BOCA RATON, Fla., Dec. 19, 2023 (GLOBE NEWSWIRE) -- (500NewsWire) — Kindcard, Inc. (OTC Markets: KCRD) (“Kindcard” and the “Company”) is pleased to announce the release of its latest research report, to provide the small cap community with a snapshot of the Company and its wholly owned subsidiaries, Deb, Inc. (“Deb”) and Tendercard, Inc.
Michael Rosen, CEO of Kindcard, stated, “We are excited for our upcoming launch of Deb in the new year and believe that Deb will become a significant alternative payments platform to all in-store and online merchants that are looking to reduce the cost of credit and debit card acceptance.” Mr. Rosen continued, “Our Research Report depicts how Kindcard and its subsidiaries will operate within the multi-billion dollar payments industry.”
Summary of Global Research Findings:
- Kindcard, Inc. (the “Company”) operates through its two wholly owned subsidiaries, Deb, Inc. (“Deb”) and Tendercard, Inc. (“Tendercard”), each with proprietary advantages.
- The Company’s Deb subsidiary is poised to take advantage of expected disruption in the global payment processing market.
- Deb is focused on providing innovative payment solutions and financial tools to the field of “high risk” merchants, which account for 80% of online U.S. businesses.
- Deb’s addressable market includes three segments of the broader $2.1 trillion global payment industry.
- The Deb platform includes a unique combination of proprietary components not easily replicated by traditional industry players.
- The Company’s proprietary “Pay With Deb” wallet app gives the Company potential in the e-wallet segment, which is expected to be the fastest growing segment of the payment processing industry.
- Deb’s closed-loop merchant platform serves the needs of the growing number of high-risk merchants looking for more affordable and reliable account options.
- “Pay With Deb” represents a value proposition for both consumers and businesses.
- Deb has defined goals for growing its user and merchant bases in the next 12-24 months.
- The Company’s Tendercard subsidiary operates in the $835 billion gift cards market, which is expected to reach $4.2 trillion by 2023.
- The Company’s management team forecasts 2024 gross revs of $2.8M+ and gross revenues of $28M+ by 2027.
For complete access to the Global Small Cap Research Report click the link below:
About Kindcard, Inc.:
Kindcard, Inc. (OTC Markets: KCRD) (“Kindcard” and the “Company”) is engaged in designing and taking to market safer more secure ways for business and consumers to transact as an alternative to cash, credit cards and checks. Through its proprietary “Pay with Deb” wallet, merchants have access to banking products they might be unable to access through traditional credit card processing or cashless financial tools.
The Company provides alternative “Closed-Loop” payment solutions to consumers and businesses across a wide array of verticals. The Company believes that mobile wallet technology will ultimately grow to become the preferred method for merchants and consumers to transact at the point of sale, and it is our goal to capture significant market share from the mobile wallet segment through its proprietary “Pay with Deb” consumer app and merchant services platform.
The Company targets the mid to high-risk merchant market where businesses operating within innovative verticals and e-commerce are incurring higher transaction costs, utilizing a robust compliance policy for onboarding users and businesses in accordance with federal and state regulations. “Pay with Deb” operates on a “closed-loop” system, whereby consumers can purchase “Deb Tokens” to store in their mobile wallets and use their Deb Tokens to make purchases within the Pay with Deb merchant network. Deb Tokens are not a crypto currency, stable coins, or tied to any exchange. For more information about Kindcard, please visit the Company’s website: www.kindcard.com
Kindcard is subject to the information and reporting requirements of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and, in accordance with the Exchange Act, the Company files periodic reports, documents, and other information with the Securities and Exchange Commission (the “Commission”) relating to our business, financial statements, and other matters. These filings are available to the public on the Commission’s website at http://www.sec.gov.
Safe Harbor Provision
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expects,” “intends,” “plans,” “projects,” “estimates,” “anticipates,” or “believes” or the negative thereof or any variation thereon or similar terminology or expressions. These forward-looking statements are based upon current estimates and assumptions. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from results proposed in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, those factors set forth in the Company’s Annual Report on Form 10-K for the year ended January 31, 2023 and its other filings and submissions with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements. This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.
Contact:
Kindcard, Inc.
(888) 888-0708
Info@kindcard.com
Investor Relations:
Info@kindcard.com
