Program Now Features a 2% Rebate Card, Plus Rebates from Hundreds of Retailers
ATLANTA, GA (PRWEB) June 11, 2004 -- Vesdia Corporation, the nations leading microinvesting technology company, announced today the relaunch of the Stockback rewards program (http://www.Stockback.com), a dramatically enhanced version of the worlds first consumer stock ownership" program. Originally launched in June 2000, Stockback had previously enabled consumers to build their personal savings by earning shopping rebates of up to 25% at 75 merchant partners, or through the use of a 1% rebate credit card. Today, in addition to a complete revision of the Stockback website, the newly expanded program now features nearly 500 merchant partners and a no annual fee program credit card featuring up to a 2% rebate at more than 20 million locations worldwide.
Vesdia has also greatly expanded the number of investment options available to program participants. Traditionally through the Stockback program, members were only able to direct their rebates into an S&P 500 Index Mutual Fund. With the relaunch of the program, participants now have the ability to direct their rebates into virtually any mutual fund or brokerage account, or simply receive them in the form of a check. The original Stockback program was a revolutionary advance in the microinvesting concept. Today I believe we have taken that idea to the next level with a greatly expanded program and a highly competitive rebate credit card," says Peter Davis, President and Chief Executive Officer of Vesdia Corporation.
According to a recent report by Financial Research Corporation, merchant and credit card rebate programs in the U.S. have the potential to represent an incremental inflow of $1.1 billion per year into banks and investment management firms. Putting money aside towards important financial goals is a difficult problem faced by most people," says Jordan Goodman, an eighteen-year veteran of Money Magazine and author of Everyones Money Book," a best-selling book on personal finance. While Stockback does not alleviate the need for traditional contributions towards ones financial goals, it does help people become more disciplined investors and take advantage of dollar cost averaging. Clearly, this is a program everyone working towards financial independence should join."
About Vesdia Corporation Headquartered in Atlanta, Vesdia is the nations leading microinvesting technology company. Through its nationwide network of retailers and name brands, Vesdias patent-protected technology enables individual investors to save towards major life events without incurring out-of-pocket expenses. In addition to serving as the savings engine" behind its own award-winning coalition loyalty savings programs, BabyMint and NestEggz, the company's proprietary technology is also licensed by more than a dozen financial institutions, retailers, and credit card issuers in the U.S. and Canada to facilitate customer loyalty. For more information please visit http://www.vesdia.com.
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