The company is in the business of developing software to better facilitate the purchase and sale of bitcoin for end-users. Netcoins enables the sale of bitcoin through its software at retail outlets, through individual agents and directly to clients purchasing and selling in large quantities.
Netcoins Hldgs Inc.
488 - 1090 West Georgia Street
Vancouver, BC V6E 3V7
01/24/2019 NETC | Canadian Securities Exchange | Qualified Netcoins Provides Corporate Update; Q4 Transactional Revenues Hit CAD $27 Million
VANCOUVER, British Columbia, Jan. 14, 2019 (GLOBE NEWSWIRE) -- Netcoins Holdings Inc. (“Netcoins” or the "Company") (CSE: NETC; OTC: GARLF; WKN: 1WJ) is pleased to provide further corporate updates, including information on its Retail, Portal, OTC and upcoming Dealer-Brokerage lines of businesses.
2018 Fourth Quarter Revenues
During fourth quarter of fiscal 2018, Netcoins generated over CAD $27 million in transactional revenues through its Retail, Portal and OTC lines of businesses. Netcoins annual fiscal 2018 revenues hit CAD $59 million, representing a 400%+ year-over-year growth. Comparatively, the price of Bitcoin dropped during Q4 from approximately USD $6,500 to a low of nearly USD $3,000 per Bitcoin. Netcoins continues to demonstrate significant transactional revenues regardless of the overall volatility with cryptocurrency valuations.