RevoluGROUP Canada Inc. (TSX-V:
REVO),
(Frankfurt: IJA2),
(Munich: A2PU92), (the "Company")
is pleased to announce a corporate update.
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RevoluPAY Signs NDA linked to European Telecommunications
Giant
-
RevoluPAY Signs Bilateral Agreement with BANKMED SAL
Lebanon
-
Correction News Release 20th
July 2023
-
Update Legal Preparations
HBDIG Technologies GmbH
NDA linked to European
Telecommunications Giant
Per the news release dated July 11th, 2023,
revoking exclusivity, the Company is pleased to announce that it
has entered into a nondisclosure agreement ("NDA") with a new
entity linked to and collaborating with one of Europe's largest
telecommunications companies. The parties are discussing the
RevoluPAY EU and international financial licensing, passporting,
and financial technology in view of potential future synergies.
BANKMED SAL Lebanon
The Company is pleased to announce that
RevoluPAY EP S.L financial institution #6900 has entered into a
banking correspondent agreement with Bankmed SAL, a Lebanese bank.
Bankmed SAL, established in 1944, is one of Lebanon's top five
banks by assets with over $19 billion and deposits maintained in 36
branches in Lebanon and one in Geneva (called Bankmed Suisse).
RevoluPAY continues growing its international financial
relationships to fulfill the June 12th, 2023, notified Lebanese Red
Cross ("LRC") and Million Bridges humanitarian
programs.
Correction News Release
20th July 2023
The Company wishes to correct the news release
issued on 20th July 2023. Specifically, the news release stated
that an aggregate of 1,736,308 Common Shares was to be issued to
the Company's Chief Executive Officer extinguishing $138,904.63 of
corporate debt. An amended directors' resolution dated 26th July
2023 corrects the error since no shares for debt are to be issued
to the Company's Chief Executive Officer. The balance of the news
release is correct, including issuing a total of 320,394 common
shares to four directors representing $25,631.52 in extinguishing
the debt owing to them, which remains subject to TSX Venture
approval.
Unresponsive HBDIG Technologies GmbH and
Director Erik Aaron Lara Riveros
Further to the news release dated July 11th,
2023, the Company informed shareholders that it had remitted a
Certified Letter on July 3rd, 2023, to HBDIG Technologies GmbH
Austrian Headquarters. In continuance of the legal preparations, on
July 12th, 2023, the Company also remitted an EU-recognized formal
notification via digital copy of the requisition letter to the
email address utilized for all communication with Director Erik A.
Lara Riveros until he became unreachable. Regrettably, Director
Erik Aaron Lara Riveros remains incommunicado at the time of
publishing the present news release, not having responded to any of
the Company's communications.
Links Used in This News
Release
Wiki BankMED -
https://en.wikipedia.org/wiki/Bankmed Lebanese Red Cross -
https://www.redcross.org.lb/ MillionBridges -
https://millionbridges.com/ RevoluPAY USA MSB License -
https://docdro.id/gDc85Wc PSD2 EU Passporting -
https://tinyurl.com/yeywhvzz
About RevoluPAY®
The Company's flagship Neobanking technology is
RevoluPAY®, the Apple and Android multinational payment app.
Conceived entirely in-house, RevoluPAY features proprietary,
sector-specific technology of which the resulting source code is
the Company's intellectual property. RevoluPAY's built-in features
include Remittance Payments, Forex, Crypto-to-fiat exchange, Retail
and Hospitality payments, Real Estate Payments, pay-as-you-go phone
top-ups, Gift Cards & Online Credits, Utility Bill payments,
Gaming Credits, Leisure payments, Travel Payments, etc. RevoluPAY
is aimed squarely at the worldwide multi-billion dollar Open
Banking sector, cross-border forex payments, and + $595 billion
family remittance market. RevoluPAY® is operated by the European
wholly-owned subsidiary RevoluPAY EP S.L situated in Barcelona.
RevoluPAY is a licensed United States MSB, Canadian FINTRAC, and
European PSD2 payment institution 6900 under the auspices of E.U.
Directive 2015/2366 with E.U. 27 Country Passporting and official
issuer of Visa® Cards and
authorized Visa® Affiliate Member.
RevoluGROUP Canada Inc. controls five wholly-owned subsidiaries on
four continents.
About RevoluGROUP
Canada Inc.:
RevoluGROUP Canada Inc. is a multi-asset,
multidivisional, publicly traded Canadian Company deploying
advanced technologies in; Banking, Mobile Apps, Money Remittance,
Cross-Border Forex Payments, Mobile Phone Top-Ups, EGaming,
Healthcare Payments, Esports, Invoice factoring, Online Travel,
Vacation Resort, Blockchain Systems, and Fintech app sectors. Click
here to read more.
For further information on RevoluGROUP Canada
Inc. (TSX-V: REVO), visit the Company's website at
www.RevoluGROUP.com. The Company has approximately 194,047,376
shares issued and outstanding.
RevoluGROUP Canada,
Inc.
"Steve Marshall" ______________________STEVE
MARSHALLCEO
For further information, contact:RevoluGROUP
Canada Inc.Telephone: (604) 332 5355Email: info@revolugroup.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES
OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance, and actual results or
developments may differ materially from those in the
forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change. Factors
that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and
financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for
further information.
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