GreenBox POS Announces Joint Venture with Sigue Corporation
November 29 2018 - 8:00AM
InvestorsHub NewsWire
GreenBox POS Announces Joint Venture
with Sigue Corporation
Acquires Licensed Large-Scale Money
Transfer Capabilities
SAN DIEGO, CA -- November 29, 2018 -- InvestorsHub NewsWire
-- GreenBox POS, LLC (“GreenBox”, USOTC:
GRBX, the “Company”) is pleased to
announce it has entered into a joint venture
agreement with Sigue Corporation (“Sigue”), one of the world’s
largest private money transfer entities. Operating in over 100
countries and employing nearly 200,000 agents, Sigue will
offer GreenBox the capacity and infrastructure to deploy
the Company’s blockchain transactional technology on an
exponentially broader scale.
Terms of the joint venture call for the deployment
of Sigue’s licensed bandwidth enabling the creation
of proprietary transactional solutions for
businesses, including secured, private, reliable and
extendable Venmo ™ style business-to-business
applications with instant settlement capabilities, as
well as complete blockchain transactional infrastructure for
banks and larger financial institutions via Bank-in-a-Box
solution.
Ben Errez, Executive Vice President of GreenBox POS, stated,
“We are pleased to align with Sigue as we continue
to execute our global expansion strategy. Our technology
combined with Sigue’s massive infrastructure, we expect,
will help entrench GreenBox as the world’s leader in
blockchain transactional infrastructure while supporting our
commitment to building long-term shareholder
value”.
Senior Vice President of Sigue, Jorge De Feria, commented,
“GreenBox provides the innovative technology and
capabilities we have been in search of as we advance our
commitment to providing the highest level of service
technology to our new and existing
customers. We look forward to the opportunity to work
closely with GreenBox as we collaborate to address
the world’s secure money transfer needs.”
About GreenBox POS, LLC:
GreenBox POS ("GRBX") is a technology company engineering
innovative customized payment solutions across a multitude of
industries. Awarded five provisional patents, GRBX has developed
the fastest and safest protocols to send and process money
utilizing blockchain technology; POS (Point of Sale software and
hardware solutions); DEL (delivery app, APIs to POS and PAY); PAY
(payment app, providing financial APIs to all other components);
KIOSK (deposit, cash and E-wallet management). For more
information: https://www.greenboxpos.com/ ;
GreenBox POS ("GRBX") is a groundbreaking technology company
that builds customized payment solutions for
a multitude of industries. The company has developed the
fastest and safest way to send and process money using Blockchain
technology. The company was awarded 5 provisional patents for its
technology. GreenBox POS develops the following main products: POS
(Point of Sale software and hardware solutions); DEL (delivery
app, APIs to POS and PAY); PAY (payment app, providing
financial APIs to all other components); KIOSK (deposit, cash and
E-wallet management). All products, services and custom hardware
are available now from GRBX. GRBX is based in California with
offices in Seattle, WA; Las Vegas, NV; Vancouver, BC, Canada; and
HQ in San Diego, CA.
For more information, visit the company’s website
at https://www.greenboxpos.com/
About Sigue Corporation:
Since 1996, the Sigue Corporation family of companies has
been dedicated to providing excellence in all aspects of money
transfer services. Pioneering the concept of the "red
phone" model for origination of transactions from independent
retail locations, Sique has since grown into one of the
top five Money Transfer Businesses having served millions of people
worldwide. In the US, Sigue holds licenses and operates in 50
states and jurisdictions while continuing its focus on expanding
its global footprint. For more information, visit the
company’s websites at https://international.sigue.com/ and https://sigue.com/.
Forward-Looking Statements Disclaimer:
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended.
All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events or future performance of the company. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which are only predictions and speak only as of the date hereof. In
evaluating such statements, prospective investors should review
carefully various risks and uncertainties identified in this
release and matters set in the company's SEC filings. These risks
and uncertainties could cause the company's actual results to
differ materially from those indicated in the forward-looking
statements.
Public Relations and Media Contact:
GreenBox POS, LLC
2305 Historic Decatur Road Ste. 100
San Diego, CA 92106
T: 619-930-5500
www.GreenBoxPOS.com
Office: 619-930-5500
Info@GreenBoxPOS.com