NetCents Launches eCommerce Magento Plugin, $101 Billion Sold By Its Merchants

VANCOUVER, July 5, 2017 /CNW/ - NetCents Technology Inc. ("NetCents" or the "Company") (CSE: NC) is pleased to announce that it has released its "Phase 1" plugin for open source eCommerce leader, Magento®.

With almost one-fourth of the market share, Magento® is often considered the market leader among eCommerce platforms. Magento® is an open source eCommerce platform, known for its reliability and scalability, empowering more than 250,000 merchants around the globe and are one of the top 3 providers to the top 500 Internet retail companies. In 2016 over $101 Billion in digital commerce were sold by merchants using Magento® and forecast that their merchants will generate more than $224 Billion online by 2020 (Source: https://www.cminds.com/magento-updated-statistics/ and Magento.com)

"We continue to provide services, plugins, extensions to help merchants add value and scale their businesses. These two plugins are critical to NetCents near term strategy for deploying alternative currencies," commented Clayton Moore, NetCents' Founder and CEO.

The fully completed NetCents plugin along with the NetCents Payment Gateway, enables merchants to easily accept digital currencies such as Bitcoin, Ethereum in addition to Credit Cards and fiat currencies. NetCents provides a simplified, trusted bridge to emerging payment technologies.

If your company or organization wishes to integrate the NetCents platform into your website, visit http://www.netcents.biz and click on our "Payment Gateway" tab to complete the online form to get the digital integration process started. A NetCents payment icon will be placed on your website at no cost.

About NetCents

NetCents is a next generation online payments processing platform, offering consumers and merchants online services for managing electronic payments. The Company is focused on capturing the migration from cash to digital currency by utilizing innovative Blockchain Technology to provide payment solutions that are simple to use, secure and worry free. NetCents works with its financial partners, mobile operators, exchanges, etc., to streamline the user experience of transacting online. NetCents Technology is integrated into the Automated Clearing House ("ACH") and is registered as a Money Services Business (MSB) with FINTRAC, which ensures our consumer's security and privacy. NetCents is available for deposits from 194 Countries around the World, providing you with the freedom to choose to Pay. Your Way.™

On Behalf of the Board of Directors

NetCents Technology Inc.

"Clayton Moore"
Clayton Moore, CEO, Founder and Director

NetCents Technology Inc.
Suite 880, 505 Burrard St (Bentall 1),
Vancouver, BC, V7X 1M4

Cautionary Note Regarding Forward Looking Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

SOURCE NetCents Technology Inc.

For further information: please visit the corporate website at www.netcents.biz or contact Robert Meister, Capital Markets at Ph: 604.638.7563 or email: Robert.meister@net-cents.com.


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