Govermedia Plus Canada Corp. Announces Achieved Targeted Milestones and Provides Business Update

VANCOUVER, British Columbia, September 26, 2018 /PRNewswire/ --

GoverMedia Plus Canada Corp ("GoverMedia" or the "Company"), is pleased to announce the following business updates and milestones:

- As of mid-September, the number of registered users on the GoverMedia platform reached approx. 270,000. The Company has set the target of reaching 1.0 million users in the next 12 months.

- GoverMedia has signed a letter of intent with Cocos Group - an intermediary platform providing innovative solutions for cooperation between producers and traders in the fashion world, located in Israel - for joint e-commerce and promotion activities in their respective platforms.

- The Company has signed an agreement with the Russian commercial bank AkBars Bank allowing GoverMedia's users the possibility to open bank accounts at attractive terms. AkBars Bank is one of the largest banks based on asset size in the Russian Federation.

- GoverMedia participated in the Russian-Chinese intergovernmental delegation in the People's Republic of China at the beginning of Sept. where advanced discussions were conducted with the top management of Chinese companies. These included iFLYTEK CO, where an agreement was reached to draft a plan for potential cooperation.

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Roland Bopp, CEO, commented: "Besides expanding the user base exponentially in the Russian speaking countries, GoverMedia's strategic objective is to grow the user base in rapidly growing key markets outside the Russian speaking countries. Based upon market assessments conducted by independent third parties, we expect the e-commerce cross-border transaction volume between the Russian speaking countries and China and Israel to grow rapidly. We are pleased to have initiated these discussions with major companies in China as we see a fast user growth between these two large economies. We also signed an LoI with the Israeli fashion company, Cocos Group. GoverMedia Plus is on track to reach its objectives of 1.0 million within the next 12 months".

To read the full press release please click here [ ].

Contact: Roland J. Bopp President and CEO +1-(888) 672-4415


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