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First Global Provides Corporate Update

Emma Harwood
Dec. 09, 2016 08:47AM PST
Emerging Technology Investing

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 …

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 million Private 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.

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