Thursday, February 07, 2002
BLACKSTONE ENGAGES BDO SEIDMAN, LLP
Blackstone (www.blackstoneonline.com), one of the nation’s leading electronic providers of prepaid telecommunications products and services, has engaged BDO Seidman, LLP, a leading provider of assurance, tax and business consulting services and the sixth largest public accounting firm in the world, to help provide a foundation for the growth Blackstone is currently experiencing.
According to Mike Acton, Blackstone’s general manager, “We felt it was an ideal time to use the services of one of the nation’s larger accounting firms, BDO, to insure our future plans. Our rapid expansion, due to the success of our patent pending Blackstone POS system, has resulted in exponential growth in an extremely short period of time. With BDO as our professional advisors, we will continue to expand with the ever-changing market conditions and be better prepared for the inevitability of a public offering in the future.”
BDO Seidman will be acting as Blackstone's trusted advisor, working together over the coming months, helping as Blackstone evolves from a successful, medium-sized company to the next level.
Blackstone has developed a truly innovative point-of-sale system utilizing customized applications and software supported on the Hypercom ICE 5500 point of sale platform. By successfully integrating the processing of all major credit cards (MasterCard, Visa, American Express & Discover Card) and ATM/Debit/EBT cards with the sale of prepaid products and bill payment services, into one, easy-to-use POS terminal, Blackstone POS, is revolutionizing the electronic transaction industry
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, information technologies, networking, retailing and prepaid telecommunications. Today, Blackstone is successfully merging two industries, prepaid telecommunications and electronic transactions, into one terminal to the benefit of both consumers and merchants across the United States.
About BDO Seidman, LLP
BDO Seidman, LLP is a leading assurance and tax consulting organization and a national professional services firm providing assurance, tax, financial advisory and consulting services to private and publicly traded businesses. For over 90 years, the firm has identified and provided innovative tax strategies and business solutions to enhance the wealth of its clients. BDO’s culture is driven by four guiding principles: Cooperation, Collaboration, Concentration and Communication. Collectively, these principles translate to service leadership and quality delivered through the hands-on involvement of experienced and committed professionals.
BDO Seidman serves clients through more than 100 locations throughout its US distribution network. As a member of BDO International, BDO Seidman leverages a global network of resources to serve clients abroad through more than 500 member firm offices in over 95 countries.
For more information on Blackstone’s products and services, call 1-800-639-9590 or visit www.blackstoneonline.com
Blackstone POS are trademarks of Blackstone Communications Co.; US and foreign patents pending.