TORONTO and HALIFAX,
March 12, 2019 /CNW/ - Globalive
Technology Inc. (TSX-V: LIVE) (the "Company"), a technology company
focused on developing innovative payment, billing and credit
solutions for consumers and businesses, today announced that the
Company's partner Flexiti Financial ("Flexiti"), a leading
point-of-sale consumer financing solutions provider for retailers,
has signed Charm Diamond Centres and its sister retail chains, Ben
Moss Jewellers and Crescent Gold & Diamonds, to a long-term
agreement to implement its point-of-sale financing technology.
Flexiti's solution provides customers with quick and easy access to
revolving credit and flexible payment options, including 0%
financing, that increase affordability and improve the shopping
experience both in-store and online.
"Providing excellent customer service and the best price is key
to winning customers for life. Integrating Flexiti's innovative
consumer financing platform helps us deliver our luxury products
with affordable payment options for all budget sizes," said
Troy Calder, President of Charm
Diamond Centres.
With Flexiti's mobile, automated and 100% paperless application
process, customers can now secure in minutes a private label credit
card that provides them with low interest and longer-term payment
plans than traditional credit cards. The FlexitiCard is usable at
nearly 4,000 retail locations across Canada within the Flexiti network and
eliminates the need for customers to reapply for financing with
every purchase.
Flexiti's omni-channel financing solution is a proven sales
driver, with retailers in all verticals experiencing a 200% to 380%
rise in financed sales volumes after migrating from previous
financing platforms. Flexiti's simple and efficient application
process becomes a valuable sales tool for retail staff that
increases average purchase sizes, builds brand loyalty and
encourages repeat store visits.
"Focusing on the customer has never been more important than it
is in today's highly-competitive retail environment," said
Peter Kalen, Founder and CEO of
Flexiti. "Our award-winning technology offers retailers a
convenient and easily scalable way of building customer loyalty and
getting sales across the finish line."
Flexiti and the Company are parties to a technology development
agreement and the Company is a shareholder of Flexiti.
"Flexiti's technology enables a seamless payment process that
puts customer preferences at the forefront of the transaction,"
said Anthony Lacavera, Chief
Executive Officer of Globalive Technology. "We believe Flexiti's
innovative platform will continue to experience significant growth
as more retailers recognize the importance of this customer-centric
approach in driving repeat business."
About Globalive Technology Inc.
Globalive Technology
is a next generation software company and venture partner
developing innovative solutions to disrupt traditional industries
by leveraging artificial intelligence and machine learning
technology stacks, with a particular focus on delivering innovative
payment, billing and credit solutions. Globalive Technology is
controlled by Globalive Capital Inc. which has founded and
co-founded 12 businesses over the past 20 years with six successful
exits ranging from $10M to
$1.3B USD. It has also made over 100
venture investments and has over 45 technology companies in its
portfolio. For more information,
visit www.globalivetech.com.
About Charm Diamond Centres
Charm Diamond Centres is
the largest independently owned Canadian jewellery retailer with
more than 80 stores and 800 employees coast to coast. For more than
45 years, Charm Diamond Centres has helped Canadians celebrate and
commemorate all of life's biggest moments. The chains offer several
stunning lines of diamonds including Glacier Fire Canadian
Diamonds, My Diamond Story Canadian Diamonds, LeVian, Enchanted by
Disney and its Signature Collection, Charmed by Richard Calder, the company's founder. For more
information, please visit www.charmdiamondcentres.com.
About Flexiti
Flexiti has reimagined point-of-sale
(POS) consumer financing to drive sales for retailers in-store and
online and is one of Canada's
leading private label credit card issuers. Through its
award-winning platform, Flexiti delivers a POS financing experience
across any device that is customer-centric, simple and intuitive.
Without the need to integrate into existing POS systems, retail
partners can easily offer the same fast and paperless financing
solution across all retail locations and sales channels to increase
revenue and build loyalty through repeat purchases. Flexiti's joint
venture with Globalive Technology demonstrates its commitment to
innovation in the payments space through the development of
solutions leveraging artificial intelligence. With high approval
rates, innovative products and services, flexible promotional
offers and a partnership-first approach, Flexiti is helping people
improve their lives through better financing. For more information,
visit www.flexiti.com.
For investor inquiries:
Melanie Barbeau
Account Manager, Renmark Financial Communications
InvestorRelations@globalivetech.com
For media inquiries:
Rob
Moysey
Communications Manager, Globalive
Media@globalivetech.com
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release contains forward-looking statements relating
to the use of Flexiti's product by Charm Diamond Centres and its
subsidiaries Ben Moss Jewellers and Crescent Gold & Diamonds to
provide services to its customers, Flexiti's product assisting
Charm Diamond Centres and its subsidiaries in eliminating the need
for customers to reapply for financing towards future purchases,
driving loyalty and repeat sales, and Flexiti's product building
customer loyalty, driving sales online and expanding Charm Diamond
Centres' customer base. Such forward-looking statements are
identified by terms such as "will" and similar expressions. All
statements, other than statements of historical fact included in
this release, including those noted above, are forward-looking
statements that involve risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from expectations include an
inability for Charm Diamond Centres and its subsidiaries to
integrate Flexiti's product or its customers desire to use such
product, other matters that could affect Charm Diamond Centres'
ability to further customer service including difficulties or
delays in using Flexiti's product.
The reader is cautioned that assumptions used in the preparation
of any forward-looking information may prove to be incorrect.
Events or circumstances may cause actual results to differ
materially from those predicted as a result of numerous known and
unknown risks, uncertainties, and other factors, many of which are
beyond the control of Globalive Technology, Flexiti and Charm
Diamond Centres and its subsidiaries. There can be no guarantee
that any of the forward-looking statements contained in this press
release will occur as disclosed herein or at all. The reader is
cautioned not to place undue reliance on any forward-looking
information.
Such information, although considered reasonable by management
at the time of preparation, may prove to be incorrect and actual
results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement. The
forward-looking statements contained in this news release are made
as of the date of this news release and the Company will only
update or revise publicly the included forward-looking statements
as expressly required by Canadian securities law.
Neither the 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.
SOURCE Globalive Technology
