Usio Partners with NASCAR Driver Landon Cassill of Kaulig Racing

SAN ANTONIO, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Usio, Inc. (Nasdaq: USIO), a leading, cloud-based, integrated FinTech electronic payment solutions provider, announced today it will be partnering with driver Landon Cassill of Kaulig Racing during the 2022 NASCAR Xfinity Series (NXS) season. As part of the partnership, Landon will drive a Usio branded version of his No. 10 Chevrolet Camaro. Usio’s first race with Cassill will be held in Austin, Texas, at Circuit of the Americas.

Louis Hoch, President and Chief Executive Officer of Usio, said, “We are extremely excited to team up with Landon Cassill and Kaulig Racing. NASCAR continues to grow in popularity with attendance up in 2021 and viewership both on NBC sports and over its streaming networks on the rise. This partnership is a win in every dimension, for Usio, for Landon, for Kaulig Racing and NASCAR in general. The sponsorship also involves a number of additional planned promotional events, all of which with a turn of the ignition, will generate a lot of noise for Usio and its shareholders and increase our national brand awareness. We look forward to watching Landon drive the No. 10 Usio Chevy to victory at the upcoming Texas-based races at Circuit of the Americas in Austin, Texas on March 26^th and Texas Motor Speedway in Ft. Worth, Texas, on September 24^th.”

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

About Kaulig Racing™
Kaulig Racing™ is a full-time multi-car NASCAR Cup Series (NCS) and NASCAR Xfinity Series (NXS) team, owned by award winning entrepreneur, Matt Kaulig. Established in 2016, Kaulig Racing™ has made the NXS Playoffs consecutively each season since the playoff system started and made the Championship 4 round in both the 2020 and 2021 seasons. They will continue fielding three, full-time NXS entries; the No. 10 Chevrolet driven by Landon Cassill, the No. 11 Chevrolet driven by Daniel Hemric, and the No. 16 Chevrolet driven by AJ Allmendinger. With multiple wins, Kaulig Racing has come to be one of the top competitors on track each weekend. The team made multiple starts in the NCS in 2021 and won in its seventh-ever start with AJ Allmendinger’s victory at “The Brickyard” for the Verizon 200 at Indianapolis Motor Speedway. The young team has acquired two charters for the 2022 NCS season, with Justin Haley competing as its first, full-time driver in the series. The team’s second entry will be shared by part-time teammates AJ Allmendinger, Daniel Hemric and Noah Gragson. To learn more about the team, visit kauligracing.com.

About Usio, Inc.
Usio, Inc. (Nasdaq: USIO), a leading, cloud-based, integrated FinTech electronic payment solutions provider, offers a wide range of payment solutions to merchants, billers, banks, service bureaus, crypto exchanges, and card issuers. The Company operates credit, debit/prepaid, and ACH payment processing platforms to deliver convenient, world-class payment solutions and services to their clients. The company, through its Usio Output Solutions division offers services relating to electronic bill presentment, document composition, document decomposition and printing and mailing services. The strength of the Company lies in its ability to provide tailored solutions for card issuance, payment acceptance, and bill payments as well as its unique technology in the prepaid sector. Usio is headquartered in San Antonio, Texas, and has offices in Austin, Texas, and Franklin, Tennessee, just outside of Nashville.
Websites: www.usio.com, www.payfacinabox.com, www.akimbocard.com and www.usiooutput.com. Find us on Facebook^® and Twitter.

FORWARD-LOOKING STATEMENTS DISCLAIMER

Except for the historical information contained herein, the matters discussed in this release include forward-looking statements which are covered by safe harbors. Those statements include, but may not be limited to, all statements regarding management's intent, belief and expectations, such as statements concerning our future and our operating and growth strategy. These forward-looking statements are identified by the use of words such as "believe," "intend," "look forward," "anticipate," "schedule,” and "expect" among others. Forward-looking statements in this press release are subject to certain risks and uncertainties inherent in the Company's business that could cause actual results to vary, including such risks related to an economic downturn as a result of the COVID-19 pandemic, the realization of opportunities from the IMS acquisition, the management of the Company's growth, the loss of key resellers, the relationships with the Automated Clearinghouse network, bank sponsors, third-party card processing providers and merchants, the security of our software, hardware and information, the volatility of the stock price, the need to obtain additional financing, risks associated with new tax legislation, and compliance with complex federal, state and local laws and regulations, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission including its annual report on Form 10-K for the fiscal year ended December 31, 2020. One or more of these factors have affected, and in the future, could affect the Company’s businesses and financial results in the future and could cause actual results to differ materially from plans and projections. The Company believes that the assumptions underlying the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that the objectives and plans will be achieved. All forward-looking statements made in this release are based on information presently available to management. The Company assumes no obligation to update any forward-looking statements, except as required by law.

Contact:

Joe Hassett, Investor Relations
joeh@gregoryfca.com
484-686-6600