VANCOUVER, British Columbia, July 23, 2018 /PRNewswire/ --
GoverMedia Plus Canada Corp. (CSE: MPLS) (FWB: 48G) (WKN: A2JF6W) ("GoverMedia" or the "Company"), is pleased to announce it has signed a software development agreement with a Swiss private bank based in Geneva. The bank has a long history in asset and wealth management. The agreement is for the development and sale of a proprietary white labeled messaging platform for the bank's internal communication. The messaging solution is fully customized, with the servers and the encryption keys at the bank level and can be replicated to other banking institutions.
The technology will be built based on GoverMedia's state-of-the-art, proprietary messaging software: MFLY+. The Company's team has already begun the software development activities for the bank's internal messaging platform and is expecting to deliver the final software solution during Q3 2018. The commercial agreement stipulates a software development fee and additional maintenance and technical support fees. These fees represent direct significant revenues to GoverMedia.
Leonid Afanasyev, GoverMedia's Founder and Director, commented "After months of restless work, we are pleased to announce this partnership in the financial heart of Switzerland. Based on years of professional relationship with the bank, we managed to develop a tailor-made solution for the financial institution's needs. The solution the Company has developed is fully adapted to the banking technology infrastructure in Switzerland and can be easily implemented to other banks in our network. We are confident this agreement will provide the basis for many other commercial contracts to come."