VANCOUVER, British Columbia, May 15, 2018 (GLOBE NEWSWIRE) -- GAR Limited d/b/a/ Netcoins (“NETC” or the "Company") (CSE:NETC) is pleased to announce that it has expanded its relationship with Flexepin and launched in Cyprus, Greece and Romania. Flexepin is now available at 900 locations in Cyprus, 1,800 locations in Greece and 5,500 shops in Romania. These locations are in addition to the current Flexepin distribution to 3,500 stores in Canada and 7,500 in Australia, resulting in an aggregate of over 19,000 locations.
The Flexepin system allows a consumer or investor to buy a voucher at retail partner locations, such as convenience stores and gas stations, and redeem the voucher via Netcoins for Bitcoin.
“As we continue on our mission to bring crypto to the masses, it is great to open up Europe to a much wider buying audience for Netcoins with Flexepin,” said Netcoins CEO, Mark Binns. “Step-by-step, we are giving more people around the world an easy way to buy cryptocurrency from physical locations near them with trusted retailers.”
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 and selling in large quantities.
ON BEHALF OF THE BOARD OF DIRECTORS
CEO and Director
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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.