NetCents Opens up Asian Market with New Advisor

 

VANCOUVER, B.C., April 30, 2020 - NetCents Technology Inc. (“NetCents” or the “Company") (CSE: NC / Frankfurt: 26N / OTCQB: NTTCF), a disruptive cryptocurrency payments technologies company, is pleased to announce the addition of Wang Qin to its Advisory Board.

 

Mr. Wang has 30-years of venture capital and private equity investment, executive management, and consulting experience in the broader information and technology industry as well as resource, energy, and cleantech industries, in China, Canada, and Japan.

 

"This addition to our team rounds out the footprint of the Advisory Board providing NetCents global reach and exposure,” stated Clayton Moore, Founder and CEO NetCents Technology. “The first task for our Advisory Board is to develop clients for our white-label banking suite. With the team we have put together, we have entry to many financial institutions around the world. NewMargin has one of the top track records in venture capital globally, and we are lucky to be associated with such a forward-thinking team. We are proud to communicate that NewMargin Capital Management is a now also a shareholder of NetCents.”

 

NetCents has targeted opportunities in Asia due to the deeper penetration of cryptocurrency within the Asian financial infrastructure than is found in North America or Europe. For NetCents to monetize its technologies fully, it needs significant representation in the Asian market. Now, with the addition of Mr. Wang to the Advisory Board, the Company has this representation. Qin’s experience and reputation will be able to represent NetCents on any level.

 

"Before I agreed to join, I analyzed what NetCents offers market participants in Asia, and I concluded they have a distinct advantage in their user interface and experience,” added Mr. Wang. “I'm looking forward to assisting NetCents to gain market share by making appropriate introductions for the Company by leveraging my experience at NewMargin and Ceyuan.”

 

Mr. Wang has been a Managing Partner of NewMargin Ventures and Ceyuan Ventures, prominent private equity funds management companies in China, for over ten years. Prior, Mr. Wang was involved in managing US dollar-based investment funds, including a 100 million USD VC funds and a 300 million USD growth funds investing in Chinese internet and technology companies, such as PPStream (acquired by IQIYI, IQ listed on NASDAQ), Kugou (acquired by Tencent Music, TME listed on NYSE), Xunlei (XNET listed on NASDAQ), UCWeb (acquired by Alibaba), as well as gold mining companies including Pretium Resources (listed on NYSE and TSX).