TORONTO, May 3, 2017
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TSX Venture Exchange: FGD
Frankfurt Stock Exchange: 1G5
TORONTO, May 3, 2017 /CNW/ - First Global Data ("First Global" or the "Company") is pleased to announce that its Indian subsidiary Msewa Software Solution PVT Ltd. ("Msewa") has signed an Agreement with Snow City theme park in Bangalore.
Customers will be able to pay for Snow City tickets through the Vpayqwik app and Msewa will receive approx $1 USD per transaction.
Further, First Global is thrilled to announce Msewa has been accorded the distinction of being one of the 50 fastest growing companies in 2017 by siliconindia. According to siliconindia, "these companies have mastered the art of growing business with their powerful and influencing business models and strategies and proved their growth to the world."
Andre Itwaru, Chairman and CEO of First Global comments, "The versatility of our Vpayqwik app is demonstrated yet again by enabling an ecommerce ticketing mechanism for Snow City and builds on our business premise of a transactional revenue model. Regarding the siliconindia award, it is gratifying to be recognized by such a prestigious and globally recognized news and information brand such as siliconindia."
About Snow City: (www.snowcityblr.com)
Snow City is a massive indoor snow theme park covering 12500 sq.ft with temperature maintained at subzero degree centigrade. The entire area is filled with snow made out of water and air, which is eco-friendly and edible too. Snow City offers an experience in snow balling, mountain climbing, sliding, Zorbing, basketball, dancing, etc. alongside a fantasy snow castle and first of a kind 5D theatre enhancing your experience. One of the biggest indoor snow park and entertainment center in South India. All attractions are suitable for family entertainment, enticing tourists from all over India to Bangalore. Snow City is aimed to become the flagship project of Karnataka Tourism. It is a must-visit attraction and will regale adults and children alike. It offers an experience of snowy bliss. So what will lure you? Despite the soaring temperatures, the city is a winter wonderland. With a startling wintery setting, enjoy playing in the snow with your loved ones.
Bangalore officially known as Bengaluru is the capital of the Indian state of Karnataka. It has a population of about 8.42 million and a metropolitan population of approximately 8.52 million people, making it the third most populous city and fifth most populous urban agglomeration in India
About siliconindia: (www.siliconindia.com)
siliconindia is a 14-year old brand. Over the last decade, siliconindia.com has emerged as the most trusted source for news and information for professionals. The portal has a global ranking of No.4 in the IT News & Media category. With over 4 million registered users, siliconindia.com is the fastest growing portal and is ranked among the top 110 websites most trafficked from India. siliconindia also organizes several events. Our events have long delivered clear and intelligent insight into the critical trends shaping the future of technology. Our events are an ideal platform for marketeers to connect with targeted, qualified communities of buyers and customers; delivering measurable results that help companies generate leads, shorten sales cycles and grow revenues. siliconindia events, website and magazine offer a powerful combination that empowers professionals to challenge convention and create the future of business.
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.
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. 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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Sonia Tomaz, Investor Relations, t: (416) 504-3813, e: firstname.lastname@example.orgCopyright CNW Group 2017