A committee of independent directors at Priority Technology Holdings Inc. has retained Barclays as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP as independent legal counsel to evaluate a preliminary, non-binding proposal from Chairman and Executive Officer Thomas Priore and his investor group regarding a potential take-private transaction. The Special Committee was formed to review the offer and consider other strategic alternatives. No definitive timetable has been set for the evaluation, and there is no assurance that any agreement or transaction will result.