Plastic Jungle Names Kristin Morse Vice President of Marketing and Marketplace General Manager and Leela Suppiah Vice President of Business Operations

SAN JOSE, CA--(Marketwire - Jun 30, 2011) - Plastic Jungle, the web's largest secured gift card exchange, today announced that Kristin Morse became the company's new Vice President of Marketing and Marketplace General Manager, leading customer acquisition and retention as well as brand and product marketing; and Leela Suppiah became Plastic Jungle's Vice President of Business Operations, leading customer support, trust & safety, and card processing.

Kristin comes to Plastic Jungle with more than 20 years of general management and marketing experience in financial services, ecommerce and payments. Most recently she served as Vice President and General Manager of the online business at Blackhawk Network, the largest distributor of third party gift cards in the United States. There she was responsible for marketing, product management and business development for the online channel. Kristin also served as Vice President of Marketing for Charles Schwab & Co., Director of New Business Initiatives at Cybercash, Inc., and managed strategic consulting engagements, focusing on Retail and Financial Services Industries, at McKinsey & Company.

Prior to joining Plastic Jungle, Leela managed the World Wide Project Management Team at MarketTools, where her responsibilities included owning and managing the global end-to-end operational processes, as well as implementing and owning Client Services CRM tools. Prior to this, she assisted in developing various efficiency processes for AdWords at Google and started her career at Billpoint which was acquired by eBay, managing Customer Support, Risk Management, and Billing & Collections.

"We are really pleased, and very flattered, that Kristin and Leela have joined Plastic Jungle," said CEO of Plastic Jungle Bruce Bower. "Both Kristin and Leela are extremely well-respected as leaders in the ecommerce and payments spaces, and they both add extraordinary value to our already accomplished team. Kristin and Leela will continue to ensure that Plastic Jungle delivers enormous value and superior consumer experiences to our customers and merchant partners."

Plastic Jungle helps unlock the estimated $30 billion in unredeemed gift cards by allowing consumers to sell gift cards for up to 92% of the gift card value, buy new gift cards at their favorite brands for up to 35% off, or donate the value of their unused cards to their favorite cause. Users can also opt for instant funding via PayPal or Amazon.com gift cards for select retailers -- all in a safe and trusted environment.

About Plastic Jungle
Plastic Jungle (www.plasticjungle.com) is the web's largest secured gift card exchange, giving consumers the choice and flexibility to convert their gift cards into other forms of spending power -- including cash, online balances to use for purchases at the millions of merchants that accept PayPal, Facebook Credits, and more -- and to stretch their shopping dollars at their favorite merchants. Plastic Jungle's patent-pending marketplace and payment applications aim to safely unlock the estimated $30 billion in unredeemed gift cards trapped in the economy for the benefit of consumers and merchants alike. Based in San Jose, California, the company is privately held with venture backing from Shasta Ventures, Redpoint Ventures, Jafco Ventures, First Round Capital, Bay Partners, Harrison Metal and Western Technology Investment.