TAMPA, Fla.–(BUSINESS WIRE)–nFinanSe Inc. (OTCBB:NFSE) (www.nFinanSe.com) today appear the barrage of its $3 Visa Reloadable Prepaid Debit Cards at Fred’s Hometown Abatement Food (NASDAQ:FRED) (www.FredsInc.com), a arch bounded alternation of array food amid in the Southeast and Midwest United States.
“We are absolute aflame to be ablution our $3 Visa Reloadable Prepaid Debit Agenda at Fred’s on the heels of the September barrage of our $3 Reloadable Prepaid Discover® Card,” declared Jerry R. Welch, Chairman and Chief Executive Officer of nFinanSe. “With the $3 Visa Agenda from nFinanSe, Fred’s will be alms a reloadable prepaid agenda with the best all-embracing fees to the consumer. The nFinanSe Agenda sells for $3, our reload fee and account aliment fee are alone $2.95, our ATM abandonment fee is an industry low $0.99, and our online bill pay is aloof $0.44 – the amount of a postage stamp,” connected Mr. Welch.
Tracing its history aback to an aboriginal abundance in Coldwater, Mississippi, opened in 1947, Fred’s is now headquartered in Memphis, Tennessee, and operates about 700 abatement accepted commodity stores, 300 additional pharmacies and 24 franchised Fred’s stores, mainly beyond the southeastern states. With a different abundance architecture and action that combines the best elements of a abatement dollar store, biologic abundance and accumulation merchant, Fred’s food banal added than 12,000 frequently purchased items that abode the accustomed needs of its customers.
The Visa Reloadable Prepaid Debit Agenda is issued by Palm Desert National Bank pursuant to a authorization from Visa U.S.A., Inc. nFinanSe is a registered ISO of Palm Desert National Bank. All cards funds are insured by the FDIC in accordance with the FDIC’s applicative agreement and conditions.
“Safe Harbor” Statement beneath Private Securities Litigation Reform Act of 1995
This columnist absolution contains assertive advanced statements based on nFinanSe Inc.’s, or, the Company’s accepted expectations, forecasts and assumptions that absorb risks and uncertainties. Advanced statements accommodate statements apropos the Company’s expectations, beliefs, intentions or strategies apropos the approaching and can be articular by advanced words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will,” and “would” or agnate words and accommodate statements apropos the advancing allowances of the Company’s articles and the advancing cycle out of the Company’s products. Advanced statements in this absolution are based on advice accessible to the Aggregation as of the date hereof. The Company’s absolute after-effects may alter materially from those declared or adumbrated in such advanced statements due to risks and uncertainties associated with the Company’s business, which accommodate the Company’s adeptness to assassinate its business action and the added accident factors appear in the Annual Report on Form 10-K for the year concluded January 2, 2010 on book with the Securities and Exchange Commission. The Aggregation assumes no obligation to amend the advice included in this columnist release, whether as a aftereffect of new information, approaching contest or otherwise.
About Fred’s Inc.
Fred’s Inc. (NASDAQ:FRED) operates 674 abatement accepted commodity stores, including 24 franchised Fred’s food in the southeastern United States. For added advice about the Company, appointment Fred’s Website at www.fredsinc.com.
About nFinanSe Inc.
nFinanSe Inc. (OTC Bulletin Board: NFSE) is an avant-garde banking casework aggregation and provider of stored amount and prepaid agenda solutions headquartered in Tampa, Florida. nFinanSe has developed the nFinanSe Network™, a secure, reliable amount amount and activation belvedere that connects with retail merchants and added amount amount stations amid throughout the United States. For added information, appointment www.nfinanse.com
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