uBUCK Signs Agreement for Strategic Commercial Relationship with Deltec Bank & Trust Limited
November 07 2019 - 7:00AM
LiteLink Technologies Inc. (“LiteLink”)
(CSE:LLT)(OTC:LLNKF)(FRA:C0B), a key player in logistics platforms
and payment solutions, is pleased to announce that its subsidiary
uBUCK Technologies SEZC (“uBUCK” or the “Company”) has signed a
Strategic Alliance Agreement with Deltec Bank & Trust Limited
(“Deltec”) to sell uBUCK prepaid debit cards from the uBUCK
platform to banks and investment account customers at Deltec.
Through this strategic commercial relationship, Deltec will also
integrate and market the uBUCK prepaid debit card into Deltec
digital wallet and exchange relationships, as well as private
banking contacts.
Headquartered in The Bahamas, Deltec is a diversified
independent financial institution that offers its global clients
the unique combination of institutional expertise, bespoke
solutions, and highly attentive service.
“We are very excited to enter into a strategic partnership with
Deltec, a highly regarded financial institution with a range of
private banking and fiduciary expertise,” said uBUCK CEO James
Youn. “This partnership opens up uBUCK to a large network of
financial services providers across the globe.”
The phases of the strategic commercial relationship between
uBUCK and Deltec will include providing prepaid debit cards to
their existing bank and wealth management clients, marketing the
card program to regional private bank networks in the Caribbean,
South America, Asia and Europe, a technology platform that links
the cards and creating dedicated white label card programs to their
existing digital asset exchange clients.
About Deltec Bank & Trust LimitedDeltec
Bank & Trust Limited is the flagship company of the Deltec
International Group, a diversified independent financial services
group, providing through its member companies a range of private
banking and fiduciary expertise, fund administration, investment
management, digital asset financial services, insurance solutions,
and corporate and merchant banking capabilities.
About uBUCK Technologies SEZCBased in
Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that
specializes in digital payments and wallets. uBUCK Pay, its online
payments platform and pin voucher solution, offers consumers,
businesses and merchants a fast, commission-free and highly secure
alternative to traditional payments. Customers can purchase pin
vouchers within the uBUCK Pay app or at participating resellers.
For details about uBUCK Pay, please visit uBUCKpay.com. For details
about Streambucks, please visit Streambucks.gg.
About LiteLink Technologies Inc.LiteLink
Technologies Inc. (CSE:LLT) (OTC:LLNKF) (FRA:C0B) is a major player
in developing world-class enterprise platforms that utilize
artificial intelligence, blockchain, and predictive analytics to
solve fragmented and outdated technology problems in the logistics
and digital payment industries. Our flagship 1SHIFT logistics
platform offers real-time transparency and tracking which allows
brokers, shippers, and carriers to track shipments and settle
payments in real-time.
For further information, contact Yana Bobrovskaya at
604-307-2553 or email investor@litelinktech.com.
Forward-looking StatementThis news release may
contain certain “Forward-Looking Statements” within the meaning of
the United States Private Securities Litigation Reform Act of 1995
and applicable Canadian securities laws. When used in this news
release, the words “anticipate”, “believe”, “estimate”, “expect”,
“target”, “plan”, “forecast”, “may”, “schedule” and other similar
words or expressions identify forward-looking statements or
information. These forward-looking statements or information may
relate to the nature of the business of LiteLink, and other factors
or information. Such statements represent LiteLink’s current views
with respect to future events and are necessarily based upon a
number of assumptions and estimate that, while considered
reasonable by LiteLink, are inherently subject to significant
business, economic, competitive, political and social risks,
contingencies and uncertainties. Many factors, both known and
unknown, could cause results, performance or achievements to be
materially different from the results, performance or achievements
that are or may be expressed or implied by such forward-looking
statements. LiteLink does not intend and does not assume any
obligation, to update these forward-looking statements or
information to reflect changes in assumptions or changes in
circumstances or any other events affections such statements and
information other than as required by applicable laws, rules and
regulations.
Litelink Technologies (CSE:LLT)
Historical Stock Chart
From Nov 2024 to Dec 2024
Litelink Technologies (CSE:LLT)
Historical Stock Chart
From Dec 2023 to Dec 2024