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RevoluGROUP Canada Inc.

TSXV Exchange | Jul 10, 2020, 12:06 PM EDT | Real-time price

REVO $ 0.28 RT
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RevoluGROUP Canada Inc. Provides Corporate Update

VANCOUVER, British Columbia, May 08, 2020 (GLOBE NEWSWIRE) -- RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt:IJA2) (the “Company”) is pleased to provide a recap and interim update to recent Company news.

News Release 24th April 2020

In reference to the above cited news release, the company is pleased to inform shareholders that the trilateral communication between the: Central Bank, Hogan Lovells and, the wholly owned subsidiary RevoluPAY, has remained fluid between the aforementioned date and today. The company anticipates that the previously divulged approximate timelines revealed in the said news release should remain valid.

News Release 28th April 2020

In reference to the above cited news release, the company is pleased to inform shareholders that it has made substantial progress with several pending Definitive Agreement parties and expects to provide shareholders with an update during the week of 11th to 15th May 2020.

Links Utilized in this News Release

24/4/2020 - https://revolugroup.com/news/revolugroup-canada-inc-psd2-bank-license-update-from-hogan-lovells-2020-04-24/

28/04/2020 - https://revolugroup.com/news/revolugroup-canada-inc-remittance-business-update/

About RevoluPAY®

The Company’s flagship technology is the PSD2 Licensed RevoluPAY®, the Apple and Android multinational payment app. Built entirely in-house, RevoluPAY features proprietary, sector specific, technology of which, the resulting source code is the property of the Company. RevoluPAY’s built-in features include: Leisure payments, Travel Payments, Retail and Hospitality payments, Remittance Payments, Real Estate Payments, pay-as-you-go phone top-ups, Gift Cards & Online Credits, Utility Bill payments, etc. RevoluPAY is powered by blockchain protocols, and, is squarely aimed at the worldwide multi-billion dollar leisure sector and, + $595 billion family remittance market. RevoluPAY® is operated by the European wholly owned subsidiary RevoluPAY EP S.L located in Barcelona. RevoluPAY EP S.L is a fully licensed European PSD2 payment institution under the auspices of EU Directive 2015/2366. RevoluGROUP Canada Inc. controls 5 wholly owned subsidiaries on 4 continents.

About RevoluGROUP Canada Inc.:

RevoluGROUP Canada Inc. is a multi-asset, multidivisional publicly traded Canadian company deploying advanced technologies in the; Online Travel, Vacation Resort, Mobile Apps, Money Remittance, Mobile Phone Top-Ups, EGaming, Healthcare Payments, Esports, Invoice factoring, Blockchain Systems, and Fintech app sectors. Click here to read more.

For further information on RevoluGROUP Canada Inc. (TSX-V: REVO) visit the Company’s website at www.RevoluGROUP.com. The Company has approximately 160,208,772 shares issued and outstanding.

RevoluGROUP Canada Inc.

“Steve Marshall”
______________________
STEVE MARSHALL
CEO

For further information contact:
Don Mosher
RevoluGROUP Canada Inc.
Telephone: (604) 685-6465
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@revolugroup.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

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