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Monday, August 27, 2001
BLACKSTONE NAMES JOHN MARSHALL PRESIDENT OF PREPAID SYSTEMS GROUP
Blackstone (www.blackstoneonline.com), one of the nation’s leading electronic providers of prepaid telecommunications products and services, today named John Marshall to the newly-created position of president of Blackstone’s Prepaid Systems Group, a wholly-owned subsidiary of Blackstone Communications. Bringing over 25 years of experience in the electronic payment industry, John was most recently senior vice president, office of the president, for Hypercom (NYSE: HYC – www.hypercom.com), a leading global provider of electronic payment solutions that add value at the point-of-sale for consumers, merchants and acquirers. In his new position, John will be responsible for the overall direction, coordination and evaluation of the Prepaid Systems Group, including the day-to-day operations, sales & marketing, and long term strategic planning. According to John, "The opportunity that Blackstone has to quickly bring two large, but separate industries together (prepaid calling cards and credit cards) and better serve the merchant, is a "once in a lifetime opportunity". I am very happy to be a part of the Blackstone team.” The Blackstone POS terminal, utilizing the Hypercom ICE 5500, is revolutionizing the electronic transaction industry. By integrating the processing of all major credit cards (MasterCard, Visa, American Express, Discover Card and Diners Club), ATM/bank cards and EBT (electronic benefits transfer) with the sale of prepaid cellular and prepaid calling cards into one, easy-to-use POS terminal. Luis Arias, Blackstone’s president and chief executive officer adds, “For the last several months, I have been trying to entice John to join Blackstone. I am thrilled to have him on board and look forward to announcing our major successes in the coming weeks.” Blackstone has rapidly become one of the country’s largest providers of prepaid telecommunications products and services with over 300,000 retail locations nationwide. Established and headquartered in Miami, Florida since 1995, Blackstone is privately owned, and managed by a team of executives experienced in payment processing, networking, information services, oil & gas and prepaid telecommunications. Under their direction, Blackstone has developed ongoing distribution relationships with internationally recognized companies such as AT&T, VoiceStream, ADMA, Americatel, Cingular, Embratel, Hypercom, Qwest and Universal Savings Bank. Today, Blackstone is successfully merging two industries, prepaid telecommunications and electronic transactions, into one terminal to the benefit of merchants across the United States. Blackstone POS are trademarks of Blackstone Communications Co., US and foreign patents pending. Note to Editors: Photo available of John Marshall by calling Clare Morgan at 305-639-9590 ext. 326 or cmorgan@blackstoneonline.com