SOURCE: IFAN Financial, Inc.

IFAN Financial, Inc.

June 23, 2015 08:30 ET

IFAN Financial Forms Strategic Relationship With GTV Corp.

Will Develop White Label OEM Payment Platform, Apps, Customer Service Product

SAN DIEGO, CA--(Marketwired - Jun 23, 2015) - IFAN Financial, Inc. (OTC PINK: IFAN), a designer, developer, and distributor of software to enable mobile payments, is pleased to announce that it has entered into a strategic relationship with Los Angeles-based GTV Corporation.

Among the objectives and goals of this relationship, the two will work together to develop various offerings to drive adoption of the IFAN platform and secure meaningful market share in the social commerce space. These include but are not limited to:

  • A turnkey, OEM platform solution for developers and e-commerce companies to integrate digital payment capabilities into their offering. This platform will be optimized for mobile and digital media;
  • Enabling application joint ventures will be supported to launch online consumer services that serve to drive adoption of the IFAN platform;
  • An event app platform offering a modular solution for event owners to offer attendees value added services, while generating new areas of revenue and cost saving through more efficient operations (e.g. faster POS, lower transaction cost, better security, etc.);
  • A digital retail solution that will enable retailers to realize significant cost savings by accepting lower cost debit card transactions on a phone or tablet as an alternative to paying high credit card fees;
  • A robust alternative address book application that offers tight integration with social networks and easy person-to-person payments between contacts.

Additionally, the two parties have agreed that:

  • IFAN will collaborate with GTV basis for the engineering work required to integrate the IFAN SDK into the GTV platform;
  • IFAN and GTV will share in the net revenues generated from the application joint ventures that are developed together, on a basis to be determined; and
  • IFAN and GTV will share will share in the net revenues generated by IFAN from the marketing traffic from affiliates secured by GTV (and / or Agency X) on a basis to be determined.

IFAN Financial's President and CEO, J. Christopher Mizer, stated, "This is an excellent arrangement for both parties, each having competencies that complement those of the other. IFAN brings to the table a detailed knowledge and experience of the mobile payments space and GTV has an extensive knowledge of digital media and the entertainment trends that will drive mobile usage into the future. The combination offers us both a rich environment for successful collaborations."

Ken Mayer, CEO of GTV Corporation, stated, "GTV and IFAN both stand to gain from this arrangement. IFAN provides us additional sources of revenues from areas that are currently untapped, providing our partners with new ways to monetize their GTV-powered video networks... Meanwhile, our engineering and app development expertise will put IFAN's payments technology in places it has never been before. It is a highly advantageous agreement for both of us."

To further enhance the strength of the relationship, Ken Mayer has been invited to join the Board of Directors of IFAN. Christopher Mizer will serve either on the Advisory Board or Board of Directors of GTV.

About GTV Corporation
GTV is a digital media company focused on production and distribution of video content. GTV operates a proprietary video syndication platform that brings together branded content from hundreds of mainstream providers. The objective is to provide viewers, website publishers and digital television networks access to a massive library of compelling digital programming.

About IFAN Financial, Inc.
IFAN Financial, Inc. and its wholly owned subsidiaries design, develop, and distribute software to enable mobile payments. These include the ability to use a debit card and corresponding PIN number while purchasing online on a mobile phone, tablet, or computer and peer-to-peer cash transfers. For more information, visit www.ifanfinancial.com.

Forward-Looking Statements
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of IFAN Financial, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond IFAN Financial, Inc.'s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in IFAN Financial, Inc.'s filings with the Securities and Exchange Commission.

Contact Information

  • Contact:
    Steve Scholl
    Chief Financial Officer
    IFAN Financial, Inc.
    5694 Mission Center Road
    Suite 602-660
    San Diego, CA 92108-4312
    Direct: 858-277-9868
    FAX: 619-923-2907
    Email Contact
    www.ifanfinancial.com