SAN DIEGO, Aug. 23, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- GreenBox POS, LLC (USOTC: GRBX), ("GreenBox", "the Company"), announced today it received notification from OTCMarkets yesterday August 22, 2018 that it will be required to re-file its disclosure information and most recent Form 10-Q in order to effectively state its corporate structure and meet the OTCQB transparency requirements.
GreenBox Executive VP Ben Errez stated, "As the Company and its legal counsel navigated the transition of control earlier this year, we understand the level of clarity and transparency required by OTCMarkets was not achieved. Management has identified the issues and is currently expediting the required re-filings to ensure all Company information is properly disclosed to investors in a timely manner."
About GreenBox POS, LLC:
GreenBox POS ("GRBX") is a groundbreaking technology company that builds customized payment solutions for a multitude of industries. The company has developed the fastest and safest way to send and process money using Blockchain 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. GRBX is based in California with offices in Seattle, WA; Las Vegas, NV; Vancouver, BC, Canada; and HQ in San Diego, CA.
For more information, visit the company's website at https://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 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.
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GreenBox POS, LLC