Partnership Implements Credova Technology
into PublicSquare Marketplace and Expands Second Amendment Access
for Consumers
First Step in Building the Uncancellable
Payment Ecosystem for the Parallel Economy
PSQ Holdings, Inc. (NYSE: PSQH) (“PublicSquare,” “the
Company”), a leading marketplace of patriotic businesses and
consumers, and Credova Inc. (“Credova”), a point-of-sale financing
platform providing Buy Now Pay Later (BNPL) solutions catered to
the outdoor recreation and firearms industries, today announced
they have agreed to a partnership that will implement Credova BNPL
technology into the PublicSquare platform. The partnership will
provide PublicSquare access to Credova’s approximately 2.8 million
customers and 4,000 values-aligned vendors and provides the first
step in PublicSquare's efforts to build an uncancellable payment
ecosystem for the parallel economy. The partnership is expected to
launch during the second quarter of 2024.
Michael Seifert, Chairman and Chief Executive Officer of
PublicSquare, commented, “Our partnership with Credova is an
important next step in the maturation of the PublicSquare ecosystem
and helps solidify the parallel economy's economic engine. The
partnership supercharges the PublicSquare platform with an
immediate customer value proposition, plus immediate access to
Credova’s formidable client base, particularly in the firearms,
recreational, and personal defense industries. Through the
integration of the capabilities of Credova’s Buy Now Pay Later
payments technology, we open the door for both our consumers and
merchants to explore sales and financing opportunities that may
have been previously unavailable. Further, this partnership ensures
that purchases in the PublicSquare marketplace remain secure from
cancellations, helping to protect Second Amendment rights, a
crucial and necessary safeguard for the parallel economy. We are
excited for our partnership with the excellence-driven Credova
team.”
Credova Highlights
- Credova is the leading BNPL solution for the firearms
industry
- Exclusive partnerships with over 60% of the top online shooting
sports retailers
- Over 2.8 million customers
- More than 4,000 values-aligned vendor relationships
Dusty Wunderlich, Chief Executive Officer of Credova, commented,
“We are eager to embark on this journey with PublicSquare,
confident in the value creation we unlock together. This is a
transformative moment for Credova, solidifying our belief that the
future of commerce lies in the integration of marketplaces with
innovative payment solutions. This alliance propels Credova to the
forefront of the parallel economy, giving us a differentiated
strategic advantage in the competitive BNPL landscape. This not
only broadens our market reach but also provides unprecedented
financial flexibility to PublicSquare customers, safeguarding their
purchases from cancellation in the process. We look forward to
serving great American businesses and patriotic consumers for years
to come with the great people at PublicSquare."
About PublicSquare
PublicSquare is an app and website that connects patriotic
Americans to high-quality businesses that share their values, both
online and in their local communities. The primary mission of the
platform is to help consumers “shop their values” and put purpose
behind their purchases. In just over one year since its nationwide
launch, PublicSquare has seen tremendous growth and proven to the
nation that the parallel, “patriotic” economy can be a major force
in commerce. The platform has approximately 71,000 businesses from
a variety of different industries and approximately 1.6 million
consumer members. Additionally, PublicSquare leverages data and
insights from the platform to assess its members’ needs and provide
quality wholly-owned products, such as EveryLife diapers and wipes,
to fill those needs. PublicSquare is free to join for both
consumers and business owners alike, and to learn more, download
the app on the App Store or Google Play, or visit
PublicSquare.com.
About Credova
Credova offers industry-leading buy now, pay later (BNPL)
solutions, empowering consumers with flexible payment options and
driving substantial growth for merchants. As a pioneer in the BNPL
sector, Credova enables flexible purchasing of items such as
firearms, ammunition, and shooting sports accessories, both online
and in brick-and-mortar locations. Deeply committed to preserving
American freedoms, Credova effortlessly bridges the gap between
aspiration and ownership, making essential and leisure items more
accessible. Dedicated to nurturing the adventurous American spirit,
Credova enriches lives with transparent, adaptable payment
solutions, epitomizing a commitment to financial empowerment and
traditional values.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act and Section 21E of
the Securities Exchange Act of 1934, as amended, and for purposes
of the “safe harbor” provisions under the United States Private
Securities Litigation Reform Act of 1995. Any statements other than
statements of historical fact contained herein are forward-looking
statements. Such forward-looking statements include, but are not
limited to, expectations, hopes, beliefs, intentions, plans,
prospects, financial results or strategies regarding PublicSquare,
anticipated product launches, our products and markets, future
financial condition, expected future performance and market
opportunities of PublicSquare. Forward-looking statements generally
are identified by the words “anticipate,” “believe,” “could,”
“expect,” “estimate,” “future,” “intend,” “may,” “might,”
“strategy,” “opportunity,” “plan,” “project,” “possible,”
“potential,” “project,” “predict,” “scales,” “representative of,”
“valuation,” “should,” “will,” “would,” “will be,” “will continue,”
“will likely result,” and similar expressions, and in this press
release; however, the absence of these words does not mean that a
statement is not forward-looking. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this communication, including,
without limitation: (i) the outcome of any legal proceedings that
may be instituted against PublicSquare related to the business
combination with Colombier, (ii) changes in the competitive
industries and markets in which PublicSquare operates, variations
in performance across competitors, changes in laws and regulations
affecting PublicSquare’s business and changes in the combined
capital structure, (iii) the ability to implement business plans,
growth, marketplace and other expectations, and identify and
realize additional opportunities, (iv) risks related to
PublicSquare’s limited operating history, the rollout and/or
expansion of its business and the timing of expected business
milestones, including EveryLife, PSQ Link, E-commerce, and the
Tucker Carlson partnership, (v) risks related to PublicSquare’s
potential inability to achieve or maintain profitability and
generate significant revenue, (vi) the ability to raise capital on
reasonable terms as necessary to develop its products in the
timeframe contemplated by PublicSquare’s business plan, (vii) the
ability to execute PublicSquare’s anticipated business plans and
strategy, (viii) the ability of PublicSquare to enforce its current
or future intellectual property, including patents and trademarks,
along with potential claims of infringement by PublicSquare of the
intellectual property rights of others, (ix) actual or potential
loss of key influencers, media outlets and promoters of
PublicSquare’s business or a loss of reputation of PublicSquare or
reduced interest in the mission and values of PublicSquare. and the
segment of the consumer marketplace it intends to serve, and (x)
the risk of economic downturn, increased competition, a changing
regulatory landscape and related impacts that could occur in the
highly competitive consumer marketplace, both online and through
“bricks and mortar” operations. The foregoing list of factors is
not exhaustive. Recipients should carefully consider such factors
and the other risks and uncertainties described and to be described
in PublicSquare’s public filings with the Securities and Exchange
Commission. These filings identify and address other important
risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made. Recipients are cautioned not to put undue reliance
on forward-looking statements, and PublicSquare. does not assume
any obligation to, nor intends to, update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise, except as required by law.
PublicSquare gives no assurance that PublicSquare will achieve its
expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20240123650584/en/
Investors: investment@publicsquare.com
Media: pr@publicsquare.com
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