First Global Signs MOU for Large Scale China Outreach Opportunity

First Global Data (TSXV:FGD) advises that it has signed a Memorandum of Understanding (MOU) for an opportunity to access a large user base that consists of approximately 100,000,000 loyalty card users and approximately 500,000 retail locations across China. In addition, the Company will have access to approximately 100,000,000 high school students through a Chinese association.
As quoted in the press release:

The nature of these dealings is highly confidential and accordingly the Company is not able to disclose the specific names of the companies involved at this time, though will do so as these initiatives are deployed. The Company is sensitive to not compromising the dealings at this stage.
Andre Itwaru, First Global’s Chairman and CEO adds, “The China trip was extremely successful and it was gratifying to see that there is a high demand for our technology, services and capabilities. This is the first of a number of opportunities we are able to share at this time. The FINTECH market in China has no equal on the global stage and we are capitalizing on the large user base of the largest Chinese enterprises as it relates to the use of our FINTECH technology.”

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