing new patient acquisition,
retention and adherence, and its specialized co-pay assistance payment
solutions have been utilized by some of the pharmaceutical industry’s biggest
players – including Pfizer, GlaxoSmithKline, and Johnson and Johnson – to
launch some of the world’s best-selling pharmaceuticals.
In the first quarter of 2015, 3PEA expanded its PaySign®
brand into the automotive market with PaySign Connect for Automobile
Dealerships. The company made an immediate impact in the sector, securing a
three year reseller agreement with the Dealer Automotive Group, LLC, which
named 3PEA as its exclusive prepaid incentive card solution to dealerships
nationwide. 3PEA also continued to grow its presence in the plasma donation
payments space, adding five new centers to its existing total of 78. As these
centers mature, the company expects to realize significant revenue from their
donor acquisition and retention efforts.
“We made several key advancements in the first quarter of
2015,” stated Arthur De Joya, Chief Financial Officer of 3PEA. “[T]he growth in
our PaySign Platform led to significantly higher gross margins when compared to
the year ago quarter. We expect this trend to continue as we add programs to
the platform.”
With continued increases in margin revenue from the
company’s new card programs, 3PEA realized a significant increase in gross
profit throughout the first quarter of 2015. Look for the company’s experienced
management team to continue guiding 3PEA’s growth through technology
investments, acquisitions, new product lines and strategic partnerships in the
years to come, providing shareholders with the opportunity to realize
substantial returns moving forward.
For more information, visit www.3pea.com
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