SOURCE: First Global Data Limited

First Global Data Limited

May 20, 2016 17:00 ET

First Global Appoints New Directors

TORONTO, ON--(Marketwired - May 20, 2016) - First Global Data Limited (TSX VENTURE: FGD) ("First Global" or the "Company") is pleased to announce that Messieurs Ray Wieler and Kevin Price have been appointed to the Company's board of directors.

Mr. Price is the President of the private partnership of 7159618 Manitoba Ltd, and is also President of Sierra Grande Capital Corporation based in Alberta, Canada. Sierra Grande has investments in finance, real estate and holds stock positions in many private and publicly-traded corporations with business in Canada, the United States and in Australia.

Mr. Wieler is founder and President of Children's Camps International since 2005, has business investments in Canada and the United States including in the oil and gas and software development sectors, and is also President of an internet-based customer acquisition company.

The Company also announces that Michael Caruso has resigned from the board to pursue other opportunities. The Company would like to thank Mr. Caruso for his contributions to the Company and wishes him success in his future endeavors.

About First Global

First Global is an international financial services technology company operating in the payments sector. First Global's services are designed primarily for the domestic and international unbanked and under banked markets. Its two main lines of business are mobile payments and international money transfers operating under the PayQwik™ and FirstGlobalMoney™ brands respectively. First Global's leading edge technology core enables mobile and online: payments, money transfers, mobile shopping and peer to peer money services.

First Global also enables its strategic partners and clients around the world with its leading edge financial services technology platform. The Company facilitates the movement of money domestically and internationally in full compliance with regulatory guidelines, and maintain a strong focus on compliance.

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.

Contact Information

  • For further information, please contact:
    Investor Relations
    Telephone: 416.504.3813
    Facsimile: 416.504.7092