GreenBox POS
(OTCPK:
GRBX) Pays Off
Significant Debt
SAN DIEGO, CA --
February 05, 2019 -- InvestorsHub
NewsWire -- GreenBox POS, LLC
("GreenBox", "GRBX",
the
"Company") is pleased to announce
that
cashflow
from
operations for January/2019 exceeded
expectations significantly.
GreenBox took advantage of the opportunity and
utilized a portion of these it
has been able to funds to repay a portion
of its debt ahead of
schedule. The remaining debt is
planned to
be retired
during the
quarter,
in preparation for GRBX NASDAQ uplisting.
"We planned for growth and
increased profitability, and it
worked. The ability to meet your
obligations is important for a growing company like
GreenBox
out," stated Ben
Errez, Executive Vice President and
Chairman of GreenBox. "I am happy we were able to
demonstrate such strength to the market and pay off debt in such a
convincing way. We value our shareholders
and are committed to building value for
them, and
so it was important for us to repay debt without
dilution."
About
GreenBox POS:
GreenBox POS
(USOTC: GRBX, "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 athttps://www.greenboxpos.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
www.GreenBoxPOS.com
Office:
619-631-8261
Info@GreenBoxPOS.com