VANCOUVER, British Columbia, April 24, 2018 (GLOBE NEWSWIRE) -- GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. (CSE:BLOC) (CSE:BLOC.CN) (CSE:BLOC.CNX) (FSE:BWSP) (OTC:BLKCF) ("BLOC" or the "Company") is pleased to announce that it has added fintech pioneer, Richard Schaeffer, to its advisory board. As Chairman of NYMEX, Mr. Schaeffer was responsible for the company’s transition to electronic trading. In doing so, he played a significant role in moving the financial industry online. It was during his tenure that NYMEX had its IPO and listing on the NYSE, which was the most successful public offering of its time. Previously he also served on the boards of Sacred Heart University and the University of Maryland’s School of Business. Mr. Schaeffer currently serves as Chairman of the Board for the eco-friendly chain of food trucks in New York called Neapolitan Express Pizza, and he is an investor in several private companies in commodities and technology.
As part of the Company’s shift in focus towards incubating new blockchain technologies, Mr. Schaeffer brings decades of finance experience and a plentiful base of industry connections to the table. This will make a considerable difference with respect to the Company’s ability to integrate its projects into real-world finance applications, and to create new opportunities with key stakeholders who can benefit from blockchain technology as part of their operations.
Positioned to be the SWIFT of blockchain, the Company recognizes that the Laser Network’s success will depend equally as much on sound management as it will depend on the network’s own technical merits. To this end, the Company has brought four new members to the Laser Network’s advisory board to enrich its collective expertise:
- Stuart Duncan – Mr. Duncan was a key player in bringing satellite television to fruition in the North American market. He is presently CEO of Tokken MSB Inc., an Ottawa-based cryptocurrency holdings and blockchain development company.
- Sukhveer Sanghera – Mr. Sanghera has helped build products and solutions for TD Securities, Polymath, NASA Langley, Deloitte, LedgerX and several others. He holds a master’s degree in mechanical engineering from Carleton University and has extensive experience in the blockchain industry.
- Jonathan Baha’i – Mr. Baha’i currently holds leadership roles in two groundbreaking blockchain space enterprises; Peerplays (co-founder) and eXeBlock (CEO). The non-profit Peerplays operates a wagering blockchain that ensures transparent fairness in gaming. With a core business of developing Dapps (decentralized applications), eXeBlock has brought multiple blockchain-based turnkey business solutions to market, and it is traded on the CSE under the symbol XBLK.
- Michael Zavet – Mr. Zavet is the CEO of Hyperion Exchange Inc., a company developing an SEC-FINRA compliant unified trading platform for cryptocurrencies and digital assets, including digital assets which represent securities. The platform being developed comprises an Alternative Trading System (ATS) built on blockchain technology. Prior to this, he co-founded one of Canada’s most successful public cannabis companies, Emblem Corp., which is traded on the TSXV exchange under the symbol EMC.
“We are delighted to have Richard Schaeffer on board to work with us at Global Blockchain,” said Shidan Gouran – President of the Company. “As the world of blockchain begins to operate on a larger and larger scale, experience like Mr. Schaeffer’s becomes increasingly invaluable – and an essential ingredient for being a truly competitive player in this space.”
BLOC’s Chairman, Steve Nerayoff commented, “We are also thrilled to bring on Stuart, Sukhveer, Jonathan and Michael to the advisory board of the Laser Network. With a shared vision of how Laser will connect thousands of the world’s blockchains just as SWIFT connected thousands of the world’s banks, these new advisory board members’ abilities, connections and perspectives will ensure that we have a realistic and results-focused approach to Laser’s early stages that maximizes the network’s growth potential.”
The Company is also pleased to advise that on April 19, 2018, it received final approval from the B.C. Supreme Court to proceed with the previously announced plan of arrangement.
The Share Distribution Record Date is March 1, 2018. Only the shareholders of the Company as of that date, March 1, 2018, shall receive common shares, on a pro-rata basis, in the subsidiary of the Company, Global Blockchain Mining Corp., that will list its common shares, under the trading symbol “FORK”, on the Canadian Securities Exchange as soon as practicable. For purposes of clarity, any shareholders that acquired shares of the Company after March 1, 2018, will be excluded from receiving shares in the newly listed entity. The Company will announce the new listing in due course.
About Global Blockchain Technologies Corp.
The Company provides investors access to a basket of direct and indirect holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies.
The Company is focused on streamlining the currently arduous, lengthy, and complicated process that interested investors must undergo in order to gain exposure to the cryptocurrency space, with a view to becoming the first vertically-integrated originator and manager of top tier blockchains and digital currencies.
BLOC is listed on the Canadian Securities Exchange (“CSE”) and its common shares trade under the ticker symbol "BLOC". Additional information relating to BLOC is available on SEDAR at www.sedar.com, the CSE at www.theCSE.com, as well as on the Company's website at www.globalblockchain.io.
On behalf of the Company:
Shidan Gouran, President
For more information, please contact:
IRTH Communications, LLC
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or indicates that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, “occur” or “be achieved”. Forward-looking information includes, but is not limited to the Company’s goal of streamlining the current arduous, lengthy and complicated process that interested investors need to undergo in order to gain exposure to the cryptocurrency space with a view to becoming the first vertically integrated originator and manager of top-tier blockchains and digital currencies. The Company has no assets and its business plan is purely conceptual in nature and there is no assurance that it will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made, including but not limited to: statements and expectations regarding the ability of the Company to (i) successfully engage senior management with appropriate industry experience and expertise, (ii) gain access to and acquire a basket of cryptocurrency assets and pre-ICO and ICO financings on favourable terms or at all, (iii) successfully create its own tokens and ICO’s, and (iv) execute on future M&A opportunities in the cryptocurrency space; receipt of required regulatory approvals; the availability of necessary financing; permitting and such other assumptions and factors as set out herein. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to changes in cryptocurrency prices; the estimation of personnel and operating costs; general global markets and economic conditions; risks associated with uninsurable risks; risks associated with currency fluctuations; competition faced in securing experienced personnel with appropriate industry experience and expertise; risks associated with changes in the financial auditing and corporate governance standards applicable to cryptocurrencies and ICO’s; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalization and liquidity risks including the risk that the financing necessary to fund continued development of the Company’s business plan may not be available on satisfactory terms, or at all; the risk of potential dilution through the issuance of additional common shares of the Company; the risk of litigation. Although the Company has attempted to identify important factors that could cause actual results to differ materially from the forward-looking information set out in this presentation, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Source:Global Blockchain Technologies Corp.