NetworkNewsBreaks – GreenBox POS, LLC (GRBX) Pro
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Posted On: 11/21/2018 4:41:00 PM
NetworkNewsBreaks – GreenBox POS, LLC (GRBX) Provides Q4 2018 and FY 2018 Shareholder Update
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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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