Blockchain
CYIOS Corp Provides Shareholders Update
Company to Ship 24 HAND SANITIZER Pre-Orders This Week and Engages Specialty Online Marketing, Social Media Advertising Firm
Aventura, Florida–(Newsfile Corp. – July 22, 2020) – CYIOS Corp (OTC Pink: CYIO), a publicly traded company focused on developing and marketing specialty branded products in the Health and Wellness markets, is pleased to provide the following shareholders update and progress report since launching the Company’s online store last month.
Mr. John O’Shea, Chairman of CYIOS Corp. stated, “We are pleased to report positive Company progress since launching our online store in June. With global case numbers of the current pandemic spiraling out of control, the need for sanitizing solutions is rapidly growing for personal use, home use and business use. Since launching our new online retail store, traffic has been building and sales of our retail consumer products have been booked with shipping underway. The Company is investing in, and currently expanding on, various marketing initiatives designed to increase awareness of the Company’s products and drive traffic to the online store. As part of this initiative, we just completed our first 24 HAND SANITIZER educational and promotional video which can be found here. In addition, the Company has also engaged a specialty online marketing and social media advertising firm to build awareness and drive traffic of all company products.
The Company has been shipping KN-95 5ply face masks, DR’s CHOICE CBD tinctures and topicals and has commenced fulfillment of orders for its 24 HAND SANITIZER. The Company is pleased to announce that two organizations have purchased a total of 700 units of 24 HAND SANITIZER 2ounce tubes, and will be donating all 700 units to first responders and other organizations in need. These 700 units have been purchased and fully paid for by two independent groups that will be making the donations to organizations in consultation with and on behalf of the Company.
The Company has also added additional new products to its online store, including immediate availability of long lasting, alcohol-free hand sanitizer wipes as well as gallon size foaming hand sanitizer containers all formulated with Zetrisil® which provides a nano-shield of unsurpassed protection for hours against recontamination on your hands. 24 HAND SANITIZER is the Company’s consumer branded product and is formulated as a luxurious, long-lasting, alcohol-free sanitizer that leaves hands not only soft and silky smooth, but also germ-free and protected against recontamination for hours after a single application. The fast-acting, ALCOHOL-FREE formula has been clinically shown to kill 99.99% of harmful germs hands may come into contact with.
Mr. O’Shea continued, “In addition, we are working closely with Cicero Transact for marketing to business owners as we prepare to release numerous new sanitizing products for commercial and industrial use, which includes bulk hand sanitizer, hard surface disinfectant/cleaner, and laundry care. Cicero will play an important role, and as part of our previously disclosed agreement they will supply the Company with 2,500,000 records of business owners, medical professionals, pharmacists, restaurateurs, janitorial supply companies, cleaning services, hospitals, property and building management companies, and other key demographic targets that suit Choice Wellness products and our soon to be released commercial products. Our near term focus is to launch additional products that serve specific needs in today’s demanding environment. The objective is to become a trusted solutions provider and online destination for both consumer and business users through offering superior, unique, proprietary sanitizing products that are safer for the environment and are an effective alternative to alcohol based sanitizers which are toxic, flammable and potentially seriously dangerous if ingested. With our FDA Registered products, the physical kill of germs is accomplished by the active ingredient Benzolkonium Chloride which is one of only three (and the only one that is non-alcohol) active ingredients allowed by the FDA for use in hand sanitizer.”
Mr. O’Shea, went on to say, “What sets us apart is that we are investing in our own product development and not simply contracting with a random distillery packaging up Ethyl or Propyl alcohol into a flammable, toxic gel goop that stings if you have a minor nick or cut on your hands or cuticle. Furthermore, alcohol sanitizer is only effective from the time you put it on your hands and until it dries, after which you have no further protection from recontamination. 24 Sanitizer not only kills most potentially harmful germs on hands, but provides for hours of lasting protection from recontamination. Part of our mission is to educate and build customer loyalty among consumers seeking the best protection for themselves, family and children. Our promotional videos are designed to be educational as we believe over time consumers will seek out safer alternative sanitizing solutions rather than using gasoline additives like ethyl alcohol on their skin or kids hands 5 to 10 times a day.”
With Sanitizer global forecasts predicted to grow at a staggering pace, we believe we are at the right place at the right time in order to grab market share through offering superior products that are a safer alternative to alcohol based sanitizers. We look forward to launching new products in the short term and expand our offerings of sanitizing solutions that can give people freedom to go out in public without worrying about contracting a virus from touching a potentially contaminated surface like a bank ATM, gas pump, elevator button, door handle or shopping cart,” concluded Mr. O’Shea.
CONTACT INFORMATION
Investors are encouraged to follow CYIOS using:
www.linkedin.com/company/cyios-corporation-llc
www.facebook.com/cyioscorporation
About ChoiceWellness, Inc
ChoiceWellness, Inc. is a health and wellness company that has brought to market the DR’s CHOICE line of products, as well as the “24” Brand Hand Sanitizer products. DR’s CHOICE was developed with a mission to offer Doctors and Medical Practitioners their own Professional Grade CBD BRAND with a suite of products they could stand behind and be confident to offer to their patients. Our customers can be assured that DR’s CHOICE CBD products have gone through the highest scrutiny of testing for purity, potency and quality. DR’s Choice products have been brought to market for Doctors and Medical Professionals seeking a better solution for patients suffering from pain, inflammation, anxiety or other persistent symptoms. For more information please visit www.choicewellnessbrands.com
About CYIOS Corporation
CYIOS Corporation is a publicly traded company focused on developing and marketing specialty branded products in the Health and Wellness markets, including the “DR’s CHOICE” and “24” brand of products. The team has in-depth knowledge of the health and wellness markets, financial services industry, medical and health services, and blockchain. The Company looks to develop, distribute, and license proprietary products as well as evaluate potential acquisition opportunities. Further, the Company continues to seek and evaluate attractive business opportunities and to leverage its resources and expertise to build a diversified, sustainable business model. For more information please visit www.cyioscorporation.com
FORWARD-LOOKING STATEMENTS: This release contains “forward-looking statements.” Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management’s current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “would,” “could,” “will” & other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company’s actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered w/ these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
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Blockchain
Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest
Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.
The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.
While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.
Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.
A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.
Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.
Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.
Source: cryptonews.com
The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.
Blockchain
ASIC cracks down on blockchain mining firms
Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.
According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.
The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.
ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.
In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.
While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.
Source: iclg.com
The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.
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