First Global Data Limited

January 06, 2014 09:00 ET

First Global Data New USA State Licenses Granted

TORONTO, ONTARIO--(Marketwired - Jan. 6, 2014) - First Global Data Limited (TSX VENTURE:FGD) ("First Global" or the "Corporation") is pleased to announce that its wholly owned USA subsidiary, First Global Money Inc., has been granted the "Money Transmitter" license by the State of Maine; and "Sale of Checks Business" license in the State of Missouri. These licenses are essential to carry out money services business in these states. With the receipt of these licenses, First Global can expand its money services, including remittances, to the residents of Maine and Missouri.

With the addition of these two licenses, First Global is now licensed to carry out money services business in 13 states in the U.S. These states are Arizona, California, Florida, Georgia, Illinois, Maine, Minnesota, Missouri, Nevada, New Jersey, New York, South Carolina and Texas.

"We are very pleased and thankful that these new state licenses have been granted" said Andre Itwaru, Chairman, President and CEO of the Corporation. "These new licenses will enable us to expand our money services business into Maine and Missouri. Among other initiatives, First Global 2014 strategy for expansion of its business the United States includes obtaining licenses in the remaining states."

About First Global:

First Global Data Limited (TSX VENTURE:FGD), through its international subsidiaries is in the business of delivering online and mobile money services and technology around the world. Services include payments, mobile peer-to-peer transactions, online and mobile payroll and bill payment solutions. First Global also enables its strategic partners and clients around the world with leading edge mobile and online financial service technology. More than 70 financial institutions and other organizations around the world use First Global technology. First Global maintains a strong focus on compliance and holds licenses in the USA, Canada and other regions around the world. The Corporation's electronic transaction infrastructure currently extends to approximately 73 countries worldwide. First Global's goal is to become the global leader in the mobile money and online financial transaction services sector.

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.

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