PRESSLAND HITS KEY MILESTONE: 10 MILLION ARTICLES INDEXED AND ANALYZED

August 29, 2019 12:01 AM

Pressland Prepares for Alpha Launch with Prospective Clients and Partners

VANCOUVER, BC, CANADA (August 29, 2019) – Pressland (pressland.com), a wholly owned subsidiary of Codebase Ventures Inc. ("Codebase" or the "Company") (CSE: CODE - FSE: C5B – OTCQB: BKLLF), today announced a significant development milestone with more than 10 million articles, two million keywords and 200,000 writers indexed and analyzed. The achievement comes as Pressland’s founder and CEO, Jeff Koyen, is preparing an alpha demo of the platform to prospective clients and partners. Koyen also serves as Codebase’s Chief Strategy Officer.

“Silicon Valley is famous for its ‘move fast and break things’ approach to engineering,” says Koyen. “At Pressland, we’d rather get it right the first time. That’s just what our CTO, Nicholas Zaillian, has done. Crossing the 10 million mark is a testament to our deep bench of talent as we engage key decision-makers in the news and technology sectors.”

Pressland is building an enterprise platform to help fight fake news and misinformation. The company’s proprietary software uses machine learning, artificial intelligence and natural language processing to collect, analyze and index the news media’s production data. This data will be offered as a SaaS product to social networks, search engines and news distributors.

“Jeff promised to deliver Pressland’s private alpha version in the fourth quarter of 2019,” said Brian Keane, Codebase Director. “Based on today’s news, we’re confident that he and his team will meet this very aggressive deadline. We look forward to bringing Pressland to market in 2020.”

Koyen is an award-winning journalist, technology entrepreneur and veteran media executive. He has worked for Dow Jones, Wired, The New York Times, Crain’s New York, Digiday, Adweek and many other news organizations. The company is based in Brooklyn; team members are distributed globally from Saigon to Vancouver.

Partners include the Independent Media Institute; online writing community Study Hall; ethical tech pioneers All Tech Is Human; developer of publisher automation tools, OutVoice; hyper-personal technology company, iO; and geolocative photo-sharing app, Membit. More are expected to be announced this month.

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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