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Former Key Bank Executive Joins Prepaid Industry Leader Springbok Services, Inc.

Englewood, CO (PRWeb) January 5, 2007 -- "We are proud to announce that Sarah Grotta will join our team," Dwayne Jones, the President and Chairman of Springbok Services said. "This is a very special moment in time for our company. Sarah opened the door in 1998 for The Best Present MasterCard gift card and helped make it possible for us to be in the branded prepaid space. And now, to have her to join our team is about as good as it gets. We anticipate the impact on Springbok's growth will be substantial, as there are very few people in the prepaid industry with Sarah's proven depth of knowledge and experience."

Ms. Grotta brings over 15 years of banking and payments experience to Springbok Services. She is a pioneer in the prepaid debit card industry having developed an early-to-market payroll card in 1997 and implemented the first non-personalized gift cards in addition to other innovative card products. Sarah spent much of her career with KeyBank in an executive management role leading the payments organization that included card issuing, merchant acquiring, wholesale payroll processing, and agent bank activities.

"I have always believed in the value and convenience of prepaid products and the growth potential of the industry said Ms. Grotta. I am delighted to have this opportunity to work with Springbok co-founders Dwayne Jones and Taylor Ohlsen. They have distinguished their organization by being focused and innovative in the products they offer while maintaining a superior level of customer attention. This includes the launch of the card production and personalization facility which provides speed to market and a point of differentiation".

Anil D. Aggarwal, Chairman of the Network Branded Prepaid Card Association and CEO of Prepaid Media commented; "Sarah and I have worked together in the prepaid industry since 1999 and she has been a tremendously positive force in the overall development of the prepaid market. I am confident that in her new role she will be a great asset to Springbok as the branded prepaid card industry continues to grow."

In January of 2006, Springbok announced it had changed its name from The Best Present Company to Springbok Services. The name change was a precursor to the announcement in February that Springbok had completed development and certification as a prepaid MasterCard processor followed by a May announcement that it had met the MasterCard Physical Security Standards for Plastic Card Vendors and the MasterCard Logical Security Requirements for Card Personalization. On December 12, 2006, MasterCard Worldwide announced that Springbok was selected as the distributor for a newly launched online service through MasterCardGiftCard.com, which offers U.S. small businesses a simple and direct method for ordering and personalizing MasterCard-branded gift cards.

Springbok Services, Inc.
Established in 1998 as The Best Present Company, Springbok is a leading provider of prepaid MasterCard solutions. Springbok has a truly unique value proposition as the only "one stop shop" for prepaid services and is MasterCard certified for card processing and card personalization services including embossing, encoding and fulfillment. Springbok delivers "simplicity, speed and service" to more than 4,000 clients including over 100 of the Fortune 500. For more information on Springbok, please visit www.SpringbokServices.com.

PRESS CONTACTS:

For Springbok Services, Inc.:
Tim Birk
Executive Vice President, Sales and Marketing
303-397-4254

PrePaid Media, Inc.

Prepaid Media provides a host of business-to-business media and information services to numerous emerging industries. Areas of focus include the rapidly growing network branded prepaid and stored value card industry, and the consumer-driven health care (CDHC) industry. Prepaid Media's properties include Expo Properties - Prepaid Card Expo and co-located CDHC Expo, and Integrated Media Properties - PayBefore.com, Prepaid Card Report (PCR), and Prepaid Card Report Newsletter (PCR Newsletter). Prepaid Media also produces the Prepaid Buyers Guide, Prepaid Card Data, the Prepaid Card Awards, and the CDHC Awards.

As the various markets served by Prepaid Media continue to evolve, Prepaid Media serves as a trusted partner, providing compelling learning, buying and selling, and organized networking opportunities to key market participants. For more information on Prepaid Media, please visit: www.prepaidmedia.com.

PRESS CONTACT:

For Prepaid Media:
ego:east, inc.
Mark Hall,
786-281-7007

The Network Branded Prepaid Card Association

The Network Branded Prepaid Card Association (NBPCA) is a nonprofit inter-industry trade association that supports the growth and success of network branded prepaid cards and represents the common interests of the many players in this new and rapidly growing payments category. The NBPCA's working groups drive issues management and education objectives for the Associations Members. For additional information on the NBPCA, please visit: www.nbpca.com

All trademarks and registered marks are the properties of their respective owners.

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