Tuesday, March 20, 2007
BLACKSTONE ANNOUNCES IPREPAY, INC. ACQUISITION
MIAMI, FL –March 13, 2007---Blackstone announces its acquisition of the assets of iPrepay Inc., a leading reseller of prepaid products and services. The Blackstone acquisition of iPrepay calls for Blackstone to service all iPrepay locations, leveraging Blackstone Proprietary Platform under its current patent and also under its new patent U.S. Patent No. 7, 181, 416 issued on February 20, 2007.
"Blackstone is delighted to commence this rollout to iPrepay retailers, a leader in the telecommunications industry. It is exciting to offer their customer base convenient, personalized prepaid products and services utilizing Blackstone’s proprietary technology. Our platform and functionality enables us up to create the standard for technology and leadership in the prepaid marketplace. This will expand and widen our electronic footprint within the U.S., ” said Luis Arias, CEO, Blackstone.
The acquisition will expand the products and services offered by iPrepay, Inc. to include the entire Blackstone suite of patented technologies. Issa Asad, President., XChange Communications, will sign a national distribution agreement to market all of Blackstone’s products and services to retail locations.
"Blackstone is the perfect solution for our distribution model, which is based on having locations and powerful products to drive revenue and traffic. Adding Blackstone products and technology with iPrepay’s distribution platform will close the gap with our current market and ensure a competitive edge,” said Asad.
Established in 1995, Blackstone has successfully managed to bring a complete end-to-end prepaid program to all retailers regardless of their size, through various electronic Point-of-Sale solutions and physical distribution. Blackstone's product line portfolio includes an assortment of brand-name phone cards, wireless recharge cards, mobile content products, prepaid handsets, bill payment processing, credit & debit card merchant services processing, gift cards/store value card reloads, web services and international hosting solutions. For more information, please visit our website at www.blackstoneonline.com or contact us at 1-800-639-9590.