GreenBox POS Announces Strategic Acquisition

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GreenBox (NASDAQ:GBOX), an innovative blockchain-powered financial technology company, today announced it has entered into a binding agreement to acquire Roark Holdings Ltd, a UK-based licensed payment institution, in an all-share transaction for 150,000 shares. A respected payment institution, Roark Holdings T/A Paysos.com allows the licensor to process credit and debit card payments and domestic payments within the UK With purchase, GreenBox achieves an important strategic objective of expansion across multiple markets, made possible by using the technology capabilities of Roark Holdings. The main drivers of the acquisition were Roark Holdings’ infrastructure and cutting-edge software. “The accumulation of a range of technologies is vital to our long-term growth strategy, as GreenBox advances further toward global expansion,” said Puya Mogavim, President of Business Development. “This strategic deal enables us to significantly increase GreenBox’s market share in this opportunistic market.”

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About GreenBox POS

GreenBox is a financial technology startup that leverages the security of the private blockchain to build customized payment solutions. The company’s applications enable a comprehensive suite of ready-to-use financial products, helping to reduce fraud and improve the efficiency of handling large-scale trade processing volumes for its global merchant customers. For more information, please visit the company’s website at www.GreenBoxPOS.com.

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