Nayax to Partner With Five Star's Feeding the Future Charitable Golf Tournament on September 23, 2024

Rhea-AI Summary

Nayax (Nasdaq: NYAX; TASE: NYAX) has announced its sponsorship of Five Star's 2024 Feeding the Future Golf Classic in Chattanooga, Tennessee on September 23, 2024. This marks Nayax's fourth consecutive year as a sponsor. The event, founded by Five Star Breaktime Solutions in 2017, aims to provide meals to children in need and has raised over $1 million for food banks and charitable organizations.

Nayax is introducing a new handheld point-of-sale (POS) system for donations, powered by their end-to-end payment solution. This partnership builds on Nayax's existing relationship with Five Star, which began in 2019 when Five Star selected Nayax as their exclusive cashless technology partner and VendSys as their Vending Management System.

Positive

• Nayax is sponsoring a charitable event for the fourth consecutive year, demonstrating corporate social responsibility
• Introduction of a new handheld POS system for donations, potentially increasing donation efficiency
• Continued partnership with Five Star since 2019, indicating a stable business relationship

Negative

• None.

Nayax is proud to be a sponsor of Feeding the Future’s Golf Classic for the fourth consecutive year

HERZLIYA, Israel, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a global commerce enablement payments and loyalty platform designed to help merchants scale their business, today announced that it will sponsor Five Star's 2024 Feeding the Future Golf Classic in Chattanooga, Tennessee on September 23, 2024.

Founded in 2017 by Chattanooga-based Five Star Breaktime Solutions, a provider of on-site food and beverage services for workplaces nationwide, Feeding the Future is a 501(c)(3) nonprofit dedicated to providing meals to children in need. The annual Golf Classic combines fun, philanthropy, and community to raise funds for Feeding the Future, and has raised over $1 million for food banks and other charitable organizations.

This year, Nayax and Feeding the Future are taking their partnership further by introducing a new handheld point-of-sale (POS) system for donations. Powered by Nayax’s end-to-end payment solution, the new POS system will make donating simple, convenient, and frictionless.

The Nayax Group and Five Star have maintained a deep partnership since 2019, when Five Star selected Nayax as their exclusive cashless technology partner and VendSys as their Vending Management System (VMS). Five Star chose Nayax's complete payment, management, and embedded loyalty suite because it streamlined operations across all their branches, created revenue lift through payment optimization and customizable loyalty programs, and provided data dissemination options and tailored reporting so management could have the visibility to make impactful real-time decisions. Nayax remains committed to delivering innovative solutions in payments, management software, consumer engagement, and integrated POS devices, empowering retailers like Five Star to continue leading the industry and providing consumers the highest caliber of Breaktime Solutions.

“We’re proud to continue our support of Feeding the Future since the mission directly impacts the lives and well-being of so many in need,” said Carly Furman, CEO of Nayax LLC. “Giving back to communities is at the heart of what we do, and we’re excited to introduce new technology that will make it even easier for participants and donors to contribute to this grass-roots cause.”

“Nayax’s generous support strengthens our mission to combat hunger,” said Richard Kennedy, President and CEO of Five Star Breaktime Solutions. “We’re proud to partner with Nayax and grateful for their commitment to Feeding the Future and its impact on those in need.”

The tournament will be held at the Chattanooga Golf and Country Club at 12pm ET on September 23, 2024. For more information, please visit: https://www.feedingthefuture.org/golf-tournament.

About Nayax
Nayax is a global commerce enablement, payments and loyalty platform designed to help merchants scale their business. Nayax offers a complete solution including localized cashless payment acceptance, management suite, and loyalty tools, enabling merchants to conduct commerce anywhere, at any time. As a global leader in serving unattended retail, Nayax has transformed into a comprehensive solution focused on our customers' growth across multiple channels. As of June 30, 2024, Nayax has 11 global offices, approximately 1,100 employees, connections to more than 80 merchant acquirers and payment method integrations and is globally recognized as a payment facilitator. Nayax's mission is to improve its customers' revenue potential and operational efficiency. For more information, please visit www.nayax.com.

About Feeding the Future

Feeding the Future is a 501c3 non-profit foundation, which aims to provide meals for children. The foundation was created by Five Star Breaktime Solutions in 2017, a company that provides on-site food and beverage service for workplaces nationwide. Feeding the Future serves cities like Atlanta, Nashville, Knoxville, Chattanooga, Cincinnati, Louisville, Evansville, New Orleans, Lafayette, Mobile, Pensacola, Huntsville, Tupelo, Macon, Columbus, Savannah, and others.

Forward-Looking Statements
This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “estimate” and “potential,” among others. Forward-looking statements include, but are not limited to, statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to of various factors, including, but not limited to: our expectations regarding general market conditions, including as a result of the COVID-19 pandemic and other global economic trends; changes in consumer tastes and preferences; fluctuations in inflation, interest rate and exchange rates in the global economic environment; the availability of qualified personnel and the ability to retain such personnel; changes in commodity costs, labor, distribution and other operating costs; our ability to implement our growth strategy; changes in government regulation and tax matters; other factors that may affect our financial condition, liquidity and results of operations; general economic, political, demographic and business conditions in Israel, including the ongoing war in Israel that began on October 7, 2023 and global perspectives regarding that conflict; the success of operating initiatives, including advertising and promotional efforts and new product and concept development by us and our competitors; and other risk factors discussed under “Risk Factors” in our annual report on Form 20-F filed with the SEC on February 28, 2024 (our "Annual Report"). The preceding list is not intended to be an exhaustive list of all of our forward-looking statements. The forward-looking statements are based on our beliefs, assumptions and expectations of future performance, taking into account the information currently available to us. These statements are only estimates based upon our current expectations and projections about future events. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements. In particular, you should consider the risks provided under “Risk Factors” in our Annual Report. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Each forward-looking statement speaks only as of the date of the particular statement. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.

Public Relations Contact:
Scott Gamm
Strategy Voice Associates
Scott@strategyvoiceassociates.com

Investor Relations Contact:
Aaron Greenberg
Chief Strategy Officer
Aarong@nayax.com

FAQ

When and where is the Feeding the Future Golf Classic sponsored by Nayax (NYAX) taking place?

The Feeding the Future Golf Classic sponsored by Nayax (NYAX) is taking place on September 23, 2024, at the Chattanooga Golf and Country Club in Chattanooga, Tennessee.

What new technology is Nayax (NYAX) introducing at the 2024 Feeding the Future Golf Classic?

Nayax (NYAX) is introducing a new handheld point-of-sale (POS) system for donations, powered by their end-to-end payment solution, to make donating simple, convenient, and frictionless.

How long has Nayax (NYAX) been sponsoring the Feeding the Future Golf Classic?

Nayax (NYAX) has been sponsoring the Feeding the Future Golf Classic for four consecutive years, as stated in the press release.

What is the purpose of the Feeding the Future Golf Classic sponsored by Nayax (NYAX)?

The Feeding the Future Golf Classic, sponsored by Nayax (NYAX), aims to raise funds to provide meals to children in need. It has raised over $1 million for food banks and other charitable organizations since its inception.