News Release

Verizon Wireless Puts [FREEUP] Prepay Customers In Charge With PreCash

[FREEUP] Prepay Customers Can Refill in Any Denomination Using PreCash

July 1, 2003

Brenda Raney
Brenda.Raney@VerizonWireless.com
908-306-4834Gordon Breen
PreCash
Gordon.Breen@precash.com  
770-650-0578

BEDMINSTER, NJ — Verizon Wireless, the nation's largest wireless service provider, today announced its [FREEUP]® Prepay customers can replenish their prepaid wireless service in any amount using PreCash®, at participating PreCash locations nationwide. PreCash, Inc., a leading provider of electronic replenishment solutions for prepaid and postpaid products, lets customers add any amount between $15-$600 to their account. The availability of rechargeable and re-usable PreCash cards at participating locations nationwide makes it even easier for Verizon Wireless customers to replenish their service.

Customers simply stop in at any participating location displaying the PreCash logo, add the desired amount, and the free PreCash card will be active in less than 15 minutes. The PreCash representative swipes the card to complete the transaction and deposit the money in the customer's account.

PreCash cards do not have a currency value, which make it a secure service should the card be lost or stolen. To learn more about PreCash, visit the website at www.precash.com.  

[FREEUP] Prepay enables customers to do more than just talk; they can access TXT Messaging, Get It Now downloadable applications and more, on the nation's largest wireless network. To learn about [FREEUP] Prepay wireless service, visit any of the more than 1,200 Communications Stores or the Web at www.freeup.com or for Spanish-speaking customers at www.verizonwireless.com/espanol.  

About Verizon Wireless
Verizon Wireless is the nation's leading provider of wireless communications. The company has the largest nationwide wireless voice and data network and 33.3 million customers. Headquartered in Bedminster, NJ, Verizon Wireless is a joint venture of Verizon Communications (NYSE:VZ) and Vodafone (NYSE and LSE: VOD). Find more information on the Web at www.verizonwireless.com.  

About PreCash
PreCash is an electronic payment process that allows customers to quickly and easily make prepaid, postpaid, and deposit payments to their accounts at over 20,000 convenient point-of-sale (POS) retail locations displaying the PreCash acceptance mark. The PreCash process converts cash presented at a POS location in to electronic currency and then "loads" that currency onto a customer's stored-value account. PreCash allows cash-based customers, including those denied credit or unwilling to use credit for personal reasons, access to services previously available only to credit-based users. Furthermore, PreCash provides service providers with an alternate method for accepting customer payments and provides expanded distribution points for accepting those customer payments. Unlike traditional prepaid cards, PreCash Cards are reusable and have no preset denominations, so merchants can offer refills in any amount. The Card itself does not hold any value, so merchants do not need to worry about fraud or shrinkage. PreCash, Inc. is headquartered in Houston, Texas. For more information about PreCash, please visit our website at www.precash.com.

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