PHOENIX, Oct. 15, 2018 (GLOBE NEWSWIRE) -- Argentum 47, Inc. (OTC.PK: ARGQ) (“Argentum” or “Company”) is a US holding company. They operate 100% of their business through non-US subsidiaries in different spheres of the financial services world. Peter Smith, CEO of Argentum, joined Stock Day’s Marcus Heatherly, once again, to talk about exciting news in the world of crypto-currency.
He spoke about their very exciting new capital markets transaction, Creditum. “We will commence in this quarter to take Creditum into a major international stock exchange, I can’t say which one at the moment. We are looking hard at the right alternatives,” said Smith. “Creditum is a unique business, they are taking off on the new way of the world with crypto-currencies being very much in vogue, but rather than issuing crypto-currency they are lending money to people that own crypto-currencies. To my knowledge, they are the only business doing this.”
Smith went on to explain that Creditum has built the correct algorithm to generate the proper lending structures allowing a holder of a crypto asset to obtain a loan in fiat currency. They are also looking at pre-paid debit or credit cards against crypto-currency that one might have. He says he sees Creditum as a game changer.
“This is exceptionally disruptive technology,” explained Smith. “We were appointed by Creditum this year to look at the alternatives for a Capital Market listing. We now believe we have narrowed that down to where we should be.”
He then told Heatherly that in the first two weeks of “Beta Testing” for clients, Creditum received 8,000 inquiries complete with KYC documents, an unprecedented number of enquiries in such a short period of time.
“If they had the system up and running, at the time, they probably could have landed US$150 Million Dollars in those two weeks, just staggering numbers in the Creditum transaction.”
Heatherly then asked if this is a service that Argentum 47, Inc. is providing or if they will also take a position in the company.
“We will take a small equity position in return for the service we will provide. We will be a shareholder of Creditum.”
Earlier in the interview, Heatherly noted that Argentum 47, Inc. is extremely undervalued at $0.0058, the market caps only $2.9 Million. He said it’s a very good time to get in on the Company with varied assets holdings.
“We have two core divisions. One is capital markets where we would assist companies going into the market, raising capital and taking a piece of equity in return,” explains Smith. “And the other part, which is now fast overtaking the first part, we are building, by acquisition funds under management or administration. So, what does that mean? We are buying up companies in the U.K. and Southeast Asia whereby those companies have client’s money that they manage or administer. It gives us the access for capital for new deals, it gives us access to revenue, and it gives us a wide spread of business.”
He went on to explain that this strategy allows them to be a full-service financial service Company, rather than the targeted capital markets Company that they were for the first 8 years of existence.
He also told Heatherly that the Company, Argentum 47, had just received a further US$650,000 tranche of funding from its funding partner and related to a much larger agreement signed in June of this year. This funding being convertible into equity at a minimum of two cents per share and only after one year and one day from the funding date. He said that the Company was in the midst of deciding how best to implement this recent tranche of funding as it is looking at a “tremendous amount” of acquisitions at the moment.
To hear more about the future of Argentum 47, Inc., listen to the podcast here: https://upticknewswire.com/featured-interview-ceo-peter-smith-of-argentum-47-inc-otcpink-argq-2/
About Argentum 47, Inc. and Subsidiaries
Argentum 47, Inc. (“Argentum”) is a full-service Financial Intermediary, Corporate Consultancy, Retail and Corporate Financial Services, and Human Resources Company. Through its wholly-owned foreign subsidiaries, it advises both business and retail customers with their most critical decisions and opportunities pertaining to growth, capital needs, structure and the development of their financial plans. With offices in Dubai and the United Kingdom, Argentum has developed significant relationships in the US, UK, Central Europe, the Middle East, and South East Asia to assist clients in realizing their full value and potential. Bringing business to external capital and resources, and retail customers to a suite of secure effective financial solutions. Furthermore, as Argentum has offices in key financial centers of the world, they are able to introduce their clients to the right financial partner without geographical constraints.
Mr. Peter Smith
CEO of Argentum 47, Inc.
Cluster X, Building 3
Jumeirah Bay Towers
Dubai, United Arab Emirates
Dubai - Tel: + 971 (0) 42 767 576
USA - Tel: + 1 321 200 0142
UK - Tel: + 44 203 239 3824
Safe Harbor Statement
This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management’s own knowledge and assessment of the Company’s industry and competition. The Company refers interested persons to its most recent Annual Report on Form 10-K and its other SEC filings for a description of additional uncertainties and factors, which may affect forward-looking statements. The company assumes no duty to update its forward-looking statements.
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