Netcoins Surpasses $20 Million in Cumulative Transactions
17 4월 2018 - 1:23AM
GAR Limited. d/b/a/ Netcoins
(“
NETC” or the "
Company")
(CSE:NETC) is pleased to announce that it has now completed over
$20 million in Bitcoin, and Altcoin (Ethereum, Ripple, Bitcoin Cash
and Litecoin) transactions for its valued customers. Netcoins top
line revenue is measured as the purchase or sale of cryptocurrency
through our service, either via software or directly via private
brokerage.
From a modest start of approximately $33,000 in
total sales transactions in January 2017, Netcoins has
substantially scaled its business by adding retail locations,
private brokerage customers, and the ability to buy and sell
Altcoins directly. Netcoins continued expansion has culminated in
over $20 million in transactions to date.
“In the blockchain and cryptocurrency market,
Netcoins has taken a leadership position as a revenue generating
company. We have 3 years of history in product development, and
product market fit evaluation. With the addition of our sales and
marketing team in Q1 2018, combined with a hardened in-market
product and regular feature enhancements, we are in an ideal
position to continue growing our top-line revenues aggressively
this year,” said Netcoins CEO, Mark Binns. “Hitting the $20 million
mark is a great accomplishment, and also just the beginning. We are
actively working on opening new geographical markets, and
establishing partnerships for large distribution channels much like
VoPay has given us in Canada.”
About the CompanyThe 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 and selling in large
quantities.
ON BEHALF OF THE BOARD OF
DIRECTORS
Mark Binns, CEO 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” InformationThis 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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