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CORAL GABLES, Fla.--([ BUSINESS WIRE ])--The Board of Directors of Default Proof Credit Card System (OTC:DPRS) has approved a cash distribution of $.04 per share to its shareholders of record on October 26, 2012. It is anticipated that the payment date will be shortly thereafter.

The cash to be distributed to shareholders will represent the only assets of the corporation having any value subsequent to the payment of liabilities, including expenses incurred and to be incurred in connection with the distribution. It is expected that shortly after the distribution, the corporation will take the necessary steps to terminate its corporate existence.