Prepaid Card Holdings, Inc. Will Not Pursue Proposed Stock Reversal

LAS VEGAS--(AllPayNews.com)--Prepaid Card Holdings, Inc. (Pink Sheets: PPDC - News) January 2, 2008 announced today that it will not pursue the 1 for 10 share stock reversal it proposed on December 5th 2008. The company currently has 403,903,870 shares outstanding of which 4,128,209 are free trading and 399,775,661 are currently restricted.

Prepaid Card Holdings, Inc., through its wholly owned subsidiaries, offers emerging prepaid card solutions that can act as a card account and payment solution for those people who do not use banks or credit cards. According to market data available, there are approximately 100 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 underbanked or unbanked market. For the unbanked or underbanked, the evolution taking place with prepaid cards can replace their reliance on check cashing centers, money orders, and the inability to buy certain products that require a major credit card.

FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking 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, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties and the Company assumes no obligation to update any of the forward-looking statements in this release.

Contacts
Prepaid Card Holdings, Inc.
Bruce Berman, 877-237-6260 ext. 112
www.PrepaidCardHoldings.com