PRESSLAND FORMS STRATEGIC PARTNERSHIP WITH ETHICAL TECHNOLOGY INITIATIVE, ‘ALL TECH IS HUMAN’

August 23, 2019 12:01 AM

Latest Collaboration Strengthens Pressland’s Commitment to Restoring Trust in Media and Protecting User Privacy

VANCOUVER, BC, CANADA (August 23, 2019) – Pressland (pressland.com), a wholly owned subsidiary of Codebase Ventures Inc. ("Codebase" or the "Company") (CSE: CODE - FSE: C5B – OTCQB: BKLLF), today announced it has signed a non-binding letter of intent to form a development partnership with New York City-based All Tech Is Human (alltechishuman.org), an organization that acts as a catalyst and connector for tech change. All Tech Is Human and Pressland will work together to solve the ongoing issues of media trust and transparency.

Pressland is building a data management platform designed to serve organizations on the front line in the fight against fake news. Using proprietary artificial intelligence (AI) and natural language processing (NLP), Pressland analyzes around-the-clock global news output and creates data sets and indices that can be licensed by social networks, media outlets and other news distributors to improve audience trust.

Founded in 2018 by David Ryan Polgar, All Tech Is Human is creating a hub for the ethical technology ecosystem that promotes knowledge-sharing and collaboration, tackling the thorniest tech/society issues. The organization unites a broad group of industry leaders, technologists, academics, non-profits and commercial stakeholders to tackle issues around public trust, data ownership and media transparency. Their ethical tech summits, held across the United States, are sponsored by the Tech and Society Solutions Lab at Omidyar Network.

“At Pressland, our mission is to build products that will help restore the public’s trust in media, but the public’s trust in data and technology has also begun to erode,” said Jeff Koyen, Codebase’s Chief Strategy Officer. “Tomorrow’s platforms must put the public’s concerns about privacy first. By partnering with All Tech Is Human, ethical technology will be woven into Pressland’s technological DNA from this early development stage, and as we scale.” 

Mr. Polgar is a pioneering tech ethicist who paved the way for the hotly debated issues around Facebook, user privacy and digital wellbeing. He writes, speaks and consults about the impact of technology.

“Pressland is an ambitious project that aimed directly at two major issues facing the current information ecosystem — trust and transparency” said Polgar. “We’re thrilled to join Jeff and his team in building a software platform that is both commercially viable and contributes to an equitable tech future.”

Pressland is led by Codebase’s Koyen, a veteran media executive, award-winning journalist and technology entrepreneur. He has worked for Wired, The New York Times, Crain’s New York, Adweek and many other news organizations. The company is based in Brooklyn; team members are distributed globally from Bangkok to Vancouver. Pressland also publishes News-to-Table (newstotable.com), a digital magazine dedicated to issues of media trust and transparency.

About Codebase Ventures Inc.

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:

Brian Keane, Director

Investor Relations

Telephone:  1 (778) 806-5150 - TOLL FREE (877) 806-CODE (2633)

E-mail: IR@codebase.ventures

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.

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