PSQ Holdings, Inc. (NYSE: PSQH) (“PublicSquare,” or the
“Company”), a leading marketplace of patriotic businesses and
consumers, today announced that Brian Billingsley has joined the
Company as its President of PSQ Payments, a new subsidiary focused
on building and providing an uncancellable payments solution, for
the Company’s marketplace, its wholly owned subsidiaries, as well
as third-party merchants supporting the parallel economy.
Michael Seifert, Chairman and Chief Executive Officer of
PublicSquare, commented, “I am extremely excited to have Brian join
the PublicSquare team. The experience, expertise, and industry
reputation Brian brings to our company will help us immeasurably as
we look to build and scale a payments ecosystem. Our development of
PSQ Payments and its associated technology is one more step on our
journey to owning the infrastructure foundational to the parallel
economy. Combined with the power of our Credova subsidiary, PSQ
Payments will position us to monetize our marketplace transactions
further, provide what we expect to be a best-of-breed checkout
experience, and protect our merchants and customers from
cancellation.” The company believes that Brian joining the team is
indicative of the Company’s ability to attract highly qualified,
values-aligned leadership.
Brian Billingsley has more than 15 years of experience in
payments, e-commerce, and consumer credit. Mr. Billingsley
previously co-founded Basis Theory - a fully programmable vault for
independently controlling payment data, and currently sits on its
board of directors. Brian’s payments experience includes the launch
of Klarna in the United States as the fintech unicorn’s North
American CEO, Chief Revenue Officer for Modopayments, a payments
orchestration platform with Fortune 100 customers, Director of
Strategic Business Development and senior leadership team member
for Alliance Data (now Bread Financial), a leading provider of
private label and co-branded credit for many of the world's most
recognizable brands, and a member of the Enterprise Strategy team
at FIS - the world’s largest Fintech company.
About PublicSquare
PublicSquare is an app and website that connects patriotic
Americans to high-quality businesses that share their values, both
online and in their local communities. The primary mission of the
platform is to help consumers “shop their values” and put purpose
behind their purchases. In just over one year since its nationwide
launch, PublicSquare has seen tremendous growth and proven to the
nation that the parallel, “patriotic” economy can be a major force
in commerce. The platform has over 75,000 businesses from a variety
of different industries and over 1.6 million consumer members.
Additionally, PublicSquare leverages data and insights from the
platform to assess its members’ needs and provide wholly-owned
quality financing products, such as Credova, D2C products such as
EveryLife diapers and wipes, and B2B products such as PSQ Link, to
fill those needs. PublicSquare is free to join for both consumers
and business owners alike, and to learn more, download the app on
the App Store or Google Play, or visit PublicSquare.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act and Section 21E of
the Securities Exchange Act of 1934, as amended, and for purposes
of the “safe harbor” provisions under the United States Private
Securities Litigation Reform Act of 1995. Any statements other than
statements of historical fact contained herein are forward-looking
statements. Such forward-looking statements include, but are not
limited to, expectations, hopes, beliefs, intentions, plans,
prospects, financial results or strategies regarding PublicSquare
and Credova, anticipated product launches, our products and
markets, future financial condition, expected future performance
and market opportunities of PublicSquare and Credova.
Forward-looking statements generally are identified by the words
“anticipate,” “believe,” “could,” “expect,” “estimate,” “future,”
“intend,” “may,” “might,” “strategy,” “opportunity,” “plan,”
“project,” “possible,” “potential,” “project,” “predict,” “scales,”
“representative of,” “valuation,” “should,” “will,” “would,” “will
be,” “will continue,” “will likely result,” and similar
expressions, and in this press release, include statements about
the anticipated benefits of the acquisition of Credova; however,
the absence of these words does not mean that a statement is not
forward-looking. Forward-looking statements are predictions,
projections, and other statements about future events that are
based on current expectations and assumptions and, as a result, are
subject to risks and uncertainties. Many factors could cause actual
future events to differ materially from the forward-looking
statements in this communication, including, without limitation:
(i) the outcome of any legal proceedings that may be instituted
against PublicSquare related to the acquisition of Credova, (ii)
unforeseen liabilities, future capital expenditures, revenues,
expenses, earnings, synergies, economic performance, indebtedness,
financial condition, losses, future prospects, business and
management strategies for the management, expansion and growth of
the combined company’s operations, including the possibility that
any of the anticipated benefits of the transaction will not be
realized or will not be realized within the expected time period,
(iii) the ability of PublicSquare and Credova to integrate the
business successfully and to achieve anticipated synergies and
value creation, (iv) changes in the competitive industries and
markets in which PublicSquare operates, variations in performance
across competitors, changes in laws and regulations affecting
PublicSquare’s business and changes in the combined capital
structure, (v) the ability to implement business plans, growth,
marketplace and other expectations, and identify and realize
additional opportunities, (vi) risks related to PublicSquare’s
limited operating history, the rollout and/or expansion of its
business and the timing of expected business milestones, including
Every Life, PSQ Link, E-commerce, the Tucker Carlson partnership
and Credova, (vii) risks related to PublicSquare’s potential
inability to achieve or maintain profitability and generate
significant revenue, (viii) the ability to raise capital on
reasonable terms as necessary to develop its products in the
timeframe contemplated by PublicSquare’s business plan, (ix) the
ability to execute PublicSquare’s anticipated business plans and
strategy, (x) the ability of PublicSquare to enforce its current or
future intellectual property, including patents and trademarks,
along with potential claims of infringement by PublicSquare of the
intellectual property rights of others, (xi) actual or potential
loss of key influencers, media outlets and promoters of
PublicSquare’s business or a loss of reputation of PublicSquare or
reduced interest in the mission and values of PublicSquare and the
segment of the consumer marketplace it intends to serve, and (xii)
the risk of economic downturn, increased competition, a changing
regulatory landscape and related impacts that could occur in the
highly competitive consumer marketplace, both online and through
“bricks and mortar” operations. The foregoing list of factors is
not exhaustive. Recipients should carefully consider such factors
and the other risks and uncertainties described and to be described
in PublicSquare’s public filings with the Securities and Exchange
Commission. These filings identify and address other important
risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made. Recipients are cautioned not to put undue reliance
on forward-looking statements, and PublicSquare does not assume any
obligation to, nor does it intend to, update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise, except as required by law.
PublicSquare gives no assurance that PublicSquare will achieve its
expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20240318339206/en/
Investors Contact: William I. Kent, IRC +1
561.203.0780 investment@publicsq.com
Media Contact: pr@publicsq.com
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