TORONTO, May 30, 2022 /CNW/ - Fintech Select Ltd.
("Fintech Select" or the "Company") (TSXV: FTEC) is
pleased to announce that its Q1 2022 financial results include a
net income of $1,992,613, or
2.5 cents per share. These results
were helped by a settlement reached this year, as was previously
announced in our press release of March 10,
2022.
For more information on the Company's operating and financial
results, please consult the Company's Q1 Financial Statements and
Management Discussion & Analysis filed on SEDAR.
"As we continue developing our disruptive solutions, we remain
dedicated and focused on reducing the Company's working capital
deficiency and debt. Management and the Board of the Company are
proud of the progress we have made thus far, and look forward to
future achievements in this area," stated Mohammad Abuleil, CEO and President of the
Company.
About Fintech Select Ltd.
Fintech Select is a provider of robust and disruptive
Pre-Paid Card programs and e-wallet payment solutions. Fintech
Select has enabled these core assets which operate through separate
divisions to work together harmoniously to create a new and
ubiquitous environment for consumers and businesses
alike. Fintech select also operates an international
call centre that provides fulfillment and customer service support
to customers across all the company's platforms. Our mission is to
provide customers with choice, convenience and cost-effective ways
to facilitate traditional and crypto financial
transactions.
Follow us on:
https://www.facebook.com/FintechSelect
https://twitter.com/fintech_select
https://www.instagram.com/fintechselect
https://www.linkedin.com/company/fintechselect/
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.
Forward Looking Information:
This news
release contains "forward-looking information" within the meaning
of applicable securities laws. 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 including the Company's ability to be successful in
actually cleansing its balance sheet. The statements in this press
release are made as of the date of this release. Fintech undertakes
no obligation to comment on analyses, expectations or statements
made by third-parties in respect of its securities, financial or
operating results (as applicable) or prospects as to the effective
implementation of strategies or initiatives or future revenue
levels. Fintech 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 Fintech Select Ltd.