TSX Venture Exchange: FGD
Frankfurt Stock Exchange: 1G5
OTCQB: FGBDF
TORONTO, July 3, 2018 /CNW/ - First Global Data Limited ("First
Global" or the "Company") is pleased to announce that its wholly owned US subsidiary, First Global Money Inc, has secured its
42nd US State Money Transmitter License.
"We are very proud to have been granted this most recent Money Transmitter license by the State of
Louisiana. First Global now has 42 of the 50 available State licenses, increasing our position as one of the most licensed
companies in the USA. Money Transmitter Licenses enable us to offer a variety of payment
services to businesses and consumers and one of our key objectives has been to have ubiquitous licensing coverage across the
USA. It is sincerely gratifying to see our hard work and the discipline we have built in the
Company result in significant milestones like this," said Andre Itwaru, First Global's Chairman
and CEO.
About First Global: (www.firstglobaldata.com)
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.
Caution:
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. In
particular, this press release contains forward-looking statements with respect to the Company's ability to finalize its 2017
Audit within the next two months, have trading resume once 2017 Audit has been filed, pursue DTC eligibility, and improve overall
shareholder and market communications via sourcing professional IR support. There can be no assurance with respect to a
favourable outcome with respect to any of the foregoing matters. Investors are advised that absent a favourable outcome with all
of the foregoing matters, the business and market value of the Company, including the value of its common shares, may be
adversely and materially affected. 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
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