News & Press

February 20, 2009 Announces Acquisition of, LLC, parent company of, the leading provider of prepaid Visa debit cards to consumers and corporations, has announced its acquisition of Founded in 2003 as a gift card trading exchange, allowed customers to buy, sell and trade unwanted gift cards. Today, through its Certified Partner program, is the leading buyer of unwanted merchant gift cards in the secondary market.

The acquisition of enables to sell discounted merchant gift cards to its customers. “ is excited about this new acquisition. In these difficult economic times, we are happy that we can offer discounted gift cards to our customers. We have become a one stop shop for gift cards by offering Visa gift cards and discounted merchant gift cards from over 200 national retailers, supermarkets, and restaurants,” said Jason Wolfe CEO of

In a slow economic market discounted gift cards have become even more popular among “smart shoppers.” “We surveyed our customers and found that 96% use discounted gift cards for personal use,” said Michael Kelly, CEO of Even though spending on luxury items has decreased, people are still spending money on the things they need.

The acquisition enhances the current gift card product line for and allows to focus on the card redemption services. As part of the acquisition, President MJ Kelly and CEO Michael Kelly will continue to oversee to ensure the growth of the agent network. “We are really excited to be a part of the family and look forward to working with them to make the leading destination for consumer gift cards,” said President Kelly.

“Today more than ever, people are looking for ways to save money. Discounted gift cards are just the answer. If your washing machine breaks, you still have to replace it,” said Wolfe. “Smart shoppers know they can use to find gift cards that allow them to save 10% to 20% off at national retailers. Buying gift cards at a discount and using them for your next purchase gives the consumer instant savings. Even better, savvy shoppers can combine the discounted gift cards with coupons from sites like, our sister site, — increasing their savings even more.” also pays cash for unwanted gift cards. Customers can mail in their gift cards and receive cash. With millions of Americans receiving gift cards that go unused every year, has added this feature to their model. “This is a much-needed service and the timing couldn’t be any better. offers a great way to get the extra cash for things that you need,” added Wolfe.

About® is the leading buyer of unused merchant gift cards. With over 500 national agents offering our gift card redemption service in their financial services stores, provides the only liquidation service of its kind in the secondary gift card market. Founded in 2003, maintains offices in Langhorne, PA. For more information, visit

About, LLC is a leading provider of prepaid Visa debit cards to consumers and corporations to expend as gifts, rewards, or incentives. currently services thousands of corporations for their gift card needs including 25% of the Fortune 1,000. was founded in 1999., LLC is headquartered in Pittsburgh, PA.

About, LLC owns, in whole or in part, some of the world leaders in online media, marketing, and technology. Some sites include,,,, and Visit us on the web at