Nixxy Signs Infrastructure Services Contract with Telforge, Inc. to Manage an Estimated $60,000,000 in Telecommunications Traffic ELEMENT-- Press Alt+1 for screen-reader mode, Alt+0 to cancel Accessibility Screen-Reader Guide, Feedback, and Issue Reporting | New windowBack to the NewsroomNixxy Signs Infrastructure Services Contract with Telforge, Inc. to Manage an Estimated $60,000,000 in Telecommunications TrafficNEW YORK, NY / ACCESS Newswire/ March 19, 2026 / Nixxy, Inc. (NASDAQ:NIXX) ("Nixxy" or the "Co ...

Singapore, Singapore--(Newsfile Corp. - March 18, 2026) - FingerMotion, Inc. (NASDAQ: FNGR) ("FingerMotion" or the "Company"), a mobile services, data and technology company, is pleased to announce that it has entered into a share exchange agreement (the "Share Exchange Agreement") with Telforge, Inc. ("Telforge"), a Nevada corporation, and the shareholders of Telforge (the "Shareholders"). Telforge is a voice and messaging telecom service provider offering cloud-based voice, messaging, and unified communi ...

Core Viewpoint - FingerMotion Inc. has entered into a non-binding Memorandum of Understanding (MOU) with Digital Landia Ltd. to explore the development of a minimum viable product (MVP) and marketplace initiative for North America [1][2]. Group 1: MOU Details - The MOU aims to evaluate the feasibility of integrating Digital Landia's proposed protocol framework with FingerMotion's existing mobility data infrastructure for potential market entry in North America [2]. - The proposed MVP initiative will include the development of a North American B2C marketplace utilizing AI and blockchain-based architecture, a compliant monetization strategy, and performance monitoring for data collection [7]. - The parties will conduct due diligence to assess technical, regulatory, and commercial feasibility, with a potential definitive cooperation agreement to be negotiated within approximately 60 days [2][3]. Group 2: Company Overview - FingerMotion is a technology company focused on mobile payment and recharge platform solutions in China, aiming to grow its user base and develop an ecosystem of highly engaged users [4]. - The company envisions serving over 1 billion users in the China market and plans to expand its model to other regional markets [4].

Financial Performance - Reported quarterly revenue of $5.80 million, a 32% decrease compared to Q3 of fiscal 2025[8] - Telecommunications Products & Services business revenue was $5.76 million, down 32% compared to Q3 of fiscal 2025[8] - DaGe Platform generated $4,354 in revenue, a significant decline from $30,529 in Q3 of fiscal 2025 due to capital constraints[8] - Net loss attributable to shareholders was $1.67 million, a 0.6% increase from $1.66 million in Q3 of fiscal 2025[8] - Operating expenses were $1.96 million, a 4.5% decrease from $2.06 million in Q3 of fiscal 2025[8] - The Big Data segment generated $126 in revenue, compared to nil in Q3 of fiscal 2025, indicating initial growth in this area[8] Assets and Liabilities - On November 30, 2025, total assets were $60.06 million and total liabilities were $43.71 million[13] - The company reported a working capital surplus of $7.26 million and shareholders' equity of $16.34 million as of November 30, 2025[8] Business Strategy - FingerMotion is transitioning towards a more diversified business model, focusing on Command and Communication segment growth[9] - CEO Martin Shen emphasized a disciplined approach to capital management and a focus on operational efficiency to drive higher revenues[10]

Core Viewpoint - FingerMotion, Inc. is transitioning towards a more diversified business model while facing capital constraints that have impacted its financial performance in Q3 of fiscal 2026 [2][3]. Financial Performance - Reported quarterly revenue of $5.80 million, a 32% decrease compared to Q3 of fiscal 2025 [6]. - Telecommunications Products & Services revenue was $5.76 million, down 32% from Q3 of fiscal 2025 [6]. - DaGe Platform revenue decreased to $4,354 from $30,529 in Q3 of fiscal 2025 due to capital constraints affecting promotional activities [6]. - Command and Communication segment generated $31,051 in revenue, a significant increase from $138 in Q3 of fiscal 2025 [6]. - Big Data segment reported revenue of $126, compared to nil in Q3 of fiscal 2025 [6]. - Cost of revenue decreased to $5.53 million, resulting in a gross profit of $263,103, a 41% decrease from Q3 of fiscal 2025 [6]. - Operating expenses were $1.96 million, a 4.5% decrease from $2.06 million in Q3 of fiscal 2025 [6]. - Net loss attributable to shareholders was $1.67 million, a slight increase from $1.66 million in Q3 of fiscal 2025 [6]. - Basic and diluted loss per share remained at $0.03, unchanged from Q3 of fiscal 2025 [6]. Company Strategy - The company is focusing on capital management and pivoting towards high-growth opportunities, particularly in the Command and Communication platform [3]. - The goal is to build a leaner, more diversified company to drive higher revenues and stronger margins through operational efficiency [3]. - FingerMotion aims to grow its user base organically and develop an ecosystem of highly engaged users, with a long-term vision of serving over 1 billion users in the China market [4]. Financial Position - As of November 30, 2025, FingerMotion had $24,214 in cash and cash equivalents, a working capital surplus of $7.26 million, and shareholders' equity of $16.34 million [6]. - Total assets were reported at $60.06 million, with total current liabilities at $43.70 million and total liabilities at $43.71 million [6]. - The company had 61,217,225 shares of common stock issued and outstanding as of November 30, 2025 [6].

Financial Performance - Total revenue for the nine months ended November 30, 2025, was $22,902,695, a decrease of 9.1% compared to $25,366,825 for the same period in 2024[13] - Gross profit for the nine months ended November 30, 2025, was $454,364, down from $1,426,487 in 2024, reflecting a gross margin decline[13] - Net loss attributable to the Company's stockholders for the nine months ended November 30, 2025, was $5,219,763, compared to a net loss of $5,004,934 in 2024, indicating a 4.3% increase in losses[13] - The company reported a comprehensive loss of $4,827,305 for the nine months ended November 30, 2025, compared to $5,103,319 in 2024, reflecting a slight improvement[13] - For the nine months ended November 30, 2025, FingerMotion, Inc. reported a net loss of $5,253,897 compared to a net loss of $5,009,095 for the same period in 2024, indicating an increase in losses[18] - The net loss for the nine months ended November 30, 2025, was $5,253,897, compared to a net loss of $5,009,095 for the same period in 2024[76] Assets and Liabilities - Total current assets increased to $50,953,944 as of November 30, 2025, from $42,037,360 as of February 28, 2025, representing a growth of 21.5%[11] - Total liabilities rose to $43,713,994 as of November 30, 2025, compared to $35,161,495 as of February 28, 2025, marking an increase of 24.3%[11] - Cash and cash equivalents decreased significantly to $24,214 from $1,128,135, indicating a liquidity challenge[11] - Accounts receivable increased to $44,247,007 as of November 30, 2025, from $32,659,437 as of February 28, 2025, showing a rise of 35.5%[11] - The company reported an accumulated deficit of $39,407,147 as of November 30, 2025, compared to $34,187,384 as of February 28, 2025[76] Equity and Shares - The weighted average common shares outstanding increased to 59,050,988 for the nine months ended November 30, 2025, compared to 52,898,259 in 2024, reflecting a dilution effect[13] - The company issued common stock for professional services amounting to $172,105 during the nine months ended November 30, 2025[18] - FingerMotion, Inc. reported a total of $3,321,900 in proceeds from the issuance of common stock during the nine months ended November 30, 2025[18] - The company issued 51,296 shares of common stock under a Sales Agreement from October 23, 2025, to November 30, 2025, generating gross cash proceeds of $80,087[103] - As of November 30, 2025, the total number of outstanding shares was 61,217,225, with no preferred shares issued[104] Research and Development - Research and development expenses for the nine months ended November 30, 2025, were $335,402, down from $506,001 in 2024, indicating a reduction in investment in innovation[13] - Research and development expenses for the Company include costs related to the integration of its Mobile Integrated Command and Communication Platform into emergency response vehicles[67] VIE and Subsidiaries - The Company utilizes variable interest entities (VIEs) to maintain operational control over certain subsidiaries in compliance with PRC regulations, ensuring consolidation of their financial results[24][34] - The VIE Agreements allow the Company to consolidate the financial results of JiuGe Technology in its financial statements[161] - JiuGe Technology has established contracts with China Unicom and China Mobile to provide mobile data services in key provinces, enhancing service offerings and potentially expanding into additional provinces[164] - The total assets of the VIE's subsidiaries increased to $46,033,705 as of November 30, 2025, from $34,671,823 as of February 28, 2025, representing a growth of about 32.7%[38] Loans and Financing - On June 1, 2024, Finger Motion Company Limited entered into a loan agreement for a short-term loan facility of SGD$370,000 with an interest rate of 1.67% per month[135] - The Company repaid two short-term loans totaling SGD$620,000 on February 14, 2025[138] - A short-term loan of SGD$500,000 was repaid on July 21, 2025[139] - Another short-term loan of SGD$500,000 was repaid on August 1, 2025, with an extension of the final tranche of SGD$500,000 at an increased interest rate of 2% per month[140] Revenue Recognition and Accounting - The Company recognizes revenue when specific conditions are met, including the provision of services and the probability of fee collection[65] - The Company is currently evaluating the impact of recently issued accounting standards on its consolidated financial statements and related disclosures[73] Operational Developments - The Company expanded its telecommunications product offerings, including mobile payment services and a new Mobile Device Protection product as part of subscription plans for 5G devices[187] - The RCS platform development aims to enhance user experience on 5G infrastructure, with ongoing discussions for necessary approvals before launch[189] - The Company launched the "Sapientus" big data insights platform in July 2020, targeting the insurance and financial services industries with data-driven solutions[190] - The C2 Platform for public safety agencies has seen advancements, with pilot deployments and partnerships established for real-time data sharing and situational awareness[198] - The DaGe platform for automotive services expanded its network of service providers and EV charging stations, contributing to revenue growth through increased transaction volumes[201] Risks and Compliance - The company is subject to risks regarding the validity of the VIE Agreements under Chinese law, which could impact operations and share value[174] - The Company has not been required to obtain permissions from Chinese authorities for its operations as of the date of the report[157]

Core Viewpoint - FingerMotion Inc. has entered into a non-binding term sheet with a telecom service provider for a potential acquisition, which is aimed at expanding its telecom service capabilities and enhancing its data-driven enterprise solutions [1][3] Company Overview - FingerMotion is a technology company specializing in mobile payment and recharge platform solutions in China, with a vision to grow its user base to over 1 billion and develop a highly engaged ecosystem of users [4] Acquisition Details - The term sheet allows both parties to conduct mutual due diligence and negotiate a definitive acquisition agreement, although no binding agreement has been executed yet [1][2] - The potential acquisition is subject to negotiation, due diligence, customary closing conditions, and approval by the Company's Board of Directors [2] Strategic Focus - The CEO of FingerMotion emphasized that the acquisition aligns with the company's strategic focus on expanding telecom service capabilities and enhancing shareholder and customer value [3]

Core Insights - FingerMotion Inc. has launched the JiuGe Procurement Platform through its subsidiary, JiuGe Technology, aimed at enhancing its mobile recharge business and expanding service offerings [1][5] Group 1: Platform Features and Benefits - The JiuGe Procurement Platform centralizes product selection for suppliers, allowing businesses to procure items for employee benefits, customer rewards, or promotional campaigns, thereby simplifying procurement and reducing costs [2] - The platform is currently in pilot with China Mobile's Shanghai and Jiangxi operations and Juneyao Airlines, linking directly to user-facing programs and providing a single product catalog for employee benefits [3] - By centralizing the supply chain and simplifying delivery, the platform helps companies reduce costs and manage procurement efficiently, providing more value to employees and customers [3] Group 2: Strategic Positioning and Future Plans - Collaborations with major companies like China Mobile and Juneyao Airlines strengthen JiuGe Technology's position in the telecom ecosystem and expand its mobile recharge and user engagement services [4] - The CEO of FingerMotion emphasized that the procurement platform enhances their value proposition and supports user growth initiatives, indicating a strategic move towards expanding their business across telecom and data services [5] - JiuGe Technology plans to scale the platform from regional operations to a national model, increasing supply-chain flexibility and expanding its enterprise service footprint [5] Group 3: Company Overview - JiuGe Technology is a core operating entity of FingerMotion in China, managing telecom services and expanding into smart mobility and emergency-response technologies [6] - FingerMotion is focused on developing additional value-added technologies to enhance user engagement and aims to serve over 1 billion users in the China market, with plans for regional expansion [8]

Core Insights - FingerMotion, Inc. is focusing on expanding its technology platforms and monetizing its core competencies developed in China for broader regional markets [1][2] - The company aims to build an ecosystem linking telecommunications, data analytics, and service platforms while adapting to local requirements [3][4] Strategic Priorities - Strengthening core operations by improving operational efficiency and technological capabilities in China [8] - Productizing existing intellectual property, analytics models, and platform capabilities for targeted regional markets [8] - Pursuing strategic collaborations and acquisitions to support scale, distribution, and purposeful expansion into new markets [8] Company Vision - FingerMotion envisions rapidly growing its user base through organic means, aiming to serve over 1 billion users in the China market and eventually expand to other regional markets [4]

Core Insights - FingerMotion, Inc. is enhancing its business development efforts in Southeast Asia through its AI and Big Data division, Sapientus, following participation in InsurInnovator Connect Asia 2025 [1][3] - The company aims to expand its collaboration arrangements and validate solution use cases in the region, focusing on customer acquisition, risk scoring, product personalization, and cross-industry collaboration [2][3] Company Overview - FingerMotion is a technology company specializing in mobile services, data, and technology, with a core competency in mobile payment and recharge platform solutions in China [5] - The company envisions rapid user base growth through organic means, aiming to create an ecosystem of highly engaged users utilizing innovative applications [5][8] Strategic Focus Areas - Sapientus will prioritize accelerating collaboration initiatives with telecommunications companies, insurers, and distributors in Southeast Asia [7] - The company is exploring pilot opportunities in Indonesia and Thailand to strengthen its role as a data-driven enabler for insurance and telecommunications collaborations [7]