VANCOUVER, British Columbia, Oct. 04, 2018 (GLOBE NEWSWIRE) -- Netcoins Holdings Inc. (“NETC” or the "Company") (CSE: NETC) (OTC: GARLF) is pleased to announce that it has completed over CAD $21 million in transactional revenue during fiscal 2018 Q3. This represents a 400%+ gain over 2018 Q2 revenues. Netcoins also set a monthly transactional revenue record in the month of September exceeding CAD $8.7 million.
During 2018 Q3, Netcoins also listed 10 new alt coins, which paid between USD $25,000 to USD $37,500 per listing, to be added to the Netcoins platform. The ongoing expansion of our coin offerings, retail locations and crypto relationships continues to boost our ability to drive transactional revenues.
“Netcoins is executing very well on our growth plans. We have worked hard to add retail locations and OTC customers allowing us to experience significant revenue growth in Q3 and setting us up for the coming quarters very nicely,” says Netcoins CEO, Mark Binns. “With our upcoming expansion to 170,000 retail locations, expansion into the USA, plus working to bring our custody and brokerage businesses online, we expect our growth and revenue streams to continue to accelerate. We look forward to providing further updated as milestones are achieved.”
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 accessible globally.
ON BEHALF OF THE BOARD OF DIRECTORS
“Mark Binns”
Mark Binns
CEO and Director
For Investor Relations Inquiries please contact Skanderbeg Capital Advisors at 604 687 7130 or email ir@gonetcoins.com
The CSE does not accept responsibility for the adequacy or accuracy of this release.
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.