NetCents Opens up Asian Market with New Advisor - Seite 2

 

In recent years, Mr. Wang has focused on managing RMB based Chinese funds, including a 3 billion RMB resource funds investing in mining and energy companies in China, and a 600 million RMB new energy and cleantech funds investing in lithium battery-related resource and material companies in China. He currently serves on the Board of Directors for several of the funds' portfolio companies.

 

Before joining NewMargin Ventures and Ceyuan Ventures, Mr. Wang was a principal of LG Investment Ventures. In 2000, he founded and managed an IT consulting firm and mandarin language school in Shanghai. He spent the next ten years working for CGI Group in Canada and Nippon Life Insurance Company in Japan. Through this experience, Mr. Wang accumulated practical knowledge of business analysis, corporate finance, and management implementation, as well as a strong business network.

 

The Company would like to announce that it has issued 4,964,497 units for gross proceeds of $1,390,059. Each unit comprises one common share of the company and one share purchase warrant, priced at $0.70, with a two-year term. The Company paid commissions of $9,310 and issued 2,000 Agent Warrants with the same terms as the warrants in the private placement.

 

NetCents is building a financial ecosystem which provides:

-          Exchange services for cryptocurrencies

-          Touchless consumer payments and merchant processing using cryptocurrency with software embedded in 5.6% of worldwide terminals

-          Credit card products that are cryptocurrency enabled

-          Fixed income products for individual investors

-          Invoicing and payment for SaaS and PaaS (software as a service and platform as a service) companies

-          White-label commercial banking solutions as a service for traditional banks

 

Management will continue to provide updates regarding new developments as they occur.

 

To learn more about NewMargin:

http://www.newmargin.com/en/