RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2)
(the “Company”) announces that Daniel Hernandez, Director
of RevoluGROUP has decided to step down effective immediately, and
is pleased to announce the appointment of Francisco José Moreno
Balboa to the board of directors (the “Board”) of the Company, both
effective February 12, 2024.
Daniel Hernandez began as a highly valued
corporate advisor in September 2017. Since November 2020, Mr.
Hernandez has been an instrumental board member, bringing his
expertise and guidance to the Company over the past three years.
The board and Management extend their deepest gratitude to Daniel
for his significant contributions in his previous executive
management role. Due to the tremendous success of Daniel
Hernandez's eSignus, a Company he cofounded, Daniel needs to
dedicate increased focus in this role. Mr. Hernandez will continue
to assist in the capacity of Advisor, specifically on the
integration of the RevoluEX platform and integration of eSignus
security technology for mobile or web applications.
In light of this transition, the Company is
pleased to welcome Francisco José Moreno Balboa as the newest
member of the Board of Directors, effective immediately and subject
to the TSX Venture Exchange approval of the requisite PIF
("Personal Information Form"). Francisco was a notable investor in
the Company's recent private placement, has undertook key internal
projects and the upcoming technology integration related to
MyFullTrip, and other partnership projects.
Bernard Lonis, Chairman of RevoluGROUP,
expressed his gratitude to the outgoing director and enthusiasm for
the incoming director's contributions. Mr. Lonis stated, "eSignus
has demonstrated huge success by focusing on the security aspects
of protecting cryptocurrencies and user wallets, and having Daniel
Hernandez continue as RevoluGROUP advisor but now laser-focused on
the eSignus integration into RevoluEX is of paramount importance
for our upcoming projects. Furthermore, we welcome Francisco José
Moreno Balboa to the Board of Directors as a major investor and a
key ally in numerous upcoming technology integrations."
About Francisco José Moreno
Balboa
Francisco is a seasoned Computer Systems
Engineer with a Master's in Business Management and Marketing. Mr.
Moreno Balboa epitomizes contemporary Information Technology
entrepreneurialism, founding Smart Leisure straight out of
university, which counted among its client's illustrious companies
such as Heineken, Red Bull, Pernod Ricard, and many others. Since
2017, commercial successes have continued as CEO of Madrid,
Spain-based Logixs. Francisco and Logixs ascended new heights of
achievement by winning the World Finance award twice in 2018 and
2020 for designing and deploying the European banking App EVO
Banco. Logixs also provides key services to Price Waterhouse
Coopers in the Iberian Peninsula. In 2022 and 2023, Logixs was
awarded the concession to create and deploy the nationwide Cultural
Voucher Program on behalf of Spain's Culture Ministry. In recent
times, Logixs has provided IT services to Banco Santander, one of
the world's Top 50 banks with active branches across North and
South America and the European Union. Other key Fintech
developments include the comprehensive design and development of
Orange Bank, a division of the EU Telecommunications giant Orange.
Francisco brings valued know-how and cutting-edge information
technology skills to RevoluGROUP as we pursue our strategic
objectives in North America and Europe.
Francisco José Moreno Balboa, commented on
joining the RevoluGROUP Board of Directors, "I am delighted to join
RevoluGROUP. RevoluPAY's Neobanking prowess, along with the active
international financial licenses, is the ideal platform to launch
new ideas while creating a business leader in the fintech and
banking sectors. I look forward to bringing my wealth of experience
and know-how in the fintech sector to increment our market
penetration onboard substantial users while increasing shareholder
value."
The Company Issues Incentive Share
Options
In further news, the Company announces that
incentive share options to purchase up to 2,700,000 common shares
of the Company were granted to consultants of the Company, with an
exercise price of $0.05 per share. The incentive share options have
been granted pursuant to the Company's 10% rolling stock option
plan and will expire twelve months from the grant date. Should all
announced options be exercised in the term, the aggregate amount
payable to the treasury would be CA$ 135,000.
About RevoluPAY®
The Company's flagship Neobanking technology
is RevoluPAY®,
the Apple and Android multinational payment
app. Conceived entirely in-house, RevoluPAY features proprietary,
sector-specific technology of which the resulting source code is
the Company's intellectual property. RevoluPAY's built-in features
include Remittance Payments, Forex, Retail and Hospitality
payments, Real Estate Payments, pay-as-you-go phone top-ups, Gift
Cards & Online Credits, Utility Bill payments, Leisure
payments, Travel Payments, etc. RevoluPAY is aimed at the worldwide
multi-billion dollar Open Banking sector and + $630
billion family remittance market. RevoluPAY® is operated by
the European wholly owned subsidiary RevoluPAY EP S.L located in
Barcelona. RevoluPAY is a licensed United States
MSB, Canadian FINTRAC, and European PSD2 payment
institution 6900 under E.U. Directive 2015/2366 with EU
Passporting. RevoluGROUP Canada Inc. controls five wholly
owned subsidiaries on four continents.
About RevoluGROUP
Canada Inc.
RevoluGROUP Canada Inc. is a multi-asset,
multidivisional, publicly traded Canadian Company deploying
advanced technologies in; Banking, Mobile Apps, Money Remittance,
Cross-Border Forex Payments, Mobile Phone Top-Ups, EGaming,
Healthcare Payments, Esports, Invoice factoring, Online Travel,
Vacation Resort, Blockchain Systems, and Fintech app sectors. Click
here to read more.
For further information on RevoluGROUP Canada
Inc. (TSX-V: REVO), visit the Company's website at
www.RevoluGROUP.com.
RevoluGROUP Canada, Inc.
"Gavin McMillan" ______________________Gavin
McMillanCEO and Director
For further information, contact:RevoluGROUP
Canada Inc.Telephone: (604) 332 5355Email: info@revolugroup.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES
OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that Management of the Company
expects, are forward-looking statements. Although Management
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 or
developments may differ materially from those in the
forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if Management's beliefs,
estimates or opinions, or other factors, should change. Factors
that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and
financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedarplus.ca
for further information.
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