TORONTO, ONTARIO--(Marketwired - May 7, 2014) - First Global Data Limited (TSX VENTURE:FGD) ("First Global" or the "Corporation") is pleased to announce that its wholly owned subsidiary, First Global Money Inc., has been granted a new "Money Transmitter" license by the State of Idaho. First Global is now able to conduct money services in 19 States in the USA and since January, 2014 has increased licensing and reach in the USA by an additional 7 States. First Global is able to provide mobile and online payments, domestic and international money remittances, and other money services in the following states: Arizona, Arkansas, California, Delaware, Florida, Georgia, Idaho, Illinois, Iowa, Maine, Minnesota, Mississippi, Missouri, Montana, Nevada, New Jersey, New York, South Carolina and Texas. First Global operates its money services in the USA under the FirstGlobalMoney brand.
"We continue to work toward increasing our footprint of licensing across the USA. This new license increases our reach to a population of approximately 175.6 million people. First Global customers are able to transact both domestically in the USA and internationally to First Global's 97 country network. This is another important step toward our greater strategy of expanding our mobile and online payment services to the underbanked markets around the world", said Andre Itwaru, Chairman, President and CEO of the Corporation.
About First Global:
First Global Data Limited (TSX VENTURE:FGD), is an international payments company whose services are designed primarily for the domestic and international underbanked markets. Services include Mobile and Online Payments, Money Transfer, including Peer to Peer mobile and online transfers. First Global moves money domestically and internationally in full compliance with regulatory guidelines. First Global also enables its strategic partners and clients around the world with its leading edge financial services technology products. First Global maintains a strong focus on compliance and holds licenses to operate as a Money Service Business around the world. The Corporation's electronic transaction infrastructure currently extends to approximately 97 countries worldwide. First Global's goal is to become the global leader in the mobile money and online financial transaction services sector.
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.
This press release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements are detailed from time to time in the Corporation's periodic reports filed with the Ontario Securities Commission and other regulatory authorities. The Corporation has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.