TSX Venture Exchange: FGD
Frankfurt Stock Exchange: 1G5
TORONTO, Sept. 4, 2018 /CNW/ - First Global Data Limited ("First Global" or the "Company") is pleased to announce that it has hired a Chief Revenue Officer to increase focus on transactional revenues, sales and business development.
The Company is pleased to introduce Mr. Amar Das, a seasoned senior executive with over 20 years of active experience having recently served as Managing Director, Global Sales for one of the largest US based cross border payments companies. In that role, Mr. Das increased revenues by approximately 250% over a two-year period. Mr. Das has a proven track record of significantly growing revenues, leading innovative business growth, expansion into new territories, and mergers and acquisitions. Mr. Das, holds a Master's degree in International Relations from Columbia University in New York, and at First Global will be responsible for Sales and Business Development activities throughout the organization.
"I am very happy to be joining the First Global family. The industry is evolving and legacy organizations need to partner with FINTECH leaders like First Global. At First Global we have the key elements for success, which are the licensing, regulatory and ground infrastructure complemented with leading edge technology. I believe that First Global is one of the best positioned companies to take on the evolution and significant business opportunities that currently exist to become the leader in the space", said Mr. Das.
"We are very pleased that Amar has decided to join First Global. Amar is a builder and has a proven track record of significantly driving revenues in the organizations he has previously worked for. As important, Amar believes that the time is right to take advantage of the evolution happening in the industry and the assets that First Global has built over the years. We agree that there are significant opportunities to partner with organizations who are interested in joining forces with First Global, a FINTECH leader holding a significant number of licenses in the USA. The addition of Amar is a key step in my rebuilding of the Company's executive team to a more sales and revenue focused organization, while at the same time maintaining our lead in technology, licensing, and innovation.", said Andre Itwaru, First Global's, Chairman and CEO.
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. In particular, this press release contains forward-looking statements with respect to the Company's ability to finalize its 2017 Audit within the next two months, have trading resume once 2017 Audit has been filed, pursue DTC eligibility, and improve overall shareholder and market communications via sourcing professional IR support. There can be no assurance with respect to a favourable outcome with respect to any of the foregoing matters. Investors are advised that absent a favourable outcome with all of the foregoing matters, the business and market value of the Company, including the value of its common shares, may be adversely and materially affected. 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 CEO, email: [email protected], phone: 416 504-3813