NETCOINS hires Mitchell Demeter as VP Partnerships and Business Development
19 3월 2018 - 9:00PM
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION
TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED
STATES
GAR Limited. d/b/a Netcoins Holding Corp.
(“
Netcoins” or the "
Company")
(CSE:NETC) is pleased to announce the hiring of Mr. Mitchell
Demeter as Vice President of Partnerships and Business Development
to take the lead on sourcing and establishing long-term strategic
relationships for Netcoins.
Mr. Demeter is a serial entrepreneur with a vast
range of experience. Mr. Demeter is an expert at building
strategic relationships and recognizing profitable opportunities
early. Mr. Demeter is a pioneering figure in the digital currency
industry. He brought the world its first Bitcoin ATM and first
physical Bitcoin brokerage 2013, along with Jackson Warren. Mr.
Demeter was also the Co-Founder of one of Canada’s first
cryptocurrency exchanges, responsible for Business Development,
where he established several key global relationships and deep
market liquidity.
Mark Binns, President & CEO states, “Hiring
Mitchell is a huge win for Netcoins. He started the global Bitcoin
ATM industry right here in Vancouver in 2013, and went on to
establish global locations in London, Singapore, Bucharest and
Tokyo. He understands the crypto ATM business as well as anyone on
the planet - and will guide Netcoins, using our highly scalable
virtual ATM product, towards high value opportunities and
partnerships. Mitchell’s experience and global network is
invaluable to us.”
In addition, further to the news release dated
March 15, 2018 announcing the Skanderbeg Capital Advisors
(“Skanderbeg”) as investor relations consultants, the Company
wishes to clarify that Skanderbeg will be receiving compensation of
$7,500 per month for a 12-month period, the contract is renewable
at the option of the Company, and was also granted 250,000 stock
options. The options have an exercise price of $0.35 per
share and are exercisable for a period of five years unless
terminated pursuant to the terms of the Option Plan. The
options vest 25% immediately and 25% every six months for 18
months.
About the Company
The Company is in the business of developing
software to better facilitate the purchase and sale of bitcoin for
end-users. Netcoins enables the sale of bitcoin through its
software at retail outlets, through individual agents and directly
to clients purchasing in large quantities.
ON BEHALF OF THE BOARD OF DIRECTORS
“Mark Binns”
Mark BinnsCEO and Director
For Investor Relations Inquiries please contact Skanderbeg
Capital Advisors at 604 687 7130 or
email mario@skanderbegcapital.com
The CSE does not accept responsibility
for the adequacy or accuracy of this release.
Cautionary Statement Regarding
“Forward-Looking” Information
This information release contains certain
forward-looking information. Such information involves known and
unknown risks, uncertainties and other factors that may cause
actual results, performance or achievements to be materially
different from those implied by statements herein, and therefore
these statements should not be read as guarantees of future
performance or results. All forward-looking statements are based on
the Company's current beliefs as well as assumptions made by and
information currently available to it as well as other factors.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. Due to risks and uncertainties, including the risks
and uncertainties identified by the Company in its public
securities filings, actual events may differ materially from
current expectations. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Net Servicos de Comunicacao S.A. ADS Each Representing One Preferred Share (MM) (NASDAQ:NETC)
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Net Servicos de Comunicacao S.A. ADS Each Representing One Preferred Share (MM) (NASDAQ:NETC)
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