SANTA MONICA, CA, March 07, 2018 (GLOBE NEWSWIRE) -- Millennium Blockchain Inc. (OTC:MBLC), a holding company focused on blockchain technologies and crypto-assets in financial markets, healthcare, crypto-mining and high-technology sectors, today announced an investment in BurstIQ, Inc., a leading healthcare blockchain data company. Millennium Blockchain will acquire $2.5 million of Series A Preferred Shares in the healthcare blockchain data leader, as well as $2.5 million of BurstIQ cryptocurrency tokens (ERC20 Symbol: BIQ) at a discount to the upcoming token sale price offering. Millennium expects to close the transaction no later than April 30, 2018.
“BurstIQ is changing the healthcare system for the better. Blockchain’s promise is being realized every day through the BurstIQ healthcare ecosystem,” said Enzo Villani, Chairman of Millennium Blockchain. “With the launch of their BIQ digital token, BurstIQ is adding a whole new layer of value to their current platform that truly places BurstIQ in its own class.”
“We are thrilled to partner with Millennium Blockchain. They truly understand best practice use cases of blockchain and particularly how the BurstIQ platform solves scalable challenges within the healthcare space,” said Frank Ricotta, CEO of BurstIQ. “They also share our vision of improving the healthcare industry with a person-centric approach. Their investment should help us accelerate our core development and expand into new market sectors.”
BurstIQ’s proprietary blockchain platform is the industry's leading HIPAA-compliant secure data platform. BurstIQ services major healthcare institutions, OEM data partners, unions, government agencies and sovereign nations. The company completed the first blockchain data integration for Intermountain Healthcare with strategic partner Empiric Health. The Utah-based healthcare giant realized more than $90 million in savings using the Empiric offering to identify operational efficiencies across the Intermountain Healthcare system. BurstIQ’s proprietary blockchain-based big data platform enables Empiric to expand their service to other large health systems by securely managing customers’ data at scale and performing advanced analytics using the platform’s machine learning and collaborative intelligence capabilities. For individuals and self-insured employers, BurstIQ’s benefits marketplace will include a full range of insurance products and precision medicine services for all BIQ token holders.
“BurstIQ is the first major transaction for Millennium Blockchain,” said Brandon Romanek, CEO of Millennium Blockchain. We are currently in negotiations regarding additional transactions in the blockchain space, and we are working closely with our advisors and best-of-breed blockchain-focused funds in order to build a full portfolio of top-tier blockchain companies.”
About Millennium Blockchain
Millennium Blockchain, (OTC:MBLC), is a holding company primarily focused on blockchain technologies and crypto-assets in financial markets, healthcare, crypto-mining and high technology sectors. For more information please visit: www.mblockchain.io
About BurstIQ ™
BurstIQ ™ is a leading healthcare blockchain data company. The company offers a HIPAA-compliant enterprise-level health data platform that seamlessly leverages blockchain technology, big data capabilities and machine intelligence enabling healthcare organizations to securely manage and control their data. The platform allows the creation of a next generation data marketplace for monetization of both individual and business data, personalized products and services, value-added B2B services, and more. The BurstIQ platform and data marketplace work together to improve the security and individual control of health data, increase health access and equity, reduce healthcare costs, and enable new insights and care models. Currently BurstIQ services major healthcare institutions, OEM data partners, unions, government agencies and sovereign nations.
Forward-Looking Statements Disclosure:
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "beliefs," "estimates," "expects," "intends," " plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risk, and uncertainties, and by reference to the underlying assumptions.
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BurstIQ Business Inquiry Contact:
Amber Hartley, Chief Corporate Development Officer
Source:Millennium Blockchain Inc.