SOURCE: First Global Data Limited

First Global Data Limited

February 19, 2016 09:00 ET

First Global Updates LTP Situation

TORONTO, ON--(Marketwired - February 19, 2016) - First Global Data Limited (TSX VENTURE: FGD) ("First Global" or the "Company") denies the allegations made by the "LTP Stakeholder Group" and by YS Capital Inc. in their press release of February 18, 2016 and states that these allegations are frivolous and without merit. First Global intends to pursue all available legal remedies against YS Capital Inc. and the "LTP Stakeholder Group" in connection with these allegations. 

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. First Global's leading edge technology core enables mobile and online: payments, money transfers, mobile shopping and peer to peer services.

First Global 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, 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:

    Andre Itwaru
    Chief Executive Officer and President
    Telephone: 416.504.3813
    Facsimile: 416.504.7092
    Email: Email contact