KinerjaPay Appoints New CEO and CMO to its Indonesian Subsidiary to Manage Growth on Company's eCommerce Platform

JAKARTA, Indonesia, July 24, 2017 /PRNewswire/ --

KinerjaPay Corp., (OTCQB: KPAY), a digital payment and eCommerce platform, ("KinerjaPay" or the "Company") today announced the appointment of Deddy Oktomeo as Chief Executive Officer and Yohansyah Yeung as Chief Marketing Officer of its wholly-owned subsidiary PT Kinerja Pay Indonesia.

Mr. Oktomeo has been CEO of an Mitralink Solusi, an Indonesian IT consulting company, for the past 17 years, where his experience ranged from product design and development to operations and sales support, as well as marketing and finance. Under his leadership, Mitralink developed business in new markets and established new standards of performance in sales and profitability. Mr. Oktomeo was also a founder of mFoodGate a premium merchant-to-member food and beverage solution platform, and co-founder of Fintech Gate, which provided "Know Your Customer" and "Anti-Money Laundering" solutions to financial institutions.

Mr. Yeung previously held senior marketing positions in a number of multinational companies, including Sinar Mas Group, Lippo Bank, Emerson Network Power and IDC Research. His expertise includes sales pipeline and account management, new customer acquisition, corporate sales, B2B sales, strategic planning and financial modeling.

Commenting on the appointments, Edwin Ng, Chairman and CEO of KinerjaPay Corp. said, "As KinerjaPay continues to experience high levels of growth, it is vital that we have a skilled management team in place to ensure that our customers continue to experience the high quality and reliable service that they have come to expect from our platform and applications."

"Deddy Oktomeo is one-of-a-kind; a CEO respected for his ability to consistently deliver strong results. He has a deep understanding of how an IT company works, and his agile leadership style will be crucial as we scale the KinerjaPay operation. And Mr. Yohansyah's breadth of experience will be indispensable in helping us develop marketing and sales strategies to further strengthen KinerjaPay's connection with our users," added Mr. Ng.

Deddy Oktomeo stated, "KinerjaPay is an outstanding company with huge potential, broad opportunity and an innovative team. I look forward to working with management to shape and execute the strategies that will ensure KinerjaPay not only maintains its position within the market, but continues to deliver ground-breaking customer experiences."

Mr. Yeung added, "Indonesia is one of the fastest growing eCommerce markets in the world and KinerjaPay has developed a reputation for providing consumers and businesses with a safe and effective transaction platform. I look forward to working with Edwin and Deddy to accelerate the Company's growth, and establish KinerjaPay as a leading brand in Indonesia and other Asia/Pacific markets."

About KinerjaPay 

KinerjaPay enables consumers to "Pay, Play and Buy" through its secure web portal and mobile applications. Based in Indonesia, the Company provides easy and convenient payment solution while shopping online at its marketplace platform. With its current omni-channel platform, users can perform various payment services such as credit card bill payment, utility, phone bill, healthcare insurance and direct transfer to anyone at their convenience. KinerjaPay is also planning to launch other eCommerce verticals such as travel market, delivery services, and online gaming in the near future. The Company's services are available through its mobile applications and on its website at http://www.kinerjapay.com.  

Notice Regarding Forward-Looking Statements  

This press release may contain forward-looking statements, about KPAY's expectations, beliefs or intentions regarding, among other things, its product development efforts, business, financial condition, results of operations, strategies or prospects. In addition, from time to time, KPAY or its representatives have made or may make forward-looking statements, orally or in writing. Forward-looking statements can be identified by the use of forward-looking words such as "believe," "expect," "intend," "plan," "may," "should" or "anticipate" or their negatives or other variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical or current matters. These forward-looking statements may be included in, but are not limited to, various filings made by KPAY with the U.S. Securities and Exchange Commission, press releases or oral statements made by or with the approval of one of KPAY's authorized executive officers. Forward-looking statements relate to anticipated or expected events, activities, trends or results as of the date they are made. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause KPAY's actual results to differ materially from any future results expressed or implied by the forward-looking statements. Many factors could cause KPAY 's actual activities or results to differ materially from the activities and results anticipated in such forward-looking statements, including, but not limited to, the factors summarized in KPAY 's filings with the SEC. In addition, KPAY operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond its control. KPAY does not undertake any obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise. Please see the risk factors associated with an investment in our securities which are included in our Annual Report on Form 10-K as filed with the U.S. Securities and Exchange Commission on February 11, 2016.

Media Contact:
KinerjaPay Corp.
Email: [email protected]
+62-8229-777-0098

For more information, please visit our website http://www.kinerjapay.co. There you will find access to all of our past press releases and SEC filings regarding the activities discussed in this letter.

SOURCE KinerjaPay Corp.