First Global Plans China Business Tour and Forms Advisory Board

TSX Venture Exchange: FGD
Frankfurt Stock Exchange: 1G5

TORONTO, Feb. 2, 2017 /CNW/ - First Global Data Limited ("First Global" or the "Company") would like to advise that it will be visiting the cities of Shanghai, Hangzhou and Beijing with the express purpose of engaging in dialogue with select high profile Chinese companies with a FINTECH association.

The goal is to forge partnerships with enterprises with a large user base and maximize opportunities utilizing our award winning Payqwik™ app and First Global's cross border payments solutions.

The Company also wishes to announce the creation of an Advisory Board that will comprise of brain trust in and around the FINTECH space.

The Advisory Board will not have the responsibility of corporate oversight, but rather will be focused on business expansion internationally in key markets and key channels. Members of the Advisory Board will be focused on providing the Company with advice and recommendations on specific markets, trends in these markets, and will actively work to open doors and assist First Global to penetrate these markets.

First Global is pleased to announce that Mr. Philip Zhengquan Chen has been appointed to this Advisory Board.

Philip Zhengquan Chen is Managing Partner and Founder of Dynaco Capital Inc., a financial advisory firm based in Toronto and associated with numerous Chinese Hedge Funds and multi Billion dollar Chinese enterprises. Philip works on  transactions between Chinese SOEs and TSX/V listed companies. Current specialization is geared toward but not limited to  E-commerce and Fintech companies. Prior to founding Dynaco, he was a senior associate of an international private investment bank, from February 1998 to June 2005, where he has been directly involved in numerous financial advisory assignments in a variety of sectors which included the acquisition of three respective electric power companies in China worth US$150 million in 1998 and 1999, through a subsidiary of a New York Stock Exchange listed utility company. Prior to that Mr. Chen served as the Executive Vice President of a subsidiary of a China Conglomerate in New York from March 1996 to July 1997. Philip used to work as a director for a government agency in Shanghai, China in public policy making and public facilities planning from 1992 to 1996. Philip is a director of WRSA Entrepreneurs Alliance, WRSA (Western Returned Scholar Association) was established in 1913 in Beijing, China which has been an important think tank to Chinese Central Government since 1980s. Thanks to this position Philip has developed close relations with some powerful supervisory agencies and well known companies in China. Philip is also a director of CCBCC (Canada China Business Communication Council) and member of CCBC (Canada China Business Council) both based in Toronto, Canada.

"The Advisory Board will be a key enabler toward First Global moving to the next level in our evolution. We are excited to confirm Philip's appointment acceptance. Mr. Chen's depth of experience, credibility and strong influence with industry contacts representative of billion dollar organizations in China will serve to create awareness of First Global in the world's largest FINTECH arena," said Andre Itwaru, First Global's Chairman and CEO.

About First Global:

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 and peer to peer payments. First Global enables its strategic partners and clients around the world with our leading edge financial services technology platform.

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.

This press release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements are detailed from time to time in the Corporation's periodic reports filed with the Ontario Securities Commission and other regulatory authorities. The Corporation has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE First Global Data Limited

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/February2017/02/c1567.html

For further information: Andre Itwaru, Chairman and Chief Executive Officer, Telephone: 416.504.3813, Facsimile: 416.504.7092, Email: ir@firstglobaldata.com

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