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First Global Returns to China to Expand on Chinese Initiatives

June 12, 2017Featuredfirst global data, junior gold report, junior gold report.comTechwor8

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.

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. 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: please contact: Renmark Financial Communications Inc., Steve Hosein: shosein@renmarkfinancial.com, Tel: (416) 644-2020 or (514) 939-3989, www.renmarkfinancial.com, email: ir@firstglobaldata.com

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Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by the use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report/TechMoney360 does not take responsibility for the accuracy of forward looking statements and advises the reader to perform their own due diligence on forward looking numbers or statements.

First Global Data earns $418,173 (U.S.) in Q1 2017

May 31, 2017Company News, Company News Archive, Featuredfirst global dataTechwor8

First Global Data earns $418,173 (U.S.) in Q1 2017

2017-05-31 06:25 ET – News Release

Mr. Andre Itwaru reports

FIRST GLOBAL ANNOUNCES RECORD QUARTER FINANCIAL RESULTS

First Global Data Ltd. has achieved record revenues and has released its Q1 2017 financial statements.

Please note that financial statements are prepared in US dollars, while the Company’s stock price and market cap as presented on the TSX Venture Exchange are reflected in Canadian dollars.

Revenues:

Revenues for Q1, 2017 were US$ 3,294,174 as compared to Q1, 2016 of US$ 1,115,407 representing a revenue increase of 295%.

Net Income:

Net income for Q1 2017 was US$ 418,173 as compared to Q1, 2016 of US$ 97,716 representing an increase in net income of 428%.

Profitability:

The Company continues to be profitable in Q1 of 2017.

Balance Sheet Improvements:

The Company has reduced debt in the amount of approximately $ 6 million.

The capital position of the company is the strongest it has been with cash and bank balances at the end of Q1, 2017 of US$ 7,339,654 as compared to Q1, 2016 of US$ 366,390 representing an increase of more than 2000%.

“We are very pleased with our financial results for Q1, 2017. We have demonstrated 5 consecutive quarters of growth and fiscal improvement. We effected a balance sheet clean up process, while at the same time focusing on growing revenues to record levels. It is important to note that these results do not reflect revenues that are expected from strategic initiatives such as that with LianLian Pay, or other mobile deployments which are taking place globally. A profitable FINTECH company is rare and we continue to focus on profitability while driving innovation and scale in 2017”, said Andre Itwaru, Chairman and CEO of First Global.

About First Global: (www.firstglobaldata.com)

We seek Safe Harbor.

Disclaimer

FIRST GLOBAL ESTABLISHES PAYQWIK FINTECH LABS

April 12, 2017Featuredfirst global data, kitcoTechwor8

Mr. Andre Itwaru reports

FIRST GLOBAL ESTABLISHES PAYQWIK FINTECH LABS

First Global Data Ltd. has established PayQwik FINTECH Labs.

The intent of the lab is to create innovation and disruption in the financial technology space. The lab will provide a sandbox environment to explore new fintech ideas in areas including but not limited to cybersecurity, network risk management and electronic currencies with the objective of building a Darwinian ecosystem that thrives in a competitive environment.

PayQwik FINTECH Labs will also focus on patenting the innovative technology that the company has developed and is developing. To this end, the company has engaged an intellectual property consultant with an extensive record in the patent space.

The company is pleased to announce the appointment of Bobby Athwal as its intellectual property management and strategy consultant and member of its advisory board.

Mr. Athwal is a business and technology attorney with experience in engineering and intellectual property law. Specializing in implementing IP management and strategy, Mr. Athwal has worked closely with both early-stage and Fortune 500 tech companies, advising on securing and enforcing patent rights both domestically and abroad. Mr. Athwal has experience in cloud computing, technology-based financial service industries. Mr. Athwal has developed close relations with some of the largest telco’s in Southeast Asia and successfully brokered a number of joint venture’s between Canadian and Southeast Asian companies, particularly in Malaysia and Singapore. Mr. Athwal will focus on protecting the company’s core technologies to drive profit, improve market position and create new long-term revenue streams for the company.

Mr. Athwal commented: “First Global Data is pioneering the evolution of mobile payments and commerce. FGD’s strong business model, built on a foundational patent portfolio, will be a driver for valuation, with the quality of the underlying technology driving entirely new market opportunities.”

“The establishment of PayQwik FINTECH Labs is a significant milestone for our company. Our industry-leading technology platform continues to evolve and we have developed unique features which we intend to patent. The time has come to turbocharge our evolution with relevant and sophisticated IP. Our goal is to create a portfolio of patents that add significant enterprise value as we march toward achieving our vision of establishing a global interoperable and portable mobile wallet. Fintech is evolving at a rapid pace and we want to ensure that First Global is the vanguard. The addition of Bobby Athwal is an important step toward achieving our objectives for PayQwik FINTECH Labs,” said Andre Itwaru, chairman and chief executive officer of First Global.

About First Global Data Ltd.

First Global is an international financial services technology 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.

We seek Safe Harbor.

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR, it’s owner and affiliates/associates may buy/sell and trade the company’s stock written up/video created on from time to time. JGR has been paid by the company written up. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

First Global Data pats self on back for “growth”

January 5, 2017Company News, Featuredfintech, first global data, tech, tech stocksTechwor8

First Global Data pats self on back for “growth”

2017-01-04 07:10 ET – News Release
Mr. Andre Itwaru reports

FIRST GLOBAL EXPERIENCES EXPONENTIAL GROWTH

First Global Data Ltd. is providing the following corporate performance update.

Since the beginning of the third quarter 2016, the company has experienced an average of 18-per-cent growth week over week in its international payments business, representing an overall growth in transaction volumes of 2,869 per cent

Since the Sept. 20, 2016, launch of its mobile payment service in India, the company has experienced an average of 22-per-cent week-over-week growth in number of new customers and an average of 20-per-cent week-over-week growth in transaction volumes, with customers performing an average of three transactions each.

“These are extremely promising statistics especially when you consider the Indian toll stations accepting VPayQwik and the Hidase Telecom initiative in Ethiopia are not yet contributing factors. Fintech is the future and our mandate is future forward. The focus for 2017 is to continue deploying on numerous geographic segments with large enterprise partners, penetrating their respective embedded customer bases and monetizing these clients. We look forward to an exponential year of growth in 2017,” said Andre Itwaru, the company’s chairman and chief executive officer.

We seek Safe Harbor.

Disclaimer

Junior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR, it’s owner and affiliates/associates may buy/sell and trade the company’s stock written up/video created on from time to time. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.