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We have eliminated all our toxic debt, we have raised significant capital, and we have increased our shareholders value
Innovative Payment Solutions, Inc. (OTCQB: IPSI) ("Innovative" or the "Company"), a Southern California based fintech company focused on building a 21st century universal digital payment platform, IPSIPay(TM), today announced that its Board of Directors has voted to uplist the Company's shares on NASDAQ.
William Corbett, Chief Executive Officer, commented, "These are exciting days for our company and our shareholders. Over the past year, with the support and trust of our investment banker, our retail and institutional shareholders, we have achieved significant milestones. We have eliminated all our toxic debt, we have raised significant capital, and we have increased our shareholders value. The culmination of these achievements, along with the fulfillment of regulatory standards, warrants the need for our Company to join NASDAQ.
We have eliminated all our toxic debt, we have raised significant capital, and we have increased our shareholders value. The culmination of these achievements, along with the fulfillment of regulatory standards, warrants the need for our Company to join NASDAQ.
IPSI time to get this to dollar land.
NORTHRIDGE, CA, April 20, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Innovative Payment Solutions, Inc. (OTCQB: IPSI) (“Innovative” or the “Company”), a Southern California based fintech company focused on building a 21st century universal digital payment platform, IPSIPay™, today announced that its Board of Directors has voted to uplist the Company’s shares on NASDAQ.
$IPSI Nice try but here's your proof NO TOXIC DEBT
Innovative Payment Solutions, Inc. Provides Investor Update
Press Release | 02/22/2021
NORTHRIDGE, CA, Feb. 22, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Innovative Payment Solutions, Inc. (OTCQB: IPSI) (“Innovative” or the “Company”), a Southern California based fintech company focused on building a 21st century digital payment solution, IPSIPay, is pleased to provide an investor update from its CEO, William Corbett.
Mr. Corbett stated, “In the first quarter of 2021, we have executed several important milestones for our Company. Firstly, we were able to raise two million dollars in capital at a market price of 23 cents per share and we currently have approximately three million dollars of cash on our balance sheet. This provides the Company with greater flexibility to accomplish its business strategy. Secondly, the Company has been able to completely repay its toxic debt to further boost shareholder value. Thirdly, the Company has also received a firm commitment of five million dollars from its institutional investor Bellridge Capital, LP, to provide the liquidity and settlements of IPSIPay Stable Coin.
“Additionally, we made necessary steps to hire in-house compliance and legal counsel to further stay on top of the changing regulatory landscape. Innovative’s legal counsel will act as an advisor on matters involving Company’s governance and regulatory related issues and will provide legal advice related to Prepaid Card Issuance, Money Transmittal Services, IPSIPay Stable Coin, and Audits.
“Completion of these milestones in early 2021 presents our Company with a great opportunity to fulfill our mission of serving unbanked and underbanked customers, small businesses and its employees in ever-evolving digital payments ecosystem.”
SAFE HARBOR STATEMENT
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statement of historical fact contained in this press release are forward-looking statements. In some case, forward-looking statements can be identified by terminology such as "anticipate," "believe," "can," "continue," "could," "estimate, "expect," "intend," "may," "plan," "potential," "predict," "project," "should," or "will" or the or the negative of these terms or other comparable terminology and include statements regarding executing several important milestones for the Company, statements regarding two million dollars in funding providing the Company with greater flexibility to accomplish its business strategy, further boosting shareholder value by completely repaying its toxic debt, statements regarding completion of the 2021 milestones presenting the Company with a great opportunity to fulfill its mission of serving unbanked and underbanked customers, small businesses and its employees in ever-evolving digital payments ecosystem, statements regarding the expected contribution of in-house compliance and legal counsel etc.
These forward-looking statements are based on expectations and assumptions as of the date of the press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectation include, among others, our ability to utilize the commitment of future investment capacity of five million dollars from our institutional investor Bellridge Capital, LP, to provide the liquidity and settlements of IPSIPay Stable Coin, our ability to further stay on top of the changing regulatory landscape by hiring in-house compliance and legal counsel, our ability to launch our kiosks rollout program in Southern California as has been previously planned before COVID-19, our ability to position Innovative for future profitability, the duration and scope of the COVID-19 outbreak worldwide, including the impact to the economy in California and Mexico, and the other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 and the Company’s subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
For investor inquiries please call (818) 864-4004 or email info@ipsipay.com
$IPSI Rotate through short term flippers, then we will see real gains
$IPSI Company has raised millions in capital at .23 and .15, CEO has lots of skin in the game
$IPSI See you at dollarland
Looks like Isiah L. Thomas III, the Company’s Chief Executive Officer and Vice Chairman is turning this ship around.
OWPC
OTCQB Member Since 11/2019
OTCQB
Verified Profile 11/2020
Transfer Agent Verified
Independent Directors
OWPC SS looks great
Authorized Shares
75,000,000
04/12/2021
Outstanding Shares
57,335,305
04/12/2021
Restricted
35,369,348
04/12/2021
Unrestricted
21,965,957
04/12/2021
Held at DTC
20,559,617
04/12/2021
Float
29,790,305
11/04/2020
OWPC nice balance sheet.
IPSI Ibox updated current information now visible to new eyes....
$IPSI NICE PRESENTATION OUT TODAY 10X GAINS COMING
http://archive.fast-edgar.com/20210415/AW29V22CLM22VT2222282ZY2KVADZ222E23
Will try and put the presentation in the ibox this evening
$IPSI COMPANY IS DEBT FREE WITH MILLIONS IN CASH ON HAND
Innovative Payment Solutions, Inc. Provides Investor Update
Press Release | 02/22/2021
NORTHRIDGE, CA, Feb. 22, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Innovative Payment Solutions, Inc. (OTCQB: IPSI) (“Innovative” or the “Company”), a Southern California based fintech company focused on building a 21st century digital payment solution, IPSIPay, is pleased to provide an investor update from its CEO, William Corbett.
Mr. Corbett stated, “In the first quarter of 2021, we have executed several important milestones for our Company. Firstly, we were able to raise two million dollars in capital at a market price of 23 cents per share and we currently have approximately three million dollars of cash on our balance sheet. This provides the Company with greater flexibility to accomplish its business strategy. Secondly, the Company has been able to completely repay its toxic debt to further boost shareholder value. Thirdly, the Company has also received a firm commitment of five million dollars from its institutional investor Bellridge Capital, LP, to provide the liquidity and settlements of IPSIPay Stable Coin.
“Additionally, we made necessary steps to hire in-house compliance and legal counsel to further stay on top of the changing regulatory landscape. Innovative’s legal counsel will act as an advisor on matters involving Company’s governance and regulatory related issues and will provide legal advice related to Prepaid Card Issuance, Money Transmittal Services, IPSIPay Stable Coin, and Audits.
“Completion of these milestones in early 2021 presents our Company with a great opportunity to fulfill our mission of serving unbanked and underbanked customers, small businesses and its employees in ever-evolving digital payments ecosystem.”
$IPSI Nice Twitter update added more
MJLB looking for multi dollars
IPSI that would be awesome.
RXMD Added another 70k this week
Agreed
ALPP games being played here are comical before the uplist so easy to see on the level 2.
Added more
MJLB Cleared for liftoff 5x to 10x gains coming.
MJLB price should be pushed higher over next couple days force them to cover higher.
About time to head back towards $10
Got lucky and added most in ROTH IRA good for no taxes
squeeze will be epic
MJLB soon to run to .50 adding while they are cheap
Added myself here to cheap to pass up
IPSI nice news this am added more
IPSI We were able to raise two million dollars in capital at a market price of 23 cents per share and we currently have approximately three million dollars of cash on our balance sheet. This provides the Company with greater flexibility to accomplish its business strategy. Secondly, the Company has been able to completely repay its toxic debt to further boost shareholder value.
Firstly, we were able to raise two million dollars in capital at a market price of 23 cents per share and we currently have approximately three million dollars of cash on our balance sheet. This provides the Company with greater flexibility to accomplish its business strategy.
Added more today at gift prices
IPSI Am I missing something? The investor update said dilution complete?
NORTHRIDGE, CA, Feb. 22, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Innovative Payment Solutions, Inc. (OTCQB: IPSI) (“Innovative” or the “Company”), a Southern California based fintech company focused on building a 21st century digital payment solution, IPSIPay, is pleased to provide an investor update from its CEO, William Corbett.
Mr. Corbett stated, “In the first quarter of 2021, we have executed several important milestones for our Company. Firstly, we were able to raise two million dollars in capital at a market price of 23 cents per share and we currently have approximately three million dollars of cash on our balance sheet. This provides the Company with greater flexibility to accomplish its business strategy. Secondly, the Company has been able to completely repay its toxic debt to further boost shareholder value. Thirdly, the Company has also received a firm commitment of five million dollars from its institutional investor Bellridge Capital, LP, to provide the liquidity and settlements of IPSIPay Stable Coin.
“Additionally, we made necessary steps to hire in-house compliance and legal counsel to further stay on top of the changing regulatory landscape. Innovative’s legal counsel will act as an advisor on matters involving Company’s governance and regulatory related issues and will provide legal advice related to Prepaid Card Issuance, Money Transmittal Services, IPSIPay Stable Coin, and Audits.
“Completion of these milestones in early 2021 presents our Company with a great opportunity to fulfill our mission of serving unbanked and underbanked customers, small businesses and its employees in ever-evolving digital payments ecosystem.”
SAFE HARBOR STATEMENT
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statement of historical fact contained in this press release are forward-looking statements. In some case, forward-looking statements can be identified by terminology such as "anticipate," "believe," "can," "continue," "could," "estimate, "expect," "intend," "may," "plan," "potential," "predict," "project," "should," or "will" or the or the negative of these terms or other comparable terminology and include statements regarding executing several important milestones for the Company, statements regarding two million dollars in funding providing the Company with greater flexibility to accomplish its business strategy, further boosting shareholder value by completely repaying its toxic debt, statements regarding completion of the 2021 milestones presenting the Company with a great opportunity to fulfill its mission of serving unbanked and underbanked customers, small businesses and its employees in ever-evolving digital payments ecosystem, statements regarding the expected contribution of in-house compliance and legal counsel etc.
These forward-looking statements are based on expectations and assumptions as of the date of the press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectation include, among others, our ability to utilize the commitment of future investment capacity of five million dollars from our institutional investor Bellridge Capital, LP, to provide the liquidity and settlements of IPSIPay Stable Coin, our ability to further stay on top of the changing regulatory landscape by hiring in-house compliance and legal counsel, our ability to launch our kiosks rollout program in Southern California as has been previously planned before COVID-19, our ability to position Innovative for future profitability, the duration and scope of the COVID-19 outbreak worldwide, including the impact to the economy in California and Mexico, and the other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 and the Company’s subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
For investor inquiries please call (818) 864-4004 or email info@ipsipay.com
ALPP onward and upward $10 inbound
ALPP cracking 5 on the way to $10!!
Funny watching the games to make this look red in the last min lol owell still adding
ALPP 44 million revenue 2021 without any acquisitions!!
Currently in talks with 3 acquisitions for 125 million in revenue
ALPP Great post!
$5 to $10 dollars PPS Coming Soon!