First Global Data Limited

First Global Data Limited

January 08, 2015 09:30 ET

New Money Services License for First Global Data in the State of Kansas

LOS ANGELES, CALIFORNIA--(Marketwired - Jan. 8, 2015) - First Global Data Limited ("First Global" or the "Corporation")(TSX VENTURE:FGD), is pleased to announce that its Los Angeles based wholly owned subsidiary, First Global Money Inc., has been granted a new Money Transmitter license by the State of Kansas.

Since January 2014, First Global has increased its licensing in the USA by 10 additional States. The Corporation has an objective of establishing licenses in all States and is now able to conduct money services in 23 States.

"Qualifying for and obtaining State licenses is not an easy undertaking, and we are pleased to have received this new license from the State of Kansas. Increasing our licenses and footprint has been a major focus for First Global since it paves the way for generating additional revenues and positions us well for the launch of our online money remittance and mobile payment services", said Andre Itwaru, Chairman, President and CEO of the Corporation. "Our focus for 2015 is to leverage these significant assets to increase revenues".

First Global is now able to provide mobile and online payments, domestic and international money remittances, and other money services in the following states: Alaska, Arizona, Arkansas, California, Delaware, Florida, Georgia, Idaho, Illinois, Iowa, Kansas, Maine, Minnesota, Mississippi, Missouri, Montana, Nevada, New Mexico, New Jersey, New York, North Dakota, South Carolina and Texas. First Global operates its money services in the USA under the FirstGlobalMoney™ brand.

About First Global:

First Global Data Limited (TSX VENTURE:FGD), is a Toronto based leading edge international payments company whose services are designed primarily for the domestic and international underbanked markets. Services include Mobile and Online Payments, Money Transfer, including Peer to Peer mobile and online transfers. First Global moves money domestically and internationally in full compliance with regulatory guidelines. The Corporation also enables its strategic partners and clients around the world with its leading edge transaction technology. First Global maintains a strong focus on compliance and holds licenses to operate as a Money Service Business around the world. The Corporation's electronic transaction infrastructure currently extends to approximately 97 countries worldwide. First Global's goal is to become the global leader in the mobile money and online financial transaction services sector. The Corporation's US headquarters is located in Los Angeles, California.

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

  • First Global Data Limited
    Andre Itwaru
    Chairman, President and CEO
    416.504.7092 (FAX)