VANCOUVER, BC / ACCESSWIRE / March 9, 2016 / NetCents Technology Inc. (CSE: NC) ("NetCents" or the "Company") is pleased to provide a shareholder update about the Company and its recent developments.
NetCents commenced trading on the Canadian Securities Exchange on March 9, 2016, under the trading symbol "NC".
NetCents is developing a universal processing platform that works with its financial partners, mobile operators and exchanges to streamline the money movement process and user experience of transacting online. NetCents users are able to seamlessly transfer traditional fiat currency to any type of digital currency through a multitude of different verticals.
Through an agreement with the Royal Bank of Canada ("RBC", "Royal Bank"), NetCents utilizes the services of the Automated Clearing House ("ACH") which connects NetCents to every major Bank and Credit Union in Canada. This enables NetCents to process large volumes of credit and debit transactions such as direct deposit, payroll and vendor payments. The ACH Network processes almost $39 trillion worth of transactions and 22 billion electronic financial transactions each year (source: https://www.nacha.org/ach-network.).
Clayton Moore Founder & CEO of NetCents stated, "The last number of months has seen substantive changes to NetCents. Our goal is to evolve our platform from a simple payment processor to one which will have the capabilities to deliver payment options and money transferring capabilities on a global basis." Moore further added, "NetCents has an aggressive plan to set itself as a leader in the Payments Technology space. We believe that the NetCents ecosystem has the potential for significant growth across numerous verticals in a very user friendly environment."
The NetCents business model, which utilizes both proprietary technology and white label partnerships, positions the company to capitalize on the evolving dynamics of the high-growth areas such as Payment Services, Money Transfer, Foreign Exchange, Loyalty & Rewards, and Digital Advertising.
NetCents' innovative and unique interface and exchange partnerships enable NetCents users to buy, sell, trade, transfer or convert any digital currency in real time all within the NetCents environment. Through an aggressive market rollout directed at Millennials and early adopters in other demographics, transactions growth will be attained through organic growth and M&A's as NetCents will continue to add new & innovative ideas and services to the NetCents platform.
NetCents meets the standards of all compliance and regulatory bodies such as: the Canadian Payment Association ("the CPA"), National Automated Clearing House Association ("NACHA") as well as the rules and standards which govern "Know-Your-Customer" requirements, Anti-Money Laundering Laws and Anti-Terrorism.
Gordon Jessop, President and Director of NetCents says "NetCents has achieved substantive progress as we implement plans to create and capture shareholder value. To that end, we are pursuing an expansive growth and rollout program that leverages our integrated platform while capitalizing on our diverse opportunities around the world. We expect the next six months to mark a major inflection point in our growth." Mr. Jessop closed off by saying, "Our Team is very pleased to be taking this next step with all of our shareholders as we embark into the public sector with significant upcoming news that will highlight some of the exciting new developments to the company, our services and our platform."
For more information, please visit the corporate website at www.netcents.biz or contact Robert Meister, Capital Markets at Ph: 604.676.5248 or email: Robert.meister@net-cents.com.
On Behalf of the Board of Directors
NetCents Technology Inc.
"Clayton Moore"
Clayton Moore, CEO, Founder and Director
NetCents Technology Inc.
Suite 1500, 885 West Georgia Street
Vancouver, British Columbia V6C 3E8
Cautionary Note Regarding Forward Looking Information
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Although the Company 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
SOURCE: NetCents Technology Inc.
