NetCenter

BCSC alleges that Vancouver company made misrepresentations, illegally distributed securities and operated an unauthorized exchange

Retrieved on: 
Monday, November 20, 2023
Canadian Securities Exchange, Commission, Prospectus, NetCenter, BCSC, Hearing, White paper, News, Cryptocurrency, Security (finance)

Securities Commission (BCSC) is alleging that a Vancouver payment processing company and its founder and CEO made misrepresentations and illegally distributed securities when it issued a crypto coin and then operated an unauthorized exchange for that coin.

Key Points: 
  • Securities Commission (BCSC) is alleging that a Vancouver payment processing company and its founder and CEO made misrepresentations and illegally distributed securities when it issued a crypto coin and then operated an unauthorized exchange for that coin.
  • NetCents, which was listed on the Canadian Securities Exchange from 2016 to 2021, created a crypto asset called the NetCents Coin, which it sold to approximately 500 investors in B.C.
  • Given the circumstances under which investors acquired the coins, the BCSC alleges that the coin was an investment contract, and thus a security.
  • However, NetCents was not recognized by the BCSC as an exchange, as required by the Securities Act.

NetCents Technology Updates Stakeholders on Ongoing Advancements to its Accounting Processes

Retrieved on: 
Friday, July 28, 2023
Optimism, CSE, BCSC, Face, Bank statement, Canadian Public Accountability Board, Perception, CAD, FSE, British Columbia Securities Commission, Element, USD, CPAB, Visa, Documentation, NetCenter, OTC, Mastercard, Growth, Cryptocurrency, Audit, Retail

Vancouver, British Columbia--(Newsfile Corp. - July 28, 2023) - NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTC: NTTCF) ("NetCents" or the "Company"), a cryptocurrency payments company, is pleased to provide updates on the ongoing progress in its accounting and auditing processes.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - July 28, 2023) - NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTC: NTTCF) ("NetCents" or the "Company"), a cryptocurrency payments company, is pleased to provide updates on the ongoing progress in its accounting and auditing processes.
  • The Canadian Public Accountability Board (CPAB) also has contacted the Company's auditors to review their processes and methods.
  • Rest assured, the NetCents accounting team has painstakingly arranged all necessary paperwork to ensure a smooth auditing process.
  • With these updates and changes, NetCents remains committed to integrating our innovative business model with traditional accounting standards.

NetCents Technology Provides Audit Update

Retrieved on: 
Wednesday, May 31, 2023
CSE, BCSC, FY, Marketing, Bank statement, FSE, British Columbia Securities Commission, NetCenter, OTC, Lifting, Law Reform (Frustrated Contracts) Act 1943, Growth, Security (finance), Cryptocurrency

Vancouver, British Columbia--(Newsfile Corp. - May 31, 2023) - NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTC: NTTCF) ("NetCents" or the "Company"), a cryptocurrency payments company, has made progress in addressing regulatory inquiries and filing audited financial statements.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - May 31, 2023) - NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTC: NTTCF) ("NetCents" or the "Company"), a cryptocurrency payments company, has made progress in addressing regulatory inquiries and filing audited financial statements.
  • Over the past few months, the NetCents' team has been diligently compiling its 2021 financial statements in advance of its 2021 yearend audit.
  • NetCents promptly responded to all inquiries from the BCSC, demonstrating its commitment to transparency and cooperation.
  • The Company expresses its gratitude for the ongoing support of its shareholders and reaffirms its commitment to driving the growth of NetCents.

NetCents Technology Provides Key Performance Indicators Update

Retrieved on: 
Wednesday, March 1, 2023
USD, FSE, NetCenter, Marketing, Workforce, OTC, Growth, Bank statement, United Arab Emirates, CSE, Cryptocurrency, Drug

Vancouver, British Columbia--(Newsfile Corp. - March 1, 2023) - NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTC: NTTCF) ("NetCents" or the "Company"), a cryptocurrency payments company, updates investors on its key performance indicators and its 2021 annual audit.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - March 1, 2023) - NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTC: NTTCF) ("NetCents" or the "Company"), a cryptocurrency payments company, updates investors on its key performance indicators and its 2021 annual audit.
  • Despite the past several months of turbulence in the Cryptocurrency industry, NetCents is pleased to share our solid performance from our ongoing marketing and sales efforts.
  • The average merchant transaction size grew 10 fold from USD$ 391 in 2020 to USD$ 4,500 in 2022.
  • The successful growth in all key performance indicators is a testament to the Company's leadership, strategy, and execution.

NetCents Technology Streamlines Operations, Focusing on the Revenue-Generating Merchant Processing Segment

Retrieved on: 
Tuesday, January 17, 2023
CSE, FSE, Growth, Wind, USD, NetCenter, Cryptocurrency

For the last few years, the Company's primary focus has been the growth of its merchant processing products and services with less reliance on the cryptocurrency exchange.

Key Points: 
  • For the last few years, the Company's primary focus has been the growth of its merchant processing products and services with less reliance on the cryptocurrency exchange.
  • As the Company merchant processing continued to grow, the cryptocurrency exchange became unnecessary for the overall business strategy.
  • At the same time, the Company recognized and focused on its market share and competitive advantages in merchant processing.
  • Virtually all of the Company's growth and revenue for the last two fiscal years was from its merchant services.

NetCents Technology Files 2020 Audited Financial Statements and Provides a Business Conditions Update

Retrieved on: 
Monday, November 14, 2022
FY, Growth, Accounting, United Arab Emirates, Payment Services Directive, Marketing, Risk, NetCenter, Partnership, FSE, File, Central bank, FINTRAC, Audit, Money services business, CSE, MSB, Cryptocurrency

In addition, the Company provides the following update to shareholders on 2021 and 2022 merchant transactions, growth, and corporate developments.

Key Points: 
  • In addition, the Company provides the following update to shareholders on 2021 and 2022 merchant transactions, growth, and corporate developments.
  • The following financial statements are outstanding: audited annual financial statements for Fiscal 2020, interim financial statements for the three months ended January 31, 2021, interim financial statements for the six months ended April 30, 2021, interim financial statements for the nine months ended July 31, 2021, audited annual financial statements for Fiscal 2021, interim financial statements for the three months ended January 31, 2022, and interim financial statements for the six months ended April 30, 2022.
  • This release includes certain statements that may be deemed "forward-looking statements" within the meaning of applicable Canadian securities laws ("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.

NetCents Technology Provides Cryptocurrency Merchant Gateway Technology Advancement Update

Retrieved on: 
Friday, October 21, 2022
Denial-of-service attack, FSE, Flood, Risk, IOT, Technology, Mission statement, Efficiency, Growth, MSB, Theft, History, Automation, Software, Company, Marketing, NetCenter, Lists of disasters, CSE, Money services business, Internet, OTC, File, Accounting, Maintenance, FINTRAC, Decentralized finance, Forward-looking statement, Fire, Data analysis, Solution, Cryptocurrency, Online shopping, Audit

Vancouver, British Columbia--(Newsfile Corp. - October 21, 2022) - NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTC: NTTCF) ("NetCents" or the "Company"), a cryptocurrency payments company, is pleased to provide an update regarding technology advancements of the Company's cryptocurrency merchant gateway.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - October 21, 2022) - NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTC: NTTCF) ("NetCents" or the "Company"), a cryptocurrency payments company, is pleased to provide an update regarding technology advancements of the Company's cryptocurrency merchant gateway.
  • The capacity provides the ability to remain nimble and capitalize on emerging demand in a timely and cost-efficient manner.
  • Through the merchant gateway, the Company collects a myriad of data points on every transaction, payment, sign-up, and account update, providing incredibly detailed insights into all aspects of the business, overall market indicators, and merchant and consumer behaviour.
  • NetCents Technology Inc., the transactional hub for all cryptocurrency payments, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or volatility of the crypto market.

NetCents Technology Provides Update on the Status of the Audit of Its 2020 Financial Statements

Retrieved on: 
Monday, October 3, 2022
FSE, Review, Technology, MSB, Money services business, Industry, CSE, SEDAR, File, Chartered Professional Accountant, Growth, Mission statement, NetCenter, Audit, Forward-looking statement, Risk, FINTRAC, Company

Vancouver, British Columbia--(Newsfile Corp. - October 3, 2022) - NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTCQB: NTTCF) ("NetCents" or the "Company"), a cryptocurrency payments company, provides this further update regarding the status of the audit of the Company's financial statements for the financial year ended October 31, 2020 (the "Audit").

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - October 3, 2022) - NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTCQB: NTTCF) ("NetCents" or the "Company"), a cryptocurrency payments company, provides this further update regarding the status of the audit of the Company's financial statements for the financial year ended October 31, 2020 (the "Audit").
  • Further to the Company's press release dated On September 14, 2022, as stated the Company delivered the draft of the annual financial statements.
  • The following financial statements are outstanding: audited annual financial statements for Fiscal 2020, interim financial statements for the three months ended January 31, 2021, interim financial statements for the six months ended April 30, 2021, interim financial statements for the nine months ended July 31, 2021, audited annual financial statements for Fiscal 2021, interim financial statements for the three months ended January 31, 2022, and interim financial statements for the six months ended April 30, 2022.
  • This release includes certain statements that may be deemed "forward-looking statements" within the meaning of applicable Canadian securities laws ("forward-looking statements").

NetCents Technology Provides Update on the Status of the Audit of Its 2020 and 2021 Financial Statements

Retrieved on: 
Wednesday, September 14, 2022
Risk, PKF, FSE, Proprietary company, NetCenter, Company, Growth, Money services business, Review, Industry, Forward-looking statement, File, FINTRAC, Fiscal, CSE, MSB, Technology, Chartered Professional Accountant, SEDAR, Mission statement, Accounting, Audit, Audit

Vancouver, British Columbia--(Newsfile Corp. - September 14, 2022) - NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTCQB: NTTCF) ("NetCents" or the "Company"), a cryptocurrency payments company, provides this update regarding the status of the audit of the Company's financial statements for the financial years ended October 31, 2020 and October 31, 2021 (the "Audits").

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - September 14, 2022) - NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTCQB: NTTCF) ("NetCents" or the "Company"), a cryptocurrency payments company, provides this update regarding the status of the audit of the Company's financial statements for the financial years ended October 31, 2020 and October 31, 2021 (the "Audits").
  • The Company expects to be able to finalize and file on SEDAR its annual financial statements for Fiscal 2020 by the end of September 2022 and also expects to complete the audit of the annual financial statements for Fiscal 2021 shortly thereafter.
  • The following financial statements are outstanding: audited annual financial statements for Fiscal 2020, interim financial statements for the three months ended January 31, 2021, interim financial statements for the six months ended April 30, 2021, interim financial statements for the nine months ended July 31, 2021, audited annual financial statements for Fiscal 2021, interim financial statements for the three months ended January 31, 2022, and interim financial statements for the six months ended April 30, 2022.
  • This release includes certain statements that may be deemed "forward-looking statements" within the meaning of applicable Canadian securities laws ("forward-looking statements").

NetCents Technology Announces an Update on the Annual Audit

Retrieved on: 
Thursday, May 5, 2022
Mission statement, Company, CSE, FINTRAC, Money services business, OTC, NetCenter, Annual Filing Season Program, Efficiency, Technology, FSE, MSB, Risk, Cryptocurrency

Vancouver, British Columbia--(Newsfile Corp. - May 5, 2022) - NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTC: NTTCF) ("NetCents" or the "Company"), a cryptocurrency payments company, updates investors on the ongoing annual audit.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - May 5, 2022) - NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTC: NTTCF) ("NetCents" or the "Company"), a cryptocurrency payments company, updates investors on the ongoing annual audit.
  • The additional time is required to permit the Company's auditors, Antares Professional Corporation (PKF Antares), to complete procedures and enquiries in connection with the audit and the annual financial statements.
  • NetCents Technology Inc., the transactional hub for all cryptocurrency payments, equips forward- thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or volatility of the crypto market.
  • NetCents Technology is registered as a Money Services Business (MSB) with FINTRAC.