Lynx Global Provides Update on Corporate Milestones and Recent Expansion Strategy
Lynx Global Provides Update on Corporate Milestones and Recent
Expansion Strategy
-Company completes a $2.4 million private placement accelerat ing development of its payment
platform into SE Asia
-New partnerships and expansion of leadership team will focus on adding new revenue streams
during next phase of growth
Vancouver, British Columbia, September 30th, 2021: Lynx Global Digital Finance Corporation (CSE: LYNX)
(OTC Pink: CNONF) (FSE: 3CT0) ("Lynx" or the "Company") is pleased to announce the latest financial and
corporate achievements that have further strengthened the Company’s core business operations ,
positioning it to accelerate into the next phase of growth . These achievements include revenue
generation, partnerships that propel the Company’s operations within Southeast Asia, and the
appointment of key senior executives.
Key Developments for Fiscal Fourth Quarter 2021
Partnerships
● China’s UnionPay: Lynx completed a worldwide card-issuing partnership with global payment
provider UnionPay, having the planet's largest cardholder base. The UnionPay global acceptance
network has expanded to 180 countries and regions, covering over 61 million merchants and 2.9
million ATMs and will allow for consumer adoption and merchant acceptance of Lynx’s innovative
banking products and solutions.
Expanding Leadership
● Addition of Mr. Qin Wang: Lynx added highly experienced China-based business and technology
leader, Mr. Qin Wang, to its Strategic Advisory Board. This seasoned expert provides Lynx with a
wealth of tactical business implementation knowledge, executive management expertise, and
diverse industry relationships that he has built during an impressive 30+ year career. Mr. Wang
has managed US-based investment funds investing in Chinese internet and technology
companies, such as PPStream (acquired by IQIYI, IQ listed on NASDAQ), Kugou (acquired by
Tencent Music, TME listed on NYSE), Xunlei (XNET listed on NASDAQ), UCWeb (acqu ired by
Alibaba), as well as gold mining companies including Pretium Resources (listed on NYSE and TSX).
● Appointment of Mr. John Schaub: The Company appointed Mr. John Schaub as its Chief Product
Officer in September 2021. Mr. Schaub has held senior level roles in core banking, payments fraud
prevention, insurance, compliance, and analytics at companies including Central1 and HootSuite.
He will be instrumental in building out the Company's payment platform infrastructure.
Industry News
● Report on Underbanked and Underserved: A recent study by Mambu consultancy revealed that
there are more than 290 million unbanked adults across Southeast Asia, including 65% of Filipino
adults.
Company News
• Reports first quarterly revenue of $400k – Lynx Global reported its first quarterly revenue in
Company’s history totaling $400,000 for the fiscal third quarter ended July 31, 2021 . The
consolidated operations of its recently acquired companies provide for a strong foundation to
expand revenue with new products and services; add new international and global customers and
take advantage of the ability to scale by integrating all operations into a single payment platform.
• Closes $2.4 million private placement – During the last month, Lynx has raised $2.4 million
through private placements . Th e proceeds will be used to develop the Company’s payment
platform, that will be a single point of connectivity for any business wishing to access the SE Asia
market, as well as expand upon its strategic technology and service partnerships.
“Lynx Global is creating the financial infrastructure that will bring together all forms of cash -in/cash-out,
online e -commerce, cryptocurrency, and digital payment solutions into one single unified financial
network. With more than 70% of the adult population being either “underbanked” or “unbanked,” coupled
with limited access to financial services, the emerging markets certainly require fintech solutions that can
accelerate the growth of financial inclusion, thereby reducing the financial gaps.”
“We remain focused on enabling and empowering th is market segment population in the emerging
markets by expanding our services with needed fintech solutions and new partnerships. Additionally, to
deepen our knowledge pool, we continue to build our leadership team by adding highly skilled and
experienced members who can help us to reach our organizational objectives. Our mission is to empower
millions of people who are deprived of basic financial services and believe we are well-positioned to achieve
that for our customers as well as derive inherent value to our shareholders.”
-Michael Penner, Chief Executive Officer, Lynx Global
ABOUT LYNX DIGITAL GLOBAL FINANCE:
Lynx seeks to become a leader in financial technology, solutions, and services for large -scale merchants,
financial institutions and other B2B industry partners by way of integration to the Lynx digital payment
platform. The Company's payment solutions are powered by a broad suite of payment technologies and
services. The Company has targeted banking and fintech relationships in ASEAN and Oceania, a region
with a population approaching 700 million, that can provide Lynx a financial network hub location to
service and operate a global traditional and digital financial infrastructure. By working with selected
banking and/or licensed EMI partners, the Company will be able to offer a digital payment platform with
a full suite of payment solutions, which may include merchant acquiring solutions; card issuing; remittance
and forex; and custodial digital asset services, including digital wallet services. The Company seeks organic
growth while investigating potential strategic acquisitions that may contribute critica l technology
applications, additional services and revenue streams, and that can complement or enhance existing
offerings and potentially increase or expedite the path to future profitability. While Lynx believes that
significant near-term opportunities exist for the Company's strategic initiatives, there can be no assurance
that goals and objectives will be reached or that any such underlying efforts or agreements will provide
successful or positive outcomes should they be implemented.
For more information, please contact:
Michael Penner, CEO
+1 (604) 396-9974
www.lynxglobal.io
NEITHER THE CANADIAN SECURITIES EXCHANGE N OR ITS REGULATIONS SERVICES PROVIDERS HAVE
REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FORWARD-LOOKING STATEMENTS: Certain information contained herein may constitute "forward-looking
information" under Canadian securities legislation, including the goals and objectives of Lynx. Generally,
forward-looking information can be identified by the use of forward-looking terminology such as, "will be",
or variations of such words and phrases or statements that certain actions, events, or results "will" occur.
Forward-looking statements are based on the Company's estimates and are subject to known and
unknown risks, uncertainti es and other factors that may cause the actual results, level of activity,
performance, or achievements of Lynx to be materially different from those expressed or implied by such
forward-looking statements or forward -looking information, including capital expenditures, other costs,
or implied future forecasts. The Company further again cautions that all forward -looking statements are
inherently uncertain, and that actual performance may be affected by a number of material factors, many
of which are beyond t he Company's control. Such factors include, among other things: risks and
uncertainties relating to the Company's limited operating history and the need to comply with
environmental and governmental regulations. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward -looking statements and
information. Lynx will not update any forward-looking statements or forward-looking information that are
incorporated by reference herein, except as required by applicable securities laws.