VANCOUVER, British Columbia,
May 9, 2019 /CNW/ --NetCents
Technology Inc. ("NetCents" or the "Company")
(CSE: NC) (Frankfurt: 26N) (OTCQB:
NTTCF), is pleased to announce that it has increased processing
volumes in the last three consecutive months.
For the months of March, April, and May, NetCents has realized
an average of 41% month over month increase in processing volume
each month. The Company realized a 44% increase in March over
February, a 37% increase in April over March, and is on track to
increase processing by 42% in May over April.
Based on current growth rates and projections, the Company
estimates it will exceed $6.5 million
CAD in processing volume by January
2020 and anticipates surpassing $2
million CAD per month in processing volume in the first
calendar quarter of 2020.
Over the past 6-months, the Company has focused its business
development efforts to launch and grow its Partnership Programs.
The Company is beginning to gain momentum with the groundwork that
it has laid over the past 6-months with over 600 new direct
merchants signed up in the last couple of months to use NetCents as
their cryptocurrency payment processor.
"Having focused our efforts laying the groundwork, gaining
market share, and strategically positioning ourselves with ISO's,
gateways, processors, POS/terminal manufacturers and distributors,
we are seeing results," stated Clayton
Moore, CEO and Founder of NetCents. "Now that the foundation
is laid, onboarding has begun, and we continue to educate our
partners, we are seeing an increase in the adoption rate of
merchants and an increase in our transaction and volume and
revenue."
As part of the Company's business development strategy, NetCents
has attended a number of key payments and cryptocurrency/blockchain
conferences to promote both our Partnership Programs and merchant
direct cryptocurrency payment processing services. "Through our
continued participation at key events and conferences, we have been
able to meet and conduct business with leaders in both the payments
and blockchain industries and have witnessed the evolution and
growth of industry support of cryptocurrency as a payment method,"
added Mr. Moore. "The feedback we've received at every event has
been resoundingly positive and continues to drive new business
opportunities for us. To build on our previous successes, last week
we attended ETA in Las Vegas and
next week, the team will be in New
York for Consensus and Blockchain Week."
About NetCents
NetCents Technology Inc, the transactional hub for all
cryptocurrency payments, equips forward-thinking businesses with
the technology to seamlessly integrate cryptocurrency processing
into their payment model without taking on the risk or volatility
of the crypto market. NetCents Technology is registered as a
Money Services Business (MSB) with FINTRAC.
For more information, please visit the corporate website at
www.net-cents.com or contact Investor Relations at
investor@net-cents.com
On Behalf of the Board of Directors
NetCents Technology Inc.
"Clayton Moore"
Clayton Moore, CEO, Founder and
Director
NetCents Technology Inc.
1000 – 1021 West Hastings Street
Vancouver, BC, V6E 0C3
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.
For more information, please visit the corporate website at
www.net-cents.com or contact Investor Relations at
investor@net-cents.com
+1-604-676-5249
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SOURCE NetCents Technology Inc.
