Netcoins Provides Transactional Revenue Update
GAR Limited. d/b/a/ Netcoins (“NETC” or the "Company") (CSE: NETC)(OTC: GARLF) is pleased to announce that it has completed $1 million in transactions in a single day. As a revenue focused company, this is another very significant accomplishment in our evolution.
From a modest start of $33,000 worth of transactions in a month in January 2017 to now completing $1 million in a single day, the growth trajectory of Netcoins continues to increase. Further, in July Netcoins has exceeded $3.3 million in transactions in the first 9 business days. Netcoins also received a $25k USD listing fee for Komodo in July.
“From $33,000 in a month, to over $14 million in 2017, and now our first $1 million of transactions in a single day, we continue to execute and deliver on our growth goals and strategy,” said Netcoins CEO, Mark Binns. “Our retail business is driving revenue and enabling coin listing revenues while our OTC business is quickly becoming a driving force of our business. Our OTC target customer base includes crypto miners, crypto hedge fund managers, crypto brokers, high net worth individuals and so called “crypto whales” who need a fast, convenience and trustworthy way to buy and sell large amounts of crypto - and they are turning to Netcoins to fulfil this need. As a public company that is audited and regulated, we represent a safe and secure option for institutional clients while also being fast and nimble, which is highly valued in the quickly moving crypto space. We will also issue ongoing revenue updates as new milestones are reached in real time.”
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 21,000+ retail locations in Canada, Europe and Australia and an Over-The-Counter (OTC) trading desk.
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.