3pea international inc (TPNL) Key Developments
3PEA International, Inc. Expands into Automotive Sector in Partnership with Dealer Automotive Group, LLC
Apr 14 15
3PEA International Inc. has signed a three year reseller agreement with the Dealer Automotive Group, LLC whereby DAG will offer the PaySign Connect prepaid solution as their exclusive prepaid incentive card solution to dealerships nationwide. Leveraging its extensive relationships in the automotive industry, DAG will aggressively market 3PEA’s PaySign Connect prepaid incentive and reward solutions. The comprehensive PaySign Connect prepaid solution is designed to increase showroom traffic and new car sales, while maximizing long term customer loyalty by providing instant rewards and incentives to both customers and employees in real time. The cards will be used throughout the customer life cycle for test drive incentives, new car incentives, including dealer and factory rebates, service and parts department incentives, referral programs, and repeat buyer incentives. DAG will also provide dealer members with best practices for implementing the PaySign Connect solution.
3Pea International, Inc Launches the PaySign Connect Prepaid Solution for Auto Dealerships
Apr 7 15
3PEA International Inc. expanded its PaySign brand of prepaid cards to the automotive market with PaySign Connect for Automobile Dealerships. The comprehensive PaySign Connect prepaid solution is a customizable, multi-purpose platform tailored to the unique requirements of auto dealerships. Using 3PEA's prepaid cards, auto dealerships are able to increase showroom traffic and new vehicle sales, while creating and maintaining long-term customer loyalty and increased repeat purchases through real time rewards and incentives. PaySign Connect gives dealerships a better way to stay connected with their customers and target market. With the introduction of PaySign Connect for Auto Dealerships, are executing on company's strategy to provide innovative, cost effective, customizable payment solutions to large market verticals. The PaySign prepaid cards can be used to motivate and reward employees and customers alike. Further, the PaySign prepaid card can be used throughout the customer life cycle from the initial test drive to purchase, to service, referrals, and repeat purchase all through one convenient payment solution. PaySign Connect customized reporting also gives dealerships a level of analytics on customer behavior and other metrics that were previously unavailable in the industry.
3Pea International, Inc. Announces Audited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Mar 25 15
3Pea International Inc. announced audited earnings results for the fourth quarter and full year ended December 31, 2014. The company's total revenues in the fourth quarter of 2014 increased 156% to $4.9 million compared to $1.9 million in the same fourth quarter of quarter 2013. The increase in revenue primarily due to an increase in corporate incentive reward programs, specifically, the company’s healthcare reimbursement payments, pharmaceutical co-pay assistance, and donor payments for source plasma. Net income in the fourth quarter of 2014 was $2.8 million, or $0.07 per diluted share, compared to net income of $0.4 million, or $0.01 per diluted share in the year-ago quarter.
The company's total revenues in 2014 increased 63% to $10.3 million compared to $6.3 million in 2013. The increase in revenue was primarily due to an increase in corporate incentive reward programs, specifically, the Company’s healthcare reimbursement payments, pharmaceutical co-pay assistance, and donor payments for source plasma. Net income in 2014 was $2.6 million, or $0.06 per diluted share, compared to a net income of $0.6 million, or $0.01 per diluted share in 2013. Income from operations was $2,751,555 against $669,818 a year ago.
3Pea International, Inc Reports Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2014; Provides Earnings Guidance for the Year 2014
Nov 13 14
3Pea International Inc. reported unaudited consolidated earnings results for the third quarter ended September 30, 2014. Total revenues in the third quarter of 2014 increased 61% to $1.7 million, compared to $1.1 million in the same year-ago quarter. The increase was primarily due to new corporate incentive card programs, as well as growth in already established programs. Net income was $31,000, or $0.00 per share, compared to a net loss of $93,000, or $0.00 per diluted share in the year-ago quarter. Income from operations was $47,252 against loss from operations of $77,669 a year ago. Income before provision for income taxes and non-controlling interest was $30,921 against loss before provision for income taxes and non-controlling interest of $92,657 a year ago.
The company's guidance for fiscal 2014 remains unchanged with expected revenues of $9.25 million to $9.75 million, which represents an increase of 47% to 55% over fiscal 2013. The company also expects record net income in fiscal 2014.
B Positive National Blood Services Selects 3PEA International's PaySign as its Exclusive Donor Payment Solution
Oct 28 14
3PEA International Inc. announced that B Positive National Blood Services has selected 3PEA International to provide its comprehensive PaySign(R) prepaid solution as its exclusive plasma donor payment solution.