Next-gen technology company GreenBox POS, LLC (OTC: GRBX) this morning provided shareholders with a corporate overview following release of its audited third quarter 2018 financials that mark completion of the company’s development stage. The company’s Blockchain TrustGateway represents approximately 95 percent of its overall revenues, while remaining revenues are driven by higher profit business activities including private label, licensing, and related operations. GRBX projects approximately $40M in gross profits in fiscal year 2019.
“We are pleased to continue to demonstrate our commitment to transparency and building long-term shareholder value as we provide the investment community a clear understanding of how GreenBox POS will generate revenue going forward,” GRBX Executive Vice President Ben Errez stated in the news release. “Following our acquisition of ASAP EXPO in April of this year, we ceased their existing operations and began leveraging all related IP rights as we continued to develop our product line, offerings and services. As we look forward to executing our growth strategy we are confident in the financial expectations being shared today as the company is now in market ready position at full capacity.”
To view the full press release, visit http://nnw.fm/m9Xys
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 www.GreenBoxPOS.com.
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