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Hank Payments Inks Agreement with New York State Automobile Dealers Association, Provides Update on Mortgage Transaction

Toronto, Ontario–(Newsfile Corp. – March 24, 2022) – Hank Payments Corp. (TSXV: HANK) (“Hank” or the “Enterprise”), a North American economical know-how firm that takes advantage of strong know-how to automate the complexities of personalized dollars movement administration in just one centralized area, is delighted to announce it has entered into an agreement dated March 16, 2022, with the New York State Car Dealers Association (“NYSADA”).

For above 90 yrs, NYSADA has been the collective voice of New York’s franchised vehicle dealers symbolizing shut to 1000 sellers across the point out. The NYSADA’s mission is to be the foremost automotive trade association in the country and guard and advance the general public, government, and marketplace relation’s pursuits of franchised new car or truck and truck dealers.

The connection with NYSADA further validates the Hank Payments platform worth to individuals and dealers alike. This exclusive romantic relationship supplies accessibility to 1,000 car dealers across New York point out. Hank is developing advertising, conversion, and implementation designs to activate NYSADA’s dealers and drive enhanced consumer enrollment.

“We are enthusiastic to bring Hank to our seller members,” commented NYSADA Chairman Brian Dennis. He included, “With increasing car or truck charges and increasing desire prices, there has in no way been additional demand from customers for the advantages Hank’s payment management system gives for individuals and sellers.”

“By this special connection, NYSADA’s advertising of the rewards of Hank’s platform will carry additional strategic value to the New York automotive industry,” remarked Megan Howell, Hank’s SVP Car-Channels. “We glimpse ahead to operating with NYSADA to continue on to showcase the worth that Hank brings to both equally sellers and buyers.”

Hank proceeds to development on the previously announced mortgage payment enterprise acquisition. The transaction is predicted to shut in the around term. Concurrently, Hank is performing with the specific corporation to make Hank’s cell enrolment technology out there to their mortgage brokers and expects to start roll-out shortly soon after closing.

About Hank Payments Corp.

Hank is a money engineering organization. The Hank software program platform (the “Hank Platform“) functions as a consumer’s personalized financial concierge working with potent technological know-how to automate personalized money flow administration complexities. By means of its FDIC (Federal Deposit Insurance policy Company) insured financial institution associates in the United States, Hank helps customers in each condition discover cash in their present dollars movement and velocity up the retirement of liabilities. The Hank Platform debits consumers when they have funds, merchants the money with spouse financial institutions, then instantly instructs husband or wife financial institutions to shell out expenses and financial loans as they occur because of and normally sooner than needed. Approximately fifty percent of Hank’s shoppers are financially sound and use the Hank System for usefulness, although the other fifty percent make improvements to their payment effectiveness by means of the use of the Hank System. A person hundred percent of Hank’s clients are in the United states of america and pay out setup and ongoing regular processing costs when remaining on the Hank System for an typical of 3 yrs. Hank continues to innovate and anticipates launching much more expansive features to its predicted expanding purchaser foundation to deliver greater visibility into their dollars movement, credit score functionality, and viability to borrow or refinance at decrease rates, which includes introducing Hank buyers to fascinated lenders.

About NYSADA

NYSADA serves franchised car stores throughout the condition of New York by offering aid in representation, state and federal regulations & regs, licensing & tax challenges and a lot more. Take a look at their web-site at www.nysada.com

Forward-Searching Statements

This information launch could include ahead-searching statements (within just the that means of relevant securities legal guidelines) which mirror the Firm’s present anticipations about long term events. Forward-wanting statements are discovered by text these kinds of as “believe”, “anticipate”, “task”, “hope”, “intend”, “plan”, “will”, “might”, “estimate” and other related expressions. These statements are based mostly on the Firm’s expectations, estimates, forecasts and projections and involve, without limitation, statements relating to the foreseeable future achievement of the Firm’s enterprise.

The ahead-wanting statements in this information launch are based mostly on selected assumptions, together with devoid of limitation the Shares starting trading on the TSXV. The ahead-seeking statements are not guarantees of long term overall performance and involve threats and uncertainties that are difficult to management or predict. A number of variables could cause genuine final results to vary materially from the benefits reviewed in the ahead-hunting statements. Readers, thus, need to not location undue reliance on any these forward-hunting statements. Even further, these forward-searching statements are produced as of the day of this news launch and, apart from as expressly expected by relevant law, the Company assumes no obligation to publicly update or revise any forward-on the lookout assertion, whether as a consequence of new details, upcoming situations or in any other case.

FOR More Information You should Get in touch with:

For a lot more info concerning Hank Payments Corp., you should contact: Michael Hilmer, Main Govt Officer at 1-833-HANKPAY. For Trader Relations remember to call [email protected] and pay a visit to the Company’s web page at www.hankpayments.com.

Neither the TSX Venture Exchange nor its Regulation Solutions Service provider (as that expression is described in the procedures of the TSX Venture Trade) accepts obligation for the adequacy or precision of this release.

To see the resource version of this press release, please visit https://www.newsfilecorp.com/launch/118009