Usio Announces Appointment of Ernesto Beyer to its Board of Directors
August 31 2020 - 9:00AM
Usio, Inc. (Nasdaq: USIO), an integrated electronic payment
solutions provider, today announced the appointment of Ernesto
Beyer to its Board of Directors, effective August 29, 2020. Mr.
Beyer will serve as a member of the Company’s Audit, Compensation,
and Nominations and Corporate Governance Committees. Mr. Beyer will
replace Mr. Miguel Chapa, who unexpectedly passed away on August
19, 2020.
Ernesto Beyer, 50, has over 25 years of experience in
international trade and is currently serving as Latin America
Market Manager of Xcoal Energy & Resources, an American company
that is the largest exporter of mineral coal from the United
States. Mr. Beyer has developed and established commercial
relationships with some of the largest steel producing companies
and power utilities in Latin America, including government owned
entities. Earlier in his career, Mr. Beyer held managerial and
leadership positions as a Plant Manager at one of Trinity
Industries, Inc. railcar manufacturing facilities in Mexico where
he led operations from startup to full capacity production. Mr.
Beyer received his MBA in International Business from the
University of Texas at San Antonio in 1995. Mr. Beyer also received
a B.S. in Electronics and Communications Engineering from Monterrey
Institute of Technology and Higher Education in Monterrey, Mexico
in 1991.
Michael Long, Chairman of Usio, stated, “We are pleased to
welcome Mr. Beyer to the Board. Mr. Beyer brings a wealth of
experience and knowledge to our current Board of Directors. The
addition of Mr. Beyer to the Board complements our Board’s skills
and experiences, and we look forward to incorporating his
input.”
With the appointment of Mr. Beyer to the Board including the
committees on Audit, Compensation, and Nominating and Governance,
the Company has now regained compliance with Nasdaq’s corporate
governance rules.
About Usio, Inc.
Usio, Inc. (Nasdaq: USIO), a leading integrated payment
solutions provider, offers a wide range of payment solutions to
merchants, billers, banks, service bureaus, and card issuers. The
Company operates credit, debit/prepaid, and ACH payment processing
platforms to deliver convenient, world-class payment solutions and
services to their clients. The strength of the Company lies in its
ability to provide tailored solutions for card issuance, payment
acceptance, and bill payments as well as its unique technology in
the prepaid sector. Usio is headquartered in San Antonio, Texas,
and has offices in Austin, Texas, and Franklin, Tennessee, just
outside of Nashville.Websites: www.usio.com,
www.singularpayments.com, www.payfacinabox.com, and
www.akimbocard.com. Find us on Facebook® and Twitter.
FORWARD-LOOKING STATEMENTS DISCLAIMER
Except for the historical information contained herein, the
matters discussed in this release include forward-looking
statements which are covered by safe harbors. Those statements
include, but may not be limited to, all statements regarding
management's intent, belief and expectations, such as statements
concerning our future and our operating and growth strategy. These
forward-looking statements are identified by the use of words such
as "believe," "intend," "look forward," "anticipate," "schedule,”
and "expect" among others. Forward-looking statements in this press
release are subject to certain risks and uncertainties inherent in
the Company's business that could cause actual results to vary,
including risks related to the COVID-19 pandemic and its effect on
the economy, risks related to the realization of the anticipated
opportunities from the Singular acquisition, the management of the
Company's growth, the loss of key resellers, the relationships with
the Automated Clearinghouse network, bank sponsors, third-party
card processing providers and merchants, the security of our
software, hardware and information, the volatility of the stock
price, the need to obtain additional financing, risks associated
with new tax legislation, and compliance with complex federal,
state and local laws and regulations, and other risks detailed from
time to time in the Company's filings with the Securities and
Exchange Commission including its annual report on Form 10-K for
the fiscal year ended December 31, 2019. One or more of these
factors have affected, and in the future, could affect the
Company’s businesses and financial results in the future and could
cause actual results to differ materially from plans and
projections. The Company believes that the assumptions underlying
the forward-looking statements included in this release will prove
to be accurate. In light of the significant uncertainties inherent
in the forward-looking statements included herein, the inclusion of
such information should not be regarded as a representation by us
or any other person that the objectives and plans will be achieved.
All forward-looking statements made in this release are based on
information presently available to management. The Company assumes
no obligation to update any forward-looking statements, except as
required by law.
Contact
Joe Hassett, Investor RelationsGregory
FCAjoeh@gregoryfca.com484-686-6600
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