UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
___________________
FORM 8-K
___________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (date of earliest event reported): July 24, 2017
KinerjaPay Corp.
(Exact Name of
Registrant as Specified in its Charter)
Commission File No.: 333-168068
Delaware | 42-1771817 |
(State of Incorporation) | (I.R.S. Employer Identification No.) |
Jl. Multatuli, No.8A, Medan Indonesia | 20151 |
(Address of Registrant's Office) | (ZIP Code) |
Registrant's Telephone Number, including area code: +62-819-6016-168
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 24, 2017, KinerjaPay Corp., (OTCQB: KPAY), a digital payment and eCommerce platform, ("KinerjaPay" or the "Company") 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 ("KinerjaPay Indonesia"). Mr. Deny Rahardjo had previously served as CEO of KinerjaPay Indonesia.
Mr. Oktomeo, age 47, has been CEO of an MitralinkSolusi, 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, age 41, 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.
Mr. Deny Rahardjo had served as CEO of KinerjaPay Indonesia since April 2016. Mr. Rahardjo stated in his letter of resignation, a copy of which is attached hereto, that he had no disagreements with the operations, policies or practices of the Registrant or its wholly-subsidiary subsidiary, PT KinerjaPay Indonesia.
Item 8.01 Other Events.
The Company is filing as exhibit 99.1 to
this Form 8-K a press release dated September 19, 2017 reporting record
results for August 2017, exceeding the results for the entire second quarter
of 2017. KinerjaPay'
s August 2017 results were more than double those of
July 2017 and exceeded the entire second quarter results.
August 2017 transaction volume was approximately 200,000 as compared to 70,000 during the entire second quarter. The Company attributes this growth to increasing consumer awareness of the KinerjaPay platform and related services.
The Company averaged approximately 6,440 transactions per day in August 2017, recording US$923,683 in transaction revenue, as compared to approximately 3,270 transactions per day in July 2017, recording US$387,116 in transaction revenue in July 2017.
Item 9.01 Financial Statements and Exhibits
(b) The following documents are filed as exhibits to this current report on Form 8-K or incorporated by reference herein. Any document incorporated by reference is identified by a parenthetical reference to the SEC filing that included such document.
Exhibit No. |
Description |
17.3 | Letter of Resignation of Deny Rahardjo dated July 24, 2017, filed herewith. |
99.1 | Press Release dated September 20, 2017, filed herewith. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
KinerjaPay Corp. | ||
By: | /s/ Edwin Witarsa Ng | |
Name: | Edwin Witarsa Ng | |
Title: | Chief Executive Officer |
Date: September 19, 2017
Exhibit 17.3
Deny Rahardjo
Letter of Resignation
July 24, 2017
Board of Directors
KinerjaPay Corp.
I am submitting this letter of resignation as CEO of PT KinerjaPay Indonesia.
The reason for my resignation is to pursue other business opportunities. I have
had no disagreements with the operations, policies or practices of the
Registrant or its wholly-subsidiary subsidiary, PT KinerjaPay Indonesia.
Respectfully submitted,
/s/: Deny Rahardjo
Exhibit 99.1
KinerjaPay Corp. Continues To Experience Record Growth As Market Awareness Builds August Transactions More Than Double Entire Second Quarter
JAKARTA, Indonesia, September 20, 2017, KinerjaPay Corp., (OTCQB: KPAY), a digital payment and e-commerce platform, ("KinerjaPay" or the "Company") today announced that it continues to achieve record growth achieving August 2017 results more than double those of July 2017 and exceeding the entire second quarter results.
August 2017 transaction volume was approximately 200,000 as compared to 70,000 during the entire second quarter. The Company attributes this growth to increasing consumer awareness of the KinerjaPay platform and related services.
Averaging 6,442 transactions per day, the Company recorded approximately US$923,683 in transaction revenue in August, as compared to 3,268, and US$387,116, respectively, for the month of July.
Edwin Ng, Chairman and CEO for KinerjaPay Corp. commented, "We've really been able to harness the power the KinerjaPay platform over the past few months. As more consumers and businesses link to our products and services, we become a natural e-commerce solution for both sides "Mr. Ng went on to say, "we also have access to greater transactional data, which enhances our ability to provide valuable commercial information to our business partners, and create highly-targeted promotional campaigns which improves our customer's experience. The more convenient and beneficial we can make our products and services, the more likely that users will turn to KinerjaPay for all of their financial needs."
About KinerjaPay
KinerjaPay enables consumers to "Pay, Play and Buy" through its secure web portal and mobile applications. Based in Indonesia, the Company provides easyandconvenientpaymentsolutionwhileshoppingonlineatitsmarketplace platform. Withitscurrentomni-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 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: info@kinerjapay.co
+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.