“Green Dot maintains a very active dialogue with our shareholders and
welcomes their input as a part of our commitment to continually evaluate
options to enhance long-term value and to act in the best interests of
all our shareholders. Members of Green Dot’s Board and management have
held numerous calls and hosted meetings with
“We are confident in our roadmap for growth, and our ability to deliver long-term shareholder value. Under Steve Streit’s leadership, Green Dot has established a strong competitive position against existing and numerous new competitors, renewed a long term contract with its largest customer, made several highly accretive acquisitions and positioned its business in full alignment with key current and pending regulatory changes, which could potentially have severe effects on Green Dot's competitors. Additionally, the company authorized a significant share repurchase program and committed to ongoing share repurchases through 2018. These achievements have positioned Green Dot well for long-term growth.
“We are committed to executing our strategy and we continue to carefully evaluate capital allocation to ensure we are pursuing the most promising growth opportunities, while simultaneously enhancing shareholder value.”
About Green Dot
Forward-Looking Statements
This press release may be deemed to contain forward-looking statements,
which are subject to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Actual results may differ
materially from those contained in the forward-looking statements
contained in this press release. The potential risks and uncertainties
that could cause actual results to differ from those projected include,
among other things, the impact of the Company’s supply chain management
efforts on its revenue growth, the timing and impact of revenue growth
activities, the Company's dependence on revenues derived from Walmart
and three other retail distributors, impact of competition, the
Company's reliance on retail distributors for the promotion of its
products and services, demand for the Company's new and existing
products and services, continued and improving returns from the
Company's investments in new growth initiatives, potential difficulties
in integrating operations of acquired entities and acquired
technologies, the Company's ability to operate in a highly regulated
environment, changes to existing laws or regulations affecting the
Company's operating methods or economics, the Company's reliance on
third-party vendors, changes in credit card association or other network
rules or standards, changes in card association and debit network fees
or products or interchange rates, instances of fraud developments in the
prepaid financial services industry that impact prepaid debit card usage
generally, business interruption or systems failure, and the Company's
involvement litigation or investigations. These and other risks are
discussed in greater detail in the Company's
View source version on businesswire.com: http://www.businesswire.com/news/home/20160125006473/en/
Source:
Green Dot Corporation
Investor Relations, 626-765-2427
IR@greendot.com
or
Media
Relations
Brian Ruby, 203-682-8268
Brian.Ruby@icrinc.com
or
John
Christiansen / Lindsay Andrews, 415-618-8750
jchristiansen@sardverb.com
/ landrews@sardverb.com