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Latest Praxell News
Nov 20, 2014
SOURCE: Advanced Content Services, Inc. November 20, 2014 15:18 ET Advanced Content Services, Inc.'s SchoolFuel™ Teams With Praxell, Inc. to Simplify Scrip Programs Nationwide LAS VEGAS, NV--(Marketwired - Nov 20, 2014) - Advanced Content Services, Inc. , ( OTC : ADCS ), a Holding company focused in electronic payment services and solutions, is pleased to announce that SchoolFuel™, an innovative fundraising tool and flagship program for subsidiary New Wave Prepaid Solutions, Inc., has partnered with Praxell, Inc. to implement and launch a prepaid card program by Q1 2015. Praxell is a leading stored value technology enabler, providing prepaid debit card services. The firm has over 14 years of experience building and managing successful prepaid card programs, with proprietary systems that make program management simple on the frontend and robust on the backend. SchoolFuel™ founders, Mark B. Newbauer and Steve Devine have been working with Praxell this year in preparation for program implementation of a charitable fundraising card to benefit schools, universities and churches throughout the U.S., with plans to expand internationally after a 3-year domestic run with the program. The program will use a patent pending process to revolutionize school fundraising. The teams expect a hard card to be launched later this year toward the potential for immediate revenue streams thereafter. SchoolFuel™, on behalf of New Wave Prepaid Solutions (ADCS), will work to grass roots market the card via independent contractors, directly to PTAs, schools and school districts, to start, alongside social media and community events marketing to gain targeted exposure for the revolutionary tool which aims to simplify Scrip programs nationwide for retailers, schools and consumers alike. About Advanced Content Services, Inc. / SchoolFuel™ Advanced Content Services is a Holding Company focused in electronic payment services and solutions. It's wholly owned subsidiary is in development of flagship products which include SchoolFuel™, a revolutionary fundraising platform for schools and universities built into a convenient, easy-to-use general-purpose reloadable debit card. The company strives to be a leading contender in the issuance of prepaid solutions and services that are both highly marketable and with socially conscious profitability. About Praxell, Inc. Praxell has been managing Prepaid Debit Card Programs for more than 14 years, and is a leading SAAS technology platform that supports the rapidly growing Bank 2.0 generation. Praxell will develop and enable full-featured prepaid debit card programs for a myriad of established brick and mortar retailers, marketers, employers and financial institutions. Praxell's software, services and robust business rule engine allows their clients to rapidly and cost-effectively tailor a set of services and features to meet their specific needs. Praxell's platform is integrated with all credit, debit and ATM networks as well as payment processors, POS networks and retail systems around the world. Praxell is headquartered in New York City. Forward-Looking Statements Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward- looking statements to reflect events or circumstances after the date of this release. Contact Information
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Praxell Frequently Asked Questions (FAQ)
When was Praxell founded?
Praxell was founded in 1999.
Where is Praxell's headquarters?
Praxell's headquarters is located at 1270 Broadway, New York.
What is Praxell's latest funding round?
Praxell's latest funding round is Loan.
How much did Praxell raise?
Praxell raised a total of $4.25M.
Who are the investors of Praxell?
Investors of Praxell include Paycheck Protection Program, eXseed Venture Capital, GreenPoint Financial, CE Participations and OphirTech.
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