Net Income of $313,000 Driven
by Focus on Operational
Efficiency
TORONTO, May 31, 2024
/CNW/ - Fintech Select Ltd. ("Fintech Select" or the
"Company") (TSXV: FTEC) is pleased to announce its financial
results for the first quarter of 2024, reporting net income of
$313,000. The Company feels this
achievement underscores the company's robust operational
performance and strategic management. In particular,
management of the Company feels its continued focus on
operational efficiency has resulted in positive cash flow and
greater financial stability.
"We are very pleased with the financial results of the
first quarter," said Mohammad
Abuleil, CEO of Fintech Select. "Our net income of
$313,000 is a testament to the
dedication and hard work of our entire team. This achievement not
only highlights our operational strength but also positions us well
for sustained growth and profitability."
Looking ahead, Fintech Select remains committed to building on
this positive momentum. The Company will continue to focus on
innovative solutions, customer satisfaction, and strategic growth
opportunities to drive further success.
About Fintech Select Ltd.
Fintech Select is a provider of robust and disruptive
Pre-Paid Card programs and e-wallet payment solutions. Fintech
Select has enabled these core assets, which operate through
separate divisions to work together harmoniously, to create a new
and ubiquitous environment for consumers and businesses
alike. Fintech Select also operates an international
call centre that provides fulfillment and customer service support
to customers across all the company's platforms. Our mission is to
provide customers with choice, convenience and cost-effective ways
to facilitate traditional and crypto financial
transactions.
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Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking Information:
This news release contains "forward-looking information"
within the meaning of applicable securities laws. Readers are
cautioned to not place undue reliance on forward-looking
information. Actual results and developments, such as the Company's
ability to continuing improving its net income position, may differ
materially from those contemplated by these statements. The
statements in this press release are made as of the date of this
release. Fintech undertakes no obligation to comment on analyses,
expectations or statements made by third-parties in respect of its
securities, financial or operating results (as applicable) or
prospects as to the effective implementation of strategies or
initiatives or future revenue levels. Fintech disclaims any intent
or obligation to update publicly any forward-looking information,
whether as a result of new information, future events or results or
otherwise, other than as required by applicable securities
laws.
SOURCE Fintech Select Ltd.