--- begin forwarded text
Delivered-To: [EMAIL PROTECTED] Date: Wed, 17 Aug 2005 14:31:40 -0400 To: "Philodox Clips List" <[EMAIL PROTECTED]> From: "R.A. Hettinga" <[EMAIL PROTECTED]> Subject: [Clips] Peppercoin Secures $8 Million in Venture Funding Reply-To: [EMAIL PROTECTED] Sender: [EMAIL PROTECTED] From: Peppercoin, Inc. [mailto:[EMAIL PROTECTED] Sent: Wednesday, August 17, 2005 11:38 AM To: <snip...> Subject: Peppercoin Secures $8 Million in Venture Funding <http://rs6.net/tn.jsp?t=c4afcobab.0.mismf8n6.foladxn6.544&p=http%3A%2F%2Fwww.peppercoin.com%2F> News & Updates August 17, 2005 Greetings, Over the last year, Peppercoin has worked closely with financial services institutions to develop the leading solution for small payments. The successful close of our recent funding round validates our vision - to enable convenient and profitable credit and debit card use for small payments. Peppercoin Secures $8 Million in Venture Funding to Drive Adoption of Card-Based Small Payments Leading Small Payments Company's President is Named Chief Executive Officer WALTHAM, Mass.-August 17, 2005-Peppercoin, a payments technology company that enables profitable new business models for low-priced digital content and physical goods, today announced it has secured $8 million in funding. The financing round, led by venture capital firm Wall Street Technology Partners, includes previous investor Pod Holding and a large, Boston-based institutional investment adviser; several private individuals returned to participate in the round as well. Peppercoin also announced that Mark Friedman has been named president and chief executive officer. As president, Friedman forged strong ties with the financial institutions, including First Data and Chase, that have helped drive adoption of Peppercoin's Small Transaction Suite. "Wall Street Technology Partners invests in companies that reshape their markets," said WSTP Partner Adam Lichtenstein. "Peppercoin is an exciting investment because the company has quickly seized a leadership role in establishing the 'small payments' category, and is working collaboratively with the large, established financial institutions that operate today's credit and debit payment systems. We are impressed by the company's seasoned team, and the progress they have made in garnering merchant adoption of their service and generating interest in the transition from cash to card." "Since Pod Holding first invested in Peppercoin's initial funding round, we have been impressed with the company's ability to continually surpass its stated business and technical goals," said Peter Lawrence, founding partner of Pod Holding. "The management team's progressive, agile approach to small payments has led to superior technology that appeals to leading financial services companies, and as a result we have strengthened our partnership with the company." "Wall Street Technology Partners and our existing investors are validating Peppercoin's business model as we continue to sign new merchants and build strong relationships with the leading global payments companies," said Mark Friedman, president and CEO of Peppercoin. "Merchants embrace our product as they find it provides an engine for revenue growth. Similarly, financial services entities value the increased payment volumes our offering brings them. We will be rolling out several advanced capabilities in coming months which enable a blend of prepaid, subscription, pay-as-you-go and post-paid merchant offerings." Consumers are demonstrating a clear and growing preference to use their credit and debit cards for physical, digital and mobile purchases of all sizes. Each year, consumers in the United States make more than 350 billion transactions of less than $5, representing $1.32 trillion in aggregate revenue. This presents a significant growth opportunity for the credit and debit card market, and Peppercoin is at the forefront in providing a solution that allows merchants and financial services institutions to card-enable their transactions, capture a larger market share with flexible business models, and drive new revenue streams. Over the past year, Peppercoin has realized success with merchants and financial services firms such as First Data, Chase Merchant Services, and SunTrust Bank. About Wall Street Technology Partners About Wall Street Technology Partners Wall Street Technology Partners LP (WSTP) is a New York-based technology fund founded in 2000. The fund invests in mid-to-late stage US-based technology and media companies across a wide industry spectrum, including software applications, servers and storage, semiconductors, wireless, energy, telecom systems and enterprise and carrier networks. WSTP has in excess of $125 million of capital under management. WSTP site: <http://About%20Wall%20Street%20Technology%20Partners>www.wallstreettp.com. About Pod Holding Pod Holding is a private equity firm located in Boston and Stockholm that invests in leading Information and Communication Technology (ICT) companies. Founded in 2000, Pod Holding's deep domestic presence and investment activity in both the US and Nordic countries provide unique knowledge, insights and opportunities for successful company-building in each region. When combined with Pod's experienced team of investment professionals and strong global relationships across the ICT industry, the result is a unique US-Nordic franchise that drives growth and value for Pod Holding's portfolio companies and partners. For more information, please visit: <http://www.podholding.com>www.podholding.com. About Peppercoin, Inc. Peppercoin enables profitable new business models for low-priced digital content and physical goods. Peppercoin's small payment products help merchants, banks, and other payments companies build market adoption quickly through a flexible, consumer-friendly approach. Peppercoin integrates easily with existing business models and payment systems to accelerate revenues and increase profits. For more information please visit <http://www.peppercoin.com>www.peppercoin.com. Investors <http://www.podholding.com/> <http://www.wallstreettp.com> Media Articles Big Opportunities in Small Transactions The Green Sheet 06/28/2005 <http://www.greensheet.com/PriorIssues-/050602-/default.htm>Read more Big Bucks in Micropayments Information Week 05/18/2005 <http://www.informationweek.com/showArticle.jhtml?articleID=160900649>Read more To contact Peppercoin sales, <http://rs6.net/tn.jsp?t=c4afcobab.0.mvjk86aab.foladxn6.544&p=http%3A%2F%2Fwww.peppercoin.com%2Fsales.shtml>click here To view all press releases, <http://rs6.net/tn.jsp?t=c4afcobab.0.nvjk86aab.foladxn6.544&p=http%3A%2F%2Fwww.peppercoin.com%2Fpress%2Fpressreleases.shtml>click here © Copyright 2005 Peppercoin, Inc. All rights reserved. <snip...> Peppercoin | 200 West Street | Waltham | MA | 02451 --- end forwarded text -- ----------------- R. A. Hettinga <mailto: [EMAIL PROTECTED]> The Internet Bearer Underwriting Corporation <http://www.ibuc.com/> 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire' _______________________________________________ Clips mailing list [EMAIL PROTECTED] http://www.philodox.com/mailman/listinfo/clips --- end forwarded text -- ----------------- R. A. Hettinga <mailto: [EMAIL PROTECTED]> The Internet Bearer Underwriting Corporation <http://www.ibuc.com/> 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire' --------------------------------------------------------------------- The Cryptography Mailing List Unsubscribe by sending "unsubscribe cryptography" to [EMAIL PROTECTED]
