GreenBox POS Announces Company Record Processing Volume of $315 million in First Quarter 2021, 140% Sequential Growth

Company to Report First Quarter 2021 Financial Results on Thursday, May 13th at 4:30 p.m. Eastern Time

SAN DIEGO, CA, May 05, 2021 (GLOBE NEWSWIRE) -- GreenBox POS (NASDAQ: GBOX) ("GreenBox", the "Company"), an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions announced the company processed a record $315 million in transaction volume during the first quarter 2021 representing 140% growth sequentially from $131 million during the fourth quarter 2020. GreenBox will release financial results for the first quarter 2021 after market close on Thursday May 13, 2021.

Management will host a conference call on Thursday, May 13, 2021 at 4:30 p.m. Eastern time to discuss GreenBox’s first quarter 2021 financial results. The call will conclude with Q&A from participants. To participate, please use the following information:

Q1 2021 Conference Call and WebcastDate: Thursday, May 13, 2021Time: 4:30 p.m. Eastern timeU.S. Dial-in: 1-888-394-8218International Dial-in: 1-323-794-2588Conference ID: 6367518Webcast: http://public.viavid.com/player/index.php?id=144886

Please dial in at least 10 minutes before the start of the call to ensure timely participation.

A playback of the call will be available through August 13, 2021. To listen, call 1-844-512-2921 within the United States or 1-412-317-6671 when calling internationally and enter replay pin number 6367518 A webcast will also be available for 30 days on the IR section of the GreenBox POS website or by clicking the webcast link above.

About GreenBox POS

GreenBox POS (NASDAQ: GBOX) is an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions. The Company's applications enable an end-to-end suite of turnkey financial products, reducing fraud and improving the efficiency of handling large-scale commercial processing volumes for its merchant clients globally. For more information, please visit the Company's website at www.greenboxpos.com.

Forward-Looking Statements Disclaimer

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Examples of forward-looking statements include, among others, statements we make regarding: guidance relating to net income; anticipated customer onboardings; and expected operating results, such as revenue growth and earnings. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set out in the Company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.

Investor Relations ContactMark SchwalenbergMZ Group - MZ North America312-261-6430[email protected]www.mzgroup.us

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