Berman Marketing Group Inc., a wholly owned subsidiary of Berman Holdings, Inc. (Pink Sheets: BRMN), today announced it has entered into an agreement to market pre paid debit cards.

The company obtained the contractual right to market pre paid debit cards by entering into an agreement this week leveraging its relationship with Merchant Processing International, Inc. (MPI). MPI is a credit card processing company owned by Bruce A. Berman, CEO of Berman Holdings, Inc.

MPI has recently executed an agreement to market its own branded white labeled pre paid debit cards. The branding of the card is still in the approval stage however the company feels its will now meet or exceed its first quarter 2008 expectation of having a branded card on the street.