Life Prepaid was the leading prepaid platform and alternative content provider tapping into the explosive prepaid markets. In 2003, Prepaid products and services is currently a $40 billion with analysis’s expectations for market share to increase to $290 billion by 2006. LifePrepaid’s initial launch entitles “Life Prepaid’s Reality Series” is product and branding specific to high touch, highly converting consumer products such as prepaid dating, pharmaceuticals, gaming, travel, and much more.
Founded in October 2004, Life Prepaid, catered to those that which to expand their shopping options to online, phone, and mobile purchases without the need of a credit card, while maintaining their right to privacy. Not to mention the 28% of US consumers who do not own a credit card and the 57% of users that are in their upper 5% limit that cannot make an online or on phone purchase.
Our prepaid date card launched in Q4, 05 with Cellcards, Inc, a Coinstar company (NSDQ: CSTR.OQ) who acted as a master distributor in select c-store locations, nationwide, along with 9 other master distributors to include Exxon and Hess c-Store Chains. In our initial test markets, Life prepaid sold on average 22 cards per week, per location, growing at a 22% rate per month.
LifePrepaid stopped operations due to potential regulatory issues with its Gaming and RX cards.