14.02.2024 19:30:11 - dpa-AFX: GNW-Adhoc: RevoluGROUP Canada Inc. Announces Change to Board of Directors
VANCOUVER, British Columbia, Feb. 14, 2024 (GLOBE NEWSWIRE) -- RevoluGROUP
Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2) (the "Company") announces that
Daniel Hernandez, Director of RevoluGROUP has decided to step down effective
immediately, and is pleased to announce the appointment of Francisco José Moreno
Balboa to the board of directors (the "Board") of the Company, both effective
February 12, 2024.
Daniel Hernandez began as a highly valued corporate advisor in September 2017.
Since November 2020, Mr. Hernandez has been an instrumental board member,
bringing his expertise and guidance to the Company over the past three years.
The board and Management extend their deepest gratitude to Daniel for his
significant contributions in his previous executive management role. Due to the
tremendous success of Daniel Hernandez's eSignus (https://www.esignus.com/), a
Company he cofounded, Daniel needs to dedicate increased focus in this role. Mr.
Hernandez will continue to assist in the capacity of Advisor, specifically on
the integration of the RevoluEX platform and integration of eSignus
(https://www.esignus.com/) security technology for mobile or web applications.
In light of this transition, the Company is pleased to welcome Francisco José
Moreno Balboa as the newest member of the Board of Directors, effective
immediately and subject to the TSX Venture Exchange approval of the requisite
PIF ("Personal Information Form"). Francisco was a notable investor in the
Company's recent private placement, has undertook key internal projects and the
upcoming technology integration related to MyFullTrip
(http://www.myfulltrip2019.com/?lang=en), and other partnership projects.
Bernard Lonis, Chairman of RevoluGROUP, expressed his gratitude to the outgoing
director and enthusiasm for the incoming director's contributions. Mr. Lonis
stated, "eSignus (https://www.esignus.com/) has demonstrated huge success by
focusing on the security aspects of protecting cryptocurrencies and user
wallets, and having Daniel Hernandez continue as RevoluGROUP advisor but now
laser-focused on the eSignus (https://www.esignus.com/) integration into
RevoluEX is of paramount importance for our upcoming projects. Furthermore, we
welcome Francisco José Moreno Balboa to the Board of Directors as a major
investor and a key ally in numerous upcoming technology integrations."
About Francisco José Moreno Balboa
Francisco is a seasoned Computer Systems Engineer with a Master's in Business
Management and Marketing. Mr. Moreno Balboa epitomizes contemporary Information
Technology entrepreneurialism, founding Smart Leisure straight out of
university, which counted among its client's illustrious companies such as
Heineken, Red Bull, Pernod Ricard, and many others. Since 2017, commercial
successes have continued as CEO of Madrid, Spain-based Logixs
(https://logixsdigital.com/). Francisco and Logixs (https://logixsdigital.com/)
ascended new heights of achievement by winning the World Finance award twice in
2018 and 2020 for designing and deploying the European banking App EVO Banco
(https://www.evobanco.com/). Logixs (https://logixsdigital.com/) also provides
key services to Price Waterhouse Coopers in the Iberian Peninsula. In 2022 and
2023, Logixs (https://logixsdigital.com/) was awarded the concession to create
and deploy the nationwide Cultural Voucher Program on behalf of Spain's Culture
Ministry. In recent times, Logixs has provided IT services to Banco Santander
(https://www.santanderbank.com/), one of the world's Top 50 banks with active
branches across North and South America and the European Union. Other key
Fintech developments include the comprehensive design and development of Orange
Bank (https://www.orange.com/en/groupe/nos-activites/orange-revolutionne-les-
services-financiers/orange-bank-europe), a division of the EU Telecommunications
giant Orange (https://www.orange.com/en/groupe/nos-activites/orange-
revolutionne-les-services-financiers/orange-bank-europe). Francisco brings
valued know-how and cutting-edge information technology skills to RevoluGROUP as
we pursue our strategic objectives in North America and Europe.
Francisco José Moreno Balboa, commented on joining the RevoluGROUP Board of
Directors, "I am delighted to join RevoluGROUP. RevoluPAY's Neobanking prowess,
along with the active international financial licenses, is the ideal platform to
launch new ideas while creating a business leader in the fintech and banking
sectors. I look forward to bringing my wealth of experience and know-how in the
fintech sector to increment our market penetration onboard substantial users
while increasing shareholder value."
The Company Issues Incentive Share Options
In further news, the Company announces that incentive share options to purchase
up to 2,700,000 common shares of the Company were granted to consultants of the
Company, with an exercise price of $0.05 per share. The incentive share options
have been granted pursuant to the Company's 10% rolling stock option plan and
will expire twelve months from the grant date. Should all announced options be
exercised in the term, the aggregate amount payable to the treasury would be CA$
135,000.
About RevoluPAY®
The Company's flagship Neobanking technology is RevoluPAY
(http://www.revolupay.es/)®, the Apple
(https://itunes.apple.com/us/app/revolupay/id1437640699) and Android
(https://play.google.com/store/apps/details?id=com.revolupayclient.vsla.revolupa
yconsumer&hl=en_CA) multinational payment app. Conceived entirely in-house,
RevoluPAY features proprietary, sector-specific technology of which the
resulting source code is the Company's intellectual property. RevoluPAY's built-
in features include Remittance Payments, Forex, Retail and Hospitality payments,
Real Estate Payments, pay-as-you-go phone top-ups, Gift Cards & Online Credits,
Utility Bill payments, Leisure payments, Travel Payments, etc. RevoluPAY is
aimed at the worldwide multi-billion dollar Open Banking sector and + $630
billion (https://www.worldbank.org/en/news/press-release/2022/05/11/remittances-
to-reach-630-billion-in-2022-with-record-flows-into-ukraine) family remittance
market. RevoluPAY® is operated by the European wholly owned subsidiary RevoluPAY
EP S.L located in Barcelona. RevoluPAY is a licensed United States MSB
(https://www.docdroid.net/gDc85Wc/revolupay-msb-license-florida-pdf), Canadian
FINTRAC (https://www10.fintrac-canafe.gc.ca/msb-esm/public/detailed-
information/msb-
details/7b226d73624f72674e756d626572223a3136333133342c227072696d6172795365617263
68223a7b226f72674e616d65223a227265766f6c75766970222c2273656172636854797065223a31
7d7d/), and European PSD2 payment institution 6900
(https://euclid.eba.europa.eu/register/pir/view/PSD_PI/ES_BE!6900) under E.U.
Directive 2015/2366 with EU Passporting (https://docdro.id/pxKAGJc). RevoluGROUP
Canada Inc. controls five wholly owned subsidiaries
(https://revolugroup.com/subsidiaries/) on four continents.
About RevoluGROUP Canada Inc.
RevoluGROUP Canada Inc. is a multi-asset, multidivisional, publicly traded
Canadian Company deploying advanced technologies in; Banking, Mobile Apps, Money
Remittance, Cross-Border Forex Payments, Mobile Phone Top-Ups, EGaming,
Healthcare Payments, Esports, Invoice factoring, Online Travel, Vacation Resort,
Blockchain Systems, and Fintech app sectors. Click here
(https://revolugroup.com/about/about-revolugroup/) to read more.
For further information on RevoluGROUP Canada Inc. (TSX-V: REVO), visit the
Company's website at www.RevoluGROUP.com (http://www.RevoluGROUP.com).
RevoluGROUP Canada, Inc.
"Gavin McMillan"
______________________
Gavin McMillan
CEO and Director
For further information, contact:
RevoluGROUP Canada Inc.
Telephone: (604) 332 5355
Email: info@revolugroup.com (mailto:info@revolugroup.com)
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This release includes certain statements that may be deemed to be "forward-
looking statements". All statements in this release, other than statements of
historical facts, that address events or developments that Management of the
Company expects, are forward-looking statements. Although Management believes
the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ materially from those
in the forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if Management's beliefs, estimates or
opinions, or other factors, should change. Factors that could cause actual
results to differ materially from those in forward-looking statements, include
market prices, exploration and development successes, continued availability of
capital and financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedarplus.ca
(http://www.sedar.com/) for further information.
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