Mexico City, June 22, 2018 (GLOBE NEWSWIRE) -- QPAGOS (QPAG: OTCQB), a U.S. based provider of self-service electronic payment solutions, today announced it has partnered with Instituto del Deporte y la Recreación del Estado de Queretaro (INDEREQ), to deploy self-service kiosks and accept payments for INDEREQ members in the State of Queretaro, Mexico.
INDEREQ, created as an independent public entity of the State of Queretaro, has the mission of promoting and sponsoring sports in the State of Queretaro. In fact, INDEREQ this week is sponsoring the Olimpiada Nacional y el Nacional Juvenil 2018 (National Junior Olympics 2018) where hundreds of young people will compete across multiple sport disciplines.
Three of five initial QPAGOS self-service kiosks have already been installed at INDEREQ facilities, making the City of Queretaro and its surrounding areas a unique hub for QPAGOS as it also has deployed several kiosks in Queretaro state offices and in different municipalities within the City of Queretaro metropolitan area.
"It is an honor to collaborate with INDEREQ as we bring to their membership through our self-service technology a convenient location where to make their payment of dues as well as multiple other services, including utilities, mobile top up and municipal and federal payments," said Gaston Pereira, President and CEO of QPAGOS. "We also congratulate Queretaro on hosting the National Junior Olympics 2018 this week."
United States based QPAGOS offers cutting edge digital payment services for consumers and service providers in Mexico where 60% of the adult population does not have a bank account and where 95% of consumer purchase are made in cash. It operates a network of self-service kiosks and applications offering alternative payment more convenient for consumers and a more efficient billing platform for service providers. (www.qpagos.com)
SAFE HARBOR STATEMENT
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statement of historical fact contained in this press release are forward-looking statements. In some case, forward-looking statements can be identified by terminology such as "anticipate," "believe," "can," "continue," "could," "estimate, "expect," "intend," "may," "plan," "potential," "predict," "project," "should," or "will" or the or the negative of these terms or other comparable terminology and include statements regarding our plans to deploy self-service kiosks and accept payments for INDEREQ members in the State of Queretaro, Mexico through our partnership with INDEREQ. These forward-looking statements are based on expectations and assumptions as of the date of the press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectation include, among others, our ability to deploy self-service kiosks and accept payments for INDEREQ members in the State of Queretaro, Mexico and the other risks outlined under "Risk Factors" in QPAGOS' Current Report on Form 8-K dated May 13, 2016 and its other filings with the SEC, including subsequent periodic reports on Forms 10-Q, 10-K and 8-K. The information in this release is provided only as of the date of this release, and QPAGOs does not undertake any obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
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