HENDERSON, Nev.--(BUSINESS WIRE)--3PEA International, Inc. (NASDAQ: TPNL), a vertically integrated provider of innovative prepaid card programs and processing services for corporate, consumer and government applications, announced that it will be changing its corporate name to Paysign, Inc. The new corporate name has been chosen to align the Company with its Paysign brand of prepaid card and virtual payment solutions.
In addition to the new corporate name, the Company will be changing its ticker symbol on NASDAQ to “PAYS”. The Company will announce the date upon which the name change and new ticker symbol will become effective. Until that date, the Company’s stock will continue to trade under the existing “TPNL” ticker symbol.
The adoption of the Paysign, Inc. name underscores the strategic efforts to position the Company as a leader in innovative payment solutions for corporations, consumers and the public sector. Paysign’s customizable prepaid solutions offer significant cost savings, while improving brand recognition and customer loyalty.
“Paysign clearly reflects the identity, vision and direction of our business,” said Mark Newcomer, Chief Executive Officer, 3PEA International. “As we continue to align and refine the Company’s business focus and strategy, the Paysign name better enables us to clearly convey the value proposition of our brand portfolio. The name embodies our mission of changing the way corporations reward, motivate, and engage their current and potential customers, employees and agents.”
“Our entire Company is energized to move forward as a uniquely positioned brand with the competency, vision and execution that helps our customers address today’s fast-changing needs,” said Dan Henry, Chairman, 3PEA International. “Paysign validates the Company’s customer-focused value proposition, industry-leading platform and long-term growth trajectory.”
“The evolution of 3PEA to Paysign reflects the expansion and scale of the business as we continue to grow,” added Newcomer. “The Paysign brand is a reflection of our commitment to providing the most trusted, innovative, cost effective, customizable payment solutions to our corporate customers and cardholders alike. PaySign has a rich history and reputation and it is important to us that our new name celebrate both.”
About 3PEA International
3PEA International (NASDAQ: TPNL), is an experienced and trusted prepaid debit card payment solutions provider as well as an integrated payment processor that has managed millions of prepaid debit cards in its portfolio. Through its Paysign brand, 3PEA conceptualizes, develops and manages payment solutions, prepaid card programs, and customized payment services. 3PEA's corporate incentive prepaid cards are changing the way corporations reward, motivate, and engage their current and potential customers, employees, and agents. 3PEA's customizable prepaid solutions offer significant cost savings while improving brand recognition and customer loyalty. 3PEA's customers include healthcare companies, major pharmaceutical companies, large multinationals, prestigious universities, and social media companies. Paysign is a registered trademark of 3PEA Technologies, Inc. in the United States and other countries. For more information visit us at https://3pea.com/ or follow us on Linkedin, Twitter and Facebook.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. There is no assurance that such statements will prove to be accurate, and actual results and future events could differ materially. 3PEA undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.