First Global Data Limited

First Global Data Limited

December 17, 2014 10:00 ET

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

TORONTO, ONTARIO--(Marketwired - Dec. 17, 2014) - First Global Data Limited ("First Global" or the "Corporation") (TSX VENTURE:FGD) is pleased to announce that its Los Angeles, California based wholly owned subsidiary, First Global Money Inc., has been granted another new "Money Transmitter" license, this one by the State of North Dakota.

This marks the second new State license granted to First Global in the past week. The Corporation continues to increase its US licenses, and is now able to conduct money services in 22 States in the USA. Since January, 2014 First Global has increased licensing and reach in the USA by 9 additional States.

"Our company remains focused on establishing a strong footprint of licenses across the USA. These licenses set the foundation for service expansion and new service introduction into the US marketplace, all of which we expect will translate into revenue growth for First Global," said Andre Itwaru, Chairman, President and CEO of the Corporation. "Our focus has always been to establish a strong foundation with our leading edge mobile and online payment technology along with State licenses. We view 2015 as a year in which First Global will be able to leverage these significant assets for more rapid growth."

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, 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 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.

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)