Home Blog Page 4

Axora Launches Smart Mining Resource Centre To Help Mining Companies Recover From Covid-19

0

 

 

ALYI Financial Reports Demonstrate Sustainability; Pending ICO Could Be Bigger Than Anticipated

0

Dallas, Texas–(Newsfile Corp. – May 27, 2020) – Alternet Systems, Inc. (OTC Pink: ALYI) today released a management update to coincide with the recent publishing of its Q1 2020 financial report and 2019 annual financial report. Both reports show the company’s base revenue has not been impacted by the Covid-19 pandemic. The management update below includes confirmation of management’s confidence that the base revenue will continue throughout Q2 and Q3. ALYI management further confirms that its $300 million African electric mobility project also remains on track and to date, has not been impacted by the Covid-19 pandemic. The management update included in its entirety below includes a 2020 operational outlook that indicates a potential benefit that may result from the Covid-19 economic impact.

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

Graph Blockchain Appoints New Chief Financial Officer

0

  • Appoints New CFO Fitzmaurice
  • Kang Resigns as CFO

Toronto, Ontario–(Newsfile Corp. – May 27, 2020) – Graph Blockchain Inc. (CSE: GBLC) (“Graph” or the “Company“) is pleased to announce the appointment of Fiona Fitzmaurice, BA, ACCA, CPA, CGA as new Chief Financial Officer. Current CFO, Steve Kang, has resigned and will stay on for the next two months for the transition.

This change to the Company’s executive leadership team brings with her nearly 13 years of financial experience in accounting and financial control with a combination of private and public companies in a variety of industries including cannabis, resource, and financial services. Fiona Fitzmaurice will work to ensure Graph’s financial health through strategic planning and management of the company’s finance.

Prior to joining Graph, Ms.Fitzmaurice was CFO of Pasofino Gold, financial controller at Noront Resources, CFO of MacDonald Mines Ltd and Honey Badger Exploration Inc. She has been involved in several private placements, prospectus filings, flow-through financings, and corporate audits.

“I am thrilled to join Graph and this impressive leadership team with a history of growing great companies,” said Fitzmaurice. “Graph’s newly announced eCommerce marketplace is well positioned for success, and I am happy to be apart of this journey.”

Fiona holds a Bachelors’ degree in Accounting and Finance from Athlone Institute of Technology, Ireland.

President & Chief Executive Officer, Christian Scovenna comments: “On behalf of the executive team and our Board of Directors, I would like to thank Steve Kang for his dedication and hard work during his tenure as CFO. I wish him nothing but success in his future endeavours. The appointment of Ms. Fitzmaurice as the Company’s new CFO represents a great addition to our leadership team, and I look forward to working with Fiona as we move the Company forward.”

About Graph Blockchain Inc.

The Company develops leading-edge private blockchain business intelligence and data management solutions that it will implement into a blockchain supported e-commerce marketplace for the sale of psychedelic and ancillary products in legal jurisdictions.

Additional Information on the Company is available at: www.graphblockchain.com

For further information, please contact:

Christian Scovenna – President & CEO
Phone: +1 416 453 4708
Email: cscovenna@graphblockchain.com

Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements. Such statements may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

Tencent Signs Memorandum of Understanding with China Construction Bank Corporation Labuan Branch in Malaysia

0

Special guests from Senator Jeff Merkley’s office share new developments and answer small business owner’s questions during free COVID-19 webinar

0

CoinShares Launches the First Gold and Cryptoasset Index on Bloomberg and Refinitiv, Plans to Build Investable Benchmark Products

0

Upco International Inc. Announces New Directors in the Board

0

Vancouver, British Columbia–(Newsfile Corp. – May 25, 2020) – Upco International Inc. (CSE: UPCO) (OTCQB: UCCPF) (FSE: U06) (“Upco”) is pleased to announce the appointment of Mr. Gerben Borsje, Mr. Juan Ramos Taboada and Mr. Sebastiano Massimo Galantucci to the Board of Directors, and Mr. Trent Collett as Executive Vice President Corporate Development and Investor Relations North America. Mr. Andrea Pagani Chief Executive Officer, Upco International Inc. was appointed as Chairman of the Board effective May 8, 2020.

Mr. Borsje and Mr. Ramos Taboada were elected by shareholders at the Company’s AGM held on December 20, 2019. Mr. Ramos Taboada consented to act as Director effective from the date hereof. Messrs. Franco Zanichelli and Sergio Mistrali were not re-elected as directors at the AGM and the Company would like to thank Messrs. Zanichelli and Mistrali for their service to Upco. Mr. Galantucci was appointed as the fourth member of the Board of Directors effective May 8, 2020.

Mr. Borsje is a self-made sales and distribution entrepreneur with extensive experience and a proven track record with fast moving products. Over the past more than two decades, he has successfully built a number of consumer brands on a global and pan-European scale. In this context, he has gained considerable experience managing negotiations for commercial agreements on an international level. Mr. Borsje’s contributions as a director will draw on his broad experience, innovative approach, and focus on building win-win relationships.

Prior to joining Upco International Inc. in the capacity of Executive Manager responsible for the Telecom Division and M&A strategy, Mr. Ramos Taboada was the Vice President Latinamerica and Caribbean at KPN ibasis (based in Argentina). He has extensive experience playing lead roles in building successful mobility and telecom companies including iBasis, which grew to be one of the largest carriers of international voice traffic in the world. From 2011 to 2015 he was the COO of Business Telecommunications Systems (revenues USD $350m), where he was responsible for world operations. He has also worked as a strategic advisor for SKYPE, where he was instrumental in helping to develop its Latin American footprint.

Mr. Galantucci joined Upco Systems in 2019 as COO and, effective January 1, 2020, became the Executive Manager responsible for the Digital Division at Upco International, which includes UpcoPay. He joins the Board with more than twenty years of diverse experience in the traditional telecom sector, and more recently in the digital arena. His broad experience in cross-cultural business management ranges from leading local teams to executive management positions. Prior to joining Upco, Mr. Galantucci was involved in building a Digital Enabler focusing on innovative telecom (OTT) and fintech solutions, with operations in London, Bahrain, Hong Kong and Manilla. His key areas of interest are M&A and business development.

Mr. Collett, based in Victoria, BC, is a senior business consultant with international experience, specializing in venture capital / financing and investor relations. His proven track record includes successful capitalization and business development of assorted ventures in the international mining exploration sector, with more recent diversification into telecom and Fintech ventures. In his new role, Mr. Collett will focus on business development activities in North America, as well as investor relations.

Mr. Andrea Pagani Chief Executive Officer, Upco International Inc., commented, “Upco International is at a turning point in terms of its corporate management, and is in the process of restructuring to better respond to a number of significant opportunities. We are very fortunate to have engaged these four gentlemen on our Board and senior management team. Their successful track records to date reflect proven expertise in their respective fields, as well as entrepreneurial competence. The diverse backgrounds, business acumen and international experience they bring to Upco will be invaluable as we continue to build the depth and vision needed to diversify offerings and expand within Europe and into the Latin American and North American markets.”

Upco also announces that Mr. Andrea Pagani, CEO, has loaned USD $150,000.00 to Upco International Inc.

Additionally, Upco announces that it has issued 5,531,704 common shares in its capital at a deemed price of $0.07 per share to arm’s length parties and insiders in settlement of CAN $387,225 in debt. The shares are subject to a statutory 4-month hold and are so legended.

As three of the creditors are “insiders” of Upco, part of the debt settlement constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Upco is relying on the exemptions from the formal valuation requirement and the minority approval requirement set out in sections 5.5(a) and 5.7(a) respectively of MI 61-101 (Fair Market Value Not More Than 25% of Market Capitalization).

About Upco International Inc.

Upco International Inc. is a cloud-based mobile service company which provides high-quality voice termination to a market driven by the growing activity in online communications and commerce. Upco is a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business. Upco has designed a software application for Apple iOS and Android, similar to SKYPE and WhatsApp. With the forthcoming addition of the Upco e-Wallet using Blockchain Payment Services, users will be able to: send invoices, approve payments, transfer international funds, convert international currencies, and track transfers and payments. The application will also allow vendors to securely share account information with their clients.

Please visit upcointernational.com or upcomobile.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Andrea Pagani, CEO Upco International Inc., Upco Systems Inc.

office@upcointernational.com

+1 (212) 461 3676

Forward-Looking Statements

Except for the statements of historical fact, the information contained herein is of a forward-looking nature. Such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by statements containing forward-looking information. Such factors include continued availability of capital and financing and general economic, market or business conditions.

Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that statements containing forward looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on statements containing forward looking information. Readers should review the risk factors set out in the Company’s Filing Statement as filed on SEDAR.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/56533

Graph Blockchain Announces Launching of BluStem, Ecommerce Wellness Platform

0

Toronto, Ontario–(Newsfile Corp. – May 25, 2020) – Graph Blockchain Inc. (CSE: GBLC) (“Graph” or the “Company“) is pleased to announce the development and future roll out of its proprietary Wellness Marketplace platform, BluStem Ltd. (www.BluStem.com), a wholly owned subsidiary of Graph Blockchain Inc. The roll out of the site to commence approximately the week of June 1st, 2020. The Company will be creating an ecommerce ecosystem for B2C and B2B audiences in support of scaling both its own and its partnership brands. The Company will start featuring COVID-19 related products such as Personal Protective Equipment (PPE) and a COVID-19 Test Service once it has finalized the sourcing of products The Company also plans to expand to CBD, Fungi/Psychedelics and other wellness brands for the second phase of development. The Company expects significant revenue growth through the BluStem ecommerce platform from the sale of products, marketing, licensing, and product fulfillment fees including the Company’s own brand “BluStem” that will leverage white-labeling supply chain partnership agreements. The Company will not be putting up its own capital for the PPE products due to its broker relationship.

As a result of recent worldwide events relating to the COVID-19 pandemic and the ensuing slowdown of activity in all sectors of business, the Company is taking the opportunity to help Canadians and Canadian Companies to return to safe working environments through the BluStem platform’s online ecommerce Marketplace(s) that will focus on Personal Protective Equipment (PPE) and COVID-19 test services with future plans to expand to other wellness products like CBD, Psychedelics and other wellness brands.

Graph President & CEO, Christian Scovenna commented that, “These are exciting times for the Company and its shareholders, as we are poised to move in a direction using our current core technology. With today’s announcement of our BluStem ecommerce marketplace, we are pursuing the creation of a revenue model that facilitates both scale and organic growth.”

The Company announces that it has granted 15,828,458 incentive stock options to directors, officers, and consultants. The incentive stock options have an exercise price of $0.05 per share, are valid for a 3-year period from the date of grant and are subject to regulatory approval.

The Company’s Stock Option Plan allows for the issuance of up to 10% of issued and outstanding share capital in the form of incentive stock options. As a result of this grant, the Company has 14,250,000 stock options issued, representing 9.2% of the issued and outstanding share capital. The stock option plan subject to Shareholder approval at upcoming Annual General Meeting (AGM).

About Graph Blockchain Inc.

The Company develops leading-edge private blockchain business intelligence and data management solutions that it will implement into a blockchain supported e-commerce marketplace for the sale of psychedelic and ancillary products in legal jurisdictions.

Additional Information on the Company & eCommerce Marketplace is available at:
www.graphblockchain.com
www.BluStem.com

For further information, please contact:

Christian Scovenna – President & CEO
Phone: (416) 453-4708
Email: cscovenna@graphblockchain.com

Forward Looking Statements

This news release contains “forward-looking statements” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements. Such statements may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

- Advertisement -

Must Read