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QPAGOS and DPW Holdings Enter in Agreement To Form Joint Venture to Establish Footprint of Cutting Edge Digital Payment ServicesNew Venture to Be Called Innovative e-Payment Solutions, LLC. with Operations in Southern California Set to Begin in September Mexico City, Mexico , June 15, 2018 (GLOBE NEWSWIRE) -- QPAGOS (OTCQB: QPAG), a U.S.-based provider of digital payment services in Mexico and DPW Holdings, Inc. (“DPW” or the “Company”), a diversified holding company, today announced the execution of an agreement to establish a new joint venture for the purpose of launching a network of 1,000 self-service kiosks starting in California over the next 12 months. The parties are expected to enter into an operating agreement of Innovative e-Payment Solutions, LLC and related credit facility agreement and supply agreement, on or prior to July 1st, 2018. Unless otherwise agreed to by the parties, the agreement to establish a joint venture will terminate if the parties do not enter into the operating agreement, credit facility agreement and supply agreement prior to July 1st, 2018. It is anticipated that the self-service kiosks will feature consumer payments to a library of over 10,000 vendors, utilities and service providers actively accepting payments (domestic and international) as well as mobile top up service, money transfers, cryptocurrency purchases and payments and micro lending transactions. Headquartered in Los Angeles, Innovative e-Payment Solutions, LLC will seek to leverage QPAGOS’ cutting-edge digital payment solutions for consumers and service providers, as well DPW Holding’s strategic leadership in identifying and supporting disruptive technologies to reach their full growth potential. "We are thrilled to have been chosen by DPW Holdings, Inc. as their strategic technology partner in this endeavor. Our technology, successfully deployed in Mexico and a dozen of other countries, should provide Innovative e-Payment Solutions with a unique competitive advantage, allowing it to cater to specific consumer needs for both domestic and cross-border payments," said Gaston Pereira, Chief Executive Officer of OPAGOS. With this new venture, QPAGOS enters the U.S. market and looks forward to providing innovative cross-border payment solutions between the U.S. and Latin America. Already widely recognized and established in Mexico and other countries as the leading Kiosk self-service payment solution, QPAGOS anticipates providing new digital payment options to customers in the U.S. in a market primed for growth and innovation. United States based QPAGOS offers cutting edge digital payment services for consumers and service providers in Mexico where 60% of the adult population does not have a bank account and where 95% of consumer purchases are made in cash. It operates a network of self-servce kiosks and applications offering alternative payment more convenient for consumers and a more efficient billing platform for service providers. (WWW.QPAGOS.COM ) ABOUT DPW HOLDINGS, INC. Headquartered in Newport Beach, CA, DPW Holdings, Inc., (www.DPWHoldings.com), is a diversified holding company with a growth strategy of acquiring undervalued assets, disruptive technologies, sustainable solutions, and exciting ventures for incubation and development to their full potential for long-term growth and investor returns. DPW, through its wholly-owned subsidiary, Coolisys Technologies, Inc., is dedicated to providing world-class technology-based solutions for critical applications and lifesaving services, in which innovation is the main driver. Digital Power Lending, LLC, www.DigitalPowerLending.com, a wholly owned subsidiary of the Company, is based in Fremont, CA, and is a California private lending company operating under Financial Lender’s License ##60DBO-77905 dedicated to strategically providing capital to small and middle size businesses for an equity interest in addition to loan fees and interest SAFE HARBOR STATEMENT This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statement of historical fact contained in this press release are forward-looking statements. In some case, forward-looking statements can be identified by terminology such as "anticipate," "believe," "can," "continue," "could," "estimate, "expect," "intend," "may," "plan," "potential," "predict," "project," "should," or "will" or the or the negative of these terms or other comparable terminology and include statements regarding entering into an operating agreement of Innovative E-Payment Solutions, LLC and related credit facility agreement and supply agreement, on or prior to June 30, 2018, For investor inquiries please call (888) 238-1466 (+1-881-238-1466 for international callers) or email [email protected] For business inquiries please call (844) 470-5531 or email [email protected] Angela Trostle Gorman Partner & President | AMW PR T. 212.542.3246 | C. 917.348.0083 [email protected] |