I'll tell you what worked for me, because I didn't find the schematics of this board. But your board may work differently, so it is always good to check the datasheet and the schematic (if you have one).
Power
Be sure to use an external 5V source that can supply up to 2A without dipping significantly.
Code
#include <SoftwareSerial.h>
SoftwareSerial GPRS(7, 8); //7 = TX, 8 = RX
unsigned char buffer[64]; port
int count=0;
int i = 1; //if i = 0, send SMS.
void setup(){
//delay(10000);
GPRS.begin(19200); // the GPRS baud rate
Serial.begin(19200); // the Serial port of Arduino baud rate.
Serial.print("I'm ready");
Serial.print("Hello?");
}
void loop(){
if (GPRS.available()){ // if date is comming from softwareserial port ==> data is comming from gprs shield
while(GPRS.available()){ // reading data into char array
buffer[count++]=GPRS.read(); // writing data into array
if(count == 64)break;
}
Serial.write(buffer,count); // if no data transmission ends, write buffer to hardware serial port
clearBufferArray(); // call clearBufferArray function to clear the storaged data from the array
count = 0; // set counter of while loop to zero
}
if (Serial.available()) // if data is available on hardwareserial port ==> data is comming from PC or notebook
GPRS.write(Serial.read()); // write it to the GPRS shield
if(i == 0){
GPRS.print("AT+CMGF=1\r"); //sending SMS in text mode
Serial.println("AT+CMGF=1\r");
delay(1000);
GPRS.print("AT+CMGS=\"+554988063979\"\r"); // phone number
Serial.println("AT+CMGS=\"+554988063979\"\r");
delay(1000);
GPRS.print("Test\r"); // message
Serial.println("Test\r");
delay(1000);
GPRS.write(0x1A); //send a Ctrl+Z(end of the message)
delay(1000);
Serial.println("SMS sent successfully");
i++;
}
}
void clearBufferArray(){ // function to clear buffer array
for (int i=0; i<count;i++){
buffer[i]=NULL; // clear all index of array with command NULL
}
}
Connection

Testing...
Open the serial monitor Arduino, set the baud rate in 19200 in "Both NL & CR". If not work, set to "Carriage Return". Type "AT" and wait for an OK.

Help
If you need help, these links were useful to me:
- http://www.seeedstudio.com/wiki/GPRS_Shield_V1.0
- http://www.seeedstudio.com/wiki/GPRS_Shield_V2.0
- http://www.elecfreaks.com/wiki/index.php?title=EFCom_GPRS/GSM_Shield