SOURCE: Spindle, Inc.

July 06, 2017 08:00 ET

Spindle, Inc. Names Habib Yunus Chief Financial Officer

SCOTTSDALE, AZ--(Marketwired - Jul 6, 2017) - Spindle, Inc. (OTCQB: SPDL) ("Spindle" or the "Company"), an emerging provider of integrated marketing and commerce solutions, today announced that it has named Habib Yunus Chief Financial Officer.

A Certified Public Accountant (CPA) and an experienced executive with a successful track record of leading teams to deliver results, Yunus previously served as the Chief Financial Officer and Senior Vice President of Nasdaq listed Payment Data Systems, Inc. from March 03, 2015 to December 30, 2016. He was responsible for successfully leading the company's uplisting from the OTC Market to NASDAQ, while managing its public reporting requirements including SEC filings, corporate governance and forecasting.

Yunus stated, "Since joining the Spindle's board on February 1, 2017, I have spent considerable time helping management lay the groundwork for the future. Through these efforts, we together have built what I believe to be a highly disruptive and scalable business model that has the potential to drive meaningful value for our shareholders. I look forward to now taking a more hands-on leadership role focused on both execution and the collective achievement of our goals."

Jack Scott, CEO and member of the board of directors, commented, "We are excited to have Habib join our management team as we pivot the Company from purely a payments gateway to integrated marketing and commerce solutions for small and medium sized businesses. Habib's experience comes at a critical point as we position the Company for growth and profitability."

Mr. Yunus has more than 15 years of experience in accounting, finance and investing. Prior to joining Payment Data, he was the Managing Director and Founder of W NRG (Energy) Advisory LLC since January 2013, focused on advising clients on energy investments, joint venture transactions, project management and market research in North America for Asian investors.

Before founding W Energy Advisory, from September 2010 to January 2013, he was the Lead Project Manager for Toyota Tsusho America, Inc., where in 2012 he originated and negotiated a $602 million joint venture between Toyota Tsusho Corporation (Japan) and Encana Corporation. Prior to his position at Toyota Tsusho America, Inc., he served as the Head of Tax and Special Assistant to the Chief Financial Officer of Shinsei Bank Ltd. in Tokyo, Japan from July 2006 to June 2010. From June 1999 to July 2006 he was with Deloitte Tax in Atlanta and Tokyo.

Mr. Yunus holds B.S. in Accounting and Masters of Accounting (Tax specialization) degrees from the University of Florida.

About Spindle

Spindle is an innovator of unified marketing and commerce solutions focused on Small and Medium-sized Businesses (SMB) under the "Catalyst" brand. Spindle leverages multiple best-in-class technologies to deliver robust marketing and advertising capabilities that grow merchant revenue. The integrated advertising and marketing platform attracts consumers, enhances their interaction with the merchant, and drives transactions to create loyalty. Spindle's unique approach integrates advertising and marketing with payment processing, creating a one-stop shop for small and medium sized businesses. Spindle's Catalyst solutions were originally developed for sports and team marketing but have been adapted to can serve a wide-range of vertical markets via mobile, browser, kiosk, and other platforms. For more information, visit www.spindle.com.

Forward-Looking Statements

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements, as described in our reports filed with the Securities and Exchange Commission which are available for review at www.sec.gov, to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

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