GreenBox POS Announces the Appointment of Payment Industry Executive, Carl Williams, to Board of Directors

Rhea-AI Summary

GreenBox POS (NASDAQ: GBOX) has appointed Carl J. Williams to its Board of Directors to enhance governance and international payment expertise. Williams, with extensive experience in the payment industry, previously served as CEO & Chairman at Planet Payment, which operated in 55 countries. His leadership is expected to support GreenBox's strategy in global payment digitalization and token deployment. Chairman Ben Errez emphasized Williams' deep knowledge as crucial for the company’s expansion goals. This appointment aims to strengthen GreenBox’s position in the rapidly evolving payments landscape.

Positive

• Appointment of Carl J. Williams adds extensive payment industry expertise.
• Williams’ experience in international payment services supports GreenBox's global expansion strategy.
• The Board expects Williams to enhance governance and knowledge in payment technology.

Negative

• None.

SAN DIEGO, CA, May 06, 2021 (GLOBE NEWSWIRE) -- GreenBox POS (NASDAQ: GBOX) ("GreenBox" or the "Company"), an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions, announced that the Board of Directors has appointed Carl J. Williams to the Board of Directors. In a move to enhance the Company’s governance and knowledge pool relating to international payment services and technology, GreenBox extended an offer to Mr. Williams to serve as a member of the Company’s Board of Directors and he accepted and will immediately join the Board.

Carl J. Williams brings a tenured history in the payment space to GreenBox including a track record of founding payments and card processing companies along with several high-profile industry positions. Most recently, he served as CEO & Chairman of the Board of Planet Payment, Inc. an international payment processing and multi- currency solutions company. Planet Payment provided its service offerings in 55 countries. Mr. Williams served as a Director starting in August 2013, was elevated to President in November 2013, and made CEO and Chairman in February 2014. In 2018, Planet Payment was sold to Eurazeo, a French Private Equity firm. He continued as CEO until March 2020.

Other prior experience in payments includes serving as the President of Worldwide Payment Processing for Global Payments from 2004 to 2009, during which time he resided in Europe and Asia. Upon returning to the United States, he remained as an Advisor to Global Payments on Business Development and International Operations from 2009 to 2013. He also served as Managing Director of Pay Anywhere LLC, a mobile credit card processor. Mr. Williams currently serves as the Chairman of the Board for General Cannabis Corp.

Mr. Williams commented "GreenBox presents an exciting opportunity to apply industry expertise and experience to a company at the forefront of global payment digitalization. I look forward to working with Ben and Fredi as well as the rest of the Board to help the Company execute on its strategy and rapidly gain market share in the payments space.”

"Carl adds great depth to GreenBox given his knowledge and tenure in the financial payments space making him a natural complement to the Board,” said Ben Errez, Chairman of the Board of GreenBox. “Carl’s expertise in payment processing on a global basis will be critical as GreenBox deploys its token strategy enabling what we believe will be our rapid expansion around the world. We are pleased to add him as an independent director to our Board.”

About GreenBox POS

GreenBox POS (NASDAQ: GBOX) is an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions. The Company's applications enable an end-to-end suite of turnkey financial products, reducing fraud and improving the efficiency of handling large-scale commercial processing volumes for its merchant clients globally. For more information, please visit the Company's website at 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 out 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.

Investor Relations Contact
Mark Schwalenberg
MZ Group - MZ North America
312-261-6430
GBOX@mzgroup.us
www.mzgroup.us

FAQ

Who is Carl J. Williams and what is his role at GreenBox?

Carl J. Williams has been appointed to the Board of Directors of GreenBox POS, bringing extensive industry experience in payment processing.

What previous roles has Carl J. Williams held?

Williams previously served as CEO & Chairman of Planet Payment and held significant positions in Global Payments and Pay Anywhere.

How will Carl J. Williams' appointment impact GreenBox?

His appointment aims to leverage his payment industry expertise to support GreenBox's growth and global market strategy.

What does GreenBox POS specialize in?

GreenBox POS specializes in customized payment solutions leveraging blockchain technology.