BillMyparents Inc (OTC:BMPI) Shares Ended Lower by 5%

BillMyparents Inc (OTC:BMPI) today announced that William Hernandez has joined the company’s Strategic Advisory Board. Mr. Hernandez has over 30 years of experience in the global financial services industry, with primary focus in the payments, card programs, transaction processing, global card networks, global consumer bank, and brokerage categories.

Mike McCoy, BillMyParents Chairman and Chief Executive Officer said that they are looking forward to the deep knowledge and expertise of Mr. Hernandez, whose perspective, insights and relationships will be very valuable for further building and improving the company’s payments solutions for teens.

Moreover, Lewis Cohen has also joined the company’s newly created Strategic Advisory Board. Mr. Cohen brings 28 years of experience at Citigroup, most recently serving as the Executive Vice President, Planning and Strategy, for the Citigroup Global Sector’s Chief Data Office.

Additioanlly, on April 05, 2012, the company had announced that their marketing campaign has won four San Diego 2012 ADDY Awards that included one gold, one silver and two bronze. The campaign was developed and executed by creative communications company i.d.e.a., and promoted the BillMyParents SpendSmart(TM) MasterCard(R) card for teens from the San Diego Ad Club, a member of the American Advertising Federation.

The shares of the company declined 4.75% to $0.381 in the morning trading hour. The 52 week trading range for the company is $0.30 – $0.56. In the last one year, the stock has plummeted over 28%.


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