Breaking #Blockchain Stock News: GoverMedia Plus Canada Corp. (CSE: MPLS) (FSE: 48G) (WKN: A2JF6W) Announces Commercial Updates and Progress
VANCOUVER - June 27, 2018 (Investorideas.com Newswire) GoverMedia Plus Canada Corp. (CSE: MPLS) (FSE: 48G) (WKN: A2JF6W) ("GoverMedia" or the "Company"), is pleased to announce today the following commercial and business updates:
- Registered active users on the Company's internet ecosystem reached 180,000 today from the 140,000 active users announced in May 15 th, 2018.
- The Company has established a strategic path to develop its business in China . In order to do so, GoverMedia has initiated discussions with two strategic business partners in China with the inention of closing a commercial partnership with them.
- GoverMedia established a fully owned U.S. subsidiary, Media Plus USA for the purpose of content distribution within the online North American markets.
GoverMedia recently held a presentation of its company during an economic visit to the Kazakhstan business community and state structures supporting small and medium-sized businesses and economic development of the Republic of Kazakhstan.
The purpose of the economic visit is to enter new markets and increase the presence in key Asian markets, as well as to expand trade and business opportunities for existing users of the platform. Kazakhstan is a major logistical hub between Russia and China. Therefore, the partnership with Kazakhstan is a strategically important step in the growth path towards the Chinese markets.
Finally, after the signed agreement with Riga Chamber of Commerce in Latvia, the Company began creating the working group «GoverMedia Plus-Latvia-China» on building trade relations.
CEO, Roland J. Bopp commented: "It has always been our ambition to expand globally. In just a few months, we have established our commercial footprint in the entry points of three strategic geographic targets: Europe (through the LOI with the Latvian Chamber of Commerce), North America (through the establishment of Media Plus USA), China (through business development in Kazakhstan and strategic relationships with our Chinese partners). Considering our fast user growth as well as the opportunities in cross-border e-trade within these regions, we are confident these developments will provide additional revenue streams, actionable at a very short horizon. I am very excited by our recent growth and it reminds me of my prior Executive experience at Deutsche Telecom during its rapid growth period."
About GoverMedia Plus Canada Corp.
GoverMedia Plus Canada Corp. is a Canadian holding company with a fully owned Russian technology subsidiary. GoverMedia has developed a fully operational state of the art internet platform offering all-inclusive online services such as, e-commerce, social media, multimedia, corporate auctions, corporate database, messaging platform and crowdfunding services. We believe the GoverMedia platform is the first and only internet platform offering such a wide range of online services accessible via only one account. The Company’s management and advisors have extensive expertise in the Telecommunications, High-Technology, Corporate Development and Finance fields. http://www.gm.plus and http://www.govermedia.plus.
For further information, please contact:
Roland J. Bopp
President and CEO
This press release is not an offer of securities of the Company for sale in the United States. The Common Shares of the Company may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the U.S. Securities Act"), or an exemption from such registration. The Common Shares have not been and will not be publicly offered in the United States. The Common Shares have not been and will not be registered under the U.S. Securities Act or any state securities laws.
Cautionary Note Regarding Forward-Looking Statements
The statements made in this press release may contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of GoverMedia. The words "will", "may", "anticipate", "intend", "plan" and similar words and expressions are used to identify forward-looking information. These statements include that the Company will resume trading on the CSE. The actual results of the specific items described in this release, and the Company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of GoverMedia's management as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, GoverMedia's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of GoverMedia. GoverMedia disclaims any obligation to update information contained in any forward-looking statement unless required by applicable securities laws.
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