TSX Venture Exchange: FGD
TORONTO, Nov. 29, 2016 /CNW/ - At the request of IIROC, First Global Data Limited ("First Global" or the "Company") wishes to advise that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity.
The Company is making significant progress in the mobile payments sector. The Company previously announced a service launch with Vijaya Bank in India on November 7, 2016 which, coupled with the decision by the Indian government to eliminate certain paper currency denominations, creates a significant opportunity for the Company (as announced in its press release of November 11, 2016). This all follows the Company having won multiple awards, including the "Best Initiative in Mobile Payments Award 2015" (announced on June 15, 2015).
"We are very pleased with the Company's progress to date, and are very excited about the prospects for our future. It is gratifying to see that the world is beginning to discover First Global and I look forward to sharing more news on our progress", said Andre Itwaru, the Company'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, money transfers, 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
Image with caption: "First Global Data Limited (CNW Group/First Global Data Limited)". Image available at: http://photos.newswire.ca/images/download/20161129_C8723_PHOTO_EN_827624.jpg
For further information: Andre Itwaru, Chairman and Chief Executive Officer, Telephone: 416.504.3813, Facsimile: 416.504.7092, Email: [email protected]