Fintech Select Announces Year-End Results, Successful Dismissal of $4M Claim and Consideration of Platform Merger
TORONTO, 1 May 2023 /CNW/ – Fintech Select Ltd. (“Fintech Select” or “Company“) (TSXV: FTEC) is pleased to announce that its 2022 annual results have disclosed a net result of 1.19 million dollars and a net 1.5 cents of earnings per share. The company’s financial success is due to the hard work and commitment of the employees and management team.
In addition to this positive financial news, the company is excited to announce that its 4 million dollars the claim, filed by the financial services provider in 2017, was dismissed without charge. This result is the result of the company’s tireless efforts to defend its interests and protect its reputation and shareholders.
Management is now considering the possibility of merging the functions of the e-wallet and POS cryptocurrency platforms into one platform. These two platforms share a number of similarities, and a merger will streamline operations and improve efficiency. The IT development team is increasingly confident in the newly developed platform, and the possibility of going in this direction is exciting for the company’s future.
Furthermore, the company is pleased to report that its call center business revenue has grown, and it expects to continue to do so in the year 2023. This growth is a testament to the company’s commitment to providing exceptional service to its customers.
“We are thrilled with the year-end results and the successful termination of 4 million dollars claim. We are also excited about the possibility of merging our e-wallet and POS cryptocurrency platforms, which will improve our operations and benefit our customers,” said Mohammad Abuleil, CEO of Fintech Select. “The growth of our call center business is also a great achievement and we look forward to continuing to provide exceptional service to our customers.”
Fintech Select looks forward to continuing its success in the future and remains committed to providing the highest level of service to its clients.
About Fintech Select Ltd.
Fintech Select is a provider of robust and disruptive prepaid card programs and e-wallet payment solutions. Fintech Select has enabled these core assets operating through separate divisions to work together harmoniously to create a new and ubiquitous environment for both consumers and businesses. Fintech select also operates an international call center that provides fulfillment and customer service support to customers across all of the company’s platforms. Our mission is to provide customers with choice, convenience and cost-effective ways to facilitate traditional and crypto Financial transactions.
Follow us on:
https://www.facebook.com/FintechSelect
https://twitter.com/fintech_select
https://www.instagram.com/fintechselect
https://www.linkedin.com/company/fintechselect/
Neither the TSX Venture Exchange nor the regulatory services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information:
This press release contains “forward-looking information” within the meaning of applicable securities laws. Readers are cautioned not to rely on forward-looking information. Actual results and developments may differ materially from those contemplated in these statements, including the Company’s ability to successfully clean up its balance sheet. The statements in this press release are given as of the date of this release. Fintech undertakes no obligation to comment on the analyses, expectations or statements of third parties with respect to its securities, financial or operating results (as applicable) or prospects for the effective implementation of strategies or initiatives or future revenue levels. Fintech disclaims any intention or obligation to publicly update any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
SOURCE Fintech Select Ltd.
