First Global Announces Q3 2017 Financial Results


TORONTONov. 30, 2017 /CNW/ – First Global Data (“First Global” or the “Company”) is pleased to announce that it has released its Q3, 2017 financial statements.

First Global Data Limited (CNW Group/First Global Data Limited)

Please note that financial statements are prepared in US dollars, while the Company’s stock price and market cap as presented on the TSX Venture Exchange are reflected in Canadian dollars.

The Company continued to realize and increase in revenues. The three month ending September 30, 2017 revenues were $4,504,979 as compared to the three-month ending September 30, 2016 of $1,112,116.

Net Income:
Net income for Q3 showed a loss of $35,053 as compared to Q3, 2016 net income loss of 4,363. Among other things, the company continues to focus on increasing licenses in the USA which adds additional costs.

Profitability and Capital Position:
As at September 30, 2017, the Company maintained an overall positive net income and the capital position of the Company continues to be strong.

“We are generally pleased with our financial results for Q3, 2017. The Company is focused on implementing business deals that have been announced and we believe that as they are deployed they will have a material positive impact to our transactional revenues,” said Andre Itwaru, Chairman and CEO of First Global.

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

Fintech Select To Launch Physical Bitcoins

TORONTO, Nov. 09, 2017 (GLOBE NEWSWIRE) — Fintech Select Ltd. (“Fintech Select” or the “Company”) (TSX-V:FTEC) is pleased to announce that it will be launching a test pilot project around it’s physical Bitcoin product line to accompany the closed loop Selectcoin card at participating retail locations.

We have been working on the physical Bitcoin project in stealth mode over the last quarter and are pleased to announce that the first shipment of coins will be ready to be deployed alongside the Selectcoin card.

The Company believes that the physical state of these coins embed with fractional amounts of Bitcoin and interconnected to a wallet will have a larger mass appeal to consumers who might have had an interest in buying Bitcoin but might not want to go through the traditional online process.  Furthermore, the physical state of Bitcoin storage on a physical coin format may also provide a novel way for cold storage safekeeping of this ever evolving new asset class.

“We believe that the creation of easy-to-acquire Bitcoin assets will allow the masses to readily participate in this emerging wealth creation, while also educating the masses regarding Cryptocurrencies,” states Mohammad Abuleil, CEO and President.

About Fintech Select Ltd.

Fintech Select is a provider of robust and disruptive Pre-Paid Card programs, mobile banking solutions and Cryptocurrency technologies. ?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 three platforms mentioned. ?Our mission is to provide customers with choice, convenience and cost-effective ways to facilitate traditional and crypto financial transactions.

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David Vinokurov
Investor Relations