TORONTO, April 8, 2019 /CNW/ - Globalive Technology Inc.
(TSX-V: LIVE) (the "Company"), a technology company focused on
developing innovative payment, billing and credit solutions for
consumers and businesses, today announced that the Company's
partner Flexiti Financial ("Flexiti"), a leading point-of-sale
consumer financing solutions provider for retailers, will provide
its financing technology for D.O.T. Furniture under a new long-term
agreement. D.O.T. Furniture is a home furnishings retailer with 22
locations across southern Ontario.
"Over our 20-year history, we've sought to offer our customers
greater choice in high-quality products and styles to furnish their
homes just as they please," said Tony
Niceforo, President of D.O.T. Furniture. "We're pleased to
add a financing solution like Flexiti's that brings greater comfort
and flexibility to the checkout counter."
Flexiti's mobile, fully automated and 100% paperless solution
enables customers to apply for a private label credit card usable
within Flexiti's network of nearly 4,000 retail locations across
Canada. The application only takes
a few minutes and grants qualified customers access to flexible
payment plans with low interest options and eliminates the need to
reapply for financing in the future. Flexiti's solution provides
retailers with a quick and easy way to drive increased sales and
build brand loyalty.
"Through its dedication to product quality and commitment to
customer service, D.O.T. Furniture has become a leading destination
for home furnishings," said Peter
Kalen, Founder and CEO of Flexiti. "We look forward to
implementing our financing platform and giving customers another
compelling reason to shop at D.O.T. locations."
Flexiti and the Company are parties to a technology development
agreement and the Company is a shareholder of Flexiti.
"Flexiti continues to build momentum among big-ticket retailers
across North America thanks to its
award-winning technology," said Anthony
Lacavera, Chief Executive Officer of Globalive Technology.
"This consistent ability to win over new customers and the
increased network effects this growth brings gives us great
confidence in Flexiti."
About Globalive Technology Inc.
Globalive Technology
is a next generation software company and venture partner
developing innovative solutions to disrupt traditional industries
by leveraging artificial intelligence and machine learning
technology stacks, with a particular focus on delivering innovative
payment, billing and credit solutions. Globalive Technology is
controlled by Globalive Capital Inc. which has founded and
co-founded 12 businesses over the past 20 years with six successful
exits ranging from $10M to
$1.3B USD. It has also made over 100
venture investments and has over 45 technology companies in its
portfolio. For more information,
visit www.globalivetech.com.
About Flexiti
Flexiti has reimagined point-of-sale
(POS) consumer financing to drive sales for retailers in-store and
online and is one of Canada's
leading private label credit card issuers. Through our
award-winning platform, we deliver a POS financing experience
across any device that is customer-centric, simple and intuitive.
Without the need to integrate into existing POS systems, retail
partners can easily offer the same fast and paperless financing
solution across all retail locations and sales channels to increase
revenue and build loyalty through repeat purchases. Flexiti's joint
venture with Globalive Technology demonstrates its commitment
to innovation in the payments space through the development of
solutions leveraging artificial intelligence and blockchain
technology. With high approval rates, innovative products and
services, flexible promotional offers and a partnership-first
approach, Flexiti is helping people improve their lives through
better financing. For more information,
visit www.flexiti.com.
About D.O.T. Furniture
D.O.T. Furniture is a Canadian
owned and operated retailer of home furnishings that started with a
small store in Oakville but has
since expanded into 22 locations across southern Ontario and now services customers from
Whitby to London and St.
Catherines to Orillia. The
company's extensive collection of indoor and outdoor furniture and
casual living pieces are widely recognized for their durability,
aesthetic appeal and exceptional value. From urban condo living to
suburban family dwellings, D.O.T. Furniture can furnish every room
in your home. For more information, please
visit www.dot-furniture.com.
For investor inquiries:
Melanie Barbeau
Account Manager, Renmark Financial Communications
InvestorRelations@globalivetech.com
For media inquiries:
Rob
Moysey
Communications Manager, Globalive
Media@globalivetech.com
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release contains forward-looking statements relating
to D.O.T. Furniture's use of Flexiti's product to provide services
to its customers, Flexiti's product assisting D.O.T. Furniture in
eliminating the need for customers to reapply for financing towards
future purchases, driving loyalty and repeat sales. All statements,
other than statements of historical fact included in this release,
including those noted above, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results
to differ materially from expectations include an inability for
D.O.T. Furniture to integrate Flexiti's product or its customers
desire to use such product, other matters that could affect D.O.T.
Furniture's ability to further customer service including
difficulties or delays in using Flexiti's product.
The reader is cautioned that assumptions used in the preparation
of any forward-looking information may prove to be incorrect.
Events or circumstances may cause actual results to differ
materially from those predicted as a result of numerous known and
unknown risks, uncertainties, and other factors, many of which are
beyond the control of Globalive Technology, Flexiti and D.O.T.
Furniture. The can be no guarantee that any of the forward-looking
statements contained in this press release will occur as disclosed
herein or at all. The reader is cautioned not to place undue
reliance on any forward-looking information.
Such information, although considered reasonable by management
at the time of preparation, may prove to be incorrect and actual
results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement. The
forward-looking statements contained in this news release are made
as of the date of this news release and the Company will only
update or revise publicly the included forward-looking statements
as expressly required by Canadian securities law.
Neither the 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.
SOURCE Globalive Technology