KinerjaPay Corp. Issues Chairman's Letter to Shareholders
JAKARTA, Indonesia, January 17, 2018 /PRNewswire/ --
KinerjaPay Corp., (OTCQB: KPAY), a digital payment and ecommerce platform, ("KinerjaPay" or the "Company") today issued a letter to shareholders.
Letter from the Chairman,
To our Shareholders,
It is with my greatest honor to welcome everyone to an exciting year for KinerjaPay Corp. in 2018. It has been a fruitful for us at KinerjaPay in 2017, one in which we were very fortunate to have support and trust from our partners and shareholders, allowing us to grow KinerjaPay's presence across Indonesia.
In 2018, we are looking ahead to even more exciting events to come. We have several key developments in place to grow the business to the next level. Such developments include our plan to launch Initial Coin Offering (ICO) of our own indigenous virtual currency, called KCOIN, to establish a Business to Business (B2B) platform, and also implement a very ambitious Merger & Acquisition campaign to further dominate our market.
As I mentioned last year that KinerjaPay's platform had been prepared and built to manage anticipated growth, and over the course of 2017 we achieved tremendous traction with consumers leading to substantial advances in sales and revenue. Although we did encounter some challenges in the face of regulatory changes in Indonesia, we were still able to thrive, and stabilized the business by year-end.
Over the next 6 months, KinerjaPay (ticker symbol: KPAY) will be highly engaged in talks to finalize the acquisition of one of the largest e-payment portal and "Pulsa" or phone top-up companies in Indonesia. This transaction will have substantial impact on the Company's revenue and exponentially improve our bottom line. Also, we plan to complete the Company's ICO by 2nd quarter of this year to introduce the 1st Indonesia-based Cryptocurrency to the world with our own Exchange, called KryptoX. Lastly, our current platform has been enhanced with trading facilities to support B2B deals, especially in commodity trading and other dairy goods.
With these key agendas on our table, we, at KinerjaPay Corp., are very confident to bring more Good News to our shareholders, partners, and staffs. We believe this new endeavor will propel transaction volume and profitability, enabling KinerjaPay to continue the dynamic growth trends established over the past year.
Again, I would like to personally thank each of you for your continued trust and support of management. We will continue to work diligently to grow KinerjaPay into a successful, multinational company for all our beloved stakeholders.
Yours sincerely,
Edwin W. Ng
Chairman and CEO
KinerjaPay Corp.
About KinerjaPay KinerjaPay enables consumers to "pay, play and shop" through its secure web portal and mobile applications. Based in Indonesia, the platform provides a secure payment solution as well as a growing virtual marketplace, where participants can buy and sell products and services. The Company also offers a number of in-app services that cater to mobile users, such as an eWallet, social engagement and digital entertainment related applications. KinerjaPay is also pursuing other eCommerce verticals including travel, fashion, gaming and productivity applications. The Company's services are available through its mobile applications and on its website at http://www.kinerjapay.com.
Notice Regarding Forward-Looking Statements This press release may contain forward-looking statements, about KPAY's expectations, beliefs or intentions regarding, among other things, its product development efforts, business, financial condition, results of operations, strategies or prospects. In addition, from time to time, KPAY or its representatives have made or may make forward-looking statements, orally or in writing. Forward-looking statements can be identified by the use of forward-looking words such as "believe," "expect," "intend," "plan," "may," "should" or "anticipate" or their negatives or other variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical or current matters. These forward-looking statements may be included in, but are not limited to, various filings made by KPAY with the U.S. Securities and Exchange Commission, press releases or oral statements made by or with the approval of one of KPAY's authorized executive officers. Forward-looking statements relate to anticipated or expected events, activities, trends or results as of the date they are made. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause KPAY's actual results to differ materially from any future results expressed or implied by the forward-looking statements. Many factors could cause KPAY 's actual activities or results to differ materially from the activities and results anticipated in such forward-looking statements, including, but not limited to, the factors summarized in KPAY 's filings with the SEC. In addition, KPAY operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond its control. KPAY does not undertake any obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise. Please see the risk factors associated with an investment in our securities which are included in our Annual Report on Form 10-K as filed with the U.S. Securities and Exchange Commission on February 11, 2016.
Media Contact: KinerjaPay Corp., Email: info@kinerjapay.co , +62-8229-777-0098
SOURCE KinerjaPay Corp.
