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NetCents Technology Inc
Symbol NC
Shares Issued 44,846,979
Close 2019-02-12 C$ 0.88
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NetCents to provide asset management system to Zomongo

2019-02-12 09:44 ET - News Release

Mr. Clayton Moore reports


NetCents Technology Inc. has entered into an agreement with Powered by Zomongo.

Zomongo is one of the fastest-growing digital networks in North America and is currently in more than 90,000 Zomongo merchant locations, 3.5 million hotel rooms and 22 major airports. Zomongo has a strong social presence, with over 600,000 followers. Zomongo's mission is to become the leader in this point-of-sale media by providing a fully managed, totally turnkey, digital signage, media/product dissemination and couponing solution.

As part of this agreement, Zomongo will use the NetCents asset management system (AMS) to be the underlying technology that manages its new reward token, MONGOrewards. The integration of the NetCents AMS will allow Zomongo to launch MONGOrewards to its current user base and expand on that in a very cost-effective manner.

"Our ultimate goal has always been to be, and provide, the underlying technology that enables cryptocurrency transactions to become mainstream by working with innovative companies like Zomongo," commented Clayton Moore, chief executive officer of NetCents Technology.

MONGOrewards will debut this year during the Daytona Speed Week, which includes the Daytona 500 on Feb. 17, 2019. The Daytona 500 is the pre-eminent NASCAR event of the year, with a track attendance exceeding 100,000 people and another 9.3 million people viewing across all platforms. At the event, Zomongo will have a large presence through its partnership with Norm Benning Racing.

After the launch at the Daytona 500 race week, Zomongo will be rolling out MONGOrewards to its network of over 90,000 merchants, millions of users, and upcoming NASCAR and other sporting events, with a key focus on bringing Zomongo and MONGOrewards to local communities. Zomongo has already started partnering with amateur athletes, car clubs and non-profit organizations. As part of the MONGOrewards rollout, Zomongo will be rewarding Verge Currency (XVG) users and merchants who sign up for a NetCents account through Zomongo to receive free MONGOrewards tokens.

"The Zomongo integration with NetCents is a natural one, as it marries the NetCents platform to Zomongo's powerhouse marketing efforts," commented Jarrett Ostrowski, senior executive and spokesperson of Powered by Zomongo. "Through the Zomongo app, the NetCents AMS will be the underlying technology to process all crypto transactions, giving merchants multiple new ways to engage with users, such as geo-linked rewards, access to exclusive events, augmented reality and gamification. This agreement is just the first step of the partnership on how we will work together to bring Zomongo, NetCents and crypto to the masses."

About NetCents Technology Inc.

NetCents Technology, the transactional hub for all cryptocurrency payments, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model, without taking on the risk or volatility of the crypto market.

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