Exhibit 99.1

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Investor and Media Inquiries:
Chris Kettmann
773-497-7575
ckettmann@lincolnchurchilladvisors.com



Priority Technology Holdings Announces Fourth Quarter and Full Year 2018 Results
Strong Underlying Growth is Obscured by the Impact of Card Association
Rule Changes on Subscription-Billing e-Commerce Merchants

ALPHARETTA, GEORGIA - March 20, 2019 -- Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority” or the “Company”), a leading provider of merchant acquiring and commercial payment solutions, today announced results for the fourth quarter and full-year ended December 31, 2018.

Highlights
Fourth Quarter 2018, Compared with Fourth Quarter 2017
Consolidated revenue of $100.5 million declined 16.3% due to the wind-down of subscription-billing e-commerce merchants resulting from card association rule changes
Adjusted consolidated revenue(1) of $93.0 million, which excludes the impact of subscription-billing e-commerce merchants, grew 4.2%
Gross profit margin increased to 29.8% from 24.6%. The Company’s gross profit metric represents revenue less costs of merchant fees and other costs of services on its consolidated statement of operations
Consolidated income from operations of $5.3 million declined $5.7 million
Adjusted consolidated income from operations(1) of $4.4 million, which excludes the impact of subscription-billing e-commerce merchants and certain other expenses as described below, grew 59.1%
Consolidated Adjusted EBITDA(1) was $14.6 million compared to $16.9 million
Total merchant bankcard processing dollar value grew 6.0% to $9.4 billion from $8.9 billion

Full-Year 2018, Compared with Full-Year 2017
Consolidated revenue of $424.4 million declined 0.3% due to the wind-down of the subscription-billing channel, largely offset by overall increases in bankcard processing dollar value and merchant bankcard transaction volume of 10.1% and 6.1%, respectively
Adjusted consolidated revenue(1) of $359.2 million grew 8.9%
Gross profit margin increased to 25.9% from 24.5%
Consolidated income from operations of $19.9 million decreased $15.3 million
Adjusted consolidated income from operations(1) of $11.0 million increased $2.0 million, or 22.8%
Consolidated Adjusted EBITDA(1) was $52.9 million compared to $57.0 million
Total merchant bankcard processing dollar value grew 10.1% to $38.2 billion from $34.7 billion

(1) See “Reconciliation of Non-GAAP Financial Measures” at the end of this earnings release for details regarding these measures

1

The following information was filed by Priority Technology Holdings, Inc. (PRTH) on Thursday, March 21, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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