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Blackboxstocks Appoints Keller Reid to Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Blackboxstocks Inc. (NASDAQ: BLBX) has appointed Keller Reid to its board of directors, replacing Andrew Malloy. Reid, with over 14 years of experience in trading systems and technology, previously worked at Ackerman Capital Management and Apex Clearing. His background includes developing a patented electronic routing algorithm. CEO Gust Kepler expressed optimism about Reid's addition, highlighting that his expertise will support the company's initiative to sell proprietary technology on an enterprise level, thus expanding its addressable market.
Positive
Keller Reid's appointment may enhance the company's strategic direction with his industry knowledge.
Reid's extensive experience in trading systems and established relationships may facilitate B2B expansion.
Negative
Andrew Malloy's resignation may raise concerns about continuity in the board's strategic vision.
Reid has Extensive Experience in Strategy and Technology of Trading Systems
DALLAS--(BUSINESS WIRE)--
Blackboxstocks Inc. (NASDAQ: BLBX), (“Blackbox” or the “Company”), a financial technology and social media hybrid platform offering real-time proprietary analytics for stock and options traders of all levels, announced today that it has appointed Mr. Keller Reid to its board of directors, effective immediately. Mr. Reid replaces Andrew Malloy, who resigned.
Mr. Reid has extensive experience in the strategy and technology of trading systems. He has been at Ackerman Capital Management, a Dallas-based family office, for fourteen years and is currently responsible for trading and execution and oversees the technological infrastructure of the firm. Previously, Mr. Reid served as Vice President, Head of Execution Sales and Strategy at Apex Clearing. He joined Apex via their acquisition of Penson Clearing, where his positions included Head of Execution Services and Trading, and Chief Operating Officer of Penson Execution Services. While at Penson, Mr. Reid developed an electronic routing algorithm that was granted a patent by the United States Patent and Trademark Office, (U.S. 8015099). Mr. Reid also served as a Director of the Dallas Security Traders Association for fourteen years and was a long-standing member of the Security Traders Association Retail Roundtable and SIFMA Listed Options Trading Committee.
Gust Kepler, Chief Executive Officer of Blackboxstocks, commented, “We are extremely pleased to welcome Keller Reid as a member of our board. We believe that Keller’s vast industry knowledge and long standing relationships with leading financial institutions will benefit Blackbox as we launch an initiative to sell our proprietary technology on an enterprise level and expand our addressable market to include a B2B model.”
About Blackboxstocks, Inc.
Blackboxstocks, Inc. is a financial technology and social media hybrid platform offering real-time proprietary analytics and news for stock and options traders of all levels. Our web-based software employs "predictive technology" enhanced by artificial intelligence to find volatility and unusual market activity that may result in the rapid change in the price of a stock or option. Blackbox continuously scans the NASDAQ, New York Stock Exchange, CBOE, and all other options markets, analyzing over 10,000 stocks and up to 1,500,000 options contracts multiple times per second. We provide our users with a fully interactive social media platform that is integrated into our dashboard, enabling our users to exchange information and ideas quickly and efficiently through a common network. We recently introduced a live audio/screenshare feature that allows our members to broadcast on their own channels to share trade strategies and market insight within the Blackbox community. Blackbox is a SaaS company with a growing base of users that spans 42 countries; current subscription fees are $99.97 per month or $959.00 annually.
This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “expose,” “intend,” “may,” “might,” “opportunity,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our filings with the Securities and Exchange Commission (the “SEC”), including our reports on Forms 10-K, 10-Q, 8-K and other filings that we make with the SEC from time to time. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These risks and others described under “Risk Factors” in our SEC filings may not be exhaustive.
By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and developments in the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results or operations, financial condition and liquidity, and developments in the industry in which we operate are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods.
Disclosure Information
The Company uses and intends to continue to use its Investors website at www.blackboxstocks.com/company-overview as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor the Company’s Investors website, in addition to following the Company’s press releases, SEC filings, public conference calls, presentations and webcasts.
What is the significance of Keller Reid's appointment to Blackboxstocks Inc.?
Keller Reid's appointment is significant due to his extensive experience in trading systems, which may strengthen Blackboxstocks' strategic direction and aid its B2B expansion.
Who replaced Andrew Malloy on the board of Blackboxstocks Inc.?
Keller Reid replaced Andrew Malloy as a board member of Blackboxstocks Inc.
What experience does Keller Reid bring to Blackboxstocks Inc.?
Keller Reid brings over 14 years of experience in trading systems, having worked at Ackerman Capital Management and Apex Clearing, and developed a patented electronic routing algorithm.
How might Keller Reid's relationships benefit Blackboxstocks Inc.?
Reid's long-standing relationships with financial institutions may open new opportunities for Blackboxstocks, particularly in selling its proprietary technology on an enterprise level.
What did CEO Gust Kepler say about Keller Reid's appointment?
CEO Gust Kepler expressed pleasure in welcoming Keller Reid, believing his industry knowledge will benefit the company's initiatives and market expansion.
