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First Global Secures 41st Money Transmitter License in USA

TSX Venture Exchange: FGD
Frankfurt Stock Exchange: 1G5

TORONTO , June 5, 2018 /CNW/ - First Global Data Limited ("First Global" or the "Company") is pleased to announce that its wholly owned US subsidiary, First Global Money Inc, has been granted its 41st Money Transmitter Licenses in the USA . This new license has been granted by the State of Utah .

First Global Data Limited (CNW Group/First Global Data Limited)

"We remain focused on expanding our Money Transmitter License footprint across the USA and are very happy to have received the Utah license. First Global now holds 41 of the 50 available State licenses making us one of the most licensed companies in the USA ," said Andre Itwaru , First Global's, Chairman and CEO.

Mr. Itwaru added, "Each Money Transmitter Licenses enables us to provide a variety of payment services to consumers in the corresponding State. We believed that building this solid foundation would attract good partnerships and allow First Global to capitalize on new opportunities that having licenses would open. It is very gratifying to see our strategy effectively taking shape and being realized." 

About First Global: (www.firstglobaldata.com)

First Global is an international financial services technology ("FINTECH") company. The Company's two main lines of business are mobile payments and cross border payments. First Global's proprietary leading edge technology enables the convergence of compliant domestic and cross border payments, shopping, Peer to Peer ("P2P"), Business to Consumer ("B2C"), and Business to Business ("B2B") payments. First Global enables its strategic partners and clients around the world with our leading edge financial services technology platform.

Caution:
Neither TSX Venture Exchange Inc. ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities offered in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Forward Looking Information:
This news release contains "forward-looking information" within the meaning of applicable securities laws. In particular, this press release contains forward-looking statements with respect to the Company's ability to finalize its 2017 Audit within the next two months, have trading resume once 2017 Audit has been filed, pursue DTC eligibility, and improve overall shareholder and market communications via sourcing professional IR support. There can be no assurance with respect to a favourable outcome with respect to any of the foregoing matters. Investors are advised that absent a favourable outcome with all of the foregoing matters, the business and market value of the Company, including the value of its common shares, may be adversely and materially affected. Although First Global believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward looking information are reasonable, undue reliance should not be placed on them because First Global can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release. First Global undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of First Global, its securities, or financial or operating results (as applicable). First Global disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

Cision

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SOURCE First Global Data Limited


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