DGAP-News: Cashcloud AG: Trading in Cashcloud shares expected to resume shortly
17.11.2015 – 10:02
DGAP-News: Cashcloud AG / Key word(s): Expansion Cashcloud AG: Trading in Cashcloud shares expected to resume shortly 17.11.2015 / 10:00 -------------------------------------------------------------------------------- Trading in Cashcloud shares expected to resume shortly - Mobile payments in 12 languages - Cashcloud launch in USA anticipated in first quarter of 2016 - WhatsApp available as new customer-service tool - Level 1 ADR program in USA planned The Board of Directors of Cashcloud AG announced today that trading in Cashcloud shares, which was halted on October 22, 2015, is expected to resume in the coming days. The Company previously stated that it was not responsible for the suspension of trading. Cashcloud currently has 178,000 registered users and is aiming to have 200,000 registered users by the end of the year. Plans to expand Cashcloud operations in 22 countries, including the USA and in five currency areas are on track. The Cashcloud website has already been expanded and is currently available in 12 languages along with the Company's mobile app. The anticipated launch of Cashcloud in the USA in the first quarter of 2016 will make payment by cash and credit card a thing of the past. In addition, Cashcloud has also expanded its internal capacities and competencies in the area of Big Data. This additional expertise will allow Cashcloud to generate revenues from information generated by its customer life-cycle management program, as well as its customer loyalty program and customer behavior analysis activities. Furthermore, customer service has been further enhanced and Zendesk has been introduced. Zendesk is the Company's cloud-based customer support program that offers registered users helpdesk ticketing, self-service and customer support functions. The latest news in customer service is the planned integration of WhatsApp as a new tool that will allow Cashcloud users to communicate directly with the customer service group directly via WhatsApp. Strong progress being made internationally Cashcloud AG has decided to initiate a Level 1 ADR program in the USA as part of its preparatory efforts to expand into the USA. Upon completion, this step will enable investors in the USA to acquire Cashcloud shares via the Over the Counter (OTC) market. The future Chairman of Cashcloud's Board of Directors, Prof. Moritz Hunzinger, stated that: "Our objective is to play a leading role in the American mobile payments market in the foreseeable future." In addition, Cashcloud is in the final stages of negotiations with collaborating partners to expand the availability of the mobile application into additional countries within the Eurozone and in other currency areas such as the UK (GBP), Switzerland (CHF), Poland (PLN) and Romania (RON). Cashcloud will publicly announce the conclusion of these negotiations as the take place without delay. Today, Cashcloud is internationally active and maintains offices in six countries across Europe. The Company employs 62 people from 12 countries (Germany, France, Portugal, Poland, Romania, Ukraine, Moldavia, Spain, Bulgaria, Ecuador, Switzerland, and the Netherlands). About Cashcloud AG The cashcloud solution, which has won numerous internationally recognised awards, sets innovative standards in the fast-growing digital and mobile payment transaction market. Available in Germany, France, Spain and the Netherlands, the application has generated more than 178.000 registered users already. The solution is complemented with a prepaid MasterCard(R) and an NFC sticker based on a partnership with MasterCard(R), making cashless and contactless payments and money transfers between friends easier than ever before. Cashcloud is opening up global market potential with innovative solutions and superior technology. The shares of Cashcloud AG (symbol: KCC; ISIN CH0132106482) are listed on the General Standard of Deutsche Börse AG. Contact for press:press@cashcloud.com Contact for investors:investors@cashcloud.com, Tel. +41 (0) 616 38 40 37 Disclaimer This announcement does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in Cashcloud AG; it is provided solely for purposes of information. Any information shown in this announcement is intended exclusively for persons having their main residence or registered office in Germany and Luxembourg. In particular, the information in this announcement does not constitute or shall be construed as an offer to purchase securities in Cashcloud AG for persons having their main residence or registered office in other countries, e.g. United States of America, Japan and Canada. Only the information included in the approved securities prospectus of Cashcloud AG dated May 13, 2015 is definitive for the purchase of shares in Cashcloud AG; the securities prospectus is published on the Company's website www.cashloud.ag in the section "Investor Relations". The approved securities prospectus can also be requested free of charge from Cashcloud AG (Steinenvorstadt 13, 4051 Basel, Schweiz). -------------------------------------------------------------------------------- 17.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Language: English Company: Cashcloud AG Steinenvorstadt 13 4051 Basel Switzerland Phone: +41 61 638 2052 Fax: +41 61 638 2025 Internet: www.cashcloud.ag ISIN: CH0132106482 WKN: A14NYB Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Stuttgart End of News DGAP News Service -------------------------------------------------------------------------------- 413669 17.11.2015