GoverMedia Plus Canada Corp. (CSE:MPLS), is pleased to announce the following business updates and milestones:
As of mid-September, the number of registered users on the GoverMedia platform reached approx. 270,000. The Company has set the target of reaching 1.0 million users in the next 12 months.
GoverMedia has signed a letter of intent with Cocos Group – an intermediary platform providing innovative solutions for cooperation between producers and traders in the fashion world, located in Israel – for joint e-commerce and promotion activities in their respective platforms.
The Company has signed an agreement with the Russian commercial bank AkBars Bank allowing GoverMedia’s users the possibility to open bank accounts at attractive terms. AkBars Bank is one of the largest banks based on asset size in the Russian Federation.
GoverMedia participated in the Russian-Chinese intergovernmental delegation in the People’s Republic of China at the beginning of Sept. where advanced discussions were conducted with the top management of Chinese companies. These included iFLYTEK CO, where an agreement was reached to draft a plan for potential cooperation.
Roland Bopp, CEO, commented: “Besides expanding the user base exponentially in the Russian speaking countries, GoverMedia’s strategic objective is to grow the user base in rapidly growing key markets outside the Russian speaking countries. Based upon market assessments conducted by independent third parties, we expect the e-commerce cross-border transaction volume between the Russian speaking countries and China and Israel to grow rapidly. We are pleased to have initiated these discussions with major companies in China as we see a fast user growth between these two large economies. We also signed an LoI with the Israeli fashion company, Cocos Group. GoverMedia Plus is on track to reach its objectives of 1.0 million within the next 12 months”.
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.
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.