Waitr Closes ProMerchant, Flow Payments and Cape Cod Merchant Services Acquisitions
August 26 2021 - 8:30AM
Business Wire
Waitr Holdings Inc. (Nasdaq: WTRH) (“Waitr” or the “Company”), a
leader in on-demand food ordering and delivery, today announced the
Company has completed the asset acquisitions of payment processing
companies ProMerchant, Flow Payments and Cape Cod Merchant
Services, three players in the merchant processing solutions
space.
“These acquisitions of these innovative payment companies are
part of our growth strategy to offer a full suite of payment
processing services to our current base of restaurants and any
restaurant in the future,” said Carl Grimstad, CEO and Chairman of
the Board of Waitr. “Our goal is to be able to offer a suite of
payment services to our ecosystem partners, including loyalty
programs, gift cards, payment processing, and merchant lending. We
view these acquisitions as an important step in pursuing this
strategy and we believe this could lead to significant growth for
Waitr in the future,” concluded Mr. Grimstad.
About Waitr Holdings Inc.
Founded in 2013 and based in Lafayette, Louisiana, Waitr
operates an online ordering technology platform, providing
delivery, carryout and dine-in options. Waitr, along with Bite
Squad and Delivery Dudes, connect local restaurants and grocery
stores to diners in underserved U.S. markets. Together, they are a
convenient way to discover, order and receive great food and other
products from local restaurants, national chains and grocery
stores. As of June 30, 2021, Waitr, Bite Squad and Delivery Dudes
operate in small and medium sized markets in the United States in
over 900 cities.
About ProMerchant, Flow Payments and Cape Cod Merchant
Services
ProMerchant, Flow Payments and Cape Cod Merchant Services guides
small to mid-sized merchants in both retail and ecommerce
industries in facilitating the entry into payment processing
solutions focusing on small to mid-sized merchants. Some of the
services offered are payment processing, gift card, loyalty
programs and more.
Cautionary Note Concerning Forward-Looking Statements
This press release contains “forward-looking statements,” as
defined by the federal securities laws, including statements
regarding the future growth, strategy and performance of the
Company. Forward-looking statements reflect Waitr’s current
expectations and projections about future events, and thus involve
uncertainty and risk. The words “believe,” “strategy,” “expect,”
“anticipate,” “will,” “could,” “would,” “should,” “may,” “might,”
“plan,” “estimate,” “intend,” “predict,” “potential,” “continue,”
and the negatives of these words and other similar expressions
generally identify forward-looking statements. Such forward-looking
statements are subject to various risks and uncertainties,
including the impact of the coronavirus (COVID-19) pandemic on the
Company’s business and operations, and those described under the
section entitled “Risk Factors” in Waitr’s Annual Report on Form
10-K for the year ended December 31, 2020, filed with the SEC on
March 8, 2021, as such factors may be updated from time to time in
Waitr’s periodic filings with the SEC, which are accessible on the
SEC’s website at www.sec.gov.
Accordingly, there are or will be important factors that could
cause actual outcomes or results to differ materially from those
indicated in these statements. These factors should not be
construed as exhaustive and should be read in conjunction with the
other cautionary statements that are included in Waitr’s filings
with the SEC. While forward-looking statements reflect Waitr’s good
faith beliefs, they are not guarantees of future performance. Waitr
disclaims any obligation to publicly update or revise any
forward-looking statement to reflect changes in underlying
assumptions or factors, new information, data or methods, future
events or other changes after the date of this press release,
except as required by applicable law. You should not place undue
reliance on any forward-looking statements, which are based only on
information currently available to Waitr.
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