July 29, 2019 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”) is
pleased to announce the Company’s successful completion of its first acquisition of an
established business technology company operating under the brand name 10VIA – a
private company providing services in Mexico since 2014.
The Company acquired 52% of 10VIA’s shares, under corporate legal entity known as
“Proveedora de Beneficios S.A. de C.V.”, by way of a share exchange between Newt
Corporation and 10VIA, whereas Newt acquired the issued and outstanding shares of
10VIA from individuals (collectively known as “Shareholders”), in exchange for
7,500,000 common shares of Newt to be issued to the Shareholders (“Transaction”).
Simultaneously with this transaction, Newt has expanded its Management Team with
10VIA Executives joining the company. Mr. Sergio Maya Aleman has been appointed
CEO of Latin American Division and President of Newt USA, and Mr. Noe
Hernandez as Director of Innovation & Technology of Newt Corporation. Both are
experienced executives with qualified successful track records in the industry.
As per the Acquisition terms, the two parties have agreed to immediately combine both
companies’ services and teams, and to engage in expanding Newt’s North American
product and service offering into Latin America.
Steven Hoffmann, CEO and Chairman of Newt Corporation, mentioned:
“Successfully implementing 10VIA’s operations and merging both companies’
technology platforms, with the addition of a highly experienced management team, is a
majorsuccessforNewtCorporation. ThisconnectionbetweenNorthAmericaandLatin
America expands Newt’s business model into B2B markets, and links market channels
for future opportunity for the company, while generating revenue in our respective
markets.”
Manuel Cortes, CTO of Newt Corporation, mentioned: “The acquisition of 10VIA has
accelerated Newt’s technology timeline, thanks to an immediate implementation of their
technology on our platform. 10VIA’s experience with several years of development is a
great benefit to our company.”
About 10VIA
10VIA is a Mexican Company established in 2015, with a mission of developing a world
class transactional platform to provide services to the Mexican market for bill, utility, and
mobile top-up payment processing. 10VIA’s platform for payment transfers, mobile
payments, and mobile wallet solutions has been utilized by top enterprise companies in
Mexico, with its stable enterprise software solution boasting 100% historical
transactionality and enhanced security.
10VIA also has integrated services for debit and credit card processing, online stores and
customized solutions for companies utilizing the latest payment processing technologies.
The main focus of 10VIA is to process mobile payments for the unbanked through a
mobile wallet. 10VIA has been successfully providing its clients, employees, and the
unbanked population with cashless mobile services and bill pay products for the last
several years.
For more information, visit www.10via.com.mx.
About Newt
Newt Corporation is a Canadian Company with representative offices in USA, and Latin
American that aims to become a Fintech Leader in Prepaid and Bill Payment transfers, as
well as mobile and digital online payments and services. Utilizing the latest payment
processing technologies, Newt provides merchants, consumers, and the unbanked
population with cashless mobile payment services, Bill payments, and rechargeable
prepaid cards, along with other services.
Newt Payment Systems on Microsoft enterprise platform with IT support is a stable
platform to sending payments, and merchants will be empowered to provide seamless
transactions in a more secure and efficient way. Newt’s next generation payment transfer
solutions use new methods for international digital transfers. The company’s platform has
been designed from the ground up for modern digital transfers with an ecosystem with
full configurability, open API integration, and enhanced value-added services.
For more information, visit www.GetNewt.com.
For further information, please contact:
Newt Corporation
100 King St. West, Suite 5700
Toronto, ON M5X 1C7
info@getnewt.com
Forward – Looking Information
Certain information set forth in this news release may contain forward – looking information that
involve substantial known and unknown risks and uncertainties. This forward – looking information is
subject to numerous risks and uncertainties, certain of which are beyond the control of the Company,
including, but not limited to, the impact of general economic conditions, industry conditions, failure to
enter into a definitive agreement and complete the Acquisition, and dependence upon regulatory
approvals. Readers are cautioned that the assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward – looking information. The parties undertake no
obligation to update forward – looking information except as otherwise may be required by applicable
securities law.
