Vancouver, British Columbia, Canada, June 13, 2018 --(PR.com
)-- GoverMedia Plus Canada Corp. (CSE: MPLS) (FWB: 48G) (WKN: A2JF6W) (“GoverMedia” or the “Company”) is pleased to announce that its wholly owned subsidiary GoverMedia Plus LLC signed a partnership agreement with the Chamber of Commerce and Industry of Riga, Latvia and entered into a cooperation agreement with the Kazan (Volga region) Federal University and Higher School of Information Technology. The partnership with the Chamber of Commerce and Industry of Riga calls for mutual cooperation in the implementation of measures to support small and medium sized businesses. Specifically, the agreement provides for the creation of a system for assessing the reliability of partners and or participants in international contracts. Under the agreement with the Russian University, GoverMedia Plus LLC becomes a partner of the Department of Digital Analytics and Infrastructure.
Latvia has a population of approximately 2 million people and a GDP of approximately $55 billion USD in 2017. The country joined the European Union in 2004 and integrated the EURO zone in 2014. The partnership with Riga’s Chamber of Commerce provides GoverMedia access to the business community in Riga, to facilitate cross-border transactions between the two countries. Russia represents the largest trade partner of Latvia; therefore, the Company hopes to become the online marketplace of choice for Latvian SMEs to enter the Russian-speaking markets. Strategically, Latvia represents the entry point to the European Union.
The Federal University of Information Technology in Kazan has become one of the most innovative technology hubs in the Russian Federation. Kazan was honoured as “Russia’s third capital” in 2009 and its local policy is to become a silicon-valley type of high-technology environment. The University of IT in Kazan enrolled over 44,000 students in 2014 and it has over 70 ongoing international scientific projects. The agreement with GoverMedia allows the Company to tap into a large pool of highly qualified engineers, programmers, researchers and software developers.
CEO Roland J. Bopp, commented: “The partnership agreement with the Latvian Chamber of Commerce is a natural expansion of our online business into the Baltic regions first and European Union second. The cultural and language similarities as well as the trade infrastructure between the two countries will facilitate cross-border transactions. In addition, GoverMedia’s platform allows for enterprises to carry out their own due diligence on business counter-parties. We look forward to expanding our operations throughout the Baltics in the future. The Department of Digital Analytics and Infrastructure of the Kazan Federal University are working the leading-edge technologies in the fields of blockchain, artificial intelligence and cryptography. I was fortunate to visit the University on my recent trip. This partnership will insure a large talent pool of top developers.”
About GoverMedia Plus Canada Corp.
GoverMedia Plus Canada Corp. is a Canadian holding company with a fully owned Russian technology subsidiary. GoverMedia has developed a fully operational state of the art internet platform offering all-inclusive online services such as, e-commerce, social media, multimedia, corporate auctions, corporate database, messaging platform and crowdfunding services. We believe the GoverMedia platform is the first and only internet platform offering such a wide range of online services accessible via only one account. The Company’s management and advisors have extensive expertise in the Telecommunications, High-Technology, Corporate Development and Finance fields. www.gm.plus and www.govermedia.plus
For further information, please contact:
Roland J. Bopp
President and CEO
This press release is not an offer of securities of the Company for sale in the United States. The Common Shares of the Company may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the U.S. Securities Act”), or an exemption from such registration. The Common Shares have not been and will not be publicly offered in the United States. The Common Shares have not been and will not be registered under the U.S. Securities Act or any state securities laws.
Cautionary Note Regarding Forward-Looking Statements
The statements made in this press release may contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of GoverMedia. The words "will," "may," "anticipate," "intend," "plan" and similar words and expressions are used to identify forward-looking information. These statements include that the Company will resume trading on the CSE. The actual results of the specific items described in this release, and the Company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of GoverMedia's management as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, GoverMedia's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of GoverMedia. GoverMedia disclaims any obligation to update information contained in any forward-looking statement unless required by applicable securities laws.