Rego Payment Architectures, Inc. appointed David A. Knight as Chairman of the board and a member of its board of directors, and as its Chief Executive Officer. Mr. Knight has been the company's President and Chief Operating Officer since July 2017. Prior thereto, Mr. Knight has been the Chief Executive Officer, President and Founder of SX Latin Liquors from 2007.

In connection with his appointment as Chief Executive Officer, Mr. Knight is relinquishing the title of Chief Operating Officer. On September 28, 2017, Dale Jensen resigned from his position as a member of the board of directors of the company. Mr. Jensen resigned for personal reasons and not as a result of disagreements with the company relating to its operations, policies or practices.

On October 25, 2017, Kirk Bradley resigned from his position as a member of the Board of Directors of the Company. Mr. Bradley resigned for personal reasons and not as a result of disagreements with the Company relating to its operations, policies or practices. Mr. Bradley will remain as a member of the Company's advisory board, working in such capacity with the Company's technology team.