VANCOUVER, May 30, 2017 /CNW/ - NetCents Technology Inc. ("NetCents" or the "Company") (CSE: NC) is very pleased to announce that it has entered into a licensing agreement ("Agreement") with Chorus Pay Ltd. ("Chorus") (choruspay.com). Chorus has licensed NetCents' next generation online payments processing platform, with the specific focus in online gaming.
PokerStars, an industry leading client of Chorus Pay, kicks off a series of major integrations with noted gaming companies. These highly publicized announcements are scheduled to be revealed in the coming weeks.
Chorus Pay is the first digital wallet exclusively designed for the betting and gaming industry. NetCents will provide Chorus with the underlying technology to process online transactions for their clients. Chorus Pay is committed to being at the forefront of product innovation and will use both proprietary and licensed IP to deliver a superior payment solution for the gaming sector.
"This agreement with Chorus will allow the company's platform to be utilized in a specific market sector that currently processes an estimated 1.5 billion transactions per year valued in excess of $46 Billion." said Clayton Moore CEO & Founder, NetCents Technology Inc.
Anthony Taylor, CEO of Chorus Pay said "The betting and gaming industry is moving to digital payments and we needed a solution that was advanced and adaptable; as well as partnering with someone who really understood digital currency. NetCents is a great fit for that. Chorus strongly believes the NetCents platform is uniquely qualified to seamlessly handle all forms of transactions from flat to digital currencies and most importantly, Bitcoin and Ethereum. This will allow us to execute our vision to alter the way payments are currently processed within the industry."
Mr. Moore added, "This licensing agreement is the first of several such agreements that NetCents will be entering into with strategic partners so as to leverage their expertise in a variety of verticals. Licensing and White Label opportunities are both integral parts of NetCents' global growth strategy."
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, CEO, Founder and Director
NetCents Technology Inc.
Suite 1500, 885 West Georgia Street
Vancouver, British Columbia V6C 3E8
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: 604.676.5248 or email: [email protected]