Goldmoney Inc.

Goldmoney Inc.

November 29, 2016 07:30 ET

Goldmoney Inc. Announces Board Appointment

TORONTO, ONTARIO--(Marketwired - Nov. 29, 2016) - Goldmoney Inc. (TSX:XAU) ("Goldmoney"), a financial technology company operating a global, 100% reserved gold-based financial network, today announced the appointment of Stefan Wieler to the Company's Board of Directors.

Stefan was previously appointed as Vice President of Research for Goldmoney in September 2015. An acclaimed commodities market strategist, Stefan previously served as a Vice President of Commodities Research at Goldman Sachs. He also served as head of research and analysis at BBL Commodities, a commodity-focused hedge fund that returned 51.3% net of fees in 2014 and went on to become the second-best performing absolute return fund tracked by Hedge Fund Intelligence and win "New Fund of the Year" at the Absolute Return Awards. Stefan holds an honours Master's degree in Financial Economics from the University of Zurich. He is a CFA charterholder and holds the Chartered Alternative Investment Analyst designation.

Goldmoney Inc. also announced that Hector Fleming has decided to retire from the Goldmoney Board of Directors following the Company's successful 2015 acquisition and succeeding integration of Goldmoney Wealth.

"We thank Hector and the Fleming family for their guidance and long-time contribution to Goldmoney," said Roy Sebag, CEO of Goldmoney Inc. "Their vision and support for our mission was instrumental in bringing the platforms together, and we wish them success in their future endeavours."

"We're pleased to welcome Stefan to the Goldmoney Board of Directors, a pre-launch investor in the Goldmoney Network who remains committed to the Company's long-term mission of democratizing access to gold," said Josh Crumb, chief strategy officer of Goldmoney Inc. "Our reputation as a highly-regarded and trusted financial services provider is central to the Company's relationships with clients and stakeholders, and we believe Stefan exemplifies these qualities through the expert vision and thought leadership he provides."

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About Goldmoney Inc.

Goldmoney Inc. (TSX:XAU) is a mission-driven financial technology company that operates the world's largest 100%-reserved gold-based savings and payments network. Goldmoney® provides financial services as a trusted third-party, combining the unique attributes of gold with technology-driven innovation. Through the Goldmoney Network, comprised of Goldmoney Personal and Goldmoney Business, anyone with internet access can buy, sell, transfer, earn, or redeem physical allocated gold. Goldmoney Wealth offers bespoke precious metals custody and wealth services, trading and execution, card services, tax-free retirement accounts and independent research to high net worth individual investors and institutions. Goldmoney Inc. has more than 1.3 million user signups from more than 150 countries and $1.8 billion in client assets (as at November 28, 2016). Goldmoney Network is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Goldmoney Wealth is regulated as a Money Services Business by the Jersey Financial Services Commission. For more information about Goldmoney, visit

Forward-Looking Statements

This news release contains or refers to certain forward-looking information often be identified by forward-looking words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "may", "potential" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. All information other than information regarding historical fact, which addresses activities, events or developments that the Goldmoney Inc. (the "Company") believes, expects or anticipates will or may occur in the future, is forward looking information. Forward-looking information does not constitute historical fact but reflects the current expectations the Company regarding future results or events based on information that is currently available. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking information will not occur. Such forward-looking information in this release speak only as of the date hereof.

Forward-looking information in this release includes, but is not limited to, statements with respect to: service times for transactions on the Goldmoney network; growth of the Company's business, expected results of operations, and the market for the Company's products and services and competitive conditions. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: the Company's limited operating history; history of operating losses; future capital needs and uncertainty of additional financing; fluctuations in the market price of the Company's common shares; the effect of government regulation and compliance on the Company and the industry; legal and regulatory change and uncertainty; jurisdictional factors associated with international operations; foreign restrictions on the Company's operations; product development and rapid technological change; dependence on technical infrastructure; protection of intellectual property; use and storage of personal information and compliance with privacy laws; network security risks; risk of system failure or inadequacy; the Company's ability to manage rapid growth; competition; effectiveness of the Company's risk management and internal controls; use of the Company's services for improper or illegal purposes; uninsured and underinsured losses; theft & risk of physical harm to personnel; precious metal trading risks; and volatility of precious metals prices & public interest in precious metals investment; and those risks set out in the Company's most recently filed annual information form, available on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, except as required by law. No stock exchange, regulation services provider, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.

Contact Information

  • Goldmoney Inc.
    Jacquelyn Humphrey
    Director of Global Communications

    Goldmoney Inc.
    Josh Crumb
    Chief Strategy Officer
    +1 647-499-6748