3PEA International, Inc. (OTCQB: TPNL) is a trusted prepaid debit card solutions provider with millions of prepaid debit cards in its portfolio. Through its PaySign® brand, the company designs and develops customized payment services that offer significant cost savings to consumers and streamline operations for businesses in an effort to improve brand recognition and promote customer loyalty.
Delivering effective loyalty, incentive and rewards programs that motivate and inspire consumer action is a specialty of 3PEA. Under the PaySign® brand, businesses are provided with prepaid cards with their company logo for purposes ranging from rebates to frequent customer rewards. For clients, the benefits of branded rewards solutions can be dramatic. According to a study by Experian, an impressive 75 percent of U.S. companies with loyalty programs generate a return on investment.
The healthcare and pharmaceutical industry has provided 3PEA with a strong proof of concept for its business model in recent years. The company’s prepaid solutions have proven beneficial in maximizing new patient acquisition, retention and adherence, and its specialized co-pay assistance payment solutions have been utilized by some of the pharmaceutical industry’s biggest players – including Pfizer, GlaxoSmithKline, and Johnson and Johnson – to launch some of the world’s best-selling pharmaceuticals.
In the first quarter of 2015, 3PEA expanded its PaySign® brand into the automotive market with PaySign Connect for Automobile Dealerships. The company made an immediate impact in the sector, securing a three year reseller agreement with the Dealer Automotive Group, LLC, which named 3PEA as its exclusive prepaid incentive card solution to dealerships nationwide. 3PEA also continued to grow its presence in the plasma donation payments space, adding five new centers to its existing total of 78. As these centers mature, the company expects to realize significant revenue from their donor acquisition and retention efforts.
“We made several key advancements in the first quarter of 2015,” stated Arthur De Joya, Chief Financial Officer of 3PEA. “[T]he growth in our PaySign Platform led to significantly higher gross margins when compared to the year ago quarter. We expect this trend to continue as we add programs to the platform.”
With continued increases in margin revenue from the company’s new card programs, 3PEA realized a significant increase in gross profit throughout the first quarter of 2015. Look for the company’s experienced management team to continue guiding 3PEA’s growth through technology investments, acquisitions, new product lines and strategic partnerships in the years to come, providing shareholders with the opportunity to realize substantial returns moving forward.
For more information, visit www.3pea.com
