UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): February 20, 2009
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(January 29, 2009)
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Prepaid Card Holdings, Inc.
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(Exact name of registrant as specified in its charter)
Nevada 000-53270 76-0222016
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(State or other (Commission File Number) (I. R. S. Employer
jurisdiction of Identification No.)
incorporation)
18500 Von Karman, Suite 530 Irvine, CA 92612
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(Address of principal executive offices) (Zip Code)
Issuer's telephone number, including area code 877-237-6260 x 110
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N/A
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
On January 29, 2009, Rick Galasieski was elected as a director of the Prepaid
Card Holdings, Inc. (the "Company"), and appointed Vice President and Corporate
Secretary of the Company. Mr. Galasieski became the Company's third board
member along with Bruce Berman and Robert Christiansen.
Rick Galasieski previously served as the Vice President of Internet Marketing
for Berman Marketing Group, Inc. In 2002 Mr. Galasieski founded Epic Results,
Inc., an interactive internet marketing firm specializing in driving keyword
targeted traffic to web properties, which he ran until joining the Company in
2007. In 2000 he co-founded EdgeFocus, Inc., which was acquired by Wireless
Logic Group, a leading supplier of Wi-Fi services to multi-dwelling units across
the placeSouthwestern United States. From 2000 to 2002, he served as their Vice
President of Operations and Strategic Development.
In 1998 Mr. Galasieski co-founded Broadband Digital Group, Inc. From 1998 to
2000, he was instrumental in growing this company from its inception to over 200
employees, which was acquired by Winfire, Inc., and grew to the number six
broadband company in the placecountry-regionUnited States at the time. The
company had over 50,000 active DSL subscribers and over 500,000 desktop software
clients when the subscriber base was sold off to the regional bell operating
companies. Mr. Galasieski received his BS in Marketing from
placePlaceNameArizona PlaceTypeState PlaceTypeUniversity.
ITEM 8.01 OTHER EVENTS
In connection with the above referenced election and appointment of Mr.
Galasieski, the Company issued the following press release:
Prepaid Card Holdings, Inc. (Pink Sheets: PPDC - News) February 5, 2009
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announced that Rick Galasieski was added to the Board Of Directors on January
29th 2009. Mr. Galasieski was also promoted to Vice President, Corporate
Secretary and Director. Mr. Galasieski becomes the third board member of the
company and joined the companies' two founders Bruce Berman and Robert
Christiansen on the board.
The slate of officers and directors of Prepaid Card Holdings, Inc are as
follows: Bruce Berman Chairman of The Board of Directors, CEO and President,
Robert Christansen Executive Vice President Of Business Development and
Director, and Rick Galasieski Vice President, Corporate Secretary and Director.
Rick Galasieski Vice President of Prepaid Card Holdings, Inc. stated, "I am
please to join the Prepaid Card Holdings, Inc. board of directors and I look
forward to contributing in their emergence as a leader in the prepaid card
industry."
Robert Christansen Executive Vice President of Prepaid Card Holdings, Inc.
stated, "We are very happy to have Mr. Galasieski join the Prepaid Card
Holdings' board. He brings a wealth of
experience and talent to our executive staff. We look forward to a long and
prosperous relationship."
Bruce Berman Chief Executive Officer of Prepaid Card Holdings, Inc. stated, "I
am thrilled to add Rick to the board of directors and see him accept an increase
of duties both corporately and operationally. I have worked side by side with
Rick and believe he is a tremendous asset to the company."
Prepaid Card Holdings, Inc., through its wholly owned subsidiaries, offers
emerging prepaid card solutions that can act as a card account and payment
solution for those people who do not use banks or credit cards. According to
market data available, there are approximately 100 million people in the United
States who don't have a bank account or who can't qualify for a credit card
because their credit scores are too low. This is called the underbanked or
unbanked market. For the unbanked or underbanked, the evolution taking place
with prepaid cards can replace their reliance on check cashing centers, money
orders, and the inability to buy certain products that require a major credit
card.
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
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PREPAID CARD HOLDINGS, INC.
(Registrant)
Dated: February 20, 2009 By: \s\ Bruce Berman
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Bruce Berman
Chief Executive Officer