GOVERMEDIA PLUS CANADA CORP. ANNOUNCES COMMERCIAL PARTNERSHIP WITH ONE OF THE LARGEST EUROPEAN CRYPTOCURRENCY EXCHANGES
June 18 2018 - 8:00AM
InvestorsHub NewsWire
GOVERMEDIA PLUS CANADA CORP. ANNOUNCES
COMMERCIAL PARTNERSHIP WITH ONE OF THE LARGEST EUROPEAN
CRYPTOCURRENCY EXCHANGES
Vancouver, BC -- June 18, 2018
-- InvestorsHub NewsWire --
GoverMedia Plus Canada Corp. (CSE:
MPLS) (FWB: 48G) (WKN: A2JF6W) (“GoverMedia”
or the “Company”), is pleased to announce today
its wholly owned subsidiary, GoverMedia Plus LLC has signed a
commercial partnership agreement with EXMO Finance LLP, one of the
biggest cryptocurrency exchanges in Europe with an average 24-hour
trading volume of currently over $40 million USD. According to
CryptoCoinCharts, EXMO is in the top 15 largest cryptocurrency
exchanges in the world. This strategic partnership represents the
first step of the Company’s previously announced plans to integrate
cryptocurrency-related and blockchain-based services, as well as
the first step of a broad strategic relationship with
EXMO.
Under
this partnership agreement, the Company will act as an exchange
counterparty on the EXMO platform. The Company will open a
corporate account on the EXMO exchange and provide its users with
the possibility to trade cryptocurrencies via the GoverMedia online
ecosystem, through a facilitated process. EXMO and GoverMedia are
planning to integrate their technology infrastructures through an
open API (Application Programming Interface). The Company’s users
will access their online crypto-trading accounts at any time
without having to leave the GoverMedia ecosystem. Users will
be able to actively trade crypto-currencies while logged into the
Govermedia platform. Through this strategic partnership, GoverMedia
will be entering into a separate profit-sharing agreement with
EXMO. Every proceed generated by crypto-trading activity of
GoverMedia’s users into the EXMO exchange will be split between the
two companies. Integration costs are minimal and the Company
projects to incur very little cost of sales. In addition, the
Company will benefit from the joint direct advertisement towards
EXMO’s active user base, comprised of greater than 1,400,000 active
traders in more than 200 countries. This has the potential to drive
further users to the Govermedia platform.
CEO
Roland J. Bopp commented “This strategic commercial partnership
with EXMO is a critical step in incorporating blockchain and
cryptocurrency related offerings in our ecosystem. GoverMedia’s
goal is to satisfy every online need through one single platform,
and the successful integration of EXMO’s trading platform is a key
first step to achieve the company’s strategic objectives. We are
confident this offering will provide our community with an
incredible user experience and positively impact user activity in
our ecosystem. In addition, this partnership will generate a solid
revenue stream and opens the way for additional future
collaborations.”
About EXMO
The
EXMO platform has been operating since 2013 and there are over
1,400,000 registered users from all around the world. The Exchange
has showcased fast growth over the years of its existence and an
increased year-on-year performance (2017 has seen a 250% surge in
clients). The online Exchange offers 48 currency trading pairs, and
provides the opportunity to trade in FIAT currencies as well,
notably USD, EUR, RUB, etc. There are currently +200,000 daily
visitors on the EXMO platform and 10,000 new registrations per day.
EXMO is planning to offer Margin Loans on their platform in
2018.
About GoverMedia Plus Canada
Corp.
GoverMedia Plus Canada Corp. is a Canadian
holding company with a fully owned Russian technology subsidiary.
GoverMedia has developed a fully operational state of the art
internet platform offering all-inclusive online services such as,
e-commerce, social media, multimedia, corporate auctions, corporate
database, messaging platform and crowdfunding services. We believe
the GoverMedia platform is the first and only internet platform
offering such a wide range of online services accessible via only
one account. The Company’s management and advisors have extensive
expertise in the Telecommunications, High-Technology, Corporate
Development and Finance fields. www.gm.plus and www.govermedia.plus.
For
further information, please contact:
Roland
J. Bopp
President and CEO
(888)
672-4415
This press release is not an offer of securities
of the Company for sale in the United States. The Common
Shares of the Company may not be offered or sold in the United
States absent registration under the U.S. Securities Act of 1933,
as amended (the U.S. Securities Act”), or an exemption from such
registration. The Common Shares have not been and will not be
publicly offered in the United States. The Common Shares have
not been and will not be registered under the U.S. Securities Act
or any state securities laws.
Cautionary Note Regarding Forward-Looking
Statements
The
statements made in this press release may contain certain
forward-looking statements concerning potential developments
affecting the business, prospects, financial condition and other
aspects of GoverMedia. The words "will", "may", "anticipate",
"intend", "plan" and similar words and expressions are used to
identify forward-looking information. These statements include that
the Company will resume trading on the CSE. The actual results of
the specific items described in this release, and the Company's
operations generally, may differ materially from what is projected
in such forward-looking statements. Although such statements are
based upon the best judgments of GoverMedia's management as of the
date of this release, significant deviations in magnitude, timing
and other factors may result from business risks and uncertainties
including, without limitation, GoverMedia's dependence on third
parties, general market and economic conditions, technical factors,
the availability of outside capital, receipt of revenues and other
factors, many of which are beyond the control of GoverMedia.
GoverMedia disclaims any obligation to update information contained
in any forward-looking statement unless required by applicable
securities laws.
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