12:23:58 EST Tue 21 Nov 2017
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First Global Data Ltd
Symbol C : FGD
Shares Issued 148,131,442
Close 2016-12-07 C$ 0.32
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First Global Data appoints Smith as director

2016-12-07 14:08 ET - News Release

Mr. Andre Itwaru reports

FIRST GLOBAL ANNOUNCES APPOINTMENT OF DOUGLAS SMITH TO THE BOARD OF DIRECTORS AND GRANTING OF OPTIONS

First Global Data Ltd. has appointed Douglas Smith, former assistant secretary of the U.S. Department of Homeland Security (DHS), to its board of directors and to the board of directors of its U.S. subsidiary, First Global Money Inc.

"It is indeed a privilege to be appointed to the board of First Global to help lead the fintech revolution currently taking place. It is my intent to reach deep into my Rolodex to create opportunities globally and to maximize First Global's world-class mobile payment technology as we cut a wide swath across the payments landscape," said Mr. Smith.

"We are delighted that Douglas has agreed to join our board. I have worked closely with Douglas over the past few months and know that he will be a huge contributor as we take First Global to the next levels of our growth strategy," said Andre Itwaru, the company's chairman and chief executive officer.

About Mr. Smith

Mr. Smith has spent the last 25 years serving at the highest levels of government in national security and the private sector, and is a serial entrepreneur having helped start numerous companies. Mr. Smith is currently a managing director for Kent Strategies, a strategic consulting firm, where he leads the firm's engagements with national security work and international governments. Mr. Smith brings to Kent over two decades of global experience in government relations, business development, communications, coalition building, public policy, and creating and managing public-private partnerships among federal, state and local governments, and private industry. He has managed large-scale special projects and initiatives both within and outside of government.

Prior to joining Kent Strategies, Mr. Smith was the executive vice-president and general manager for MWW PR, a leading international public relations and new media firm, where he managed the Washington office and was the primary client engagement manager for some of MWW's most iconic Fortune 100 clients.

Before joining MWW, Mr. Smith was appointed by President Barack Obama to serve as the assistant secretary for the private sector at the U.S. Department of Homeland Security. In this role, Mr. Smith advised the secretary on the impact of the department's policies, regulations and processes globally on millions of private sector companies, universities and not-for-profit institutions. Mr. Smith was responsible for co-ordinating seamless private sector engagement across all 22 of DHS's divisions including the U.S. Secret Service, the U.S. Coast Guard, the U.S. Customs and Border Protection, and the U.S. Immigration and Customs Enforcement.

Mr. Smith served as the department's representative on the president's travel and tourism advisory and export promotion boards, the White House Business Council, the president's job council and the World Economic Forum's risk officers community. Under his leadership, the office has dramatically expanded its global footprint resulting in Mr. Smith leading delegations throughout the United States and to over 20 countries in support of strengthening the global supply chain and promoting the department's position of global security equalling economic security. In the wake of the 2010 earthquake in Haiti, and the 2011 earthquake and tsunami in Japan, Mr. Smith headed an interagency team co-ordinating emergency response and supporting international commerce to keep the global supply chain moving.

Prior to his appointment at DHS, Mr. Smith was the managing partner of T Street Partners, where he provided clients ranging from Fortune 100 companies to philanthropic and not-for-profit organizations with strategic counsel and public affairs consulting. During his time with T Street, Mr. Smith successfully managed the winning campaign for the City of Chicago to be the U.S. designate city for the 2016 Olympics.

Mr. Smith came to T Street Partners from Leo Burnett Worldwide, where, as a vice-president and account manager, he managed the then-new Army of One public relations/public affairs account for the U.S. Army.

During the Clinton-Gore administration, Mr. Smith served in a variety of positions including as deputy press secretary as well as director of special projects for secretary Andrew Cuomo at the U.S. Department of Housing and Urban Development and then as the travelling press secretary for secretary Rodney Slater at the U.S. Department of Transportation. He was also responsible for helping to manage the 50th anniversary of the North Atlantic Treaty Organization in Washington.

Mr. Smith began his career in Thailand where he started an import/export company and was a frequent contributing author to Thai business magazines.

Mr. Smith is a graduate of Beloit College where he received a bachelor's degree in international relations and Asian studies. While at Beloit, he also earned a degree from the School for International Training in Chiang Mai, Thailand.

Mr. Smith is a frequent public speaker both domestically and internationally, and regularly appears on national television as an expert on national security and managing crisis. A lifetime dog lover, he currently serves on the board of FidoTV, a new television start-up.

Options program

The company would also like to announce it has granted two million stock options to Mr. Smith. One million options, which vest immediately, are exercisable at 45 cents, 500,000 options, which vest on the one-year anniversary of the grant date, are exercisable at 50 cents, and the remaining 500,000 options, which vest on the two-year anniversary of the grant date, are exercisable at 55 cents. Each option is exercisable at any time until Dec. 7, 2021.

In addition, the company would also like to announce it has granted 3.5 million stock options to CEO Mr. Itwaru and 3.5 million stock options to chief financial officer Nayeem Alli. For each, 1.5 million options, which vest immediately, are exercisable at 45 cents, one million options, which vest on the one-year anniversary of the grant date, are exercisable at 50 cents, and the remaining one million options, which vest on the two-year anniversary of the grant date, are exercisable at 55 cents. Each option is exercisable at any time until Dec. 7, 2021.

About First Global

First Global is an international financial services technology company. The company's two main lines of business are mobile payments and cross-border payments. First Global's proprietary leading-edge technology enables the convergence of compliant domestic and cross-border payments, money transfers, shopping, and peer-to-peer payments.

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