Malta Financial Services Authority

FDCTech's Quarterly Release for the Third Quarter (FY23 Q3) Results

Retrieved on: 
Tuesday, November 14, 2023
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Irvine, CA, Nov. 14, 2023 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech-driven company specializing in buying and integrating small to mid-size legacy financial services companies, today announced the following results for the three and nine months ending September 30, 2023, as compared to the corresponding period of September 30, 2022:

Key Points: 
  • The Company reported a net income of $638,084 and $1,366,777 for the three and nine months ending September 30, 2023.
  • The gross margin generated for the three months ending September 30, 2023, and 2022 were $2,311,165 and $198,702, an increase of 1,063% from the previous period.
  • Please visit our SEC filings or the Company's website for more information on the full results and management's plan.
  • A dedicated team of qualified financial planners brings expertise and a commitment to servicing metropolitan and regional practices across Australia.

Blockchain E-Ticketing Platform UTIX Announces Major Exchange Listing On BitMart

Retrieved on: 
Thursday, October 26, 2023
Ethereum, Blockchain, BTC, Sale, UTX, MFSA, Malta Financial Services Authority, Ecosystem, Cryptocurrency and crime, USDT, Cryptocurrency, Online shopping

The UTIX platform is a software-as-a-service offering that provides comprehensive and highly customizable e-ticketing solutions to event organizers.

Key Points: 
  • The UTIX platform is a software-as-a-service offering that provides comprehensive and highly customizable e-ticketing solutions to event organizers.
  • UTIX generates revenue by charging small fees on each ticket sold, meaning its platform is completely free for event organizers to use.
  • By earning $UTX every time they purchase e-tickets via UTIX, users can obtain discounts on future events listed on the platform.
  • With $UTIX now available to trade on our platform, it’s a project that’s rapidly approaching maturity,” said a BitMart representative in a statement.

FDCTech Signs the Definitive Agreement to Merge with Alchemy Group, Seeks Uplist

Retrieved on: 
Thursday, October 5, 2023
DMCC, Dubai Multi Commodities Centre, OTC, NYSE, Acquisition, The Company, Malta Financial Services Authority, Alchemy, Financial Conduct Authority, FCA, Companies House, Contract for difference, Companies Act, ETF, ADS, Law, Education, NYSE American, Environment, New York Stock Exchange, License, Investment Company Act of 1940, AD, MFSA, Machine tool, Security (finance), Financial adviser, Financial services

Irvine, CA, Oct. 05, 2023 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech-driven company specializing in buying and integrating small to mid-size legacy financial services companies, today announced the definitive agreement with Alchemy Group where the Company acquired 100% of Alchemy Markets DMCC (Alchemy UAE), 100% of Alchemy Prime Ltd. (Alchemy UK), and 49.90% of Alchemy Markets Ltd. (Alchemy Malta). After the acquisition of 49.90% of Alchemy Malta, the Company will control 100.00% of all issued outstanding shares of Alchemy Malta. The acquisition of Alchemy UK and Alchemy Malta is subject to regulatory approval by the Financial Conduct Authority (FCA UK) and Malta Financial Services Authority (MFSA), respectively.

Key Points: 
  • The Company acquires 100% of Alchemy Markets DMCC (Alchemy UAE), 100% of Alchemy Prime Ltd. (Alchemy UK), and 49.90% of Alchemy Markets Ltd. (Alchemy Malta).
  • Irvine, CA, Oct. 05, 2023 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT ), a fintech-driven company specializing in buying and integrating small to mid-size legacy financial services companies, today announced the definitive agreement with Alchemy Group where the Company acquired 100% of Alchemy Markets DMCC (Alchemy UAE), 100% of Alchemy Prime Ltd. (Alchemy UK), and 49.90% of Alchemy Markets Ltd. (Alchemy Malta).
  • After the acquisition of 49.90% of Alchemy Malta, the Company will control 100.00% of all issued outstanding shares of Alchemy Malta.
  • The acquisition of Alchemy UK and Alchemy Malta is subject to regulatory approval by the Financial Conduct Authority (FCA UK) and Malta Financial Services Authority (MFSA), respectively.

FDCTech Signs a Binding Letter of Intent to Merge with Alchemy Group

Retrieved on: 
Thursday, September 28, 2023
ETF, Education, Financial Conduct Authority, Malta Financial Services Authority, ADS, Law, Alchemy, Linn, DMCC, Acquisition, Companies Act, OTC, Companies House, FCA, Dubai Multi Commodities Centre, License, The Company, Contract for difference, AD, Environment, MFSA, Companies Act 2006, Machine tool, Security (finance), Financial services, Bank, Financial adviser

Irvine, CA, Sept. 28, 2023 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech-driven company specializing in buying and integrating small to mid-size legacy financial services companies, today announced the legally binding agreement with Alchemy Group where the Company will acquire 100% of Alchemy Markets DMCC (Alchemy UAE), 100% of Alchemy Prime Ltd. (Alchemy UK), and the remaining 49.90% of Alchemy Markets Ltd. (Alchemy Malta), collectively known as Alchemy Group. The Company will issue 1,700,000 shares of its Series B Preferred stock, or such other number of shares that the parties agree upon to shareholder(s) of Alchemy Group, for the acquisition. Upon finalizing the merger, the existing management team and board of directors will continue to oversee and manage the Company's operations. This transaction is the result of extensive negotiations commencing in September 2022.

Key Points: 
  • The Company plans to acquire 100% of Alchemy Markets DMCC (UAE), 100% of Alchemy Prime Ltd. (UK), and the remaining 49.90% of Alchemy Markets Ltd. (Malta).
  • Irvine, CA, Sept. 28, 2023 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT ), a fintech-driven company specializing in buying and integrating small to mid-size legacy financial services companies, today announced the legally binding agreement with Alchemy Group where the Company will acquire 100% of Alchemy Markets DMCC (Alchemy UAE), 100% of Alchemy Prime Ltd. (Alchemy UK), and the remaining 49.90% of Alchemy Markets Ltd. (Alchemy Malta), collectively known as Alchemy Group.
  • The combined expertise of FDCTech and the Alchemy Group can lead to operational efficiencies, cost savings, and the potential for innovative product and service offerings.
  • Please visit our SEC filings or the Company's website for more information on the full results, management's plan, and the binding letter of intent.

FDCTech's Quarterly Release for the Second Quarter (FY23 Q2) Results

Retrieved on: 
Monday, August 14, 2023
ETF, Education, ADS, Malta Financial Services Authority, Law, Companies Act, OTC, Contract for difference, Growth, License, The Company, AD, Hand, MFSA, Investment Company Act of 1940, Rare-earth element, Cryptocurrency, Financial adviser

Irvine, CA, Aug. 14, 2023 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech-driven company specializing in buying and integrating small to mid-size legacy financial services companies, today announced the following results for the three and six months ending June 30, 2023, as compared to the corresponding period of June 30, 2022:

Key Points: 
  • The Company reported a net income of $922,343 and $685,168 for the three and six months ending June 30, 2023.
  • The gross margin generated for the three months ending June 30, 2023, and 2022 were $442,657 and $155,121, an increase of 185% from the previous period.
  • The cash on hand was $127,057 as of June 30, 2023, compared to $264,829 on December 31, 2022.
  • Please visit our SEC filings or Company's website for more information on the full results and management's plan.

FDCTech's Quarterly Release for the First Quarter (FY23 Q1) Results

Retrieved on: 
Monday, May 15, 2023
Financial Industry Regulatory Authority, ETF, CIM, Securities Investor Protection Corporation, Education, ADS, Malta Financial Services Authority, Law, Broker-dealer, The Company, SIPC, Companies Act, OTC, FINRA, Contract for difference, Growth, License, AD, Hand, MFSA, Investment Company Act of 1940, Cryptocurrency, Financial services, Financial adviser

Irvine, CA, May 15, 2023 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech-driven company specializing in buying and integrating small to mid-size legacy financial services companies, today announced the following results for the three months ending March 31, 2023, as compared to the corresponding period of last fiscal year:

Key Points: 
  • During the three months ending March 31, 2023, and 2022, the Company incurred a net loss of $237,176 and $403,944, a decrease of 41% from the previous period.
  • The net loss as a percentage of revenue decreased from 26% to 15% for the three months ending March 31, 2023, compared to the previous period.
  • The cash on hand was $139,844 as of March 31, 2023, compared to $264,829 on December 31, 2022.
  • Please visit our SEC filings or Company's website for more information on the full results and management's plan.

FDCTech's 2022 Annual Report Highlights: Record revenue and gross margin set the platform for future profitable growth

Retrieved on: 
Tuesday, April 18, 2023
Agreement, BVI, Financial Industry Regulatory Authority, CMAS, CIM, CMA, Securities Investor Protection Corporation, Education, ADS, AJB, Malta Financial Services Authority, Law, Broker-dealer, Acquisition, SIPC, FDC, Companies Act, FINRA, Growth, The Company, License, AD, Letter, Hand, Virgin Islands, MFSA, Investment Company Act of 1940, Cryptocurrency, Security (finance), Financial adviser

Irvine, CA, April 18, 2023 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech-driven company specializing in buying and integrating small to mid-size legacy financial services companies, today announced the following results for the fiscal year ending December 31, 2022, as compared to the corresponding period of last fiscal year:

Key Points: 
  • The Company’s successful integration of wealth management and enhanced technology businesses drive a 1,310% increase in annual revenue and a staggering 2,310% increase in gross margin.
  • The gross margin generated for the fiscal year ended December 31, 2022, and 2021 were $1,018,940 and $42,277, an increase of 2,310% from the previous period.
  • The net loss as a percentage of revenue decreased from 379% to 16% for the fiscal year ending December 31, 2022, compared to the previous period.
  • The cash on hand was $264,829 as of December 31, 2022, compared to $93,546 on December 31, 2021.

FDCTech amends the date of acquisition of its majority controlling position in New Star Capital Trading Ltd. and its subsidiary.

Retrieved on: 
Tuesday, April 11, 2023
Agreement, BVI, Malta Financial Services Authority, Law, Acquisition, FDC, Companies Act, The Company, License, Virgin Islands, MFSA, Bank Holding Company Act, Airline, Cryptocurrency, New star

Irvine, CA, April 10, 2023 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech-driven acquisition company with a full suite of digital financial services solutions, today announced it had amended the acquisition date of the sales purchase agreement ("Agreement") from December 31, 2022, to February 28, 2023, or later as required by BVI Companies Act, but no later than June 30, 2023. The Agreement under which the Company acquired a 50.10% equity interest in New Star Capital Trading Ltd., a British Virgin Island company ("New Star"), and its wholly-owned operating subsidiary NSFX Ltd ("NSFX"), an online trading brokerage firm regulated by the Malta Financial Services Authority. The Company expects to consolidate the fair value of NSFX's assets and liabilities on or after February 28, 2023, once the date of acquisition is finalized per BVI registry requirement.

Key Points: 
  • New Star Capital Trading Ltd. ("New Star") is a parent company of NSFX Ltd ("NSFX").
  • FDCTech amended the Agreement to comply with the BVI Companies Act requirement for the change of ownership.
  • The Company expects to consolidate the fair value of NSFX's assets and liabilities on or after February 28, 2023, once the date of acquisition is finalized per BVI registry requirement.
  • NSFX trading platform services in the English, French, German, Italian, and Arabic-speaking markets, whereby customers can trade in currency, commodity, equity, and cryptocurrency-linked derivatives in real time.

ZEDRA Completes Rebranding of AlleyBe Group

Retrieved on: 
Monday, March 13, 2023
Consulting, Asset Management, Professional Services, Finance, Malta Financial Services Authority, VFA, Fintech, Corporation, Pension, Knowledge, Acquisition, Incentive, Financial services

ZEDRA, the fast-growing global specialist in Active Wealth, as well as Corporate, Global Expansion, Funds, Pensions and Incentives services, today announces it has completed the integration and rebranding of AlleyBe Group, a leading Maltese corporate service provider, trustee and Virtual Financial Asset (VFA) agent, founded in 2015.

Key Points: 
  • ZEDRA, the fast-growing global specialist in Active Wealth, as well as Corporate, Global Expansion, Funds, Pensions and Incentives services, today announces it has completed the integration and rebranding of AlleyBe Group, a leading Maltese corporate service provider, trustee and Virtual Financial Asset (VFA) agent, founded in 2015.
  • The integration and rebranding follow the firm’s acquisition by ZEDRA in June 2022.
  • Ivo Hemelraad, ZEDRA Chief Executive Officer, commented: “We’re delighted to complete the final stage of our Maltese team integration by rebranding AlleyBe and unifying the brand.
  • Being fully integrated into the global ZEDRA business adds another string to our bow to retain and helps us attract the right talent with the right expertise in a very competitive market.

FDCTech acquires a majority controlling position in New Star Capital Trading Ltd. and its subsidiary, strengthening its strategic focus on the online retail brokerage business.

Retrieved on: 
Friday, January 6, 2023
PricewaterhouseCoopers, Bank Holding Company Act, MFSA, Gun laws in Malta, Law, Category 3, Malta Financial Services Authority, Companies Act, FDC, Cryptocurrency, Acquisition, The Company, License, Virgin Islands, Security (finance), New star

Irvine, CA, Jan. 06, 2023 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech-driven acquisition company with a full suite of digital financial services solutions, today announced it has completed the sales purchase agreement ("Agreement") under which the Company acquired a 50.10% equity interest in New Star Capital Trading Ltd., a British Virgin Island company ("New Star") and its operating subsidiary NSFX Ltd ("NSFX"), an online trading brokerage firm regulated by the Malta Financial Services Authority.

Key Points: 
  • New Star Capital Trading Ltd. ("New Star") is a holding company, and its operating subsidiary NSFX Ltd ("NSFX") is an online trading brokerage firm regulated by the Malta Financial Services Authority.
  • NSFX provides brokerage services in margin trading forex, cryptocurrencies, equity, commodities, and other financial assets.
  • NSFX has furnished the Company with its audited balance sheet for the fiscal year that ended on November 30, 2021, and 2020 (the "Balance Sheet Date").
  • NSFX provided the related audited statements of operations, stockholders' equity, and cash flows for the fiscal years ending November 30, 2021, and 2020.