Usio Announces Expansion of Board of Directors with Appointment of Michelle Miller
Usio, Inc. (Nasdaq: USIO) announced the appointment of Michelle Miller to its Board of Directors, effective June 22, 2022. With over 25 years of experience in banking, particularly in private banking and business development, Miller currently serves as Senior Vice President at Broadway Bank. She enriches the board's expertise by joining the Audit and Compensation Committees, which now brings the board's total to six members. Louis Hoch, the Vice-Chairman, expressed confidence in her ability to provide valuable insights to the company.
- Michelle Miller's extensive banking experience and business development expertise may strengthen the Board's overall skill set.
- Her appointment could drive better governance and strategic direction for Usio.
- Concerns may arise regarding board continuity and the experience gap with new members.
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SAN ANTONIO, June 22, 2022 (GLOBE NEWSWIRE) -- Usio, Inc. (Nasdaq: USIO), a leading cloud-based FinTech integrated payment solutions provider, today announced the appointment of Michelle Miller to its Board of Directors effective June 22, 2022. Mrs. Miller will serve as a member of the Company’s Audit and Compensation Committees, expanding the size of the Board to six.
Michelle Miller, age 51, has over 25+ years of experience in banking, specializing in private banking, lending and business development. For the past 13 years, she has served as the Senior Vice President of Private Banking and other executive roles for Broadway Bank, the largest independent bank in San Antonio, Texas. Before Broadway, she was a Private Banker for JPMorgan. She has held various other roles, primarily in lending, with Sterling Bank and InterContinental National Bank.
Mrs. Miller received her BBA in Marketing from the University of Texas in 1993. She is very active in her local community, having served or is serving on the Boards of many non-profits and Councils, including the Municipal Golf Association of San Antonio, The Guide Dogs of Texas, United Way of San Antonio, Southwest Foundation for Biomedical Research, Boys and Girls Club of San Antonio and Family Violence Prevention Service/Battered Women’s Shelter.
Louis Hoch, Vice-Chairman of Usio, stated, “We are pleased to welcome Mrs. Miller to the Board. Mrs. Miller brings a wealth of banking and business development experience and complements our Board’s skill sets with her vast banking experience. We look forward to her valuable input.”
About Usio, Inc.
Usio, Inc. (Nasdaq: USIO), a leading, cloud-based, integrated FinTech electronic payment solutions provider, offers a wide range of payment solutions to merchants, billers, banks, service bureaus, crypto exchanges, and card issuers. The Company operates credit, debit/prepaid, and ACH payment processing platforms to deliver convenient, world-class payment solutions and services to their clients. The company, through its Usio Output Solutions division offers services relating to electronic bill presentment, document composition, document decomposition and printing and mailing services. The strength of the Company lies in its ability to provide tailored solutions for card issuance, payment acceptance, and bill payments as well as its unique technology in the prepaid sector. Usio is headquartered in San Antonio, Texas, and has offices in Austin, Texas, and Franklin, Tennessee, just outside of Nashville.
Websites: www.usio.com, www.payfacinabox.com, www.akimbocard.com and www.usiooutput.com. Find us on Facebook® and Twitter.
FORWARD-LOOKING STATEMENTS DISCLAIMER
Except for the historical information contained herein, the matters discussed in this release include forward-looking statements which are covered by safe harbors. Those statements include, but may not be limited to, all statements regarding management's intent, belief, and expectations, such as statements concerning our future and our operating and growth strategy. These forward-looking statements are identified by the use of words such as "believe," "intend," "look forward," "anticipate," "schedule,” and "expect" among others. Forward-looking statements in this press release are subject to certain risks and uncertainties inherent in the Company's business that could cause actual results to vary, including such risks related to an economic downturn as a result of the COVID-19 pandemic, the realization of opportunities from the IMS acquisition, the management of the Company's growth, the loss of key resellers, the relationships with the Automated Clearinghouse network, bank sponsors, third-party card processing providers and merchants, the security of our software, hardware and information, the volatility of the stock price, the need to obtain additional financing, risks associated with new tax legislation, and compliance with complex federal, state and local laws and regulations, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission including its annual report on Form 10-K for the fiscal year ended December 31, 2021. One or more of these factors have affected, and in the future, could affect the Company’s businesses and financial results in the future and could cause actual results to differ materially from plans and projections. The Company believes that the assumptions underlying the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that the objectives and plans will be achieved. All forward-looking statements made in this release are based on information presently available to management. The Company assumes no obligation to update any forward-looking statements, except as required by law.
Contact:
Joe Hassett, Investor Relations
joeh@gregoryfca.com
484-686-6600
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