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BillMyParents Appoints Finance Executive Brian Thompson to


BillMyParents Appoints Finance Executive Brian Thompson to Board of Directors

Managed High-Growth Companies to Over $1 Billion in Revenues

SAN DIEGO, CA -- (Marketwire) -- 11/05/12 -- Teen payments solutions company BillMyParents, Inc. (OTCQB: BMPI) announced today the appointment of Mr. Brian Thompson to its Board of Directors. He becomes BillMyParents' 5th independent director. Mr. Thompson is a seasoned finance executive who has held senior level positions including President and CFO of high growth companies generating revenues of over $1 billion.

Mr. Thompson is currently Senior Vice President of Equity Dynamics, Inc., a financial consulting entity established by renowned business leader and philanthropist John Pappajohn. Mr. Thompson negotiates investment transactions, performs due diligence and is heavily involved in capital raises for new ventures. Prior, he served as Chief Financial Officer and Chief Administrative Officer for Kum & Go, one of the largest convenience store chains in the U.S., where he managed growth in revenues from $600 million to $1.3 billion during his tenure. He has served as President and Chief Financial Officer of Astracon, a provider of connectivity intelligence software to communications service companies. As a partner and Chief Financial Officer for Edgewater Private Equity Funds from 1995 to 2000, Mr. Thompson completed over 15 private equity transactions with capital in excess of $300 million.

"Mr. Thompson will help us achieve our strategic vision," said BillMyParents Chairman and CEO, Mike McCoy. "He has a wealth of audit and risk management experience as well as comprehensive expertise in building small cap companies, all of which make him a perfect addition to the other notable members of our board."

"I am honored to have been asked to join the dynamic team of leaders on the BillMyParents board," said Mr. Thompson. "I look forward to working closely with them throughout the next phase of the company's evolution, and contributing to its success."

For more information, please visit: www.BillMyParents.com

About BillMyParents BillMyParents, Inc. (OTCQB: BMPI), the Responsible Teen Spending Company, offers a solution for parents who want to help their teens develop smart spending habits. The BillMyParents SpendSmart MasterCard card is the instantly trackable, reloadable MasterCard prepaid card that lets parents and teens track spending in real time. Features include the ability to instantly lock, unlock and reload the card at any time; text alerts to parents and teens showing real-time transaction details with each purchase; and the freedom and security of a MasterCard prepaid card without the risk of overdrafts, accruing debt or affecting credit scores. BillMyParents provides parents with a modern way to help teach their teens financial responsibility, when it counts. For more information, please visit www.BillMyParents.com.

The SpendSmart Prepaid MasterCard card is issued by University National Bank, member FDIC. MasterCard and the MasterCard brand mark are registered trademarks of MasterCard International Incorporated.

Certain statements contained in this press release are "forward-looking statements" within the meaning of federal securities laws, including, without limitation, anything relating or referring to future financial results and planned business activities. Such statements are inherently subject to risks and uncertainties, which include, without limitation, those in Company reports filed with the SEC. The Company can give no assurance that such expectations will prove correct. Future events and actual results could differ materially from those statements.

Media Contact: Sunny Zobel 503.927.4488 sunny@zumyum.com

Investor Relations Contact: Laurel Moody Corporate Profile 646-810-0608 lmoody@corporateprofile.com

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