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Spindle Appoints Payments Industry Veteran John Hunnicutt as Chief Financial Officer

SCOTTSDALE, AZ--(Marketwired - Jul 13, 2016) - Spindle, Inc. (OTCQB: SPDL) ("Spindle" or "Company"), a leading provider of Unified Commerce solutions, today announced that it has appointed payments industry veteran John Hunnicutt as Chief Financial Officer. Hunnicutt brings to Spindle more than 18 years experience in the areas of corporate finance, treasury management and accounting.

Prior to joining Spindle, Hunnicutt served as Executive Vice President of edo Interactive, a pioneer in the card-linked offers industry currently operating in Nashville, Chicago and London. He was an integral part of the founding executive management team, providing key contributions in product development, capital deployment strategy, intellectual property management, technical platform development, and strategic planning. He was also responsible for establishing and managing all aspects of the company's finance, administration, human resources and legal departments while reviewing and managing execution for global brands such as Coca-Cola, Discover, Citibank, Visa International, Visa Europe and Capital One, and providing oversight of international operations. In addition, he successfully completed debt and equity investments in excess of $76 million and served as Director of edo Europe, Ltd.

Prior to that, Hunnicutt served as Chief Financial Officer of Link2Gov, a leader in the merchant acquiring business focused on public sector clients such as the IRS. Link2Gov was acquired by Metavante (Now Fidelity Information Systems-FIS) in 2005. While there, he was responsible for all aspects of financial management, planning and execution, leading its finance team from recapitalization through the company's sale.

Michael Schwartz, Spindle Interim CEO commented, "I'm very pleased to name John as our new CFO. His financial acumen and specific experience in the Financial Services and Payments space makes him ideally suited for the role. John is a great addition to our growing management team of long-time accomplished industry veterans and I look forward to working closely with him to create value on behalf of our shareholders."

"I'm excited at the opportunity to join Spindle at what I believe to be an opportunistic point in its evolution. I'm a big believer that the value of a company and the size of its opportunity is often measured by the quality of its management team and its employees. Knowing many of those involved in current management and the company's board, I'm optimistic about our future. I look forward to working with Mike and the Company's board of directors to achieve our collective goals," said John Hunnicutt, newly named Spindle CFO.

About Spindle
Spindle is an innovator of unified commerce solutions for consumer-facing merchants of all sizes. It is focused on pioneering new ways for businesses to rapidly integrate mission critical business services, payment acceptance, and mobile marketing services -- while empowering location-based merchant discovery, fulfillment and frictionless consumer engagement. Spindle is dedicated to offering cutting-edge solutions that surpass traditional boundaries and allow clients, partners, merchants and consumers to take full advantage of the rapidly emerging mobile economy. Spindle's extensive proprietary intellectual property portfolio -- which includes patents pending -- encompasses networks, mobile payments, and security. For more information, visit www.spindle.com.

Forward-Looking Statements
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements, as described in our reports filed with the Securities and Exchange Commission which are available for review at www.sec.gov, to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.