[May 08, 2006] InComm(R) Finalizes Acquisition of PRE Holdings, Inc. Tweet ATLANTA, May 8 /PRNewswire/ -- InComm, a technology provider and distributor of prepaid products, announced today that it has finalized the acquisition of PRE Holdings, Inc. (PRE), a U.S. prepaid distributor and processor. The combination of the two companies solidifies the new InComm as the major player of prepaid product distribution. InComm now boasts more than 145,000 distribution points including big box retail, grocery stores, discount stores, drug stores, travel centers and convenience stores. InComm and PRE announced a definitive merger agreement on February 23, 2006 and effective May 2, 2006 the new company has begun operating as one organization. "We are carefully planning the integration of the two companies to ensure the best of both companies are brought together," said InComm President and CEO, M. Brooks Smith. "The integration of the companies will accelerate plans for new products that further enhance profit opportunities for our retail partners." The new InComm will offer the most competitive prepaid product range in the market, which includes its subscription activation products, full range of prepaid wireless programs, enhanced long-distance programs, music and game downloads, private label and third party gift cards and an array of financial services products such as the Mio(TM) Money Prepaid MasterCard(R) and Vanilla(TM) Visa(R) Gift Card. "The strengths of InComm and PRE are truly complementary," said Smith. "Our combined services, retail relationships, product partners and employee talent create an established leader in point of sale technology and prepaid category management." Financing for the acquisition was provided by JPMorgan Chase. About InComm InComm is an innovator in prepaid products and point of sale technology specializing in retail prepaid services, subscriber services and payment solutions that are changing the way consumers purchase. InComm provides the most robust product portfolio in the industry including wireless airtime, financial debit cards, gift cards, music downloads, ring tones, games, long- distance cards, online games, broadband, digital television as well as bill payment solutions. InComm partners with consumer brand leaders around the world to provide over 145,000 retail locations the product and services their customers demand. Since 1992, InComm's patented technology has made the buying process easier for consumers while streamlining the selling process for product and retail partners. To learn more about InComm, visit http://www.incomm.com/ or call 1.800.352.3084. InComm is headquartered in Atlanta with offices in Colorado, Texas, Florida, New Jersey, Puerto Rico, United Kingdom and Canada. InComm and Fastcard are registered trademarks of InComm Holdings, Inc. All other marks are the properties of their legal holders. InComm CONTACT: Edward Vargo of InComm, +1-770-240-6119m, or [email protected] Web site: http://www.incomm.com/ [ Back To TMCnet.com's Homepage ]