TSX Venture Exchange: FGD
Frankfurt Stock Exchange: 1G5
TORONTO, Jan. 4, 2018 /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 two
additional Money Transmitter licenses in the USA.
The Company has received approvals for new licenses from the
states of Oklahoma and
Oregon. This means that the
Company now has 36 state money transmitter licenses having obtained
16 new licenses since January
2017.
"Firstly, on behalf of our entire global team, we would like to
offer our sincere best wishes of good health, happiness and
prosperity for 2018 to our shareholders, partners, and all of our
stakeholders. In 2017, we made great progress in our USA license expansion program. We are
fortunate to have received two new licenses in the early days of
2018. We believe that licenses and operating within the guidelines
of the various regulatory bodies are key success factors for
companies operating in the FINTECH sector. In retrospect, the
decision to go this more difficult route is proving to have been
the right decision. This is being validated by the number of
companies interested in working with First Global. Licensing and
compliance remain cornerstones of the Company and we continue to
work diligently to obtain full license coverage in the USA," 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