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BlueOne Card Inc. Announces Delivery of the First 30,000 BlueOne Prepaid MasterCards to the Agency Tribal Nations Federal Land Management of Mendocino Indian Reservation
BlueOne Card Inc. Announces Delivery of the First 30,000 BlueOne Prepaid MasterCards to the Agency Tribal Nations Federal Land Management of Mendocino Indian Reservation.
About this update from Blueone Technologies, Inc.
[{"type":"text","content":"\n LOS ANGELES, April 28, 2022 (GLOBE NEWSWIRE) -- BlueOne Card, Inc. (“BlueOne Card”, “Company”) (OTC OTCQB: BCRD), is pleased to announce they have completed the delivery of 30,000 BlueOne Prepaid MasterCards to the Agency Tribal Nations Federal Land Management of Mendocino Indian Reservation. This fulfillment represents the first batch of cards delivered to the Mendocino Indian Reservation. The total order, which was announced in March was for 100,000 BlueOne Prepaid MasterCards and is valued at $2,000,000.00. Originally, Agency Tribal Nations had stated an intent to purchase an additional 200,000 BlueOne Prepaid MasterCards raising their total to 300,000 BlueOne Prepaid MasterCards. They have since indicated the possibility of significantly increasing their order to one million BlueOne Prepaid MasterCards. Doing so would not only generate considerable recurring revenues for the Company, but would also provide important financial solutions to many unbanked and underbanked people that are not able to utilize traditional banking methods. Each new BlueOne Prepaid MasterCard generates an average of $20.00 per month in regular recurring revenues. As such, the initial 30,000 card delivery represents anticipated revenues of $7,200,000 in the first twelve months. Upon fulfillment of the complete 100,000 card order, anticipated projected twelve-month revenues will increase to $24,000,000 from recurring monthly revenues over the first year. First year revenues for 300,000 BlueOne Prepaid MasterCards are projected to be $72,000,000. The BlueOne Card is a Prepaid MasterCard issued by Axiom Bank, N.A., Member FDIC, pursuant to a license from MasterCard. In addition to the benefits of a Prepaid MasterCard, every BlueOne Card offers the cardholder a virtual checking account with an account number and a routing number without the need for a social security number. Once registered, BlueOne Cardholders can transfer and receive funds, deposit paychecks, facilitate direct deposit, utilize bill pay services, access ATMs, reload their cards and much more. The BlueOne Card is accepted by over 30 million merchants and at over 1 million ATM machines worldwide, or wherever MasterCard is accepted. “We are very excited to have completed this delivery. It has taken us many years of hard work to lay the groundwork to get this...