RevoluGROUP Canada Inc. (TSX-V:
REVO),
(Frankfurt: IJA2) (the "Company")
is pleased to announce that on the 11th of June 2021, it received
notification from (NYSE: PNC) PNC Financial Services Group, Inc.
(Hereinafter "PNC.") concerning the continuation of the commercial
relationship with RevoluPAY EP S.L. subsequent to the regulatory
approved PNC acquisition of BBVA USA. The Company further provides
a corporate update.
About PNC
PNC is one of the largest banks in the United
States by assets. It is the 4th largest bank by the number of
branches, surpassing Suntrust (Truist) Bank since the BBVA USA
acquisition. In addition, it is 6th largest by deposits and 4th
largest in number of ATM.s. On June 1st, 2021, its merger with BBVA
USA closed, and it became the 7th largest U.S bank by assets. PNC
Bank offers consumer and business banking services via 2,945
branches in Alabama, Arizona, California, Colorado, Delaware, the
District of Columbia, Florida, Georgia, Kentucky, Indiana,
Illinois, Kansas, Maryland, Massachusetts, Michigan, Missouri, New
Jersey, New Mexico, New York, North Carolina, Ohio, Pennsylvania,
South Carolina, Tennessee, Texas, Virginia, West Virginia, &
Wisconsin.
Company CEO Steve Marshall commented: "We are
excited about our future relationship with our new partners PNC.
Our U.S subsidiary RevoluGROUP U.S.A. Inc. has been preparing to
take full advantage of this synergy since news broke concerning the
possible acquisition of our partner BBVA USA late last year. While
business begins immediately with PNC, we further expect that the
eventual regulatory approval of our pending U.S financial license
should greatly enhance this partnership, both fomenting and
cultivating our relationship with PNC towards broader horizons. In
the meantime, RevoluPAY is adapting the BBVA USA legacy-linked
financial systems to the now amplified PNC U.S coverage that this
contractual partnership has provided. RevoluPAY services are
unaffected throughout this technical transition. I want to remind
shareholders that all other agreements with BBVA worldwide remain
active and are unaffected by the disposition of their U.S
subsidiary BBVA USA. In my view, we have gained a huge U.S partner
while maintaining international exposure through BBVA. "
MSB License USA
Further to the news release dated the
1st of June 2021, the Company is pleased to announce that CEO
Steve Marshall attended the Florida Department of Law Enforcement
(FDLE) office to capture biometrics and fingerprint live-scan. Said
data was successfully uploaded to the FDLE's encrypted system.
Since FDLE approval was the only remaining requisite, the Company
expects to receive word from the Floridian Financial Regulator
concerning the pending financial license shortly.
RevoluGROUP USA Inc. New Corporate
Headquarters
The Company is pleased to announce that the
wholly-owned subsidiary RevoluGROUP U.S.A. Inc. entered into a new
office lease on the 4th of June 2021. The larger and more centrally
located offices in the Financial District of Miami, 444 Brickell
Avenue, have been leased to prepare for the commencement of
financial activities related to the planned enhanced synergy with
PNC allied to the MSB ("Money Service Business") currently awaiting
Floridian Financial Regulator approval.
Bitcoin 2021 Miami
Company CEO Steve Marshall attended the world's
largest Bitcoin event held in Miami, Florida, between June 4th and
5th. Featuring prominently at the event were the proposed plans for
El Salvador to introduce a bill to make Bitcoin legal tender,
allied to the Mayor of Miami, Francis Xavier Suarez, plans to allow
many of the city's services and taxes to be paid in CryptoCurrency.
Additionally, the Company's proprietary Crytpo to Fiat platform
RevoluEX was widely embraced, with numerous supplementary Digital
Currency Exchange ("DCE") partner synergies tentatively emerging
from the principally decentralized finance-focused encounters.
Top Tier Card Issuer
Negotiations
Further to the news release dated the
1st of June 2021, the Company is pleased to announce that
negotiations with one of the world's top four payment card issuers
have intensified. As previously stated, the relationship could
allow RevoluPAY to issue a new multicurrency payment card
supplanting the current Euro-based RevoluPAY debit card. In
addition, talks include an eventual liaison with various previously
announced DCE partners, in which RevoluPAY would be the principally
licensed card issuing party. RevoluPAY could also be authorized to
administer and manage all financial matters for internationally
branded cards issued to third parties. These negotiations remain
subject to a binding non-disclosure agreement ("NDA"). The Company
expects a final deal to be inked in short order.
RevoluSEND Increased Country
Integration
The Company is pleased to announce that the
following countries were activated for bilateral remittance flows
through RevoluSEND on 7th June 2021: Australia, Chile, Ethiopia,
Malawi, Myanmar, Singapore, Somalia, South Korea, Sri Lanka, and
Vietnam.
Management COVID19
Vaccinated
The Company wishes to advise shareholders that
all executive Directors and most senior staff have been
successfully vaccinated against the global pandemic known as
COVID19. In addition, CEO Steve Marshall, having contracted COVID19
in February 2020, testing positively for natural anti-bodies, has
further received Pfizer shots to obtain the more internationally
recognized sanitary passport allied to vaccinations, including the
recently introduced EU sanitary passport. Mr. Marshall has thus
rescheduled his trip to the United Kingdom to commence early July
with numerous planned meetings with certain financial institutions
located in the London Financial Center of Canary Wharf. Since
prospects for travel under the new vaccinated rules seem promising,
Mr. Marshall expects to recommence international televised media
appearances in the fall.
Links Used in this News
Release.
NYSE: PNC.
https://www.nasdaq.com/market-activity/stocks/pncPNC Bank
https://www.pnc.com/en/about-pnc.html RevoluEX
https://www.revoluex.com/
About RevoluPAY®
The Company's flagship Neobanking technology is
RevoluPAY®, the Apple and Android multinational payment app.
Conceived entirely in-house, RevoluPAY features proprietary,
sector-specific technology of which the resulting source code is
the Company's intellectual property. RevoluPAY's built-in features
include Remittance Payments, Forex, Crypto-to-fiat exchange, Retail
and Hospitality payments, Real Estate Payments, pay-as-you-go phone
top-ups, Gift Cards & Online Credits, Utility Bill payments,
Leisure payments, Travel Payments, etc. RevoluPAY employs
blockchain protocols and is squarely aimed at the worldwide
multi-billion dollar Open Banking sector and + $595 billion family
remittance market. RevoluPAY® is operated by the European
wholly-owned subsidiary RevoluPAY EP S.L situated in Barcelona.
RevoluPAY is a dual-licensed Canadian FINTRAC and European PSD2
payment institution 6900 under the auspices of E.U. Directive
2015/2366 with EU Passporting. RevoluGROUP Canada Inc. controls
five wholly-owned subsidiaries on four continents.
About RevoluGROUP
Canada Inc.:
RevoluGROUP Canada Inc. is a multi-asset,
multidivisional publicly traded Canadian Company deploying advanced
technologies in; Banking, Mobile Apps, Money Remittance, Mobile
Phone Top-Ups, EGaming, Healthcare Payments, Esports, Invoice
factoring, Online Travel, Vacation Resort, Blockchain Systems, and
Fintech app sectors. Click here to read more.
For further information on RevoluGROUP Canada
Inc. (TSX-V: REVO), visit the Company's website at
www.RevoluGROUP.com. The Company has approximately 175,180,592
shares issued and outstanding.
RevoluGROUP Canada, Inc.
"Steve Marshall" ______________________STEVE
MARSHALLCEO
For further information, contact:RevoluGROUP
Canada Inc.Telephone: (604) 332 5355Facsimile: (604) 687 3119Email:
info@revolugroup.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES
OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance, and actual results or
developments may differ materially from those in the
forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change. Factors
that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and
financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for
further information.
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