SOURCE: Spindle, Inc.

November 19, 2014 08:30 ET

Spindle Names Tony VanBrackle to Board of Directors

Payments Veteran Brings Over 30 Years of Industry Expertise to Mobile Commerce Leader

SCOTTSDALE, AZ--(Marketwired - November 19, 2014) - Spindle, Inc. (OTCQB: SPDL), a leading provider of mobile commerce solutions, announced that Tony VanBrackle has been appointed to its board of directors effective immediately. In this capacity, VanBrackle will help Spindle refine and execute its strategy for delivering a comprehensive mobile commerce solution that serves the needs of merchants, providers and consumers.

Based in the Washington, DC area, VanBrackle's career in the payments sector extends back well over three decades. He is currently managing member of Payment Ventures, LLC, an investment firm that specializes in the mobile commerce and payment sectors. He also serves as a board member for Phoenix Managed Networks, a provider of secure data transaction solutions, and is a member of the advisory board for MicroVentures, an online equity crowdfunding platform for startups and investors. He also serves on the boards of several other businesses, including Convexcel Group, and Cardflight. 

Previously, VanBrackle served as chairman of the board for several industry-leading businesses, including Electronic Check Alliance Processing, Smart Pay Solutions, and Solveras, which he founded in 2000, and subsequently sold to TransFirst eleven years later.

"I can't think of a better addition to our board of directors than Tony, who for over 30 years, has been instrumental in helping so many other businesses thrive in the payments sector," said Bill Clark, chief executive officer at Spindle. "Our entire board is looking forward to working closely with Tony, and leveraging his vast industry knowledge and experiences to ensure that Spindle continues to build on its leadership position in the mobile commerce sector."

"Spindle's combination of compelling technology and strong management is particularly well suited for capitalizing on the escalating interest in mobile commerce," explained VanBrackle. "I am eager to work with the board and Spindle's executive team to help the company maximize its potential, and deliver solutions that will not only serve the needs of its customers, but will also translate into value for its shareholders."

About Spindle
Spindle is an innovator of mobile commerce solutions for financial services providers and consumer-facing merchants of all sizes. Spindle is focused on pioneering new ways for businesses to rapidly integrate mobile payments acceptance and mobile marketing services while empowering location-based merchant discovery, fulfillment and frictionless mobile payments for consumers. Spindle is dedicated to expanding beyond traditional electronic payment boundaries by offering cutting-edge solutions that allow clients, partners, merchants and consumers to take full advantage of the rapidly emerging mobile economy. Spindle has an extensive proprietary intellectual property portfolio-which includes patents pending-that encompasses networks, mobile payments, and security. 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.

Contact Information

  • Public Relations Contact
    Glenn Goldberg
    Chief Executive Officer
    Parallel Communications Group
    516-705-6116
    ggoldberg@parallelpr.com

    Investor Relations Contact
    Chris Meinerz
    Chief Financial Officer
    Spindle, Inc.
    480-295-8059
    cmeinerz@spindle.com