TSX Venture Exchange: FGD
Frankfurt Stock Exchange: 1G5
TORONTO, Nov. 14, 2017 /CNW/ - First Global Data ("First
Global" or the "Company") is pleased to announce that its wholly
owned US subsidiary, First Global Money Inc, has been granted three
additional Money Transmitter licenses in the USA.
The Company has obtained new licenses in the states of
Washington, Wisconsin and Washington DC taking the number of licenses to
34.
First Global is also pleased to announce that it has launched
its online money transfer service in Canada.
This service enables Canadian customers to electronically debit
funds from their bank accounts and to send funds to their friends
and family in Guyana, Jamaica, Malaysia, the
Philippines, and India
within seconds.
This marks the first phase of the Canadian online launch. The
Company plans to increase the number of destination countries and
to launch a similar service in the USA.
"We have made great progress in our license expansion program in
the USA. These licenses lay the
foundation for transactional growth for our existing US remittance
business, enables us to expand services we are already providing
with our large strategic partners such as Lianlian, and positions
the company well as we move toward the deployment of mobile payment
services with strategic partners in the USA. The launch of our new online service,
which can be found at www.firstglobalmoney.com, is a significant
milestone. Next steps include an awareness campaign of this
service, and we expect a significant contribution in new customers
and transactional growth through our licensees and key partners.
These groups will be actively marketing services through various
electronic media to their existing client bases and new customers.
This approach is in line with our corporate strategy of growth
through partnerships and I am excited that this next milestone has
been achieved", commented Andre
Itwaru, Chairman and CEO of First Global Data Limited.
About First Global Data Ltd.
(www.firstglobaldata.com)
First Global is an international
financial services technology ("FINTECH") company. The Company's
two main lines of business are mobile payments and cross border
payments. First Global's proprietary leading edge technology
enables the convergence of compliant domestic and cross border
payments, shopping, Peer to Peer ("P2P"), Business to Consumer
("B2C"), and Business to Business ("B2B") payments. First Global
enables its strategic partners and clients around the world with
our leading edge financial services technology platform.
Caution:
Neither TSX Venture Exchange Inc.
("TSXV") nor its Regulation Services Provider (as that term is
defined in the policies of the TSXV) accepts responsibility for the
adequacy or accuracy of this release.
The securities offered have not been registered under the
U.S. Securities Act of 1933, as amended, and may not be offered or
sold in the United States absent
registration or an applicable exemption from the registration
requirements. This press release shall not constitute an offer to
sell or a solicitation of an offer to buy nor shall there be any
sale of the securities offered in any jurisdiction in which such
offer, solicitation or sale would be unlawful.
Forward Looking Information:
This news release
contains "forward-looking information" within the meaning of
applicable securities laws. Although First Global believes in light
of the experience of its officers and directors, current conditions
and expected future developments and other factors that have been
considered appropriate, that the expectations reflected in this
forward-looking information are reasonable, undue reliance should
not be placed on them because First Global can give no assurance
that they will prove to be correct. Readers are cautioned to not
place undue reliance on forward-looking information. Actual results
and developments may differ materially from those contemplated by
these statements. The statements in this press release are made as
of the date of this release. First Global undertakes no obligation
to comment on analyses, expectations or statements made by
third-parties in respect of First Global, its securities, or
financial or operating results (as applicable). First Global
disclaims any intent or obligation to update publicly any
forward-looking information, whether as a result of new
information, future events or results or otherwise, other than as
required by applicable securities laws.
SOURCE First Global Data Limited