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NORTHRIDGE, Calif., Feb. 17, 2021 (GLOBE NEWSWIRE) — by way of NewMediaWire – Innovative Payment Solutions, Inc. (OTCQB: IPSI) (“Progressive” or the “Firm”), a Southern California primarily based fintech firm centered on constructing a 21st century digital fee answer, IPSIPay, is happy to announce that the Firm has efficiently raised $2,000,000 {dollars} on the market closing worth of 23 cents per share on Tuesday, February 16, 2021. This spherical of funding comes from our present institutional buyers and proceeds can be used for the Firm’s normal functions, advertising and know-how construct out. On February 4th, 2021 the Firm introduced that it raised roughly $600,000 {dollars} at 4.5 cents per share from its present institutional buyers and the Firm intends to purchase again this financing via the brand new spherical of funding with the intention to improve shareholder worth.
William Corbett, CEO of Progressive Cost Options, Inc., commented, “We’re constantly striving to construct our Firm as a premier fee service supplier within the digital house via implementation of our know-how, specializing in serving small companies, in addition to unbanked and underbanked customers.”
Robert Klimov, Managing Associate of Bellridge Capital LP., added, “We began investing within the Firm at an early stage and proceed to indicate our loyalty and help. We imagine Progressive is creating a fee options ecosystem that may develop into invaluable to communities all over the world.”
About Progressive Cost Options, Inc.
Progressive Cost Options, Inc. strives to supply innovative digital fee options for customers and repair suppliers. Progressive’s ecosystem will span a number of units similar to self-service kiosks, cellular purposes and POS terminals providing different fee strategies to satisfy the wants of customers and repair suppliers. (investor.ipsipay.com)
SAFE HARBOR STATEMENT
This press launch incorporates forward-looking statements throughout the that means of the Personal Securities Litigation Reform Act of 1995. All statements aside from statements of historic reality contained on this press launch are forward-looking statements. In some case, forward-looking statements may be recognized by terminology similar to “anticipate,” “imagine,” “can,” “proceed,” “might,” “estimate, “count on,” “intend,” “could,” “plan,” “potential,” “predict,” “challenge,” “ought to,” or “will” or the or the destructive of those phrases or different comparable terminology and embody statements concerning funding coming from present institutional buyers, statements concerning proceeds can be used for the Firm’s normal functions, advertising and know-how construct out, statements concerning the intention to purchase again this financing via this new spherical of funding, and statements concerning the purchase again of funding will protect shareholder worth.
These forward-looking statements are primarily based on expectations and assumptions as of the date of the press launch and are topic to a variety of dangers and uncertainties, a lot of that are troublesome to foretell that would trigger precise outcomes to vary materially from present expectations and assumptions from these set forth or implied by any forward-looking statements. Necessary components that would trigger precise outcomes to vary materially from present expectations embody, amongst others, our potential to make use of funding for the Firm’s normal functions, advertising and know-how construct out, our potential to purchase again financing via this new spherical of funding, our potential to protect shareholder worth, our potential to construct our Firm as a premier fee service supplier within the digital house, our potential to place Progressive for future profitability, the period and scope of the COVID-19 outbreak worldwide, together with the influence to the economic system in California and Mexico, and the opposite components mentioned within the Firm’s Annual Report on Type 10-Ok for the 12 months ended December 31, 2019 and the Firm’s subsequent filings with the SEC, together with subsequent periodic studies on Kinds 10-Q and 8-Ok. The knowledge on this launch is offered solely as of the date of this launch, and the Firm undertakes no obligation to replace any forward-looking statements contained on this launch on account of recent data, future occasions, or in any other case, besides as required by legislation.
For investor inquiries please name (818) 864-4004 or electronic mail data@ipsipay.com
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