Rob DeSantis, Co-Founder of Ariba, Inc. and an Early Angel Investor and Board Member of LinkedIn, Joins the Board of Directors of BillMyParents
Press Release: BillMyParents – Mon, Mar 26, 2012 9:30 AM EDT
SAN DIEGO, CA–(Marketwire -03/26/12)- BillMyParents, Inc. (OTCQB: BMPI.OB – News) (OTC.BB: BMPI.OB – News) announced today that Rob DeSantis, the co-founder of Ariba, Inc. and an early angel investor and board member of LinkedIn, has joined the company’s Board of Directors effective immediately.
“Rob’s vision and insight will be invaluable to our company,” said Mike McCoy, BillMyParents Chairman and Chief Executive Officer. “We believe his vast experience in growing Ariba and LinkedIn into multi-billion dollar businesses will make a major contribution to BillMyParents’ success.”
Mr. DeSantis co-founded Ariba, a provider of business to business e-commerce solutions that was one of the first B2B Internet companies to go public, and whose market capitalization reached $40 billion. He was also an early angel investor and board member of LinkedIn, the world’s largest professional online network, which has more than 150 million global members today.
“We think Rob DeSantis is an ideal addition to our distinguished Board of Directors, which includes Joe Proto, a payments industry leader who has successfully built and sold two high profile businesses in the card transaction space, and Isaac Blech, who has founded companies which currently have a combined market value in excess of $35 billion,” added Mr. McCoy.
Mr. DeSantis stated, “I am excited to join the board of BillMyParents. I see a strong value proposition to users through the technology associated with parental spending controls, instant text alerts and emergency load features. This is currently a manual process between teens and parents that can now be automated giving both teens and adults improved control, visibility and independence at the same time. I see this B2C opportunity as a natural evolution which is very similar to what I was a part of with Ariba. I also see tremendous value in the platform where users benefit from the built-in controls not only with what they buy and how much they spend, but also with whom they choose to share that information. This has the potential to make BillMyParents a leader in the rapidly expanding field of social commerce.”
For more information, please visit: http://www.BillMyParents.com
About BillMyParents
BillMyParents, Inc. (OTCQB: BMPI.OB – News) (OTC.BB: BMPI.OB – News), the responsible teen spending company, offers a solution for parents who want to help their teens develop smart spending habits. The BillMyParents SpendSmart MasterCard card is the instantly trackable, reloadable MasterCard prepaid card that lets parents and teens track spending in real time. Features include the ability to instantly lock, unlock and reload the card at any time; text alerts to parents and teens showing real-time transaction details with each purchase; and the freedom and security of a MasterCard prepaid card without the risk of overdrafts, accruing debt or affecting credit scores. BillMyParents provides parents with a modern way to help teach their teens financial responsibility, when it counts. For more information, please visit http://www.BillMyParents.com.
The BillMyParents SpendSmart MasterCard card is issued by University National Bank pursuant to license by MasterCard International Incorporated. MasterCard is a registered trademark of MasterCard International Incorporated.
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company’s growth and business strategy. Words such as “expects”, “will”, “intends”, “plans”, “believes”, “anticipates”, “hopes”, “estimates”, and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company’s business; competitive factors in the market(s) in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Rob DeSantis, Co-Founder of Ariba, Inc. and an Early Angel Investor and Board Member of LinkedIn, Joins the Board of Directors of BillMyParents
Press Release: BillMyParents – Mon, Mar 26, 2012 9:30 AM EDT
SAN DIEGO, CA–(Marketwire -03/26/12)- BillMyParents, Inc. (OTCQB: BMPI.OB – News) (OTC.BB: BMPI.OB – News) announced today that Rob DeSantis, the co-founder of Ariba, Inc. and an early angel investor and board member of LinkedIn, has joined the company’s Board of Directors effective immediately.
“Rob’s vision and insight will be invaluable to our company,” said Mike McCoy, BillMyParents Chairman and Chief Executive Officer. “We believe his vast experience in growing Ariba and LinkedIn into multi-billion dollar businesses will make a major contribution to BillMyParents’ success.”
Mr. DeSantis co-founded Ariba, a provider of business to business e-commerce solutions that was one of the first B2B Internet companies to go public, and whose market capitalization reached $40 billion. He was also an early angel investor and board member of LinkedIn, the world’s largest professional online network, which has more than 150 million global members today.
“We think Rob DeSantis is an ideal addition to our distinguished Board of Directors, which includes Joe Proto, a payments industry leader who has successfully built and sold two high profile businesses in the card transaction space, and Isaac Blech, who has founded companies which currently have a combined market value in excess of $35 billion,” added Mr. McCoy.
Mr. DeSantis stated, “I am excited to join the board of BillMyParents. I see a strong value proposition to users through the technology associated with parental spending controls, instant text alerts and emergency load features. This is currently a manual process between teens and parents that can now be automated giving both teens and adults improved control, visibility and independence at the same time. I see this B2C opportunity as a natural evolution which is very similar to what I was a part of with Ariba. I also see tremendous value in the platform where users benefit from the built-in controls not only with what they buy and how much they spend, but also with whom they choose to share that information. This has the potential to make BillMyParents a leader in the rapidly expanding field of social commerce.”
For more information, please visit: http://www.BillMyParents.com
About BillMyParents
BillMyParents, Inc. (OTCQB: BMPI.OB – News) (OTC.BB: BMPI.OB – News), the responsible teen spending company, offers a solution for parents who want to help their teens develop smart spending habits. The BillMyParents SpendSmart MasterCard card is the instantly trackable, reloadable MasterCard prepaid card that lets parents and teens track spending in real time. Features include the ability to instantly lock, unlock and reload the card at any time; text alerts to parents and teens showing real-time transaction details with each purchase; and the freedom and security of a MasterCard prepaid card without the risk of overdrafts, accruing debt or affecting credit scores. BillMyParents provides parents with a modern way to help teach their teens financial responsibility, when it counts. For more information, please visit http://www.BillMyParents.com.
The BillMyParents SpendSmart MasterCard card is issued by University National Bank pursuant to license by MasterCard International Incorporated. MasterCard is a registered trademark of MasterCard International Incorporated.
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company’s growth and business strategy. Words such as “expects”, “will”, “intends”, “plans”, “believes”, “anticipates”, “hopes”, “estimates”, and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company’s business; competitive factors in the market(s) in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.