Socialwise Changes Corporate Name to BillMyParents, Inc.

 

June 10, 2011 09:35 ET

SAN DIEGO, CA--(Marketwire - Jun 10, 2011) - Socialwise, Inc. (OTCQB: SCLW) (OTCBB: SCLW) announced today that effective Monday, June 13, 2011, it is changing its corporate name to BillMyParents, Inc. Accordingly, the ticker symbol of the company will become (OTCQB: BMPI) (OTCBB: BMPI).

Interim BillMyParents CEO Mark Sandson stated, "We changed our name to better reflect our business and lead product. Going forward, we want to fully leverage the brand name of BillMyParents."

Headquartered in San Diego, CA, BillMyParents recently received $7MM in investment funds, enabling the company to boost the significant brand momentum coming off of their recent exposure on MTV's hit reality show "Rob Dyrdek's Fantasy Factory" and their first nationally-aired television commercial on ESPN. The Spend Smart card from BillMyParents is now available, providing a unique and powerful way for teens and their parents to learn how to spend smart. With instant feedback from real-time text alerts, instant load and lock and unlock features and more, high parental visibility of teen account activity allows for important teachable moments.

For more information, please visit www.billmyparents.com.

About BillMyParents

BillMyParents provides payments solutions targeted to teens, young adults and their parents. Our solutions facilitate the communication between parents and young people and teach them financial responsibility. Follow us on www.facebook.com/BillMyParents. For more information: www.billmyparents.com.