VANCOUVER, BC / ACCESSWIRE / June 4, 2015 / Newnote Financial Corp. (the "Company"), (CSE: NEU; OTCQB: NWWTF; FSE: 1W4) President and CEO Paul Dickson reports: I am pleased to provide this brief update as we work to improve shareholder satisfaction from one of Canada's only publicly traded companies engaged in the development and support of services related to crypto-currencies.
Over the past few months we have added key individuals to the executive team and retained top senior developers to bring our new and existing services to fruition. We have acquired PayIvy.com and Cointrader.net, both of which have positioned Newnote to be the beneficiary of significant financial gain and profitability.
In light of the recent billion dollar Shopify.com IPO, our very own 100% owned merchant store builder PayIvy.com went virtually unnoticed when acquired by Newnote in May. We are confident that PayIvy will be a major contender within the merchant services space due to the compelling statistics noted below.
PayIvy.com Acquisition Highlights:-Over 20,000 merchants selling digital products online
-5000+ new merchants per month
-Processing over $300,000 a month in transactions
-Financially self-sustaining and profitable
-Closest competitor is Fiverr.Com which has raised $50 million to date
-Hockey stick growth in past 2 months
-Additional monetization methods coming soon
The Cointrader.net acquisition has presented us with many opportunities as we continue its development. We have been very pleased with its growth and have a strategy in place to grow revenue substantially by year end. Recently announced partnership with Rebit.ph enables users to send funds from Canada to countries such as the Philippines, South Africa, Mexico, and Kenya among others.
Cointrader.net Acquisition Highlights:-One of Canada's Leading Bitcoin Exchanges
-$18.9 million exchanged in 2014
-Over $500,000 in revenue for 2014
-11,000 active users in Canada
-1,000 new users per month
-100% insured deposits
-1,000 POS and ATMs connected
-Instant Bank Transfers via Interac Online
-Remittance services to 10 countries
-Integrations with Vogogo, Taype International, Coinpayments and Interac Online
In October of 2014, Newnote acquired a 20% equity position in Coinpayments.com, the world's 3rd largest crypto-currency payment processor. At that time, Coinpayments had 7500 merchants and no fiat conversion. Over the past 8 months Coinpayments has continued to grow and evolve and has more than doubled its merchants. Coinpayments remains a privately held company and no independent valuation has been released at this time.
With Cointrader.net, PayIvy.com, and Coinpayments.com under our umbrella, Newnote's developers are working to integrate our services into a complete eco-system where any individual can open a store in minutes on PayIvy.com; accept 50+ different crypto-currencies through Coinpayments.com, automatically convert those crypto-currencies into fiat and deposit them directly into their bank account through Cointrader.net. With Cointrader's advanced API and brokerage solution, existing currency exchangers can offer USD/BTC and CAD/BTC currency conversion with additional currency pairs coming soon. These incredibly powerful tools will enable people from all corners of the world to participate in the digital currency revolution and we're very excited to be a part of it.
In an effort to reduce advertising costs for promoting Newnote services, the Company acquired BitVisits.com in April 2015. BitVisits is a Paid-to-Surf advertising platform that allows its users to earn Bitcoin for viewing websites. At the time of purchase, BitVisits had 12,000 active web surfers generating thousands of page views per day. Today, BitVisits has over 20,000 web surfers -- adding over 6000 new users in two months. BitVisits generates revenue from advertisers and accounts for up to 40% of referral traffic on Newnote services.
During the past year, Newnote has made several achievements within this emerging sector and has stayed focused on the task at hand; namely, we are creating and identifying great products and services while increasing shareholder value and having a positive impact on the digital finance sector as a whole.
Newnote Financial Highlights:
-Distributed thousands of custom cold storage Bitcoin wallets
-Designed and launched the world's first gold backed crypto-currency
-IndependenceCoin for client AnthemVault
-Acquired one of the leading Bitcoin exchanges in Canada, Cointrader.net
-Acquired a leading merchant services asset, PayIvy.com
-Acquired an equity position in top crypto payment processor, Coinpayments.com
-Acquired CoinExchange Bitcoin Trading App for Android devices
-Acquired Advertising platform BitVisits.com
-Secured an expert executive and development team
-Positioned itself to be profitable in 2016 and going forward
Newnote intends to stay the course by continuing to create, innovate and pursue our vision of providing leading edge services, within our specialized space, while offering investors exposure to what may certainly be the most significant change in finance in the past 100 year’s.
About Newnote Financial Corp.
Newnote Financial Corp. is pioneering innovative crypto-currency and Bitcoin related software products and services geared at the growing business segment of this bourgeoning market. The Company owns and operates the Cointrader.net Bitcoin Exchange, PayIvy.com Online Store Builder, CoinExchange Android App, BitVisits.com Paid-to-Surf Advertising Platform, Bitcoin ATM Machines in London, Tokyo and Vancouver in addition to several other crypto-currency related assets. Newnote has positioned itself to be a leading contender in delivering opportunities to startup businesses world-wide and continues to create new opportunities for its clients and its shareholders. Newnote has a clear vision on the direction in which this new and unique business is headed and is continually adjusting and adopting new business practices in both technology and the policies & procedures required by banks and securities regulators.
Newnote Financial Contact Information:
President, CEO & Director
Newnote Financial Corp.
CSE: NEU; OTCQB: NWWTF; FSE: 1W4
Suite 709-700 West Pender Street
Vancouver, BC V6C 1G8
web: www.newnote.com – www.cointrader.net – www.payivy.com
Cautionary note: This report may contain forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Unless otherwise stated, any and all resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
SOURCE: Newnote Financial Corp.