VANCOUVER, British Columbia, May 30, 2018 (GLOBE NEWSWIRE) -- GAR Limited. d/b/a/ Netcoins (“NETC” or the "Company") (CSE:NETC) is pleased to announce their signed agreement with GATEWAY Newstands, operator of over 500 newstands globally, to install Netcoins software at 10 locations in BC, Alberta and Manitoba, commencing on June 4, 2018. Focused in high traffic urban areas across Western Canada, GATEWAY Newstands will use Netcoins software enabling consumers to purchase Bitcoin in our traditional fast, convenient and easy way.
Following a successful rollout at these locations, Netcoins expects to expand the relationship across Canada and throughout more GATEWAY locations globally.
“From a growing network of individual stores, GATEWAY represents our first corporate chain deal - showing that there is significant interest from retail operators with large networks of stores. Every store added to the network helps grow our transaction base, and adding retail chains gives us great leverage on our sales efforts where 1 deal opens many locations,” said Netcoins CEO, Mark Binns. ”This is another key step in our evolution as we enable our distributed exchange model. GATEWAY sees the value as a reseller partner - incremental revenue on Bitcoin sales, plus more foot traffic buying their mainline products as they become a Bitcoin destination. Since Netcoins software is free, it is all upside for retail partners that join the Netcoins family.”
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
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.