SAN DIEGO, June 14, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire – GreenBox POS, LLC the ("Company"), (USOTC:GRBX) is pleased to announce that QuickCard, the company's latest Blockchain payment and E-Wallet technology development has now passed all deployment criteria, including release criteria and compliance requirements. This robust, world class technology, is now available for most platforms, and will gradually replace existing installations of GreenBox payment technology and be the only available payment infrastructure for new clients moving forward. The company's flagship product, taking full advantage of Blockchain benefits like security, privacy, reliability and extendibility, is also the first system to offer instant settlement capabilities and an end-to-end, natively-integrated product suite. GreenBox existing and new clients have lined up to be among the first to adopt the new technology, and full-scale installations are now ongoing. The company already sees a dramatic improvement to earning quality and predictability, and expects this trend to persist. GreenBox's success in securing robust commitments pipeline to deploy the new technology created opportunities in several new business verticals for the company. As a result, updated gross revenues projections reflecting that for the next 18 months have more than doubled.
About GreenBox POS, LLC:
GreenBox POS ("GRBX") is a hardware and software technology company that builds customized payment solutions to different industries. GRBX is based in California with offices in Seattle, WA; Las Vegas, NV; Vancouver, BC, Canada; and HQ in San Diego, CA. The company develops individual disruptive applications integrated in an end-to-end suite of financial products, supporting multiple industries and with an emphasis on Blockchain secured ledger technology. The company was awarded 5 provisional patents for its technology. GreenBox POS develops the following main products: POS (Point of Sale software and hardware solutions); DEL (delivery app, APIs to POS and PAY); PAY (payment app, providing financial APIs to all other components); KIOSK (deposit, cash and E-wallet management). All products, services and custom hardware are available now from GRBX.
Forward-Looking Statements Disclaimer:
This press 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. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.
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GreenBox POS, LLC
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