SAN ANTONIO, June 14, 2021 (GLOBE NEWSWIRE) – Usio, Inc: (Nasdaq: USIO), a provider of FinTech and integrated electronic payment solutions, today announced that its common shares have been approved for listing on the Nasdaq Global Market®. Common shares will begin trading on the Nasdaq Global Market® June 15e under the Company’s current ticker symbol – USIO.
“Uplisting of our actions on the global Nasdaq market® is a milestone that builds on the positive momentum generated by our growing series of record transaction processing results, ”said Louis Hoch, President and CEO of Usio. “In addition to increasing our visibility in the market, we expect that this listing increase will improve the liquidity of our shares, further broaden our institutional shareholder base and ultimately improve long-term shareholder value. Additionally, we expect this roster increase to further enhance our ability to execute our multi-channel growth strategy and optimize the Company’s return on invested capital. “
A listing on the Nasdaq Global Market® is considered an indicator of status and success for companies eligible for listing. Listed companies must meet strict financial, liquidity and corporate governance requirements, both initially and permanently.
About Usio, Inc.
Usio, Inc. (Nasdaq: USIO), a leading provider of FinTech integrated payment solutions, offers a wide range of payment solutions to merchants, billers, banks, service desks, crypto exchanges and card issuers. The Company operates credit, debit / prepaid and ACH payment processing platforms to provide convenient, world-class payment solutions and services to their customers. The strength of the Company lies in its ability to provide tailor-made solutions for card issuance, payment acceptance and bill payments, as well as its unique technology in the prepaid industry. Usio is headquartered in San Antonio, Texas, and has offices in Austin, Texas and Franklin, Tennessee, just outside of Nashville.
Websites: www.usio.com, www.payfacinabox.com, www.akimbocard.com and www.usiooutput.com.
DISCLAIMER ON FORWARD-LOOKING STATEMENTS
With the exception of historical information contained in this document, the matters discussed in this press release include forward-looking statements which are covered by safety regulations. These statements include, but are not limited to, all statements regarding the intentions, beliefs and expectations of management, such as statements regarding our future and our operating and growth strategy. These forward-looking statements are identified by the use of words such as “believe”, “intend”, “intend”, “anticipate”, “expect” and “expect” among others. Forward-looking statements in this press release are subject to certain risks and uncertainties inherent in the Company’s business that could cause actual results to vary, including risks related to an economic downturn resulting from the COVID-19 pandemic, the realization of opportunities arising from the acquisition of IMS, managing the growth of the Company, loss of key resellers, relationships with the Automated Clearinghouse network, bank sponsors, card processing providers and third party merchants, security our software, hardware and information, the volatility of stock prices, the need to obtain additional financing, the risks associated with new tax laws and compliance with complex federal, state and local laws and regulations, and other risks detailed from time to time in documents filed by the Company with the Securities and Exchange Commission , including its annual report on Form 10-K for the year ended December 31, 2020. One or more of these factors has affected, and may in the future, affect the business and financial results of the Company at the future and could cause actual results to differ materially from plans and projections. The Company believes that the assumptions underlying the forward-looking statements included in this press release will prove to be correct. In light of the significant uncertainties inherent in the forward-looking statements included in this document, the inclusion of this information should not be taken as a representation by us or any other person that the objectives and plans will be achieved. All forward-looking statements made in this press release are based on information currently available to management. The Company assumes no obligation to update forward-looking statements, except as required by law.
Joe Hassett, Investor Relations