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TSX Venture Exchange: FGD
Frankfurt Stock Exchange: 1G5
TORONTO, April 17, 2017 /CNW/ - First Global Data ("First Global" or the "Company") is pleased to announce that it has partnered with Mobile Lads Corporation.
Mobile Lads provides cellular service enhanced with prepaid cards with the focus to improve the consumer's credit score in Canada and the USA. Mobile Lads business includes distributing smart phones with unique and innovative applications and services including international money remittances and mobile payments.
First Global will provide its license coverage in Canada and the USA to facilitate the money remittances and mobile payments services. Mobile Lads will embed the Company's app on mobile phones it distributes throughout North America.
Mobile Lads partners include AT&T, Mastercard, Sears, Fonia Mobile. Fonia Financial. and TransUnion.
Andre Itwaru, Chairman and CEO comments, "Mobile Lads has built an extensive cellular footprint as well as strong relationships with some key enterprises that provide us with an excellent distribution channel and potential pathways to accretive revenue opportunities."
About Mobile Lads:
Our mission is to develop and market cutting edge wireless technologies, revolutionizing the way users interact with their mobile devices and redefining the cellular experience. Representing world leading OEM brands and by adding incremental recurring revenue streams through innovative product introductions, Mobile Lads is positioned to become an industry leader in the Global Social Commerce Market. Through our many manufacturing and business partners, Mobile Lads is able to supply superior quality smart phones and the unique and innovative Mobile Lads application to create residual income streams for our partners. This includes insurance and warranties, worldwide MasterCard issuance, games, video, music and international money remittance and payments through the Mobile lads eWallet.
About First Global: (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.
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
For further information: Andre Itwaru, Chairman and Chief Executive Officer, t: (416) 504-3813, e: firstname.lastname@example.org