3pea international inc (TPNL) Key Developments
3PEA International Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 15 15
3PEA International Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of $1,598,409 against $2,407,675 a year ago. The decrease in revenue was primarily due to the non-occurrence of revenues associated with specific program life cycle events in the first quarter of 2015. Loss from operations was $426,478 against $64,417 a year ago. Loss before provision for income taxes and non-controlling interest was $431,926 against $80,232 a year ago. Net loss attributable to company was $441,795 or $0.01 per basic share against $80,075 or $0.00 per basic share a year ago.
Henderson Hyundai Superstore Chooses PaySign Connect
Apr 23 15
3PEA International Inc. has signed Henderson Hyundai Superstore, as the first customer for its PaySign Connect prepaid solution for the automotive industry. Henderson Hyundai will use PaySign prepaid cards to reward and motivate both consumers and employees through real time rewards and incentives. PaySign Connect for the automotive industry is a comprehensive solution that includes the PaySign Visa Prepaid Card, the PaySign Connect web portal, a dedicated cardholder website, customized reporting and analytics, an Interactive Voice Response system, SMS alerts, two-way SMS and in-house bilingual customer service. PaySign connect is designed to increase showroom traffic and new vehicle sales, develop long-term customer loyalty and increase repeat purchases. PaySign Connect for the automotive industry, 3PEA’s newest offering, is a customizable, multi-purpose solution tailored to the unique requirements of auto dealerships. PaySign Connect gives dealerships a better way to stay connected with their customers and target market.
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.