good....good....goodFintech Select Earns a Net Profit of $765k for the Year Ending Dec 31 2018 Fintech Select Earns a Net Profit of $765k for the Year Ending Dec 31 2018
TORONTO, April 17, 2019 (GLOBE NEWSWIRE) -- Fintech Select Ltd. ("Fintech Select" or the "Company") (TSX-V: FTEC) is pleased to announce that its financial statements for the year ending December 31 2018 have resulted in a net profit of $765k, and a reduction in liability by $1.9M.
Year-end 2018 Financial Statements and Management Discussion & Analysis ("MD&A") have been filed on SEDAR.
The Company believes that the recent acquisition of the e-wallet technology and online payment platform will broaden the Company's services portfolio and is expected to contribute to new revenue generation. The Company continues on its strategy of becoming one of the leaders in the sector providing a comprehensive set of payment services, which will drive long-term value for the Company's shareholders.
Mohammad Abuleil, President and CEO of the Company, states, "We have progressed in 2018 by making a net profit of $765k and a reduction in the Company's liabilities by $1.9M. We are also excited about the recent acquisition of the e-wallet and online payment platform and believe it perfectly aligns with the company's mission to provide customers with choice, convenience, and cost-effective ways to facilitate their financial transactions."