Clip announces the promotion of Brian Bailey to President

Rhea-AI Summary

Clip Money, Inc. (TSXV:CLIP) (OTCQB:CLPMF) has announced the promotion of Brian Bailey from Chief Operating Officer to President, effective immediately. Bailey will focus on enhancing investor relations while continuing to oversee the company's operations. Since joining Clip in 2021, he has played a crucial role in launching the U.S. network, attracting interest from major enterprise retailers. His previous experience includes senior positions at Cardtronics and NCR Financial Services. CEO Joseph Arrage praised Bailey’s leadership and industry knowledge as vital for future expansion in North America. Clip Money provides innovative cash management solutions through a network of secure drop box locations, improving the deposit experience for businesses.

Positive

• Brian Bailey's promotion may enhance investor relations.
• Bailey's extensive industry experience positions Clip for growth.
• Successful U.S. network launch indicates strong market interest.

Negative

• None.

OTTAWA, April 25, 2023 (GLOBE NEWSWIRE) -- Clip Money, Inc. (“Clip”) (TSXV:CLIP) (OTCQB: CLPMF), a first-to-market cash deposit solution that brings fast, convenient, cost-effective cash management to businesses, is proud to announce the promotion of Brian Bailey from Chief Operating Officer (COO) to President, effective immediately. In his new role, Bailey will have a more active role with the companies’ investor base, working to build relationships that support investment opportunities to enhance Clip’s growth, while continuing to lead the company’s operating performance and growth.

Bailey has been with Clip since 2021 and has been instrumental in Clip’s U.S. network launch that has garnered the attention, interest and usage from some of the leading enterprise retailers. Bailey brings over 25 years of financial services technology experience with domain expertise in the consumer transaction technology sector. Most recently, Brian was the EVP and Managing Director NA at Cardtronics plc (Nasdaq: CATM), the world’s largest independent ATM operator, overseeing the company’s +$800M NA business. Prior to joining Cardtronics, Mr. Bailey served as VP & GM, Global Product Management for NCR Financial Services where he was responsible for the growth and profitability for all solution lines. Brian also held several management positions while at NCR in the areas of Sales, Marketing, and Strategy, including assignments in Europe and Asia-Pacific.

“Brian has been a valued member of the Clip team, and I am excited to see him take on this new role as President,” said Clip CEO, Joseph Arrage. “His dedication, leadership and extensive industry experience make him the perfect person to take on this important responsibility as the company looks ahead to further North American expansion.”

“I am honored to take on this new role at Clip,” said Bailey. “I look forward to working more closely with our investors and other stakeholders to accelerate our growth and market penetration as a customer-first company that delivers transformative deposit solutions to businesses of all sizes.”

About Clip
Clip Money, Inc. (TSXV:CLIP) (OTCQB:CLPMF) is an infrastructure enabled Fintech that provides the fastest and easiest way for businesses to make deposits securely to their current business bank account through a national network of smart drop box locations in malls, big box stores, and grocery chains. Clip Money, Inc. improves the business deposit experience through transformational digital and mobile enabled platform services. In 2022, Clip announced strategic collaborations with Brookfield Properties, BentallGreenOak (BGO), Simon^®, Invicta, Pepper Palace, with additional announcements pending.

For further information, please contact:

JosephArrage
Chief Executive Officer
tel: 844-593-2547

FAQ

What is the significance of Brian Bailey's promotion at Clip Money (CLPMF)?

Brian Bailey's promotion to President signifies a strategic move to strengthen investor relations and operational leadership as Clip focuses on growth.

How has Brian Bailey contributed to Clip Money before his promotion?

Bailey has been instrumental in launching Clip's U.S. network and attracting major enterprise retailers since joining in 2021.

What does Clip Money specialize in?

Clip Money provides fast and cost-effective cash management solutions through secure deposit drop box locations.

What are the future plans for Clip Money after Bailey's promotion?

Under Bailey's leadership, Clip aims to focus on North American expansion and enhancing market penetration.

What is the stock symbol for Clip Money?

Clip Money is traded under the ticker symbol CLPMF on the OTCQB.