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TSX Venture Exchange: FGD
Frankfurt Stock Exchange: 1G5
TORONTO, June 12, 2017 /CNW/ - First Global Data ("First Global" or the "Company") is pleased to advise that senior Executives and advisors of the Company have returned to China to follow through on various initiatives already in motion.
The Company has a whirlwind schedule of meetings in 4 cities in a 7 day period. We are currently under NDA with some of the largest enterprises in the world and are following through with direct face to face meetings to advance various matters.
Further, the Company is in the final stages for the launch of the world's first true social messaging cross border remittance solution whereby North American Chinese WeChat users will remit money directly to other WeChat users in mainland China through a unique and proprietary seamless series of integrations and interconnections within the WeChat environment.
China remains the dominant player in the FINTECH universe and is home to some of the world's most sophisticated organizations. As such there are numerous opportunities with First Global's technology for Chinese users related to payments and remittances in the spheres of Travel and Tourism, m-Commerce and other cross border money transactions.
"Our technology touches on so many verticals and when interactions intersect with scale, robust revenues is a natural consequence. The impact that First Global is making in the FINTECH sector has been acknowledged and embraced by our Chinese partners and the level of opportunity and interest in First Global in China is unrivalled. We continue to pursue all opportunities to maximize our penetration in China and in the overseas Chinese markets", said Andre Itwaru, Chairman and CEO of First Global.
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
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