GoldMoney Inc. Reports January 2016 Key Performance Indicators for the BitGold and GoldMoney BusinessesFeb 1, 2016
GoldMoney Inc. Reports January 2016 Key Performance Indicators for the BitGold and GoldMoney Businesses
Toronto, Ontario (February 1, 2016) – GoldMoney Inc. (TSX-V: XAU), a full-reserve and gold-based financial service and technology group, is pleased to announce Key Performance Indicators (KPI’s) for its two operating platforms for the period ending January 31, 2016.
BitGold Key Performance Indicators:
User Sign Ups
|Period||Total User Signups – End of Period||Net Increase/Decrease|
Transaction Volume (Gold Grams)
|Period||Transaction Volume – End of Period (grams)||Net Increase/Decrease (grams)||Value in CAD for Reference|
|January 2016||825,518||+155,868||C$ 41,705,169|
Customer Gold in Vaults (Gold Grams)
|Period||Gold in Vaults – End of Period (grams)||Net Increase/Decrease||Value in CAD for Reference|
|January 2016||500,527||+62,822||C$ 25,286,624|
Defined as deposits, redemptions and payments on the network.
Defined as total segregated and allocated customer gold under safekeeping.
“BitGold has kicked off 2016 with great momentum,” said Darrell MacMullin, CEO of BitGold Corp. “January’s strong growth in our users, that are deepening their relationship with us reflect BitGold’s progress in delivering on our goal to expand the accessibility and utility of Gold. We saw nearly 50% month over month increase in the core metrics on a comparable marketing spend to December.”
“The most promising indicator highlighting network growth was non-deposit transactions that grew at record numbers, more than 90% month over month. This reflects the growing trust of our users in the platform and their increased adoption of p2p payments, request payment tools and the prepaid card program”.
“In the face of global currency volatility and slowing economies around the world, we see tremendous opportunity ahead to further expand BitGold’s reach and utility with new upcoming tools to innovate how Global Savings and Payments can work.” said MacMullin. Further highlights of January’s business growth can viewed here: https://www.bitgold.com/blog/infographic-bitgold-kpis-january-2016/
GoldMoney Key Performance Indicators:
|Period||Total Funded Accounts||Net Increase/Decrease|
Transaction Volume (Canadian Dollars)
|Period||Transaction Volume – End of Period||Net Increase/Decrease|
|January 2016||C$ 29,416,033||C$ -12,432,488|
|December 2015||C$ 41,848,521||C$ +6,233,119|
Customer Assets under Administration
|Period||Customer Assets||Net Increase/Decrease|
|January 2016||C$ 1,579,918,703||C$ +68,957,581|
|December 2015||C$ 1,510,961,122||C$ +40,443,334|
Defined as all dealing (buy/sell), deposits, and redemption activity by GoldMoney clients.
Defined as total segregated and allocated customer precious metals and full reserved currency balances under safekeeping.
*January figures for GoldMoney are as of January figures for GoldMoney are as of January 29th 2016 due to time difference and close of business in UK. The final two days of activity for January will be included in February KPI figures.
GoldMoney Inc. is a global, full-reserve and gold-based financial services group. GoldMoney provides financial services as a trusted, limited third-party, combining the unique attributes of gold with technology-driven innovation. Through GoldMoney® the company offers precious metals custody and wealth services, trading and execution, and independent research to individual investors and institutions. Through BitGold™ the company operates a self-directed savings platform and a payments network allowing individuals and businesses to make or receive online, in-store or mobile payments. GoldMoney Inc. has over 700,000 clients from over 200 countries and $1.6 billion in client assets under administration. GoldMoney is regulated by the Jersey Financial Services Commission (JFSC) as a Money Services Business. The JFSC is the main supervisory body that oversees and regulates Jersey’s large financial services industry. For more information on BitGold, visit bitgold.com. For more information on GoldMoney, visit ir.goldmoney.com.
For more information, please contact:
Chief Strategy Officer & Director
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy of this release.
This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: the Company’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; unproven markets for the Company’s product offering; volatility of gold prices & public interest in gold investment; lack of regulation and customer protection; the need for the Company to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; foreign currency and gold trading risks; use and storage of personal information and compliance with privacy laws; use of the Company’s services for improper or illegal purposes; global economic and financial market conditions; uninsurable risks; and those risks set out in the Company’s public documents filed on www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.