Mr. Ryan Hamlin reports

POSABIT FINISHES MONTH WITH RECORD TRANSACTIONS, STORE COUNT

Posabit Systems Corp. has set a company record for both transactions processed and total merchants utilizing Posabit solutions in the month of May.

"It is a testament to the hard work of our sales and implementation teams that, despite an industry-wide downturn, we have achieved significant growth during the past few months," said Ryan Hamlin, chief executive officer/co-founder of Posabit. "May marked the third consecutive month in which we set company records for most transactions processed and most stores onboarded."

About Posabit Systems Corp.

Posabit is a financial technology company that delivers unique and innovative payment processing and point-of-sale systems for cash-only businesses. Posabit specializes in resolving pain points for complex, high-risk emerging industries like cannabis with an all-in-one solution that is compliant, user-friendly and utilizes top-of-the-line hardware. Posabit's unique solution provides a safer and transparent environment for merchants while creating a better overall experience for the consumer.

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