Paybox Corp. (fka PBOX)

[Dee077]

I am a holder of Direct Insite Shares. It is my understanding Paybox purchased this company. Then Paybox sold to OSG. I never received notification from the transfer agent for Direct Insite, Paybox, or OSG. Does anyone know how I proceed to acquire my stock with OSG. Thank you.

[TenKay]

PBOX FINRA deleted symbol

http://otce.finra.org/DLDeletions

"shareholders of Paybox Corp. (PBOX) will receive $125.99 per share, and may receive up to an additional $5.00 per share in the event of a full release of the indemnification and adjustment escrows established at closing of the transaction, and may also receive up to an additional $20.72 per share if the earn out associated with the transaction is fully earned in connection with the merger with Output Services Group, Inc. (OSG) according to the terms and conditions of the merger agreement."

[Renee]

PBOX: effective June 8,2017 a one for 200 reverse split. Shareholders of less than 200 shares will receive cash in lieu at $0.40 and those of greater than 200 will be rounded up to the next whole share.

http://otce.finra.org/DLSymbolNameChanges

[today32]

What's the holdup, why hasn't this hit the daily list yet?

[zeekhoe]

8K filed: Reverse Split 1:200

At a special meeting of shareholders of Paybox Corp, a Delaware corporation (the “Company”), held on Wednesday, May 3, 2017, the Company’s shareholders approved a 1-for-200 reverse stock split (the “Reverse Stock Split”).

[kid biscuit]

Lost 4K bucks on this back in the 90's and somehow I still have shares registered in my name after they had to pay the stockholders back for losses on making false statements about the company. I think I ended up with 30 dollars in stock as settlement. It's easy to see why the fines don't equal the gains made from pumping. So it's a great business that just keeps on going. Just not for us.

[Enterprising Investor]

Proxy Statement (4/11/17)

https://www.sec.gov/Archives/edgar/data/879703/000165495417003241/pbox_def4a.htm

[Enterprising Investor]

Paybox Announces Record Date and Meeting Date for Special Meeting (4/11/17)
 
FORT LAUDERDALE, FL – April 11, 2017 – Paybox Corp (OTCQB:PBOX), provider of the PAYBOX® unified working capital management platform, today announced that it has established a record date of April 11, 2017 for its special meeting of stockholders (the “Special Meeting”) to be held to consider and vote upon a proposal to approve a reverse stock split. The Special Meeting will be held at the offices of Marcum LLP, 450 East Las Olas Boulevard, Ninth Floor, Fort Lauderdale FL 33301, on Wednesday, May 3, 2017, at 10:00 A.M. EST. The proposed reverse stock split is in the ratio of 1:200, and stockholders holding less than 200 shares would be cashed out at a price of $0.40 per share.
 
Additional Information about the Proposal and Where to Find It
 
In connection with the Proposal, the Company has filed with the Securities Exchange Commission (“SEC”), and will mail to stockholders of record of the Company as of April 11, 2017, a definitive proxy statement in connection with its solicitation of proxies for the Special Meeting. This press release does not contain all the information that should be considered concerning the reverse stock split proposal. It is not intended to provide the basis for any investment decision or any other decision in respect to the proposal. The Company’s stockholders and other interested persons are advised to read the definitive proxy statement, and the Company’s Schedule 13E-3 and related exhibits filed with the SEC in connection with the Company’s solicitation of proxies for the Special Meeting, as these materials contain important information about the Company and the Proposal. Stockholders can also obtain copies of the definitive proxy statement and other documents filed with the SEC, without charge, at the SEC’s web site at www.sec.gov, or by directing a request to: Matthew Oakes, Chief Executive Officer, Paybox Corp, 500 East Broward Boulevard, Suite 1550, Ft. Lauderdale, FL 33394.
 
Participants in Solicitation
 
The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of the Company in connection with the Proposal. Information regarding the special interests of these directors and executive officers in the Proposal is included in the definitive proxy statement. Additional information regarding the directors and executive officers of the Company is also included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, which is available free of charge at the SEC web site at www.sec.gov and at the address described above.
 
About PAYBOX Corp
 
PAYBOX® provides a powerful platform for unified working capital management that facilitates over $160 billion worth of transactions annually between more than 375,000 companies worldwide. PAYBOX Corp’s clients include IBM, Siemens, HP Enterprises, Saint Gobain, Carlson, and one of the world’s largest financial institutions. The flagship component of PAYBOX’s unified working capital management platform is PAYBOX® Cloud, which offers robust and secure Accounts Payable and Receivables solutions that seamlessly integrate with a company’s ERP system. Paper, manual processes and customer/client invoice inaccuracies and associated resolution costs are eliminated, while improving working capital and customer satisfaction. Learn more at www.gopaybox.com.

https://www.sec.gov/Archives/edgar/data/879703/000165495417003243/pbox_ex991.htm

[willlbone]

ToxicBOX.

[itsgoingdownnnnn]

wed buying 0.64 selling 0.84. easy 2k

[Renee]

Direct Insite Corp., DIRI, changed to Paybox Corp., PBOX:

http://otce.finra.org/DLSymbolNameChanges

[fatcat2]

Not many followers! Any more info about DIRI

[MKabbash]

I have always liked this stock and technologies. I feel it is undervalued.

I miss the old d.b.Exprexx and Maplinx product. (think CCEE)

[di4]

Direct Insite Announces First Quarter 2009 Results
Revenue Increases 17% Over First Quarter 2008
May 13, 2009 4:15:00 PM


Email Story Discuss on ZenoBank

View Additional ProfilesBOHEMIA, NY -- (MARKET WIRE) -- 05/13/09 -- Direct Insite Corp. (OTCBB: DIRI), a global SaaS provider of financial supply chain automation across procure-to-pay, order-to-cash, and shared services business processes, today announced financial results for the quarter ended March 31, 2009. Revenue for the three months ended March 31, 2009 increased $340,000 (17.4%) to $2,294,000 compared to revenue of $1,954,000 for the first quarter 2008. Recurring revenue increased $404,000 (22.1%) to $2,233,000 in the first quarter of 2009 compared to recurring revenue of $1,829,000 in the first quarter 2008. Professional Services revenue was $61,000 for the first quarter of 2009, a decrease of $64,000 (51.2%) compared to Professional Services revenue of $125,000 in the first quarter of 2008.

Income before income taxes was $263,000 for the three months ended March 31, 2009 compared to net income before taxes of $45,000 in 2008. Net income for the three months ended March 31, 2009 was $248,000 compared to net income of $2,912,000 for the three months ended March 31, 2008. During the three months ended March 31, 2008 the Company recorded a benefit from income taxes of $2,867,000 as a result of reducing the valuation allowance on its deferred tax asset as the Company concluded that it would utilize this future tax benefit.

Basic income per share attributable to common shareholders for the three months ended March 31, 2009 was $0.02 compared to a basic net income per share of $0.38 for the same period in 2008. Diluted income per share attributable to common shareholders for the quarter ended March 31, 2009 was $0.02 compared to diluted income per share attributable to common shareholders of $0.26 for the quarter ended March 31, 2008. The earnings per share for 2008 include the effect of the tax benefit discussed above.

"Our strong growth in recurring revenue has come from both new customers and expansion of services to existing customers and is a positive indicator of future revenue growth," said James A. Cannavino, Chairman and Chief Executive Officer. He added, "We expect professional services revenue will also grow through the remainder of 2009."

About Direct Insite:

Direct Insite provides best practice financial supply chain automation and workflow efficiencies for procure-to-pay and order-to-cash processing. The Company's global eInvoice Management services automate complex manual business processes such as invoice validation, order matching, consolidation, dispute handling, and e-payment processing. Direct Insite solutions are used by more than 7,000 corporations across 62 countries, 15 languages and multiple currencies. For more information, call [phone], or visit www.directinsite.com

The financial information stated above and in the tables below has been abstracted from Direct Insite Corp.'s Form 10-Q for the three months ended March 31, 2009, filed with the Securities and Exchange Commission on May 14, 2009, and should be read in conjunction with the information provided therein.

Summarized Financial Information


FOR THE THREE MONTHS FOR THE THREE MONTHS
STATEMENT OF OPERATIONS ENDED MARCH 31, 2009 ENDED MARCH 31, 2008
-------------------- --------------------
Revenue from continuing
operations $ 2,294,000 $ 1,954,000
-------------------- --------------------
Operating income $ 248,000 $ 57,000
-------------------- --------------------
Other income (expenses), net $ 15,000 $ (12,000)
-------------------- --------------------
Income before income taxes $ 263,000 $ 45,000
-------------------- --------------------
Provision for (benefit from)
income taxes $ 15,000 $ (2,867,000)
-------------------- --------------------
Net income $ 248,000 $ 2,912,000
-------------------- --------------------
Preferred Stock Dividends $ (79,000) $ (173,000)
-------------------- --------------------

Net income attributable to
common shareholders $ 169,000 $ 2,739,000
-------------------- --------------------

Basic net income per share
attributable to common
shareholders $ 0.02 $ 0.38
==================== ====================
Diluted net income per share
attributable to common
shareholders $ 0.02 $ 0.26
==================== ====================




March 31, December 31,
BALANCE SHEET 2009 2008
------------ ------------
Total Current Assets $ 3,329,000 $ 3,093,000
------------ ------------
Total Assets $ 7,025,000 $ 6,880,000
------------ ------------
Total Current Liabilities $ 1,901,000 $ 2,179,000
------------ ------------
Total Shareholders’ Equity $ 4,889,000 $ 4,420,000
------------ ------------



FORWARD-LOOKING STATEMENTS. All statements other than statements of historical fact included in this release, including without limitation statements regarding the company's financial position, business strategy, and the plans and objectives of the company's management for future operations, are forward-looking statements. When used in this release, words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the company's management, as well as assumptions made by and information currently available to the company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, business and economic conditions, competitive factors and pricing pressures, capacity and supply constraints, and such other risk factors which may arise from time to time, including, but not limited to, the risk factors set forth in the Company's Reports on Form 10KSB filed with the Securities Exchange Commission. Such statements reflect the views of the company with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the company. Readers are cautioned not to place undue reliance on these forward-looking statements. The company does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.

Corporate Contact:
Michael J. Beecher
Chief Financial Officer
Direct Insite Corp.
631.873.2900

[di4]

INTTRA Signs Multi-Year Contract With Direct Insite Corp.
May 4, 2009 4:10:00 PM


Email Story Discuss on ZenoBank

View Additional ProfilesBOHEMIA, NY -- (MARKET WIRE) -- 05/04/09 -- Direct Insite Corp. (OTCBB: DIRI), a global provider of electronic invoicing services for Accounts Payable and Accounts Receivable automation, today announced it has signed a multi-year contract to provide its eBilling and electronic invoice delivery services to INTTRA.

INTTRA is one of the world's largest ocean industry e-commerce platforms, responsible for processing over 175,000 electronic container orders between shippers, forwarders and carriers per week. Direct Insite's Invoices Online (IOL) service will automate the manual billing processes within INTTRA. Electronic bookings, shipping instructions and shipping orders will be auto-reconciled within IOL to produce accurate e-Invoices for INTTRA's carrier customers.

"Direct Insite will automate our complex global invoicing processes," said Valerie Rainey, INTTRA CFO. "IOL provides our carriers greater invoicing accuracy and accelerated billing cycles through a self service portal which provides detailed visibility into their consolidated online invoices."

"With Direct Insite's Invoices Online solution, INTTRA will be able to produce accurate consolidated electronic invoices, reducing billing discrepancies," stated Jim Cannavino, Direct Insite Corp. Chairman and CEO. "This solution illustrates how Direct Insite provides companies like INTTRA the ability to redirect employees and financial resources towards growing their business rather than handling time consuming manual billing processes."

About Direct Insite Corp.

Direct Insite Corp. provides e-Invoicing and workflow solutions that streamline processes and reduce costs within Accounts Payable and Accounts Receivable operations. The Company's e-Invoice management services automate Procure-to-Pay and Order-to-Cash activities such as invoice validation, order matching, dispute handling, and e-payment. Direct Insite Corp. solutions are used by 7,000 corporations across 62 countries, 15 languages and multiple currencies. For more information about Direct Insite Corp. (OTCBB: DIRI), visit http://www.directinsite.com.

FORWARD-LOOKING STATEMENTS. All statements other than statements of historical fact included in this release, including without limitation statements regarding the company's financial position, business strategy, and the plans and objectives of the company's management for future operations, are forward-looking statements. When used in this release, words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the company's management, as well as assumptions made by and information currently available to the company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, business and economic conditions, competitive factors and pricing pressures, capacity and supply constraints. Such statements reflect the views of the company with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the company. Readers are cautioned not to place undue reliance on these forward-looking statements. The company does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.

Corporate Contact:
Matthew E. Oakes
President and Chief Operating Officer
Direct Insite Corp.
631.873.2900