VANCOUVER, British Columbia, April 26, 2018 (GLOBE NEWSWIRE) -- GAR Limited. d/b/a/ Netcoins (“NETC” or the "Company") (CSE:NETC) is pleased to announce that it has signed a definitive agreement to launch in Australia via Flexepin. Netcoins already has distribution to 3,500 stores in Canada via Flexepin, and will be active in 7,500 more locations throughout the continent of Australia by early May.
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. Netcoins tested the Australia market with Flexepin in 2016, and now following the success we are achieving in Canada with daily transactions, we are launching in Australia in local currency (AUD).
“To continue to maximize revenues, Netcoins must keep bringing purchase locations closer to consumers throughout the world. Flexepin has been a valuable revenue contributor and partner in Canada, and we are excited to enable Australians to purchase Bitcoin via Netcoins,” said Netcoins CEO, Mark Binns. “24 million Australians will have easier access to crypto thanks to Netcoins, overcoming the numerous challenges of online exchanges and traditional (non-virtual) Bitcoin ATM machines. We look forward to accessing more international markets with Flexepin in the coming months as well.”
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.
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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.