Mr. Andre Itwaru reports

FIRST GLOBAL ELABORATES ON THEIR FINTECH REMITTANCE BUSINESS MODEL

First Global Data Ltd. would like to elaborate on the recent deal with LianLian Pay.

The company believes this is the world's first social messaging multi-integrated remittance platform whereby social converges on financial technology in the flow of cross-border money.

Marketing: LianLian is committing millions of dollars in the initial phase.

Aside from LianLian's 100 million users for remittance penetration, there will be significant e-commerce revenue opportunities for businesses buying from China and utilizing the interconnected fintech environment created within the WeChat messaging app.

It is estimated that the average remittance amount from North America to China is $2,500 per month as outbound remittance.

There is a revenue share consideration with LianLian for the estimated 1-per-cent foreign exchange spread on the $2,500-per-month average remittance, in addition to a shared remittance fee per transaction.

The goal is to ramp up to a 1-per-cent penetration factor of the 100 million registered users in an accelerated sales cycle.

The potential revenue numerics based on marketing initiatives are considerable; however, the company is not in a position to publish forward-looking sales thresholds but is relying on hypothetical considerations based on marketing and conversion efforts.

Andre Itwaru, the company's chairman and chief executive officer, commented: "The recently announced deal with LianLian's 100 million plus registered users and the leveraging of the WeChat platform for international remittance is a game changer for First Global. As investors are aware, it is difficult to quantify the value of a deal of this magnitude. It is our measured opinion this deal sets the stage for turbocharged revenue growth. We continue to accelerate our licensing issuance in the U.S. so we may capitalize on numerous presented opportunities."

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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