Netcoins sets CAD $4.5 Million Single Transaction Record
VANCOUVER, British Columbia, Nov. 27, 2018 (GLOBE NEWSWIRE) — Netcoins Holdings Inc. (“NETC” or the “Company“) (CSE: NETC) (OTC: GARLF) (WKN: 1WJ) is pleased to announce that it has completed its largest single transaction to date, valued at over CAD $4.5 million.
In July 2018, Netcoins completed its first $1 million day and then first $2 million day in Canada. Netcoins then accomplished a $4 million day in September, again in Canada, while continuing to expand services into the US and globally, including Europe. Netcoins also completed a $2M day earlier in November in European transactions.
“Despite the bear crypto market that is upon us, Netcoins continues to grow our top line transactional revenue number. Q4, to date, is on track to be our best transactional revenue quarter in company history despite the recent market turmoil and Bitcoin price depreciation,” says Netcoins CEO, Mark Binns. “We have built our business on transactions and volume in the crypto market place, not the value of any underlying crypto asset. Volatility in the market, creating buying and selling volume, supports our business. We look forward to providing more updates as we continue to hit new milestones.”
About the Company
The Company is in the business of developing software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor through brokerage services. Netcoins enables crypto transactions via 171,000+ retail locations globally and an Over-The-Counter (OTC) trading desk.
ON BEHALF OF THE BOARD OF DIRECTORS
CEO and Director
For Investor Relations Inquiries please contact Netcoins at 778.785.1175 or email ir@goNetcoins.com.
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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.