First Global Data Ltd FGBDF

ABSOLUTE KILLER SHAREHOLDER UPDATE

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Andre Itwaru speaks plain and shows the large potential gain.

We have spent years developing and continuously fine tuning and enhancing our technology so we remain best in class. As a consequence of our highly evolved stage of development, we are able to capitalize on significant revenue opportunities as they are presented. All of these deployments are expected to drive significant revenues. Our FINTECH revenue model is robust, recurring and high margin.

First Global operates in a part of the FINTECH universe with the highest margin of profitability, this being the payments and remittances segment. To compound profitability and add diversity and versatility, we also now offer prepaid card technology and services. We believe this full suite FINTECH model will drive more business opportunities and revenue growth. 

We are moving quickly now to launch the LianLian Pay initiative on the WeChat platform. This social messaging cross border remittance platform is a world's first.

Not only will we have access to LianLian Pay's 100 million user database but the service is housed in a social environment, WeChat, with close to a billion users. We have explained the revenue model of this deal in a prior news release and wish to add the sheer scale and scope of this program has the potential of hundreds of millions of dollars in recurring annual revenue.