GAR Limited. d/b/a/ Netcoins (“NETC” or the “Company“) (CSE:NETC) is pleased to announce that its has completed and filed interim financial statements for the quarter ended March 31, 2018, reporting $5.315 million in gross revenue compared to $236,651 in the same period of prior year. The interim financial statements are available on SEDAR (www.sedar.com) under the profile of GAR Limited.
From a modest start of approximately $33,000 in total sales transactions in January 2017, Netcoins grew steadily throughout 2017 before going public on the Canadian Securities Exchange in March 2018.
“Our Q1 results from 2018 continue to prove our revenue-based growth model, as we move forward on our mission to bring cryptocurrency to the masses,” said Netcoins CEO, Mark Binns. “We continue to add strength in our retail and OTC business models, while developing our technology base to capture even more opportunities going forward.”
About the Company
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.