Former American Express CFO Joins BillMyParents and Will Be Appointed Chief
Financial Officer Mid to Late February
SAN DIEGO, CA -- (Marketwire) -- 02/12/13 -- BillMyParents, Inc.
(OTCQB: BMPI) -- the Responsible Teen Spending Company -- announced
today that Kim Petry has joined the Company. Ms. Petry will be
appointed as its new Chief Financial Officer mid to late February
2013, at which point she will replace Jonathan Shultz. Mr. Shultz
will continue to serve as CFO until the appointment. Ms. Petry is a
CPA and senior level executive with proven success in increasing
profit margins, solid financial management, business leadership and
strategic partnering with the board of directors, legal, compliance,
auditors and regulators.
Ms. Petry was most recently CFO and Vice President, Global
Commercial/Corporate Card Payment with American Express where she led
a team of over 150 finance professionals globally, supporting a
business with over $4 billion in revenue. Prior to American Express,
she was Vice President of Corporate Finance, Planning and Analysis
and Business Finance and Analysis with TIAA-CREF where she led over
140 professionals across the U.S. and was responsible for reporting,
budgeting, forecasting, strategy, long-term planning, new product
development, mergers and acquisitions. Ms. Petry served as Managing
Director of Finance at US Trust Corporation/Schwab Corporation for
five years in several executive roles following her prior experience
working as an Audit Manager in Financial Services at
PricewaterhouseCoopers. She earned her MBA in Finance and
International Business from New York University and her BA with a
major in accounting, graduating summa cum laude, from Adelphi
"Kim is a top notch financial services industry CFO. The skills and
knowledge she brings to BillMyParents will help us structure a
corporate financial architecture to support rapid growth both for our
card processing and for our own internal and external reporting as a
public company. We are pleased to have her on our team," stated
BillMyParents CEO and Chairman, Mike McCoy.
The Company would also like to thank Mr. Shultz for all of his
service to the organization.
For more information, please visit: www.BillMyParents.com
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.
Investor Relations Inquiries:
Corporate Profile, LLC
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