First Global Provides Corporate Update

First Global Data (TSXV:FGD) has provided a corporate update.
As quoted in the press release:

The Company has recently achieved the following milestones:

• Launched services in India which is world’s 2nd largest smartphone market (370 million mobile internet users) with Vijaya Bank that has 14 million active users.

• Balance sheet clean-up via debt conversion, and debt forgiveness.

• Delivered 3rd consecutive profitable quarter.

• Closed a $3 millionPrivate Placement that will enable the company to hire new talent to increase the pace of technology deployments and sales, and further deployment into international markets.

• Appointed Douglas Smith, former Assistant Secretary of U.S. Homeland Security, to the Board of Directors.

Click here for the full text release.