GreenBox POS, LLC (OTC: GRBX) (“GreenBox”, “GRBX”, the “Company”) is pleased to announce it has begun the process of applying to NASDAQ in order to upgrade GRBX shares to the senior exchange. The Company hired a consulting group to assist and advise on the process through successful completion. The consulting contract is a success-based compensation endeavor, as the parties demonstrate mutual trust and value. GreenBox began its journey to NASDAQ after filing its financial results for Q3/2018.
“This is a great step forward for GreenBox,” said Ben Errez, Executive Vice President and Chairman of GreenBox. “Following the business accomplishments for Q3/2018 and setup for Q4/2018 and beyond, this move is designed to add liquidity, shareholder value, and a share price reflecting the true value of the Company and its business model. The process will take a few months to complete, and we plan on being a proud member of the NASDAQ exchange in Q2/2019, making the stock available to much broader audience of qualified investors.”