VANCOUVER, British Columbia, May 13, 2024 (GLOBE NEWSWIRE) -- RevoluGROUP Canada
Inc. (TSX-V: REVO (http://web.tmxmoney.com/quote.php?qm_symbol=revo)),
(Frankfurt: IJA2 (https://www.boerse-frankfurt.de/equity/revolugroup-canada-
inc)), (Munich: A2PU92 (https://www.boerse-muenchen.de/Aktie/CA76156R1029)) (the
"Company") today announced that its Chairman of the Board, Bernard Lonis, will
be taking a leave of absence due to health reasons. Mr. Lonis has been
hospitalized this week following one planned and one unplanned surgery and will
remain under medical care for an unspecified period.
The Board of Directors is currently deciding who will act as interim Chairman.
Bernard Lonis has been with RevoluGROUP Canada Inc. since February
22(nd), 2018, and has played a pivotal role in ensuring the Company's continued
progress.
We ask that the privacy of Mr. Lonis and his family be respected during this
time.
The Company will continue executing its strategic plan and focusing on
delivering shareholder value.
RevoluGROUP Canada Inc. remains committed to transparency and will provide
updates as more information becomes available.
Planned Call between Ex-CEO Marshall & Chairman Lonis
As a result of Mr. Lonis's hospitalization, the prearranged call from Marshall
did not occur at 5 pm CET on Friday, May 10th. It is unknown when a future phone
call will happen due to the early stage of Mr. Lonis's medical diagnosis and
indeterminate availability.
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 (https://www.revolusend.com/), Forex, Crypto-to-fiat exchange (https://www.revoluex.com/), Retail and Hospitality payments, Real Estate Payments, pay-as-you-go phone top-ups (https://revolucharge.com/), Gift Cards & Online Credits (https://revolutility.com/), Utility Bill payments, Gaming Credits (https://revoluegame.com/), Leisure payments, Travel Payments (https://www.revoluvip.com/), etc. RevoluPAY is aimed squarely at the worldwide multi-billion dollar Open Banking sector, cross-border forex payments (https://www.revolutransfer.com/), and + $595 billion (http://www.worldbank.org/en/topic/migrationremittancesdiasporaissues/brief/migr
ation-remittances-data) family remittance market. RevoluPAY® is operated by the European wholly-owned subsidiary RevoluPAY EP S.L situated in Barcelona. RevoluPAY is a licensed United States MSB (https://www.docdroid.net/gDc85Wc/revolupay-msb-license-florida-pdf), Canadian FINTRAC, and European PSD2 payment institution 6900 (https://docdro.id/tAHHVC6) under the auspices of E.U. Directive 2015/2366 with E.U. 27 Country Passporting (https://docdro.id/pxKAGJc) and official issuer (https://revolugroup.com/revolupay_visa_affiliate_member/) of Visa (https://revolugroup.com/revolupay_visa_affiliate_member/)(®)
(https://revolugroup.com/revolupay_visa_affiliate_member/) Cards and authorized Visa (https://revolugroup.com/revolupay_visa_affiliate_member/)(®) (https://revolugroup.com/revolupay_visa_affiliate_member/) Affiliate Member. 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.
"Fernando Guillen"
Fernando Guillen
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.sedar.com (http://www.sedar.com/) for further information.
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