Press Release
4240 Carmichael Road Montgomery, AL 36106 (877) 576-3020 www.sweepspromo.com |
JULY 9, 2008
PRESS RELEASE - FOR IMMEDIATE RELEASE AND DISTRIBUTION
CONTACT: Brent Buchanan / Jo Foster - (334) 395-5777 - info@sweepspromo.com
Pre-Paid Promotions Featured in CSP Magazine
(MONTGOMERY, ALABAMA) - Pre-Paid Promotions, Inc. was featured today in CSP Magazine's online edition and listed as a major headline in the daily newsletter. Please find below the article in its entirety.
Prepaid Hybrid By Angel Abcede Essentially, the initial promotional product is a long-distance calling card that costs $1 to $2 and carries five or 10 minutes worth of call time. Along with the card comes the chance to win anywhere from $1 to $1,000 via an attached sweepstakes, according to Brent Buchanan, COO for Pre-Paid Promotions Inc., Montgomery, Ala. Within each roll of 1,500 or 3,000 cards are a certain number of guaranteed winners, with 62.5% of a roll's value going toward prizes. Before allowing the product in for testing, Rose initially challenged card suppliers by asking that no other profit centers be sacrificed for its introduction. "We weren't going to take down novelty, candy or lighters for this," he said. To accommodate Rose, officials with Pre-Paid Promotions worked to rearrange the front-counter space at his retail sites. The company also emphasized the legality of the product, saying it falls in line with federal and state sweepstakes requirements. And after Clark Oil's nine-store test in the mid-Mississippi region, Rose decided to roll the product out to the entire chain. Though an effective profit-maker in and of itself, the cards also act as promotional tools for long-distance cards priced at higher increments, Rose said. He did not have statistics on how the initial, promotional cards affected sales of the $3-$5 long-distance cards he carries. The chain as yet does not carry Pre-Paid Promotions' more expensive long-distance cards. Demand rises as customers win, Rose said, but that energy only comes from building awareness. Word of customers' winning experiences spreads quicker in smaller towns, but in larger markets, more has to be done. He said he has seen the product at his competitors' locations "buried to where it looks like a collage of product and equipment." To that end, Mike Moore, vice president for Pre-Paid Promotions, said that banners, floor and counter mats, danglers and incentives to employees help communicate the value of the product. Rose plans to do more to tell customers how much people have won as a way to generate continuing excitement. "I don't think we've reached the ceiling yet," he said. "I've got some things to do, but so far, I'm happy with the incremental sales." |
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ABOUT PRE-PAID PROMOTIONS:
Pre-Paid Promotions, Inc. is an innovative Nevada corporation with its headquarters in Montgomery, Alabama. They manufacture and distribute traditional pre-paid phone cards and sweepstakes phone cards in addition to creating and implementing custom sweepstakes promotions for companies. Pre-Paid Promotions also provides prepaid cellular, merchant services, check guarantee and loyalty/reward/gift programs through its One Terminal Solution. A major focus of the company is to help convenience stores increase their in-store sales and profit margins through the sale of Pre-Paid Promotions products, which have a very high return on investment rate.