Globalive Technology Reports Q3 2018 Results

Globalive Technology (TSXV:LIVE) has announced its financial results for Q3 ended September 30.

As quoted in the press release:

“We continue to make great strides developing the technologies and the partnerships we believe will drive significant revenue opportunities for our shareholders,” said Anthony Lacavera, the Company’s founder and Chief Executive Officer. “I’m excited by our progress to date and confident in the future of our company.”

For a summary of the financial results, see the Selected Q3 Financial Highlights set out below as well as more detailed information contained in the Company’s interim financial statements and related management discussion and analysis quarterly highlights which are available on the Company’s SEDAR page at www.sedar.com.

SELECTED Q3 OPERATIONAL HIGHLIGHTS

Key milestones and operational developments for the Company in its third quarter include:

• Senior Secured Debentures (2629331 Ontario Inc.): Following the end of the third quarter, on October 10, 2018 and November 9, 2018, the Company acquired senior secured convertible debentures of 2629331 Ontario Inc. (“262 Ontario“) in the aggregate principal amount of $7,500,000. 262 Ontario holds 41.4% of the equity and 51% of the voting securities of Wellspring Holding Corporation, the parent of Flexiti Financial Inc. (“Flexiti”), a collaborator and financial technology lender offering technology-enabled instant credit approvals at the point-of-sale for big-ticket retailers.

Click here to read the full press release.