Codebase Ventures will seek out early investment opportunities where emerging, innovative technology has the potential to upend and usurp traditional institutions.
VANCOUVER, BC, CANADA (February 15, 2019) – 360 Blockchain Inc. ("360" or the "Company") (CSE: CODE – FWB: C5B – OTC: BKLLF) announces its name change to Codebase Ventures Inc. The renamed company broadens its mission to invest in emerging technologies that will deliver high returns to shareholders. The Company’s new website is codebase.ventures.
“Technology is always evolving, which can present challenges, but this means there’s always an early opportunity,” said George Tsafalas, Codebase’s CEO. “As hands-on investors looking for the greatest returns, it made sense to expand our focus beyond blockchain so our team can identify these openings before anyone else.”
Jeff Koyen will assume the role of Chief Strategy Officer at Codebase Ventures Inc. Koyen was formerly Strategic Advisor at 360 Blockchain Inc. and the CEO of 360 Blockchain USA. He will continue to manage the Company’s portfolio companies while also looking at new investments.
“We remain confident that blockchain technology will radically transform how business is conducted, and we expect our current investments to deliver value to our shareholders,” Koyen said. “But if we expect to find the most exciting innovations in tech, we must expand our scope and mission.”
The Company recently closed a CAD $1 million round of financing. This capital is largely allocated to making new investments under the Codebase name.
The company’s current portfolio includes:
The company’s trading symbols remain the same:
Coinciding with this reorganization, operations at SV CryptoLab have been suspended due to the flat cryptocurrency market. If prices recover, operations are expected to resume in a new location where energy costs are lower.
Trading on the CSE is expected to commence under the new name on Monday, February 18, 2019.
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.