Wireless industry executive to lead magicpins growth.
Plainview, NY, December 22, 2010 — Magicpins.com, a leader in business-to-business e-commerce systems for distribution of prepaid wireless refill and phone products has announced the addition of a key new member of its team. Louis (Lou) Ferraro joins the company as Chief Executive Officer, bringing with him over 25 years experience in the wireless industry. He has been a leader with the large national providers including AT&T Wireless, McCaw Cellular Communications, IDT and Verizon Wireless, and has served in finance, operations, sales and distribution.
Mr. Ferraro has very strong relationships within the industry and the distributor network which will prove to be most valuable as Magicpins continues to grow and expand its service footprint. “I am excited to be joining the talented team of people at Magicpins.” said Mr. Ferraro. He added, “Having worked in the industry during periods of explosive growth, I am confident that I can help continue to grow the Magicpins business, which has its own excellent track record of success”. As an early pioneer in the wireless industry, Lou served on the CTIA Cibernet Corporation Board of Directors and co-chaired the initial industry Net Settlement process. Lou began his career in the accounting firm of Deloitte, Haskins, and Sells; he is a Certified Public Accountant and holds a Bachelor of Science degree from Montclair State University.
Magicpins ( http://www.magicpins.com ) has been experiencing rapid growth since 2006, because of the growing reliance of prepaid wireless in the US market. “While our footprint has grown substantially, our competitive advantage comes from a user friendly proprietary platform where merchants and retailers can access, transfer and preload minutes seamlessly,” said Anurag Jain, President of Magicpins.
“The complementary experience and relationships I plan to bring to the organization will help us to reach additional partnerships with providers and customers, further establishing Magicpins as a key player in this arena,” said Ferraro. “The Magicpins business just got another good reason why it will continue to be a leader in this industry” affirmed Jain.
About Magicpins.com, LLC:
Long Island, New York – based Magicpins ( http://www.magicpins.com ) is a fast growth company in the prepaid wireless industry. Magicpins’ total revenue growth from 2008 to 2009 was over 200 percent, and the strong growth trend has continued in 2010. Magicpins offers a variety of prepaid wireless products and services for retailers in the most efficient manner from the carriers and providers. Magicpins’ solid relationships with the carriers, expertise in prepaid wireless distribution and Information Technology distinguish the company from its competitors—Magicpins offers the best quality packages to retailers. In business for almost six years, the firm’s IT enabled processes keep the logistics cost low, thereby providing the highest margins to retailers. http://www.magicpins.com
Press & Media Contact:
Fady Sahhar
XtraGlobex, Inc
1800 John F. Kennedy Blvd. Suite 300
Philadelphia, PA 19103 USA
267-238-3820
fady.sahhar@XtraGlobex.com
http://www.magicpins.com
