April 22, 2019 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”) is
pleased to announce the addition of Nathan M. Barotz as the Company’s General Counsel.
Mr. Barotz’ appointment is a clear reflection of the company’s current state – enthusiastic
about the Company’s future and confident after its first strong year of successful
development of Newt’s prepayment and bill payment platform.
“Newt’s platform is poised for major development expansion, and we are excited that, in
collaboration with our development partners, there is an enormous opportunity for Newt in
the market. We are pleased to have Mr. Barotz as part of the Newt management team; his
participation will be integral in helping the Company achieve continued success,” – said
Steven Hoffmann, member of the Company’s board of directors.
He will serve as senior company officer for compliance and privacy and
will be an active member of the management team. Mr. Barotz has been practicing law for
close to 30 years and has a record of providing strategy and guidance that has enabled small
to midsize enterprises achieve aggressive growth objectives via strategic and profitable
transactions and expansion plans while substantively reducing risk / exposure. Mr. Barotz
has both law firm and general counsel experience, has been admitted to the bar in the states
of New York and Connecticut, and is a United States Certified Information Privacy
“We are very proud of Newt’s innovative solution, and we are strongly convinced that we
will be able to change the paradigm in prepayment and bill payment sector. I’m excited
about being part of the team,” – said Mr. Barotz.
Mr. Barotz is responsible for aligning the legal resources of the company with its long-term
Newt Corporation is a Canadian Company that aims to become a Fintech Leader in Prepaid
and Bill Payment transfers, mobile and digital online payments. Utilizing the latest
payment processing technologies and collaborating with solid partners, Newt provides
merchants, consumers, and the unbanked population with cashless mobile payment
services, rechargeable prepaid cards, and other services.
By choosing Newt Payment System, end customers will take the guessing game out of
sending payments, and merchants will be empowered to provide seamless transactions in
a more secure and efficient way.
Newt’s next generation payment transfer solutions use new methods for international
digital transfers. The company’s platform has been designed from the ground up for modern
digital transfers with an ecosystem with full configurability, open API integration, and
enhanced value-added services.
For more information, visit www.GetNewt.com.
For further information, please contact:
100 King St. West, Suite 5700
Toronto, ON M5X 1C7
Forward – Looking Information
Certain information set forth in this news release may contain forward – looking information that
involve substantial known and unknown risks and uncertainties. This forward – looking information is
subject to numerous risks and uncertainties, certain of which are beyond the control of the Company,
including, but not limited to, the impact of general economic conditions, industry conditions, failure to
enter into a definitive agreement and complete the Acquisition, and dependence upon regulatory
approvals. Readers are cautioned that the assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward – looking information. The parties undertake no
obligation to update forward – looking information except as otherwise may be required by applicable