Mr. Andre Itwaru reports

FIRST GLOBAL ADDS NEW STATE LICENSE AND 15 COUNTRIES TO DISTRIBUTION NETWORK

First Global Data Ltd. has added one new U.S. state licence and 15 new countries to its distribution network from Canada.

The company has obtained a new money transmission licence for the state of New Mexico. New Mexico has a population of approximately two million people, of which it is estimated that 46 per cent is of Latin American heritage. The population of New Mexico is also diversifying with Asians being one of the faster-growing demographics in that state.

The company has also added 15 countries to its Canadian distribution network for international payments/remittances. These include: Argentina, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru and Uruguay.

These countries combined receive approximately $60-billion (U.S.) annually in remittances. For example, Mexico is the fourth-largest remittance recipient country in the world with approximately $27-billion (U.S.) annually, behind India with approximately $72-billion (U.S.) annually, China with approximately $60-billion (U.S.) annually and the Philippines with approximately $30-billion (U.S.) annually.

"The addition of the New Mexico State licence is a significant step toward our objective of having total U.S. state licence coverage. We expect to have more licences granted in the near term and will announce accordingly. These licences are an integral part of First Global's going-forward strategy as they lay the foundation for the global strategic business we anticipate implementing this year. We have been experiencing strong month-over-month growth in our Canadian cross-border payment business, and these 15 countries will contribute significantly to our overall growth objectives," said Andre Itwaru, chairman and chief executive officer of First Global.

About First Global Data Ltd.

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, shopping, peer-to-peer (P2P), business-to-consumer (B2C) and business-to-business (B2B) payments.

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