VANCOUVER, BC, CANADA (April 11, 2018) – Mr. George Tsafalas, President & Chief Executive Officer of 360 Blockchain Inc. ("360" or the "Company") (CSE: CODE – FWB: C5B – OTC: BKLLF), a blockchain technology investment company, has issued an important letter to shareholders.
Dear 360 Blockchain Inc. Shareholders:
I would like to take the opportunity to provide an update on the Company’s growth initiatives as we continue to focus on increasing shareholder value.
Since the start of the year, we have initiated and/or closed major investments in several transformative blockchain-based companies, including SV CryptoLab, Arcology and Pressland. We also continue to execute modest initial investments in teams working on solutions for the industry’s most pressing problems, such as ePIC’s plan to produce a computing chip designed specifically to mine cryptocurrencies.
With the appointment of Jeff Koyen as the President and CEO of 360 Blockchain USA, our U.S.-based subsidiary, the Company has enjoyed great media and brand exposure — not just in the financial press and blockchain trades, but in wider media circles. This spring, Mr. Koyen will attend several prominent tech conferences as a panel moderator and/or member.
At 360 Blockchain Inc., we continue to see great growth opportunities in the blockchain space. Just as the Internet grew from a curiosity in the 90s to the world’s most transformative technology in the early 00s, so, too, will blockchain impact all aspects of our daily lives. As an early-mover, the Company is positioned to benefit from this mass adoption.
360’s Recent Highlights
360 Blockchain Inc. continues to actively pursue early-stage blockchain technology investment opportunities, particularly in the areas of enterprise-grade smart contracts, global data management, media distribution and ownership, and supply chain auditing.
Finally, while the Company does not invest directly in cryptocurrencies, at least two of our portfolio companies are exploring plans to issue their own transactional currencies in the form of blockchain-based cryptographic tokens. Working within appropriate regulatory frameworks, the Company will announce more details about these offerings when they’re available.
George Tsafalas, President & CEO
ABOUT CODEBASE VENTURES INC.
Our Mission: To invest strategically in emerging, innovative technology that has the potential to upend traditional institutions and deliver the greatest value to shareholders.
Company Description: Codebase Ventures Inc. is a small, hands-on team of financial and technology experts who invest early in great ideas. We operate from the understanding that technology is always evolving, bringing early opportunities for strategic investments that can deliver the exponential returns to our shareholders. We seek out and empower the innovators who are building tomorrow’s standards with platforms and protocols, not just products. We invest early, support our founders, take their ideas to market and work tirelessly to help them realize their vision.
For further information, please contact:
Ivy Lu, Investor Relations
Telephone: 1 (778) 806-5150
FORWARD LOOKING STATEMENTS
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.