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Globalive Technology Inc. (TSX-V: LIVE) (the “Company”), a technology company focused on developing innovative payment, billing and credit solutions for consumers and businesses, today announced that the Company’s partner Flexiti Financial (“Flexiti”), a leading point-of-sale consumer financing solutions provider for retailers, will provide its financing technology for D.O.T. Furniture under a new long-term agreement. D.O.T. Furniture is a home furnishings retailer with 22 locations across southern Ontario.

“Over our 20-year history, we’ve sought to offer our customers greater choice in high-quality products and styles to furnish their homes just as they please,” said Tony Niceforo, President of D.O.T. Furniture. “We’re pleased to add a financing solution like Flexiti’s that brings greater comfort and flexibility to the checkout counter.”

Flexiti’s mobile, fully automated and 100% paperless solution enables customers to apply for a private label credit card usable within Flexiti’s network of nearly 4,000 retail locations across Canada. The application only takes a few minutes and grants qualified customers access to flexible payment plans with low interest options and eliminates the need to reapply for financing in the future. Flexiti’s solution provides retailers with a quick and easy way to drive increased sales and build brand loyalty.

“Through its dedication to product quality and commitment to customer service, D.O.T. Furniture has become a leading destination for home furnishings,” said Peter Kalen, Founder and CEO of Flexiti. “We look forward to implementing our financing platform and giving customers another compelling reason to shop at D.O.T. locations.”

Flexiti and the Company are parties to a technology development agreement and the Company is a shareholder of Flexiti.

“Flexiti continues to build momentum among big-ticket retailers across North America thanks to its award-winning technology,” said Anthony Lacavera, Chief Executive Officer of Globalive Technology. “This consistent ability to win over new customers and the increased network effects this growth brings gives us great confidence in Flexiti.”


SOURCE Globalive Technology

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