Vogogo bags payment facilitator deal with SFTS

Source: Vogogo

Authorized Electronic Money Institution ("EMI") and Transactional risk management specialist Vogogo Inc. ("Vogogo") (TSX VENTURE:VGO) is pleased to announce that they are fully operational as a Payment Facilitator with Secure Trading Financial Services (STFS), a licensed European Financial Institution.

STFS, an award winning European acquiring institution, is also a Principle Member of Visa and MasterCard, enabling it to deliver best in class end-to-end acquiring services across Europe.

Under the partnership, Vogogo, as an authorized EMI, directly administers and facilitates the payment processing on behalf of their qualified business customers. Whilst STFS provides the necessary acquiring services in support of Vogogo's payment services offering.

Vogogo began providing payment services in partnership with STFS in February 2016 and is currently on-boarding their client base. These services are expected to continue to ramp up throughout 2016 based on increasing business demand. Vogogo also expects to derive revenue from these services in line with its established business model.

In addition, Vogogo would like to announce that it has engaged Joann Head to provide investor relations services to the Company.

Ms. Head has deep experience in the financial service industry and has lead investor relations initiatives at both TSX and TSX-Venture listed companies, including DHX Media and NYX Gaming. Ms. Head is based in Toronto, Canada, and will work to increase market awareness for Vogogo utilizing a number of financial market communications initiatives. The core of this activity will be facilitating direct introductions with institutional asset managers, retail brokers and other investors in a number of cities across Canada and the US. Ms. Head will also oversee certain other marketing and PR campaigns for Vogogo, augmenting Vogogo's current activities. Ms. Head will be paid a fee of $5,000 per month for an initial term of 3 months.

Alex Tapscott will be leaving his current role as capital markets strategist to launch and market his upcoming book Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business and the World. Alex has made a deep and lasting contribution to Vogogo and we look forward to working closely with him long into the future.

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