Vogogo Inc.
TSX VENTURE : VGO

Vogogo Inc.

May 22, 2015 07:30 ET

Vogogo Makes Initial Entry Into Asia with a Strategic Payment Processing Partnership

CALGARY, ALBERTA and LONDON, UNITED KINGDOM and PALO ALTO, CALIFORNIA--(Marketwired - May 22, 2015) - Vogogo Inc. ("Vogogo") (TSX VENTURE:VGO) a specialized provider of risk management & payment processing services today announced that they have finalized a strategic partnership with Aurfy Inc. ("AURFY"), a Silicon Valley, CA based payment processor focused on facilitating payments from Asia.

With this partnership in place Vogogo expects to extend its risk management and payment processing services to clientele looking to enter Asian markets and/or to provide better payment services to their existing Asian business portfolios. The technical integration between AURFY and Vogogo is underway and Vogogo expects to offer beta payment processing in Asia to clients in the latter half of 2015.

Vogogo CEO Geoff Gordon said of the announcement, "Due to overwhelming demand for our services in Asia we are very pleased to have made progress in what is a very large and exciting market for us. Our focus continues to be about growth and expanding our service offering to target markets in coordination with our clients' needs. This is another significant step towards reaching our business goals."

AURFY's CEO Yuanbo Wang said of the partnership, "We are very excited to be working with Vogogo. The combination of their incredible clientele along with their significant technical and operational capabilities including risk management and international compliance made this an easy partnership choice for our company."

Vogogo also announces that today it filed its interim condensed consolidated financial statements for the three months ended March 31, 2015, and related management's discussion and analysis. The financial statements, and management's discussion and analysis may be obtained on Vogogo's SEDAR profile.

About Vogogo

Vogogo is a TSX Venture Exchange ("TSXV") publicly traded payment services company with integrated risk management and compliance. Founded in 2008, Vogogo designed, built and launched their web-based payment processing technology while growing their expertise in software development, payments, risk management, compliance and related financial services. Vogogo is now executing on its plan to sell to global markets. The plan focuses on market opportunities where Vogogo believes it has a competitive advantage due to its positioning and technology.

For further company information please view the Vogogo Media Kit

About AURFY

Aurfy, Inc. is a fintech startup focused on connecting international businesses to Asian consumers. Founded in 2012, Aurfy has developed an easily integrated payment solution that allows preferred payment methods in Asia to be easily processed globally. With a unique background in Asian economies and purchasing habits, Aurfy helps its customers and partners remove the friction in accepting payments from Asia.

READER ADVISORY

Neither the 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 press release.

None of the information contained on, or connected to, Vogogo's website is incorporated by reference herein.

Cautionary Note Regarding Forward-Looking Statements

Statements in this press release contain forward-looking information including, without limitation, timing for integration and processing of the Vogogo platform with AUFRY and expansion plans of Vogogo. The words "will," "anticipate," "believe," "estimate," "expect," "intent," "may," "project," "should," and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by Vogogo. Readers are cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Vogogo. Vogogo does not have any obligation to update or revise any forward-looking statements except as expressly required by applicable securities laws.

Contact Information

  • Vogogo
    For information or interview please contact:
    Geoff Gordon
    Chief Executive Officer
    403-648-9292

    Rodney Thompson
    Chief Relationship Officer
    403-648-9292

    Aurfy
    For information or interview please contact:
    Yuanbo Wang
    Chief Executive Officer
    (650) 446-8888

    Gabriel Grisham
    Business Development & Strategy Lead
    (650) 446-8888