NETCENTS PROVIDES CORPORATE UPDATE

VANCOUVER, B.C., May 27, 2016 – NetCents Technology Inc. (“NetCents” or the “Company”) (CSE: NC) is pleased to provide an operations and corporate update.

Over the past couple of months NetCents has been diligently working to add value to the company and its platform, by focusing on capturing the migration from cash to digital currency. The NetCents platform utilizes innovative Blockchain Technology to provide payment solutions that are simple to use, secure and worry free to its users.

“NetCents continues to evolve and progress forward to deliver payment options and money transferring capabilities on a global basis, backed by an impressive team that is growing” commented Clayton Moore, CEO and Founder of NetCents. “We have started to add key personnel to our Team, which was highlighted by our new advisors John Kanwischer and Phillip Shum. These gentlemen with their knowledge, expertise and experience help strengthen the company and solidify NetCents as a leader in the Fintech sector.”

April 11, 2016:

NETCENTS DEVELOPS PROPRIETARY DIGITAL WALLET FOR MULTIPLE CURRENCIES

  • has developed a proprietary digital wallet that accepts multiple forms of currency, both fiat and digital. The new NetCents wallet provides secure, state-of-the-art technology that enables the company’s users and partners to perform transactions in multiple currencies instantly and automatically.

April 27, 2016:

NETCENTS NOW AVAILABLE FOR DOWNLOAD THROUGH ITUNES AND GOOGLE PLAY STORES

  • NetCents mobile application for its payment platform is now available for free download on the Google Play and iTunes stores.

“We invite everyone to download the NetCents app today and register for your NetCents account.  You will have access to a wide variety of our services, including: depositing funds from their bank account[s] or credit cards, peer-to-peer transfer of funds, and the ability to buy, sell, trade, transfer or convert any digital currency in real time,” commented Clayton Moore, chief executive officer and founder of NetCents.

May 11, 2016:

NETCENTS APPOINTS KANWISCHER AND SHUM TO ADVISORY BOARD

  • NetCents appointed John Kanwischer and Phillip Shum to its newly formed advisory board. Both Mr. Kanwischer and Mr. Shum bring a significant degree of insight and expertise from the financial sector to NetCents. This board will strengthen the company’s platform and solidify its place in the fintech industry as leading experts and innovators in the field.

“Even with these positive milestones we continue to be focused on making NetCents better for our users and corporately.  Keep watching for upcoming updates as we have some exciting news coming including a newly designed corporate website www.netcents.biz.” stated Clayton Moore, chief executive officer and founder of NetCents.

NetCents announces a non-brokered private placement (the “Financing”) pursuant to which the Company will issue a maximum of 100,000 units, each consisting of one common share in the capital of the Company and one half of one common share purchase warrant, for gross proceeds of $23,000. Each whole warrant will be exercisable to acquire one common share of the Company at a price of $0.35 per share for a period of 18 months from closing of the Financing. All securities issued pursuant to the Financing will be subject to a hold period of 4 months plus 1 day from the date of issuance. Proceeds of the Financing will be used for general working capital.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available

About NetCents

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”), which ensures our consumer’s security and privacy. This services agreement allows the Company to accept and transfer deposits from users in 24 countries, enhancing the users online experience, granting them the freedom and convenience to Pay. Your Way.™

Further information about the Company it is available under its profile on the SEDAR website,www.sedar.com, on the CSE website www.thecse.com, on our website www.netcents.biz or contact Robert Meister, Capital Markets at Ph: 604.676.5248 or email: Robert.meister@newsite.net-cents.com.

 

On Behalf of the Board of Directors

NetCents Technology Inc.

Clayton Moore, Founder/CEO

NetCents Technology Inc.

Suite 1500, 885 West Georgia Street

Vancouver, British Columbia V6C 3E8

 

The Canadian Securities Exchange has neither approved nor disapproved of the contents of this press release. Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

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