Prepaid Card Holdings, Inc Parent Company of Bank Freedom Hires Former Boeing Corporate Auditor and Investigator John W. Weber Jr. CPA as Vice President of Finance and Principal Financial Officer

Business Wire, June 12, 2008

IRVINE, Calif. -- Prepaid Card Holdings, Inc. (Pink Sheets:PPDC) today announced it has hired John W. Weber Jr. CPA as its Vice President of Finance and Principal Financial Officer. Since 2002, Mr. Weber has been employed by The Boeing Company (NYSE:BA) as a Corporate Auditor and Investigator. Prior to Boeing he was employed by GE Capital (NYSE:GE) where he received several GE Capital special business awards for outstanding performance.

Mr. Weber is a Certified Public Accountant in the state of California, graduated with a Masters of Business Administration, Finance from Pepperdine University and Bachelor of Business Administration, Accounting from Gonzaga University.

Mr. Weber will be responsible for the creation of sound accounting processes and procedures, monitoring the internal accounting control environment, and verification of the financial statement assertions of validity, accuracy, timing, valuation, completeness, and disclosure. He will also be responsible for preparation of monthly profit and loss statements providing detailed financial analysis for actual results and variances from prior month and forecast, including detailed cash flow analysis and forecasting. He will provide support for strategic planning initiatives, including return on investment and capital requirement alternatives of debt versus equity.

Robert Christansen COO of Prepaid Card Holdings, Inc. and Bank Freedom stated, "Mr. Weber is a tremendous asset to Bank Freedom. His 20 years in public accounting, internal audit and compliance at Boeing, and public company reporting rounds out our management team and sets the stage for our continued and dramatic growth."

About Prepaid Card Holdings, Inc.

Prepaid Card Holdings, Inc. is a publicly traded holding company whose current holdings consist of a 100% interest in the Berman Marketing Group, Inc. a multi channel direct market firm specializing in direct response marketing through Television, Radio, Internet and Print media and Merchant Processing International Inc. DBA Bank Freedom, Inc.

For further information contact Ryan Guenthart at 877-237-6260 ext. 110 or visit the company website at www.PrepaidHoldings.com.

About Bank Freedom

Bank Freedom has recently entered the prepaid card industry with its Bank Freedom Prepaid MasterCard[R]. The BankFreedom Prepaid MasterCard card is issued by MetaBank pursuant to license by MasterCard International Incorporated. According to market data available, there are between 40 and 80 million people in the United States who don't have a bank account or who can't qualify for a credit card because their credit scores are too low. This is called the under-banked market. The emerging prepaid card solutions offered by Bank Freedom can act as a card account and payment solution for those people who do not use banks or credit cards. For the under-banked, the evolution taking place with prepaid cards can replace their reliance on check cashing centers, money orders, and the inability to buy certain products that require a major credit card.

For further information contact Ryan Guenthart at 877-237-6260 ext. 110 or visit the company website at www.BankFreedom.com.

About Meta Bank

MetaBank is a federally-chartered savings bank headquartered in Storm Lake, Iowa.

Meta Financial Group, Inc[R]. is the bank holding company for MetaBank, MetaBank West Central, Meta Payment Systems[R], and Meta Trust Company[R]. The Meta Payment Systems division of MetaBank based in Sioux Falls, South Dakota, serves banks, processors, and third party marketers by providing prepaid cards, credit cards, ACH origination, merchant acquiring, ATM sponsorship, and money transfer. Meta Financial Group is traded on the NASDAQ - Global Market: CASH). For more information visit http://www.metacash.com.

Certain statements contained in the above, are forward-looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.

Forward-looking statements deal with the Company's current plans, intentions, beliefs and expectations and statements of future economic performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from what is currently anticipated. The Company cannot guarantee its future results, levels of activity, performance or achievements.