TORONTO, May 1, 2023
/CNW/ - Fintech Select Ltd. ("Fintech Select" or the
"Company") (TSXV: FTEC) is pleased to announce that its 2022
year-end results have revealed a net profit of $1.19 million and a net 1.5 cents of earnings per share. The company's
financial success is due to the hard work and dedication of its
employees and management team.
In addition to this positive financial news, the company is
thrilled to announce that its $4m
claim, filed by its financial service provider in 2017, was
dismissed at no cost. This outcome is a result of the company's
tireless efforts to defend its interests and protect its reputation
and shareholders.
Management is now considering the possibility of merging the
functionalities of the e-wallet and POS cryptocurrency
platforms into one platform. These two platforms share a number of
similarities, and a merger would streamline operations and improve
efficiency. The IT development team is increasingly confident about
the newly developed platform, and the possibility of heading in
this direction is exciting for the company's future.
Furthermore, the company is delighted to report that its revenue
from the call center business has been growing, and it expects to
keep doing so in the year of 2023. This growth is a testament to
the company's commitment to providing exceptional service to its
clients.
"We are thrilled with our year-end results and the successful
dismissal of the $4m claim. We are
also excited about the possibility of merging our e-wallet and POS
cryptocurrency platforms, which would improve our
operations and benefit our clients," said Mohammad Abuleil, Fintech Select's CEO. "Our
growth in the call center business is also a great accomplishment,
and we look forward to continuing to provide exceptional service to
our clients."
Fintech Select looks forward to continuing its success in the
future and remains committed to providing the highest level of
service to its clients.
About Fintech Select Ltd.
Fintech Select is a provider of robust and disruptive
Pre-Paid Card programs and e-wallet payment solutions. Fintech
Select has enabled these core assets which operate through separate
divisions to work together harmoniously to create a new and
ubiquitous environment for consumers and businesses
alike. Fintech select also operates an international
call centre that provides fulfillment and customer service support
to customers across all the company's platforms. Our mission is to
provide customers with choice, convenience and cost-effective ways
to facilitate traditional and crypto financial
transactions.
Follow us on:
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https://www.linkedin.com/company/fintechselect/
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking
Information:
This news release contains "forward-looking information"
within the meaning of applicable securities laws. 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 including the Company's
ability to be successful in actually cleansing its balance sheet.
The statements in this press release are made as of the date of
this release. Fintech undertakes no obligation to comment on
analyses, expectations or statements made by third-parties in
respect of its securities, financial or operating results (as
applicable) or prospects as to the effective implementation of
strategies or initiatives or future revenue levels. Fintech
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 Fintech Select Ltd.
