VANCOUVER, British Columbia,
March 13, 2019 /CNW/ -- Netcents
Technology Inc. ("NetCents" or the "Company")
(CSE: NC) (Frankfurt: 26N) (OTCQB:
NTTCF), is pleased to announce that it has entered into an
agreement allowing processing of cryptocurrency payments for ILO
Crypto ("ILOCX", part of ILOCX Limited, London, England.)
Edward Fitzpatrick, CEO of ILOCX,
said, "The significance of this transaction is enormous for crypto
holders everywhere, this partnership is giving them high quality
alternative options for utilizing their capital currently locked in
Bitcoin, ETH and various other altcoins. Hundreds of billions of
dollars are sitting in crypto looking for new ways to put this
capital to work, thanks to this partnership NetCents and ILOCX we
can say with confidence that the era of utilization
is here."
ILOCX is a platform which raises non-equity capital for
companies in a unique way by selling Initial License Offerings
("ILO's"). ILO's are a revenue-based method of raising capital,
giving buyers the right to promote and or sell an underlying
product or service and receive royalties based on the gross revenue
of the company. ILOCX's first exchange platform allows its
companies to list and sell an ILO to raise capital and enhance
sales. ILOCX has signed 54 companies with 20+ already listed on the
exchange. Additionally, ILOCX will be approving the listing of 30+
more companies over the coming weeks and has over 40 companies in
the immediate pipeline.
As part of this exclusive agreement with NetCents, ILOCX has
launched www.ILOcrypto.com a specialist exchange focused on
allowing anyone holding Bitcoin, ETH, and various other altcoins to
use that cryptocurrency to buy ILO's. Through the merchant
agreement, ILOCX will use the NetCents Merchant Gateway to power
cryptocurrency transactions for its capital raising services. With
$300 million in deals on the exchange
to date, this platform demonstrates another way the NetCents and
ILOCX partnership can tap into the hundreds of billions in crypto
capital, giving crypto-holders alternative options for utilizing
their capital and giving companies listing on ILOCX access to the
capital they need.
If your company or organization wishes to integrate the NetCents
platform into your website, visit
http://net-cents.com/business/register and sign up for a business
account to complete the online form to get the digital integration
and application processes started.
About ILO Crypto
ILOCX is a platform that allows companies to raise non-equity
capital through the sale of ILO's and gives interested buyers the
ability to earn revenue by purchasing a license to socially promote
and or sell a product or service.
ILOCX has mixed together a real market need with a matching tech
solution by eliminating the dependency on equity as funding grows
sparse, providing companies with the benefits of boosted awareness
and sales which in turn boosts revenues, royalties and the trading
price of the ILO, resulting in putting a sustainable business on
the map.
To learn more about how ILO's work visit
www.ILOcrypto.com/how-it-works/
To view the exchange visit www.ILOexchange.com
About NetCents
NetCents Technology Inc, the transactional hub for all
cryptocurrency payments, equips forward-thinking businesses with
the technology to seamlessly integrate cryptocurrency processing
into their payment model without taking on the risk or volatility
of the crypto market. NetCents Technology is registered as a
Money Services Business (MSB) with FINTRAC, which ensures our
consumer's security and privacy.
For more information, please visit the corporate website at
www.net-cents.com or contact Investor Relations at
investor@net-cents.com
On Behalf of the Board of Directors
NetCents Technology Inc.
"Clayton Moore"
Clayton Moore, CEO, Founder and
Director
NetCents Technology Inc.
1000 – 1021 West Hastings Street
Vancouver, BC, V6E 0C3
Cautionary Note Regarding Forward Looking Information
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address events or
developments that the Company expects to occur, are forward-looking
statements. Forward-looking statements are statements that are not
historical facts and are generally, but not always, identified by
the words "expects", "plans", "anticipates", "believes", "intends",
"estimates", "projects", "potential" and similar expressions, or
that events or conditions "will", "would", "may", "could" or
"should" occur. Although the Company 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 may differ materially from
those in the forward-looking statements. Factors that could cause
the actual results to differ materially from those in
forward-looking statements include regulatory actions, market
prices, and continued availability of capital and financing, and
general economic, market or business conditions. Investors are
cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ
materially from those projected in the forward-looking statements.
Forward-looking statements are based on the beliefs, estimates and
opinions of the Company's management on the date the statements are
made. Except as required by applicable securities laws, the Company
undertakes no obligation to update these forward-looking statements
in the event that management's beliefs, estimates or opinions, or
other factors, should change.
The CSE has not reviewed, approved or disapproved the content of
this press release.
For more information, please visit the corporate website at
www.net-cents.com or
contact :
Investor Relations
investor@net-cents.com
+1-604-676-5249
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SOURCE NetCents Technology Inc.
