[April 14, 2016] |
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Postmedia Announces Marketing Collaboration Agreement With AgilityForex
Postmedia Network Inc. ("Postmedia") today announced a strategic
Marketing Collaboration Agreement (the "Agreement") with Vancouver-based
fintech company Agility Forex Ltd. ("AgilityForex"). Offering
international payments and currency transfers to individuals and
companies, AgilityForex removes the wide spreads, fees and commissions
of the big banks while providing access to transfers 24 hours a day.
"By exploring innovative new revenue models with complementary companies
we are creating powerful new business accelerators," said Andrew
Macleod, EVP and Chief Commercial Officer, Postmedia. "Postmedia's scale
and scope - reaching nearly 12.8 million average monthly unique visitors
through our digital properties and 8.3 million Canadians weekly in print
across more than 200 brands - supercharges AgilityForex's marketing
efforts while both of our companies align to benefit from the success of
these initiatives."
Under the Agreement, the companies will collaborate to market
AgilityForex's offerings and Postmedia will receive a share of
AgilityForex's overall revenue as well as revenue attributable to
Postmedia's activities. Additionally, AgilityForex has granted Postmedia
warrants to acquire shares of AgilityForex, which warrants vest in one
year, provided that Postmedia has provided an agreed amount of
promotional value.
"We're delighted to be teaming up with Postmedia. Postmedia's incredible
national reach will allow us to get our message in front of millions of
Canadians. People don't have to be tied to their bank, when it comes to
transferring money there's an easier, cheaper, faster way," said Andrew
McGuire, Co-Founder and CEO, AgilityForex. "In the midst of the ongoing
digital transformation within the financial sector and the emergence of
alternative solutions, delivering an excellent customer experience while
offering financial savings and reducing time pressures is paramount,"
added Iain Thomson (News - Alert), Co-Founder and COO.
About AgilityForex AgilityForex (AF) is a Vancouver based
fintech company offering international payments and currency transfers
to individuals and companies. AF makes it easy with transparent pricing
and no fees. AF's proprietary payments platform prices, executes and
hedges ustomer transactions from live interbank rates. The easy to use
platform allows customers to bypass the banks and access better exchange
rates 24 hours a day, meaning customers are no longer tied to bank
pricing and bank hours. At the click of a mouse customers can make
payments in 20 currencies and into 100 countries with the offering
growing all the time. For more information, visit https://agilityforex.com
About Postmedia Network Inc. Postmedia Network Inc., a
wholly owned subsidiary of Postmedia Network Canada Corp. (TSX:PNC (News - Alert).A,
PNC.B), is a Canadian newsmedia company representing more than 200
brands across multiple print, online, and mobile platforms.
Award-winning journalists and innovative product development teams bring
engaging content to millions of people every week whenever and wherever
they want it. This exceptional content, reach and scope offers
advertisers and marketers compelling solutions to effectively reach
target audiences. For more information, visit www.postmedia.com.
Forward-Looking Statements This news release
contains "forward-looking statements" within the meaning of applicable
Canadian securities legislation. Forward-looking information includes,
but is not limited to, statements regarding the future growth of
AgilityForex's business, the success of the strategic collaboration for
both companies, Postmedia's ability to replicate this type of
strategic collaboration with other advertisers in other sectors and
Postmedia's revenue potential from the relationship. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by management of the
relevant company, are inherently subject to significant business,
economic and competitive uncertainties and contingencies.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual financial results,
performance or achievements to be materially different from the
estimated future results, performance or achievements expressed or
implied by those forward-looking statements and the forward-looking
statements are not guarantees of future performance. For a complete list
of Postmedia's risk factors please refer to the section entitled "Risk
Factors" contained in Postmedia Network Canada Corp.'s annual
management's discussion and analysis for the years ended August 31,
2015, 2014 and 2013, which can be found on Postmedia's website at www.postmedia.com,
on SEDAR at www.sedar.com
or on the SEC's (News - Alert) website at www.sec.gov. Except
as required by law, both companies disclaim any obligation to update or
revise any forward-looking statements, whether as a result of new
information, events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160414006604/en/
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