GreenBox POS Appoints Dennis James to Board of Directors

Rhea-AI Summary

GreenBox POS (NASDAQ: GBOX) announced the appointment of Dennis James to its Board of Directors to enhance governance and expertise in banking services, government relations, and acquisitions. Mr. James has over 45 years of experience in banking and M&A, previously serving as Executive VP at Bank OZK. His addition is expected to bolster the company's growth as it increases client adoption and processing volumes for its blockchain technology. Chairman Ben Errez emphasizes the strategic benefits of Mr. James's extensive background in mergers and acquisitions.

Positive

• Appointment of Dennis James to the Board enhances governance and expertise.
• James brings over 45 years of experience in banking and M&A.
• Expected positive impact on company growth due to James's strategic insights.

Negative

• None.

SAN DIEGO, CA, May 05, 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 Dennis James, a seasoned banking professional, to the Board of Directors effective immediately, in a move to enhance the Company’s governance and knowledge pool relating to banking services, government relations, and acquisitions execution.

Mr. James is an accomplished financial executive with over 45 years of banking, accounting and M&A experience, with both public and private companies. He currently serves as Executive Vice President and Director of Mergers/Acquisitions and Regulatory/Government Relations of Bank OZK (the “Bank”). He has served as the Director of Mergers/Acquisitions of the Bank since 2012, Executive Vice President since 2014 and the Director of Regulatory/Government Relations since 2018. Mr. James initially joined the Bank in 1981 as its Chief Financial Officer and a member of its board of directors. In November 1984, he left the Bank to serve as Vice Chairman and Chief Operating Officer of LSI Financial Group. In 2005, Mr. James rejoined the Bank and moved to the Dallas area to serve as its North Texas Division President, returning to Little Rock in 2012 as he assumed his current role as the Bank’s Director of Mergers/Acquisitions. He has served as board member for a variety of private companies and nonprofits. Mr. James graduated from the University of Arkansas with honors, receiving a B.S.B.A. degree with a major in accounting.

“We are privileged to welcome Dennis to the Board, bringing valuable experience and insight in several key areas that GreenBox will benefit from, including mergers and acquisitions, government relations, operational and risk management, regulatory compliance reporting, and corporate governance/internal controls,” said Ben Errez, Chairman of the Board of GreenBox POS. “Over the course of his impressive career, he has acquired tremendous expertise and demonstrated outstanding ability as a strategic leader. As we chart an ambitious course for the future of GreenBox, we look forward to his contribution and insight.”

Mr. James added, “GreenBox has seen impressive adoption of its proprietary blockchain technology, with the ongoing ramp-up of clients and processing volume. I look forward to contributing to GreenBox’s future growth and success as the Company launches its smart-contract token technology and continues to see strong momentum in 2021.”

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 Dennis James and what is his role at GreenBox?

Dennis James is a newly appointed board member of GreenBox POS, bringing over 45 years of financial and banking expertise.

What are the expected benefits of appointing Dennis James to the Board of GreenBox?

His appointment is expected to enhance governance and provide valuable insights in mergers, acquisitions, and regulatory compliance.

When was Dennis James appointed to the Board of GreenBox POS?

Dennis James was appointed to the Board effective immediately on May 5, 2021.

How does Dennis James's experience benefit GreenBox POS?

James's extensive banking and M&A background is anticipated to strengthen GreenBox's strategic planning and operational efficiency.