NetCents Technology Inc. (“NetCents” or the “Company”) (CSE: NC) announces that the non-binding Letter of Intent (the “LOI”) the Company had signed with The Hillcore Group (“Hillcore”) (see news October 12th, 2016) has expired and that the Licensing Agreement contemplated in the LOI has not been consummated.
After extensive discussions the parties were unable to agree on final terms and conditions for a Licensing Agreement which would have allowed for Hillcore to License the NetCents payment platform.
“We would like to thank Hillcore for their time and efforts but unfortunately we were unable to agree on terms,” commented Clayton Moore, CEO & Founder, NetCents Technology Inc. “We continue to be very excited about the advances NetCents has made and look to continue to add valuable partners as the company grows.”
NetCents is currently reviewing and considering alternative opportunities.
NetCents is an online payments platform, offering consumers and merchants online services for managing electronic payments. The Company is focused on capturing the migration from cash to digital currency by utilizing innovative Blockchain Technology to provide payment solutions that are simple to use, secure and worry free. NetCents works with its financial partners, mobile operators, exchanges, etc., to streamline the user experience of transacting online. NetCents Technology is integrated into the Automated Clearing House (“ACH”) and is registered as a Money Services Business (MSB) with FINTRAC, which ensures our consumer’s security and privacy. NetCents is available for deposits from 194 Countries around the World, providing you with the freedom to choose to Pay. Your Way.™