Bank Freedom Prepaid Debit Card Launched With Zero Activation Fee 100% Guaranteed Approval(1) No Monthly Fee And Free Direct Deposit
No Bank Check No Credit Check No Job No Problem
Bank Freedom Offers "A Card For Everyone"(TM)
IRVINE, Calif.--(Business Wire)--
Bank Freedom announced today that it has launched its Bank Freedom
Prepaid Debit Card on its website www.BankFreedom.com. Berman
Marketing Group, Inc. a wholly owned subsidiary of Berman Holdings,
Inc., (Pink Sheets:BRMN), will be marketing the card for Bank Freedom.
The Bank Freedom Prepaid Debit Card, A Card For Everyone (R) is a
personalized, reusable prepaid debit card for America's unbanked and
underbanked population. The company states that (1) subject to
verification of ID the prepaid debit cards will be offered to
America's estimated 40-80 million unbanked and underbanked consumers
with a 100% Guaranteed Approval policy. The company believes it is
setting the industry standards for affordable financial options for
the underbanked by offering it's prepaid debit card with no activation
fee, no signature use fee, free direct deposit and no monthly fee if
you direct deposit $500 a month or more.
Bank Freedom founder Bruce Berman stated, "I understand America's
unbanked and underbanked consumer because I have been underbanked
twice in my life. First in my early 20's and again when I was 30. I am
50 now but I painfully remember what it was like to have to cash my
pay checks at check cashing services, pay my bills with money orders
and make all my purchases with cash. Even though I had a job I
couldn't rent a car, make reservations, travel or make certain
purchases. Now that was a long time ago, before the advent of the
Internet even. In fact the Internet doesn't take cash. It's even
tougher now to live a normal life if you're underbanked than it was
20-30 years ago. The Internet doesn't take cash and with the Bank
Freedom Prepaid Debit Card you can now make those online purchases
too."
The Bank Freedom Prepaid Debit Cards are a perfect solution for
America's estimated 40-80 million unbanked and underbanked consumers.
The prepaid debit cards become a virtual bank account and a plastic
purchase card. You can either deposit cash onto your prepaid card at
one of 40,000 retail locations near you or have your paycheck directly
deposited onto the prepaid card for free. Once money is deposited on
your Bank Freedom Prepaid Card you can make purchases for goods and
services at millions of locations worldwide and use your card at over
1,000,000 ATM's worldwide. The Bank Freedom Card has a zero activation
fee with no strings attached and if you direct deposit $500 or more on
your card per month there is no monthly fee. When you swipe your card
and sign the receipt or enter it on the Internet there is no fee. For
full terms and conditions visit www.BankFreedom.com.
Bank Freedom founder Bruce Berman continued, "When we put together
the Bank Freedom card program we not only wanted to offer a truly
unique and versatile card program but one that sets industry pricing
standards. The under banked and unbanked American has been paying
exorbitant fees to check cashing centers and other money service
providers. Our Bank Freedom prepaid debit card program puts an end to
that. I believe our Zero Activation Fee with no strings attached will
become an industry standard. With our Bank Freedom Prepaid Debit Card
there is no more need for any American to pay one cent to cash their
paychecks. It's time to stop taking advantage of America's underbanked
population and that is what Bank Freedom is all about."
About Bank Freedom
Bank Freedom has recently entered the prepaid card industry.
According to market data available there are between 40 and 80 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 under banked market. The emerging pre paid card
solutions offered by Bank Freedom can act as a virtual bank account,
card account and payment solution for those people who do not use
banks or credit cards. For the under banked the evolution taking place
with pre paid debit cards can replace their reliance on check cashing
centers, money orders, and the inability to buy certain products that
require a major credit card.
www.BankFreedom.com
About the Berman Marketing Group, Inc.
The Berman Marketing Group, Inc. was formed by Bruce Berman and is
a multi-channel direct market firm specializing in direct response
marketing through Television, Radio, Internet and Print mediums. Prior
to forming the Berman Marketing Group Inc., Bruce A. Berman has been
marketing a variety of his own products using these mediums.
Berman Holdings, Inc. is a publicly traded holding company that's
current holdings consist of 100% interest in the Berman Marketing
Group, Inc. Berman Holdings Inc. also recently announced it entered
into a letter of intent to acquire Bank Freedom. Specific terms of the
acquisition were not made available however Berman Holdings, Inc.
recently announced it has as obtained shareholder approval to go
forward with the acquisition.
Certain statements contained in the above, are forward-looking
statements that involve risks and uncertainties. The statements
contained herein that are not purely historical are forward-looking
statements 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. Forward-looking statements deal with the Company's
current plans, intentions, beliefs and expectations and statements of
future economic performance. Forward-looking statements involve known
and unknown risks and uncertainties that may cause the Company's
actual results in future periods to differ materially from what is
currently anticipated. The Company cannot guarantee its future
results, levels of activity, performance or achievements.
For further information contact Ryan Guenthart at 877-237-6260
ext. 110 or visit the Company website at www.BankFreedom.com.
For Bank Freedom:
Berman Marketing Group and Berman Holdings
Ryan Guenthart, 877-237-6260, ext. 110
www.BankFreedom.com
Copyright Business Wire 2008
