Toronto, Ontario--(Newsfile Corp. - November 28, 2023) - Hank Payments Corp. (TSXV: HANK) ("Hank" or the "Company"), an emerging North American leader in the Banking-as-a-Service (BaaS) market with a platform that modernizes budgets and payments for enterprises and consumers is pleased to provide an update on its ongoing participation in national college associations conferences across the USA.
Hank continues its low-cost exposure and lead generation campaign by participating in several college business administrative conferences to bring mass awareness to its Education platform. Hank has driven meaningful incremental leads through participation in:
- The Oregon Community College Association (OCCA) in Sunriver,
- The Oklahoma Association of College and University Business Officers (OACUBO) in Oklahoma City;
- The Community Colleges of Appalachia conference in Maryland; and
- The Illinois Council of Community College Administrators (ICCCA) in East Peoria.
These associations encompass over 230 higher learning institutions servicing over 990,000 students across 15 states. These conferences shed light on the major issues faced by educational institutions today, including student financial services, tuition deferment payment management, student enrolment maintenance and state funding issues. The Company continues to view these conferences as excellent opportunities to engage firsthand with the business decision makers of the higher education market in order to provide them with the best solutions for servicing their students and administrative needs.
The Company also wishes to announce that it has modified its previously announced agreement with a financial publisher that performed investor relations services that entails the cancellation of a previously issued $236,000 convertible debenture and warrants (a total of 236 debenture units, with each unit consisting of one $1000 secured convertible debenture and 3,333 common share purchase warrant) on April 21, 2023. In lieu of the issuance of the convertible debenture and warrants, the Company and the firm have agreed to an aggregate cash payment for services provided to date of US$50,000. The agreement has not been renewed.
About Hank Payments Corp.
Hank Payments Corp (the "Company" or "Hank") is an emerging North American leader in the Banking-as-a-Service (BaaS) market. The Hank platform modernizes budgets and payments for enterprises and consumers and automates tedious functions that result in time and economic savings for platform users. The Hank technology stack provides for several vertical market applications of the technology, with features specific to channels and enterprise accounts ("Partners") that allow those Partners to operate new revenue streams, while modernizing legacy payments. The Company earns recurring transaction and licensing fees from consumers and enterprises and is active in several markets and geographies including Canada and the United States. For more information, visit the Hank Payments website at www.hankpayments.com.
Forward-Looking Statements
This news release may contain forward-looking statements (within the meaning of applicable securities laws) which reflect the Company's current expectations regarding future events. Forward-looking statements are identified by words such as "believe", "anticipate", "project", "expect", "intend", "plan", "will", "may", "estimate" and other similar expressions. These statements are based on the Company's expectations, estimates, forecasts, and projections and include, without limitation, statements regarding the future success of the Company's business. Financial performance figures in Canadian Dollars unless otherwise indicated by "U" representing United States Dollars.
The forward-looking statements in this news release are based on certain assumptions. The forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Several factors could cause actual results to differ materially from the results discussed in the forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether because of new information, future events or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
For more information regarding Hank Payments Corp., please contact: Jason Ewart, EVP Capital Markets, at 416-580-0721. For Investor Relations please contact ir@hankpayments.com and visit the Company's website at www.hankpayments.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/188982
