TORONTO, Feb. 28, 2019 /CNW/ - Globalive Technology Inc.
(TSX-V: LIVE) (the "Company"), a technology company focused on
developing innovative payment, billing and credit solutions for
consumers and businesses, today announced that the Company's
partner Flexiti Financial ("Flexiti"), a leading point-of-sale
consumer financing solutions provider for retailers, is providing
its online financing solution to Birks Group, modernizing consumer
lending for the retailer's customers across Canada. The online offering complements
Flexiti's in-store financing which was implemented last year
following the signing of a multi-year agreement. Birks Group is
Canada's leading jewellery
retailer with more than 26 locations across the country.
With the help of Flexiti's online financing solution, customers
can now apply for financing online, receive approval within
minutes and use it as payment at checkout. By offering
revolving credit as well as attractive payment plans, Flexiti
eliminates the need for customers to reapply for financing towards
future purchases, driving loyalty and repeat sales. With minimal
integration required into existing POS systems, retailers can
quickly scale across multiple locations and sales channels to offer
affordable financing via private label credit card to their
customers in-store and online.
"Maison Birks has delighted
Canadians through our products and commitment to superior customer
service since its foundation in 1879. In order to maintain our
customers' loyalty, we must constantly strive to deliver a retail
experience that reflects evolving tastes and expectations. This
includes payment options tailored to individual needs," said
Jean-Christophe Bédos, President and CEO of Birks Group. "As we
continue the development of our e-commerce activities and adopt an
omnichannel approach to retail overall, Flexiti's online offering
provides our customers an improved online credit application and
approval process."
E-commerce is becoming an increasingly important channel for
Canadian retailers. In the coming decade, Boston Consulting Group
expects that more than 35 percent of Canadian retail sales growth
will be delivered online, up from 7 percent today.
"Today's retailers understand that changes in consumer buying
behaviours across demographics is driving the need for better
payment options tailored to the customer and the retailer," said
Peter Kalen, Founder and CEO of
Flexiti. "Flexiti has redefined financing at the
point-of-sale and we're thrilled to deepen our relationship
with Birks, a widely recognized, beloved and innovative Canadian
brand, to help them build customer loyalty and drives sales online
through the most advanced private label credit card platform in
Canada."
Flexiti and the Company are parties to a technology development
agreement and the Company is a shareholder of Flexiti.
"We're pleased to see Flexiti implement its innovative financing
solution in tandem with one of Canada's best-known jewellery brands" said
Anthony Lacavera, Chief Executive
Officer of Globalive Technology. "Bringing aboard high-quality
retailers deepens the value of Flexiti's network effect and will
help drive further expansion of the company's customer base."
About Globalive Technology Inc.
Globalive Technology
is a next generation software company and venture partner
developing innovative solutions to disrupt traditional industries
by leveraging artificial intelligence and machine learning
technology stacks, with a particular focus on delivering innovative
payment, billing and credit solutions. Globalive Technology is
controlled by Globalive Capital Inc. which has founded and
co-founded 12 businesses over the past 20 years with six successful
exits ranging from $10M to
$1.3B USD. It has also made over 100
venture investments and has over 45 technology companies in its
portfolio. For more information,
visit www.globalivetech.com.
About Flexiti
Flexiti has reimagined point-of-sale
(POS) consumer financing to drive sales for retailers in-store and
online and is one of Canada's
leading private label credit card issuers. Through its
award-winning platform, Flexiti delivers a POS financing experience
across any device that is customer-centric, simple and intuitive.
Without the need to integrate into existing POS systems, retail
partners can easily offer the same fast and paperless financing
solution across all retail locations and sales channels to increase
revenue and build loyalty through repeat purchases. Flexiti's joint
venture with Globalive Technology demonstrates its commitment to
innovation in the payments space through the development of
solutions leveraging artificial intelligence. With high approval
rates, innovative products and services, flexible promotional
offers and a partnership-first approach, Flexiti is helping people
improve their lives through better financing. For more information,
visit www.flexiti.com.
About Birks Group Inc.
Birks Group operates 26 Maison
Birks stores in most major metropolitan markets in Canada, one retail location in Calgary under the Brinkhaus brand and two
retail locations in Vancouver
under the Graff and Patek Philippe brands. The Birks brand is a
leading fine jewelry, timepiece and gift brand available at all
Maison Birks stores, Mappin &
Webb and Goldsmiths in the United
Kingdom in addition to other luxury jewelry retailers across
North America. Birks was founded
in 1879 and has become Canada's
premier luxury brand. Additional information can be found on the
Birks website, www.maisonbirks.com
For investor inquiries:
Melanie Barbeau
Account Manager, Renmark Financial Communications
InvestorRelations@globalivetech.com
For media inquiries:
Rob
Moysey
Communications Manager, Globalive
Media@globalivetech.com
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release contains forward-looking statements relating
to Birks' use of Flexiti's product to provide services to its
customers, Flexiti's product assisting Birks in eliminating the
need for customers to reapply for financing towards future
purchases, driving loyalty and repeat sales, and Flexiti's product
building customer loyalty, driving sales online and expanding
Birks' customer base. Such forward-looking statements are
identified by terms such as "will" and similar expressions. All
statements, other than statements of historical fact included in
this release, including those noted above, are forward-looking
statements that involve risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from expectations include an
inability for Birks to integrate Flexiti's product or its customers
desire to use such product, other matters that could affect Birks'
ability to further customer service including difficulties or
delays in using Flexiti's product.
The reader is cautioned that assumptions used in the preparation
of any forward-looking information may prove to be incorrect.
Events or circumstances may cause actual results to differ
materially from those predicted as a result of numerous known and
unknown risks, uncertainties, and other factors, many of which are
beyond the control of Globalive Technology, Flexiti and Birks. The
can be no guarantee that any of the forward-looking statements
contained in this press release will occur as disclosed herein or
at all. The reader is cautioned not to place undue reliance on any
forward-looking information.
Such information, although considered reasonable by management
at the time of preparation, may prove to be incorrect and actual
results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement. The
forward-looking statements contained in this news release are made
as of the date of this news release and the Company will only
update or revise publicly the included forward-looking statements
as expressly required by Canadian securities law.
Neither the 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.
SOURCE Globalive Technology