VANCOUVER, BC / ACCESSWIRE / March 17, 2016 / NetCents Technology Inc. (CSE: NC) ("NetCents" or the "Company") is pleased to announce that it has entered into a Master Purchase Agreement ("Agreement") with DigitalX Limited ("DigitalX") effective March 17, 2016. DigitalX, an ASX listed company (ASX: DCC), is a blockchain-based software solution that develops services to disrupt the payments industry. This Agreement will provide NetCents with the capability to fulfill orders for blockchain-backed digital currencies, anywhere, anytime - regardless of transaction size.
"NetCents has developed a universal platform that is simplifying the way the world moves money. We want to empower the end user," commented Clayton Moore, CEO and Founder of NetCents. "By aligning NetCents with innovative companies such as DigitalX, we provide a seamless connection between consumers to their payment solutions and their currency of choice, worldwide. This Agreement is a great step for NetCents to penetrate the global market with new blockchain solutions and capitalize opportunities around the world."
NetCents offers users the unique opportunity to utilize the DigitalX Direct platform. This software is specifically designed to provide real-time, secure ordering to consumers and merchants, as well as Bitcoin liquidity to market participants. DigitalX is one of the largest repositories of digital currency, and through their fulfillment services, NetCents users can be guaranteed any value of Bitcoin, anytime and anywhere, and not be confined by exchange limitations.
NetCents believes that simplifying the conversion process of fiat to digital conversion will help facilitate consumer acceptance, as well as aid in the uptake of digital currencies in the global market.
About DigitalX
DigitalX is an innovative, software solutions company that develops products and services that leverages Blockchain technology and the secure ledger system to enable payments globally. DigitalXDirect is software for the institutional market, providing Bitcoin liquidity to market participants.
About NetCents
NetCents is an online payments platform, offering consumers and merchants online services for managing electronic payments. NetCents works with its financial partners, mobile operators, exchanges, etc., to streamline the user experience of transacting online. The NetCents technology is integrated into the Automated Clearing House ("ACH") and accepts consumer deposits from 24 countries. This Agreement with DigitalX not only increases our market reach further, it also continues to ensure the consumers security and privacy, as well as enhancing their online experience, always keeping the philosophy for NetCents in mind: the freedom to choose to Pay. Your. Way.™
The Company has granted incentive stock options under its stock option plan to directors, officers and consultants of the company for the purchase of up to 2,120,000 common shares at a price of $0.25 cents per share for a period of ten years. This is the company's first issuance of stock options.
Further information about the Company it is available under its profile on the SEDAR website, www.sedar.com, on the CSE website www.thecse.com, on our website 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.
ClaytonMoore, Founder/CEO
NetCents Technology Inc.
Suite 1500, 885 West Georgia Street
Vancouver, British Columbia V6C 3E8
The Canadian Securities Exchange has neither approved nor disapproved of the contents of this press release. Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.
