First Quarter Gross Revenue of $997K Generates Net Operating Income of $75,744

Date : 05/30/2019 @ 2:24PM
Source : GlobeNewswire Inc.
Stock : Fintech Select Ltd (FTEC)
Quote : 0.03  0.0 (0.00%) @ 1:00AM

First Quarter Gross Revenue of $997K Generates Net Operating Income of $75,744

Fintech Select (TSXV:FTEC)
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Fintech Select Ltd. (“Fintech Select” or the “Company”) (TSX-V: FTEC) is pleased to announce its un-audited financial results for its first quarter ended March 31, 2019. The Company has made gross revenue of $997,686 with a net operating income of $75,744 and a comprehensive income of $88,381 due to the increased revenue of its high margin business unit.

The first quarter 2019 Financial Statements and Management Discussion & Analysis (“MD&A”) have been filed on SEDAR.

Mohammad Abuleil, President and CEO of Fintech Select, issued the following comment, "The record result for our first quarter financial statements reflect our commitment to strengthen our balance sheet, and continue to drive revenue growth and profitable operations as we move forward.”


Mohammad Abuleil, President & CEO orShelley Alliet @ - 519-3518647

About Fintech Select Ltd.

Fintech Select is a provider of robust and disruptive Pre-Paid Card programs and mobile banking solutions. Fintech Select has enabled these core assets which operate through separate divisions to work together harmoniously to create a new and ubiquitous environment for consumers and businesses alike. Fintech select also operates an international call centre that provides fulfillment and customer service support to customers across all three platforms mentioned. Our mission is to provide customers with choice, convenience and cost-effective ways to facilitate traditional and crypto financial transactions.

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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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