TSX Venture Exchange: FGD
Frankfurt Stock Exchange: 1G5
TORONTO, Oct. 10, 2017 /CNW/ - First Global Data ("First
Global" or the "Company") is pleased to announce that it has
secured two additional Money Transmitter licenses in the
USA.
The Company's wholly owned US subsidiary, First Global Money
Inc., has been granted two new Money Transmitter licenses by the
States of South Dakota and
New Hampshire. First Global now
has Money Transmitter licenses in 31 US States.
"We are very happy to have obtained these two money transmitter
licenses and are proud to now have 31 in total. Obtaining licenses
is not an easy task. Regulations are becoming stricter and this is
very good news for First Global. We value our licenses and take the
responsibilities that come with having them very seriously. We
continue our focus on US wide licensing as the more State licenses
First Global has, the larger the market opportunity for our
services such as Happy Transfer launched on the WeChat social
messaging platform with our China
based partner LianLian; for the Company's First Global Money
international remittances services which delivers into Latin America, India, the
Philippines and other very large markets; for domestic
USA peer to peer and mobile
payment services; and for additional cross border payment services
the Company intends to provide to consumers across the USA", said Andre
Itwaru, Chairman and CEO of First Global Data Limited.
About First Global Data Ltd.
(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