First Global Achieves More Than 1 Million Users and Provides Corporate Update


TSX Venture Exchange: FGD
Frankfurt Stock Exchange: 1G5

TORONTONov. 23, 2017 /CNW/ – First Global Data (“First Global” or the “Company”) is very pleased to announce that it has exceeded 1 million users, and would like to provide the following corporate update.

Annual General Meeting:

On October 26, 2017 the Company conducted its Annual General Meeting (“AGM”). The meeting was well attended with a record number of shareholders in attendance. The Company’s Chairman and CEO, Mr. Andre Itwaru presented the Company’s corporate overview, lines of business, corporate strategy, objectives and direction.

Mr. Itwaru shared that the Company’s corporate strategy includes a three-phased approach. Firstly, the Company partners with large strategic organizations which have an embedded customer base. Secondly, it works with its strategic partners to penetrate that embedded customer base by encouraging them to download the mobile app/register. Thirdly, the Company works with its partners to encourage those customers to use one or many of the services offered to drive revenues.

The Company’s current objectives include:

  1. Customer Acquisiton: by leveraging partners’ base of existing users
  2. Penetrating: 1 Million Active Users
  3. Monetizing: Drive annual revenue per user (“ARPU”) to $280
  4. Continue to increase profitability
  5. Increase customer penetration beyond 1 Million
  6. Duplicate model in each corridor and every deploy

Mr. Ken Zheng, Chief Operating Officer of one of the Company’s China based strategic partners, Lianlian Pay presented Lianlian and shared that Lianlian:

  1. Is the 4th largest mobile payment service provider in China
  2. Has a customer base of 150 million registered users
  3. Has 10,000+ online merchants
  4. Has processed in excess of US$ 80 Billion in transactions to date in 2017

Mr. Zheng demonstrated the world’s first social messaging based cross border remittance service which has been launched in partnership between Lianlian Pay and First Global on the WeChat messaging platform. Mr. Zheng also shared his views on the growth and potential of the partnership with First Global. The presentations were quite interactive and there was significant interest by shareholders with many questions and answers. Presentations are available for view at:

India Progress and User Base:

First Global is pleased to advise that in India, through its partnership with Vijaya Bank and the VPayqwik mobile wallet offering, the Company has achieved 972,364 users. The company is pleased with this penetration given the short timeframe services have been available in the Indian market. The Company is working with Vijaya Bank to continue increasing the number of users and to drive incremental transactions and revenues per user.

Remittances User Base, Lianlian Pay, and US Licenses:

First Global is pleased to announce that its user base for remittances services in the USA and Canada which includes the Happy Transfer service launched in cooperation with Lianlian Pay has achieved 322,024 users.

Happy Transfer is a service available in the USA on the WeChat social messaging platform. It allows a person in the USAto send money from their mobile phones to a user in China in approximately 9 seconds. The service is the first of its kind in the world. Launch of services occurs on a state-by-state basis. The Company has launched this service in 24 states, continues its launch program into the other 10 states and has been working with Lianlian Pay toward launch in Canada.

In 2017, the Company has increased its US state money transmitter licenses by 13 and continues to work toward achieving all 50 licenses. The full complement of state licenses will enable the Company to offer all of its services country wide in the USA.


On July 5, 2017 the Company announced that it had entered into a Letter of Intent with Analytixinsight to expand First Global’s mobile payments services across Europe and elsewhere in a revenue sharing model. AnalytixInsight will leverage its partnerships with organizations such as Samsung and Intesa Sanpaolo, to expand First Global’s mobile payments services across Europe and elsewhere as determined by the Parties in a revenue sharing model. Intesa Sanpaolo – one of Italy’s largest banks with a market cap of over €45 billion – has shared ownership in AnalytixInsight’s subsidiary Marketwall. Under the partnership, Intesa Sanpaolo will migrate approximately 8 million mobile banking users in 8,000 retail branches to Marketwall’s mobile platform across five European countries, to provide a range of mobile payment services.

The Company would like to advise that it is actively working with Analytixinsight to conclude the definitive agreement and to engage project teams toward service deployment anticipated to occur in Q1, 2018.

China Smartpay:

On September 25, 2017 First Global announced that it has entered into a Binding Memorandum of Understanding (“MOU”) with China Smartpay to deliver cross border payment solutions for Chinese vacation travelers and students studying overseas. The Company would like to advise that it is actively working with China Smartpay toward conclusion of the definitive agreement and service launch in time for Chinese New Year on or prior to February 16, 2018.

In the September 25, 2017 announcement, Mr. Xiong, the President of China Smartpay Group Holding advised that, “Chinese outbound tourism will continue to experience consistent rapid growth. In 2016 Chinese outbound tourists spent 216 billion US dollars, of which the United States accounted for 120 billion US dollars. This shows that the North American market is one of most important destinations for Chinese tourists…China Smartpay Group…is partnering with First Global Data for its leading technology, licenses, and wide payment network and capabilities in North America to carry out the North American market mobile payment business.”

“The AGM was a great success. I sincerely appreciated meeting our shareholders, sharing our vision and progress, answering their questions and listening to their perspectives and advice. I am also very pleased with the progress we have made toward increasing our customer base. We are focused on having all of our deployments around the world contribute toward achieving 1 million active users generating $280 of revenue per user per year. We are very pleased with the progress we have made with our China based partners as we deploy innovative solutions for the very large overseas Chinese demographic and shoppers. We also continue to improve our technological capabilities which includes enhancing our existing mobile wallet to encompass the acceptance of crypto currencies in a compliant and regulatory manner, and this solution will be available on a white label basis to our strategic partners. We believe that the impact of the progress we have made will be better understood toward the end of 2017 and into 2018″, said Andre Itwaru, Chairman and CEO of the Company.

About First Global

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.

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

For further information: Andre Itwaru, Chief Executive Officer, t: (416) 504-3813, e:

Related Links

Copper Mountain Project Unaffected By Japan Earth Quake

Vancouver, British Columbia – March 17, 2011 – Copper Mountain Mining Corporation (TSX: CUM) (the “Company” or “Copper Mountain”) announces that after fielding a number of calls from the investment community, the Company thought it would be prudent to reassure investors that the weeks recent earth quake in Japan has not impacted the Company’s Copper Mountain Project.  All major equipment is on site and being assembled and is on schedule.  Likewise, the Company believes that the Company’s plans for delivery of copper concentrate commencing this summer remain unaffected.

Mitsubishi Materials Corporation (MMC) announced on March 11, 2011 that they have suspended operations at its Onahama copper smelter because of the terrible damage by the earthquake and tsunami, as well as the damages to the infrastructures and logistics for the smelter.  MMC is currently evaluating the situation and yet to  have an estimate of when the Onahama copper smelter will resume its operation. MMC operates three copper smelters, two in Japan, Onahama (subsidiary of MMC) with annual copper cathode production capacity of 258,000 tons and Naoshima with capacity of 225,000 tons, and the PT smelting (subsidiary of MMC) in Indonesia with 300,000 tons. MMC has contracted to purchase 100% of the copper concentrate produced by the Copper Mountain Project. In accordance with the contracts, MMC will implement necessary actions to fulfill its obligations in good faith. MMC’s commitment to the Project is unchanged.

According to the “International Copper Study Group,” Global smelting capacity will expand by 14 percent to 20.68 million tons by 2014, while mining capacity will only reach 18.98 million tons.  According to an article by Reuters on Mar 11, 2011 they reported that Japan was expected to produce 1.6 million tonnes of refined copper in 2011, about 7.6 % of world output. Currently there is excess smelter capacity, the majority of which is in China as the country continues to feed its need for raw materials and refined copper in particular. The Copper Mountain concentrate is very clean and an acceptable concentrate at most smelters.

Construction work on the Company’s Copper Mountain Project continues to proceed on schedule and as planned.  The overall schedule for the project remains unchanged with construction expected to be completed by the end of April 2011, commissioning of equipment is scheduled to occur during May 2011, and full production scheduled to be achieved by the end of June 2011.  Preproduction mining activities are well underway and the Company’s new mining fleet is operating as expected.   Commissioning of the primary crusher, ore stockpile recovery system and pebble crusher is now underway, while installation of the grinding mills is proceeding and are expected to be ready for testing by the end of April.  Mechanical installation in the concentrator is well advanced with the bulk of construction activities directed at piping and electrical activities.

The project currently has 557 workers on site, of which 180 are Copper Mountain personnel and the rest associated with the construction activities.  At full production, the project will employ 271 personnel.  

 About Copper Mountain Mining Corporation:
Copper Mountain is a Canadian resource company managed by an experienced team of professionals with a solid track record of exploration and development success.  The Company’s shares trade on the Toronto Stock Exchange under the symbol “CUM”.  Copper Mountain owns 75% and Mitsubishi Materials Corporation owns 25% of the Copper Mountain Project.  The 18,000 acre mine site is located 20 km south of the town of Princeton in southern British Columbia.  The Copper Mountain Project has a current resource of approximately 5 billion pounds of copper, the Copper Mountain Project is fully financed ($438M) and in construction and on schedule for the mine to produce approximately 100 million pounds of copper per year by mid 2011. Additional information is available on the Company’s web page at

On behalf of the Board of
 “Jim O’Rourke”                                                                                                                                      
 J.C.(Jim )O’Rourke,P Eng.
Chief Executive Officer

Note:  This release contains forward-looking statements that involve risks and uncertainties.  These statements may differ materially from actual future events or results.  Readers are referred to the documents, filed by the Company on SEDAR at, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.  The Company undertakes no obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statement.

Strathmore to Trade on the Toronto Stock Exchange

January 7, 2011

KELOWNA, BRITISH COLUMBIA–(Marketwire – Jan. 7, 2011) – STRATHMORE MINERALS CORP. (TSX VENTURE:STM)(OTCQX:STHJF) is pleased to announce that it has received final approval for its common shares to be listed and commence trading on the Toronto Stock Exchange (TSX) at the opening of trading on Monday January 10, 2010. The Company shall retain its current trading symbol “STM”. Concurrently, Strathmore’s common shares will be delisted from the TSX Venture Exchange.

Strathmore’s CEO, David Miller commented, “We are proud to be listed on the TSX, which is the premier global exchange for the mining industry. The high standards embraced by the TSX should improve Strathmore’s trading efficiency and liquidity, strengthen access to capital markets, and broaden the Company’s market exposure. Strathmore’s graduation to a full TSX listing not only represents an important milestone for the Company, but also demonstrates the commitment and progress made by our team to advance our uranium projects, particularly the Roca Honda property, which we believe is one of the best and highest grade undeveloped uranium deposits in the United States.”

STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of advanced uranium properties in the United States. Headquartered in Vancouver, British Columbia with a branch administrative office in Kelowna, the Company also has a U.S. based Development Office in Riverton, Wyoming and a Government, Regulatory & Environmental Affairs Office in Santa Fe, New Mexico. STRATHMORE MINERALS CORP. Common Shares are listed on the TSX Exchange (January 10, 2011) under the symbol “STM” and trade on the OTCQX International electronic trading system in the United States under the symbol “STHJF”.


David Miller, CEO
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.