TSX Venture Exchange: FGD
Frankfurt Stock Exchange: 1G5
TORONTO, June 5, 2018 /CNW/ - First Global Data Limited
("First Global" or the "Company") is pleased to announce that its
wholly owned US subsidiary, First Global Money Inc, has been
granted its 41st Money Transmitter Licenses in the
USA. This new license has been
granted by the State of Utah.
"We remain focused on expanding our Money Transmitter License
footprint across the USA and are
very happy to have received the Utah license. First Global now holds 41 of the
50 available State licenses making us one of the most licensed
companies in the USA," said
Andre Itwaru, First Global's,
Chairman and CEO.
Mr. Itwaru added, "Each Money Transmitter Licenses enables us to
provide a variety of payment services to consumers in the
corresponding State. We believed that building this solid
foundation would attract good partnerships and allow First Global
to capitalize on new opportunities that having licenses would open.
It is very gratifying to see our strategy effectively taking shape
and being realized."
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.
Caution:
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.
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SOURCE First Global Data Limited