You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

SEATTLE--(BUSINESS WIRE)--POSaBIT is pleased to welcome Don Tringali to its board, where he will serve as Board Director. Mr. Tringali brings a wealth of experience and insight to the POSaBIT team. Don Tringali is the founder and Chief Executive Officer of Augusta Advisory Group, a U.S.-based boutique financial and business consulting firm providing a full range of executive, operations and corporate advisory services to leading public and private companies in a wide array of industries. He brings over 30 years of experience as a business lawyer, C-level executive, independent corporate director and board advisor to his new role. Mr. Tringali holds a BA in Economics from UCLA and a JD (Juris Doctor) degree from Harvard Law School. Along with Dons addition to the board, Jeff Dossett will continue working with POSaBIT but will move from a POSaBIT Board Director to a non-voting Board Advisor. ABOUT POSABIT POSaBIT (CSE: PBIT) is a financial technology company that delivers unique and innovative, blockchain-enabled payment processing and point-of-sale systems for cash-only businesses. POSaBIT specializes in resolving pain points for complex, high-risk, emerging industries like cannabis with an all-in-one solution that is compliant, user-friendly and utilizes top-of-the-line hardware. POSaBITs unique solution provides a safer and transparent environment for merchants while creating a better overall experience for the consumer. For additional information, visit: www.posabit.com.

Answer: POSaBIT Appoints Don Tringali as Board Director