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Finger Motion Announces Platform expansion and shareholders updateHONG KONG, Jan. 22, 2019 (GLOBE NEWSWIRE) -- Finger Motion, Inc. (OTC Markets: FNGR), a mobile payment and recharge platform company, today announced its financial results for the third quarter ended November 30, 2018. Third Quarter 2018 Highlights
“We are very pleased with our monthly GTV which is a key metric in measuring our future performance” said Martin Shen, CEO of Finger Motion. “We have an amazing technical team in place that has been optimizing our platform for speed and reliability. In our eyes it is fully operation and performing at exceptional levels and currently capable of accommodating top tier e-commerce platfoms. We are platform neutral and focusing on performance, which means that the typical service disruptions which occur around the billing cycle on older platforms could trigger a migration to a more secure and reliable platform. Operationally, we have very low marketing and customer acquisition costs, which means most of our cash flow is to maintain our wholesale availability of Top-up minutes for sale. We are in active discussion with long term financials partners who understand the structural issues with the business model and the opportunity for exponential growth that additional capital provides. In the coming months our goal is to get non-dilutive expansion capital, land a top tier e-commerce channel partner, and complete our first uplisting. Our vision is to serve over 1 billion users in the China market, and with this latest release it no longer an issue of if we can reach this metric, but when we will hit the mark. Our business is very predictable and we are confident that the next quarter will be even stronger than this one with the addition of PingDuoDuo.” About Finger Motion Inc. Safe Harbor Statement This release contains certain “forward-looking statements” relating to the business of the Company. All statements, other than statements of historical fact included herein are “forward-looking statements” including statements regarding: the continued growth of the e-commerce segment and the ability of the Company to continue its expansion into that segment; the ability of the Company to attract customers and partners and generate revenues; the ability of the Company to successfully execute its business plan; the business strategy, plans, and objectives of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements. |