Home Blog Page 3

Bluesky Digital Assets Corp., Releases Q1, 2020 Financial Results and Provides Update

0

Toronto, Ontario–(Newsfile Corp. – June 1, 2020) – Bluesky Digital Assets Corp., (CSE: BTC), (CSE: BTC.PR.A), (OTC Pink: BTCWD), (“Bluesky” or the “Corporation”) released today a summary of its Unaudited Q1, 2020 Interim Financial Statements for the three months ended March 31st, 2020. Key highlights include:

– Total Gross Revenues from the Corporation’s Digital Assets Mining operations increased to $101,611 CDN in Q1, 2020 from $0 / NIL in Q1, 2019.

– Total Gross Revenue from the Corporation’s Digital Assets Mining operations increased to $101,611 CDN in Q1, 2020 from $37,200 CDN in Q4, 2019, representing a quarter over quarter increase of 173%.

– Total Gross Revenue from the Corporation’s Digital Assets Mining operations was $94,450 CDN for all of fiscal 2019 representing a monthly average of $7,870 CDN per month in Gross Revenue being generated from the Corporation’s Digital Assets Mining operations. Digital Asset Mining operating costs amounted to $94,921 CDN in Q1. The Corporation’s monthly Gross Revenue generated from the Corporation’s Digital Assets Mining operations average was $33,870 CDN per month for the first three months of 2020, representing a monthly average increase of 330% vs. fiscal 2019’s monthly average of $7,870 CDN per month.

– Fully Diluted EPS remained as $0.00 for Q1, 2020 vs. $0.00 in Q1, 2019.

Mr. Ben Gelfand CEO & Director stated: “The Management of the Corporation is extremely pleased with the progress that has been made in Q1 of 2020 and what has been accomplished thus far in Q2 of 2020. The hard work that we commenced in Q3 of 2019 to reposition, restructure and refocus the Corporation’s primary emphasis on technology is now quickly bearing fruit. Furthermore, despite the unprecedented downturn in the global economy due to COVID-19, we have witnessed an increase in our monthly gross revenues which we strongly feel wouldn’t have been the case if the Corporation was still using its old business model which was heavily entrenched in real estate. We continue to push forward on rapidly expanding and improving the Corporation’s Digital Assets Mining operations. As announced on May 12th, via press release, we recently completed the Fifth Deployment of expansion of our digital assets mining operations which involved the addition of another $230,000.00 CDN worth of advanced ASIC mining machines.”

About Bluesky Digital Assets Corp.

Bluesky Digital Assets Corp, is building a high value digital currency enterprise. Bluesky mines digital currencies, such as Bitcoin and Ether, and is developing value-added technology services for the digital currency market, such as digital mining proprietary software. Offering a complete ecosystem of value-creation, Bluesky is targeting reinvesting appropriate portions of its digital currency mining profits back into its operations. A percentage of the profit will be invested in the development of a proprietary Artificial Intelligence (“AI”) based technology. Overall, Bluesky takes an approach that enables the Corporation to scale, and respond to changing conditions, within the still-emerging digital currency industry. The Corporation is poised to capture value in successive phases as this industry continues to scale. For more information please visit www.blueskydigitalassets.com

For further information please contact:

Mr. Steve Low 
Investor Relations 
Boom Capital Markets 
T: (647) 620-5101
E: steve@boomcapitalmarkets.com 

Mr. Ben Gelfand
CEO & Director
Bluesky Digital Assets Corp.
T: (416) 363-3833
E: ben.gelfand@blueskydigitalassets.com 

Mr. Frank Kordy
Secretary & Director
Bluesky Digital Assets Corp.
T: (647) 466-4037
E: frank.kordy@blueskydigitalassets.com

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward- looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor.

– 30 –

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES.

NetCents Technology Provides Audit Update

0

Vancouver, British Columbia–(Newsfile Corp. – May 31, 2020) –  NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTCQB: NTTCF) (“NetCents” or the “Company“), a disruptive cryptocurrency payments technologies company, is pleased to provide an update regarding the audit.

The Company has been granted an additional ten (10) day extension to provide the audited financials for the following reasons:

Due to the exponential increase in volume of transactions within the NetCents platform, the auditors can no longer take the substantive approach to the audit and has transitioned to internal controls approach, validating and verifying our system and the controls that the Company has implemented within the system. The Company has used these audit extensions to test and confirm internal controls for its third-party auditors.

The Company has had the internal processes implemented and ready, but due to COVID-19 and the limitations but in place, in-person testing of these controls has been delayed, and for that reason, the Company has been granted an additional extension of ten (10) days to complete the audit, this extension will not affect the trading of the Company’s stock.

“In the past year, we’ve gone from doing $35,000 per month in transactions to exceeding that multiple times over in a single day” stated Clayton Moore, Founder and CEO of NetCents Technologies. “The audit process had to change as the substantive approach was no longer viable due to the sheer volume of transactions. As this is the first time that we have done an audit using the internal controls approach and the limitations put in place due to COVID-19, the audit is taking longer than anticipated. While this is a lot more work for the Company right now, moving forward we will have the road map in place for future audits.”

The Company looks forward to demonstrating its internal control processes to prospective clients as it rolls out its many business initiatives over the next 6-months. The Company is especially excited to continue discussions with potential European banks regarding its “White-Label” crypto banking platform. “We intend to hit the ground running as the European market opens back up,” remarked Mr. Moore. “The European commercial banks are charging customers to hold currencies in FIAT currency by offering a negative interest rate, and we think this is a great opportunity to introduce crypto banking in this kind of environment. There is a new willingness to conduct significant business transactions remotely, so we can sell major projects via Zoom call – so we can effectively shorten our sales cycle for these types of customers, we’re busier than ever,” concluded Mr. Moore.

About NetCents

NetCents Technology Inc, the transactional hub for all cryptocurrency payments, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or volatility of the crypto market. NetCents Technology is registered as a Money Services Business (MSB) with FINTRAC.

For more information, please visit the corporate website at www.net-cents.com or contact Investor Relations: investor@net-cents.com.

To keep up on the latest – make sure to join the telegram channel http://t.me/NetCents

On Behalf of the Board of Directors
NetCents Technology Inc.

“Clayton Moore”
Clayton Moore, CEO, Founder and Director

NetCents Technology Inc.
Suite 1000 – 1021 West Hastings Street
Vancouver BC
V6B 0C3

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates, and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

ALYI Electric Vehicle Strategy Affirmed by Volkswagen $2.3 B Investment in China

0

Dallas, Texas–(Newsfile Corp. – May 29, 2020) –  Alternet Systems, Inc. (OTC Pink: ALYI) today highlighted the Volkswagen announcement featuring a $2.3 billion investment in the electric vehicle market in China as a parallel strategy affirming ALYI’s efforts in Africa. In a recently published ALYI update (republished below), management confirmed its $300 million African electric mobility project remains on track and to date, has not been impacted by the Covid-19 pandemic. The ALYI update was published in conjunction with the company’s release of its Q1 2020 financial report and 2019 annual financial report. Again, both reports show the company’s base revenue has not been impacted by the Covid-19 pandemic.

The management update from May 27, 2020 has been included again here in its entirety below.

Management Update and 2020 Outlook

ALYI has a sound business strategy designed to sustain itself through an early development stage … even one impacted by the likes of the current Covid-19 pandemic. The company has a recurring consulting operation that carries the expenses of the base operation necessary to execute on the long-term business plan to introduce a paradigm shifting electric mobility business model. The recent 2019 annual financial report and the subsequent Q1 financial report both demonstrate ALYI’s sustainability. Now halfway through Q2, management is confident that the Q2 report will demonstrate the same and the company has every reason at this time to believe that Q3 will also be sustainably on track.

Management cautiously reports that the launch of ALYI’s paradigm shifting business model built on $300 million in electric mobility contracts in Africa is also on tract. With founding electric vehicle designs and prototypes already complete and ready for production, the current development phase involves the upcoming initial coin offering (ICO) to be launched by ALYI’s funding partner. The ICO is intended to fund ALYI electric vehicle production.

ALYI is well on track with its funding partner for the African electric mobility project. ALYI’s funding partner is optimistic that the Covid-19 impacted markets could benefit the upcoming ICO. The market-wide Q2 financial results coming out in July and August depicting the April and May Covid-19 economic impact could make the electric mobility ICO a standout opportunity. Our funding partner has already partitioned its own cryptocurrency on the Ethereum Blockchain. A pre ICO funding round is ready to launch and ICO details are being finalized.

For more information and to stay up to date on the latest developments, please visit: http://www.alternetsystemsinc.com

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297

FINTECH AND AI DURING COVID19 (panel discussion) to be joined by representatives from Nasdaq, Western Union, Bankera and more at TCE2020VE

0
Reading Time: < 1 minute

THE PUSH FOR MORE FINTECH AND AI DEVELOPMENT DURING COVID19, A KEY DISCUSSION AT TECH CONFERENCE EUROPE VIRTUAL EDITION.

Europe – 25 May 2020 – #tce2020ve Money is an overwhelming subject, even more so during a pandemic. Compulsive spending is a common feature of bipolar disorder and many of those who suffer from anxiety and depression use shopping to deflect negative feelings. While overall payments are being shrunk, the pandemic is giving a boost to long-delayed fintech advances. The world economy is also in danger and it seems that now more than ever, Fintech and AI are being put to good use.

At the virtual edition of TECH Conference Europe, Fintech and AI experts will join a panel discussion and highlight some of the recent developments in the fields and how these technologies are changing the status quo.

On the 9th of June at TCE2020VE, you have the opportunity to hear more about these subjects and the plans that being implemented as you are reading this news from the top experts in the field.

The “FINTECH AND AI DURING COVID19” panel discussion will be joined by Kamilė Valatkaite (Manager of General Counsel Office at Western Union), Erja Retzén (Senior Managing Director, Global Listing Services at Nasdaq), Steven Jacobson (CEO and Founder at Appinium) and Craig Grant (VP Strategic Partnerships at Bankera), and will be moderated by Stefania Barbaglio (Founder and Director at Cassiopeia Services).

Registration is free and the seats are limited, so make sure to register in time on the following link!

Visit www.virtualedition.techconference.eu for more details!

For further inquiries about the speaking/attending/sponsoring options, make sure to send an email to Andrada Bota (B2B Sales Executive at Hipther Agency)

For media-related inquiries, please contact Alexandru Marginean (Marketing Specialist at Hipther Agency).

Mobility and Environment related panel discussion to be joined by Jennifer Morgan (Greenpeace International) at TCE2020VE

0
Reading Time: 2 minutes

MOBILITY AND THE ENVIRONMENT DURING GLOBAL PANDEMIC A KEY DISCUSSION DURING TECH CONFERENCE EUROPE VIRTUAL EDITION.

#tce2020ve The virtual edition of TECH Conference Europe is addressing some of the most vital subjects, among which mobility and environment.

In every city and community around the world, congestion and high traffic have reached unbearable levels. It is simply destroying our quality of life and our environment, not to mention wasting our time, damaging our health and without any doubt killing people. During the global pandemic, things have changed and we now see it’s possible to reduce the harm we do to our environment.

But if you look into the subject deeper, you will find that congestion is not something that is happening to you. You are the congestion and the worldwide lockdowns have shown us that.

Each and every time you choose to get into your car alone and drive into the city, you are part of the problem which is not going away that easily. You are, in effect, doing this to yourself – which means you can choose to do something different.

There is no doubt that in many cities around the world, soon you will not be allowed to drive your car into the city or it will become so expensive that you will choose to do opt for a different method of travel.

On the 9th of June at TCE2020VE, you have the opportunity to hear more about this subjects and the plans that being implemented as you are reading this news from the top experts in the field.

The “MOBILITY AND THE ENVIRONMENT DURING GLOBAL PANDEMIC” panel discussion will be joined by Jennifer Morgan (Greenpeace International Executive Director), Rauno Parras (Director of parcel services at Itella Estonia), Gerard Martret (Co-Founder & CCO at Shotl), and will be moderated by Jaka Repanšek (Media and TECH Law Expert).

The seats are limited, so make sure to register in time on the following link!

Jennifer Morgan is a world-leading expert on climate issues and civil society advocacy. Recently voted by apolitical as one of the world’s top 20 most influential people in climate policy, Morgan is currently the Executive Director of Greenpeace International.

Involved in climate change issues for over twenty years, Morgan has held a series of directorship roles of climate programs at different non-governmental organizations, including the World Resources Institute, E3G, and WWF, and participated in every COP meeting since the first in Berlin in 1995.

Jennifer was also a Review Editor for the 5th Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) and has served on the Advisory Board to the Grantham Institute on Climate and the Environment.

Previously, she served on the German Council on Sustainable Development and was a member of the Scientific Advisory Board of the Potsdam Institute for Climate Impact Research.

At Germanwatch’s 20th anniversary celebration, Jennifer was named an honorary member of the organization for her long-term commitment to international climate issues and the empowerment of civil society.

Follow her on Twitter at https://twitter.com/climatemorgan

Visit www.virtualedition.techconference.eu for more details!

For further inquiries about the speaking/attending/sponsoring options, make sure to send an email to Andrada Bota (B2B Sales Executive at Hipther Agency)

For media-related inquiries, please contact Alexandru Marginean (Marketing Specialist at Hipther Agency).

TCE2020 Virtual becomes a free event thanks to Deal Room Events

0
Reading Time: < 1 minute

Several tech industry representatives will gather for a full day of discussions which you can view for free.

Europe – 19 May 2020 – #tce2020ve The virtual edition of TECH Conference Europe will take place on the 9th of June and will include several panel discussions which are aimed to tackle many burning questions that business in several sectors are currently addressing.

The leaders of several tech industries will meet online to discuss these challenges, give advices, and you have the opportunity to attend this event for free! The seats are limited, so make sure to register in time on the following link!

This would not be possible without the support of Deal Room Events who are offering this experience to the interested participants of the conference.

We look forward to welcoming participants from all around the world for a unique opportunity during which you can dive into subjects such as EdTech, Fintech, Blockchain, Artificial Intelligence, FashionTech, Mobility, Environment, Marketing, Advertising, Outsourcing and more. We are also happy to have the opportunity to work once again with Deal Room Events to bring an unparalleled experience to the participants who can host meetings with interested prospects and also take part in the interesting discussions” stated Zoltán Tűndik, Co-Founder and Head of Business at Hipther Agency

In order to secure your virtual seat, make sure to register here (no travel needed, you can attend from the comfort of your home or office).

Visit www.virtualedition.techconference.eu for more details!

For further inquiries about the speaking/attending/sponsoring options, make sure to send an email to Andrada Bota (B2B Sales Executive at Hipther Agency)

For media-related inquiries, please contact Alexandru Marginean (Marketing Specialist at Hipther Agency).

#TCE2020Virtual Speaker Profile: Filipa Neto (Forbes 30 under 30 in e-commerce, Innovation Principal at Farfetch)

0
Reading Time: < 1 minute

Virtual Edition of TECH Conference Europe addresses several global tech topics on the 9th of June.

With numerous tech industry experts joining the panel discussions at the virtual edition of TECH Conference Europe, we are taking time today to introduce you to Filipa Neto, Innovation Principal at Farfetch.

As announced earlier, Filipa will join the FashionTech related panel discussion.

As Innovation Principal at Farfetch, Filipa drives engagement with startups and evaluates and manages potential partnerships or investment. Prior to joining Farfetch Filipa was co-founder & MD of a European fashion rental marketplace. She’s an honouree of Forbes 30 under 30 in e-commerce.

You can reach Filipa via her social media accounts found here or you can hear her input during our virtual conference. Register now to book your seat!

By registering to the conference you are receiving access to the Virtual Conference Room and you can book your meeting with attending delegates in the Virtual Deal Room. The networking platform will be opened on the 23rd of May, giving you access to set meetings with prospects, partners, and experts.

For further inquiries about the speaking/attending/sponsoring options, make sure to send an email to Andrada Bota (B2B Sales Executive at Hipther Agency)

For media-related inquiries, please contact Alexandru Marginean (Marketing Specialist at Hipther Agency).

 

Jovita Gabnienė will moderate the FASHIONTECH panel discussion at the virtual edition of TECH Conference Europe (9 June)

0
Reading Time: 2 minutes

Attorney at Law, Head of Litigation & Investigations Team at Ellex Valiunas, and Ambassador of TECH Conference Europe Baltics Edition to moderate Fashiontech panel discussion

On the 9th of June, during the virtual edition of TECH Conference Europe, leaders of several tech industries will meet online to discuss the recent updates that are shaping our future. Make sure to secure your seat now!

The virtual conference has been launched in order to give the opportunity for startups, investors, SME managers, students, lecturers, professors, journalists, and everyone involved in the tech industries to safely attend an opinion forming virtual event.

Among the interesting subjects which include mobility, environment, EdTech, Fintech, and much more important verticals, you will also find Fashiontech.

The topic is very important as the whole nature of the word ‘beauty’ is changing and has been for some time. During the pandemic, as consumers stock up on daily necessities, beauty companies are expected to shift their product focus away from luxuries and bring it back to the essentials. The experts of the FashionTech industry will share their input about what is the next step if you are operating in the fashion industry.

As mentioned above, Jovita Gabnienė (Dispute Resolution & Entertainment Attorney / Ambassador of TECH Conference Europe Baltics Edition) will moderate the “FASHIONTECH – IS THE FASHION SECTOR SUFFERING OR INNOVATING” which will be joined Stefania Barbaglio (Founder and Director at Cassiopeia Services), Filipa Neto (Innovation Principal at Farfetch), Sukhi Jutla (COO & Co-founder at MarketOrders) and Karim Coppola (Founder and Creative Director at VISORE LAB).

Jovita Gabnienė – Attorney at Law, Head of Litigation & Investigations Team at Ellex Valiunas

Practicing at Dispute Resolution Group, Jovita has represented multiple local and international clients on various commercial and corporate disputes, including complex, high-value cross border cases and advised on various commercial law matters.

Strong dispute resolution background allows her to look at IP, IT and commercial law matters from both business development and risk management perspective Focus on Cinema, Fashion and Leisure sets her apart and allows to meet specific needs of the Industries in the Baltics.

Jovita has had a very diverse portfolio of clients, including textile companies, largest retailers in the Baltic’s, BIG 4 audit companies, cable televisions, and Directors of Independent Films.

In order to secure your virtual seat, make sure to register here (no travel needed, you can attend from the comfort of your home or office).

- Advertisement -

Must Read