GoverMedia Plus Canada Corp. (CSE:MPLS)(“GoverMedia” or the “Company”), is pleased to announce that the Company has completed Phase I of the software development and implementation project for the previously announced Swiss Private Bank’s (the Client) internal communication system.
GoverMedia Plus Canada Corp. (CSE:MPLS)(“GoverMedia” or the “Company”), is pleased to announce that the Company has completed Phase I of the software development and implementation project for the previously announced Swiss Private Bank’s (the Client) internal communication system. GoverMedia Plus successfully completed the first phase of the project and GoverMedia Plus’ customer made a milestone payment of CAD$ 100,000.00 in Dec. last year. Additional payments of CAN$ 100,000.00 are expected once the next project phase is successfully completed.
Roland J. Bopp, CEO of GoverMedia, commented “We are very pleased to announce that GoverMedia Plus not only achieved the targeted registered user base of approx. 300.000 at the end of its first year of operation but also successfully completed the implementation of phase 1 of the software development project with our client. This commercial relationship represents the first break through in developing a successful software development activity within the Swiss private banking sector, considering the market’s demands and our developers’ expertise in communication and cryptography. Our current focus is to successfully finalize this solution within our client’s IT infrastructure. We are confident that additional revenue generating opportunities will emerge. GoverMedia Plus will pursue other software development and implementation projects in the European banking sector”.
About GoverMedia Plus Canada Corp.
GoverMedia Plus Canada Corp. is a Canadian holding company with a fully owned Russian technology subsidiary. GoverMedia has developed a fully operational state of the art internet platform offering all-inclusive online services such as e-commerce, social media, multimedia, corporate auctions, corporate database, messaging platform and crowdfunding services. We believe the GoverMedia platform is the first and only internet platform offering such a wide range of online services accessible via only one account. The Company’s management and advisors have extensive expertise in the telecommunications, high-technology, corporate development and finance fields. www.gm.plus and www.govermedia.plus.
For further information, please contact:
Roland J. Bopp
President and CEO
This press release is not an offer of securities of the Company for sale in the United States. The Common Shares of the Company may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the U.S. Securities Act”), or an exemption from such registration. The Common Shares have not been and will not be publicly offered in the United States. The Common Shares have not been and will not be registered under the U.S. Securities Act or any state securities laws.
Cautionary Note Regarding Forward-Looking Statements
The statements made in this press release may contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of GoverMedia. The words “will”, “may”, “anticipate”, “intend”, “plan” and similar words and expressions are used to identify forward-looking information. These statements include that the Company will resume trading on the CSE. The actual results of the specific items described in this release, and the Company’s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of GoverMedia’s management as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, GoverMedia’s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of GoverMedia. GoverMedia disclaims any obligation to update information contained in any forward-looking statement unless required by applicable securities laws.