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NetCents Technology Inc
Symbol NC
Shares Issued 44,846,979
Close 2019-05-08 C$ 0.88
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NetCents boasts of 41% crypto processing increase

2019-05-09 08:47 ET - News Release

Mr. Clayton Moore reports


NetCents Technology Inc. has increased processing volumes in the last three consecutive months.

For the months of March, April and May, NetCents has realized an average of 41-per-cent month-over-month increase in processing volume each month. The company realized a 44-per-cent increase in March over February, a 37-per-cent increase in April over March and is on track to increase processing by 42 per cent in May over April.

Based on current growth rates and projections, the company estimates it will exceed $6.5-million in processing volume by January, 2020, and anticipates surpassing $2-million per month in processing volume in the first calendar quarter of 2020.

Over the past six months, the company has focused its business development efforts to launch and grow its partnership programs. The company is beginning to gain momentum with the groundwork that it has laid over the past six months with over 600 new direct merchants signed up in the last couple of months to use NetCents as their cryptocurrency payment processor.

"Having focused our efforts laying the groundwork, gaining market share, and strategically positioning ourselves with ISOs, gateways, processors, POS/terminal manufacturers and distributors, we are seeing results," stated Clayton Moore, chief executive officer and founder of NetCents. "Now that the foundation is laid, onboarding has begun, and we continue to educate our partners, we are seeing an increase in the adoption rate of merchants and an increase in our transaction and volume and revenue."

As part of the company's business development strategy, NetCents has attended a number of key payments and cryptocurrency/blockchain conferences to promote both its partnership programs and merchant direct cryptocurrency payment processing services. "Through our continued participation at key events and conferences, we have been able to meet and conduct business with leaders in both the payments and blockchain industries and have witnessed the evolution and growth of industry support of cryptocurrency as a payment method," added Mr. Moore. "The feedback we've received at every event has been resoundingly positive and continues to drive new business opportunities for us. To build on our previous successes, last week we attended ETA in Las Vegas and next week, the team will be in New York for Consensus and Blockchain Week."

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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