TSX Venture Exchange: FGD
Frankfurt Stock Exchange: 1G5
OTCQB: FGBDF
TORONTO, Sept. 4, 2018 /CNW/ - First Global Data
Limited ("First Global" or the "Company") is pleased to announce
that it has hired a Chief Revenue Officer to increase focus on
transactional revenues, sales and business development.
The Company is pleased to introduce Mr. Amar Das, a seasoned senior executive with over
20 years of active experience having recently served as Managing
Director, Global Sales for one of the largest US based cross border
payments companies. In that role, Mr. Das increased revenues by
approximately 250% over a two-year period. Mr. Das has a proven
track record of significantly growing revenues, leading innovative
business growth, expansion into new territories, and mergers and
acquisitions. Mr. Das, holds a Master's degree in International
Relations from Columbia University in
New York, and at First Global will
be responsible for Sales and Business Development activities
throughout the organization.
"I am very happy to be joining the First Global family. The
industry is evolving and legacy organizations need to partner with
FINTECH leaders like First Global. At First Global we have the key
elements for success, which are the licensing, regulatory and
ground infrastructure complemented with leading edge technology. I
believe that First Global is one of the best positioned companies
to take on the evolution and significant business opportunities
that currently exist to become the leader in the space", said Mr.
Das.
"We are very pleased that Amar has decided to join First Global.
Amar is a builder and has a proven track record of significantly
driving revenues in the organizations he has previously worked for.
As important, Amar believes that the time is right to take
advantage of the evolution happening in the industry and the assets
that First Global has built over the years. We agree that there are
significant opportunities to partner with organizations who are
interested in joining forces with First Global, a FINTECH leader
holding a significant number of licenses in the USA. The addition of Amar is a key step in my
rebuilding of the Company's executive team to a more sales and
revenue focused organization, while at the same time maintaining
our lead in technology, licensing, and innovation.", said
Andre Itwaru, First Global's,
Chairman and CEO.
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.
SOURCE First Global Data Limited
