VANCOUVER, BC, April 30, 2023 (GLOBE NEWSWIRE) — RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2), (Munich: A2PU92), (the “Company”), announced RevoluGROUP Canada Inc. announced today that its President and Chairman, James G. Pettit, is resigning from his position effective immediately due to health reasons.
James G. Pettit has been an integral part of RevoluGROUP for many years, leading the company with distinction and guiding it through its transition from a mining issuer to a central bank licensed fintech company. The Board extends its deepest thanks to James G. Pettit for his outstanding leadership, dedication and commitment to the company.
The Board expects to appoint a new President and Chairman of RevoluGROUP during an upcoming board meeting.
The company wishes James G. Pettit a full and speedy recovery and wishes him and his family all the best during this time.
About RevoluPAY®
The company’s flagship neobanking technology is RevoluPAY®, the multinational Apple and Android payments app. Developed entirely in-house, RevoluPAY features proprietary, industry-specific technology, the resulting source code of which is the intellectual property of the company. RevoluPAY’s built-in features include wire transfer payments, forex, crypto-to-fiat exchanges, retail and hospitality payments, real estate payments, pay-as-you-go phone top-ups, gift cards and online balance, utility bills, gaming loans, leisure payments , travel payments, etc. RevoluPAY directly addresses the multi-billion dollar global open banking sector, cross-border FX payments and the $595+ billion family remittances market. RevoluPAY® is operated by the European wholly owned subsidiary RevoluPAY EP SL based in Barcelona. RevoluPAY is a licensed US MSB, Canadian FINTRAC and European PSD2 Payment Institution 6900 under the auspices of EU Directive 2015/2366 with EU-27 country passport and is an Official Visa® Card Issuer and Authorized Affiliate Member of Visa® . RevoluGROUP Canada Inc. controls five wholly owned subsidiaries on four continents.
About RevoluGROUP Canada Inc.:
RevoluGROUP Canada Inc. is a Canadian, publicly traded, multi-asset, multi-divisional company utilizing advanced technologies in the following areas: Banking, Mobile Apps, Money Transfers, Cross-Border FX Payments, Cell Phone Top-up, E-Gaming, Healthcare Payments, Esports, Bill Factoring , online travel, vacation spots, blockchain systems and fintech app sectors. Click here to read more.
For more information about RevoluGROUP Canada Inc. (TSX-V: REVO), please visit the company’s website at www.RevoluGROUP.com. The Company has approximately 193,585,376 shares issued and outstanding.
RevoluGROUP Canada, Inc.
“Steve Marshall”
______________________
STEVE MARSHALL
CEO
For more information contact:
RevoluGROUP Canada Inc.
Telephone: (604) 332 5355
Email: [email protected]
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NOTICE.
This press release contains certain statements that may be deemed “forward-looking statements.” All statements in this press release, other than statements of historical fact, that address events or developments that management of the Company expects are forward-looking statements. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those contained in the forward-looking statements include market prices, exploration and development achievements, the continued availability of capital and financing, and general economic, market or business conditions. For more information, see the Company’s public filings at www.sedar.com.
Copyright 2023 GlobeNewswire, Inc.