Priority Technology Holdings, Inc. Announces Retirement of Chief Financial Officer


ALPHARETTA, Ga .– (BUSINESS WIRE)-Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority” or the “Company”), a leading payment technology company that helps customers collect, store and send money, today announced the retirement of Michael Vollkommer, the Chief Its financial. Officer (CFO).

Mr. Vollkommer, who has been the Company’s Chief Financial Officer since December 2018, will retire from Priority on September 1, 2022. After that, Mr. Vollkommer will remain with the Company in an advisory capacity to ensure a smooth transition and help implement strategic projects in the future. The Company has begun looking for a replacement for Mr. Vollkommer and expects to name its next CFO in the third quarter.

“On behalf of all my colleagues at Priority and the Board of Directors, I want to thank Mike for his dedication to helping advance Priority’s mission,” said Tom Priore, Chairman and Chief Executive Office of Priority. “Mike has been instrumental in laying a solid foundation for Priority as a publicly traded company. We congratulate Mike as he moves through this new phase of life.

“I am proud of what we have accomplished during my time with Priority and are excited about the future prospects of the Company,” said Mr. Vollkommer. “As I step away from the role of CFO, I look forward to continuing to contribute to the Company in an advisory capacity.”

About Priority Technology Holdings, Inc.

The priority is a payment powerhouse that drives the collection of payments and banking. The company has built a platform to collect, store, and send money that works on the scale. We help our customers get and pay while managing business and consumer operating accounts to monetize payment networks. Our customized, agile technology powers high-value, payment products powered by our industry-leading personal support. More information can be found at www.PRTH.com.

Ahead-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, goals, expectations and intentions with respect to future operations, products and services, and other statements identified by words such as “can,” “will,” “must , “” expects, “” believes, “” expects, “” plans, “” future, “” intended, “” possible, “” estimate, “” prediction, “” projects, “” target, “” potential “or” contingent, “” guide, “” expect, “” perspective “or words with similar meanings. These anticipated statements include, but are not limited to, our 2022 vision and statements about our market and growth opportunities. Such anticipated statements are based on current beliefs and are expected by our management and are inherently subject to significant business, economic and competitive risks, trends and uncertainties that could lead to actual consequences. differ in material from those as planned, stated, or construed as such. forward statements. These forward-looking statements may include, but are not limited to, statements regarding the effects of the COVID-19 pandemic on our revenues and results of financial operations. Our actual results may differ materially, and possibly poorly, from those discussed or implied herein.

We warn that it is very difficult to predict the impact of known factors, and it is impossible for us to anticipate all the factors that will affect our actual outcomes. Everyone looking forward to the statements is obviously qualified in their entirety by these warning statements. You should review all forward-looking statements made in this press release in the context of the risks and uncertainties disclosed in our Securities and Exchange Commission (“SEC”) filings, including our Annual Report on Form 10-K and our Quarterly Report on Form 10-Q filed with the SEC on March 16, 2022 and May 11, 2022, respectively. These filings are available online at www.sec.gov or www.PRTH.com.

We warn you that the important things mentioned above may not include all the things that are important to you. In addition, we cannot assure you that we will be aware of the results or developments we anticipate or anticipate or, even if most are aware, that they will result in the results we anticipate or affect us or our operations in the way we expected. You are warned not to place undue reliance on expected statements as a predictor of future performance. The anticipated statements attached to this press release are made solely as of this date. We have no obligation to publicly update or amend any forwarded statement as a result of new information, upcoming events or otherwise, except as required by law. If we update one or more forward-looking statements, there is no need to say that we will make further updates in relation to those or other anticipated statements. We qualify all of our expected statements through these warning statements.



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