TSX Venture Exchange: FGD
Frankfurt Stock Exchange: 1G5
OTCQB: FGBDF
TORONTO, Aug. 24, 2018 /CNW/ - First Global Data Limited
("First Global" or the "Company") would like to advise that it
intends to publish both the Q1-2018 and Q2-2018 financial
statements together on or before the due date for the Q2 financial
statements, which is August 29,
2018.
In a press release dated August 16,
2018 the Company did indicate its intention to have the
Q1-2018 financial statements published by August 23, 2018, however decided that since the
Q2-2018 statements were due the following week, that it would take
the time necessary for its finance team to complete both sets of
financial statements under more stringent internal processes that
the Company has implemented.
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.
SOURCE First Global Data Limited
