Digital currency may have a limited lifespan but the launch of corporate coins or tokens and the blockchain technology behind it will be winners
Momentum Public Relations
Blog: April 10 2018
If you don’t keep up with the world there is a tendency to be left behind. That thought may come back to haunt those who are scorning the topsy-turvy world of cryptocurrency. Then again the naysayers may be right to scorn digital currencies.
In a CNBC interview aired on January 10, 2018, billionaire investor Warren Buffet, sometimes known as the Oracle of Omaha said that cryptocurrencies are headed for trouble.
“We’ll never have a position in them,” Buffett, chairman and CEO of Berkshire Hathaway, told CNBC’s “Squawk Box.” “I can say with almost certainty that they will come to a bad ending.”
Financial Post columnist Diane Francis sees investing in cryptocurrencies much like investing in Canadian Tire money and the biggest scandal since Bre-X.
Christine Lagarde, head of the International Monetary Fund, believes that unless cryptocurrencies are regulated they will become an oasis for money laundering and a method for financing terrorism.
Cryptocurrencies began life in 2010 when Bitcoins were launched as a digital currency independent of any regulatory agency. To say they have captured the imagination of investors is to understate the situation. According to Digital Trends there are 1,300 cryptocurrencies in existence. Among them are Dash, Ethereum, Einsteinium, Litecoin and Plasma. Some cryptocurrencies have turned out to be nothing more than frauds.
According to the CBC, Canadians lost C$1.7 million dollars to cryptocurrency fraud in 2017, double the amount lost in 2016. And then there are the cyberjackings that take place when cyberminers hijack your computer network and use it to mine bitcoins or some other cryptocurrency. In a Globe and Mail story, Troy Mursch was quoted as saying that up to 50,000 web sites had been taken over to mine cryptocurrencies. These included the websites of the Information and Privacy Commissioner of Ontario and a number of municipal websites.
None of this appears to have quenched investors’ thirst for what some see as a valueless security. On March 23, 2018, The Toronto Star ran a story announcing that the owners of the TSX, TMX Group, through its subsidiary, Shorcan Digital Currency Network, was launching a cryptocurrency brokerage service. The new service will focus on Bitcoins and Ethers.
While people like Diane Francis and Warren Buffet scorn and avoid cryptocurrencies, other believe its time may have come. On February 23, 2018, CNBC published a financial commentary by Julian Hosp called, Five Reasons 2018 could be the best year yet for cryptocurrenices. To be fair, Hosp, who is heavily invested in Bitcoins, has also written a commentary for CNBC called Four triggers could cause a cryptocurrency crash. Hosp knows about cryptocurrency. He cofounded TenX which provides debit cards that people can use to spend their cryptocurrency. TenX has also issued a large Initial Coin Offering or ICO.
ICOs are the way that digital currencies are launched. To say that digital currencies have blown a breath of fresh air through the investment community would be an understatement. In one way or another, individual companies are jumping on the bandwagon and finding ways to take advantage of the situation.
Digital currencies are driven by blockchain technology where separate nodes all store essential ledger information. In order for a transaction to go ahead, it has to be verified in all the nodes. The information is encrypted and there are only two keys. One key is held by the digital currency and one key is held by the individual currency owner. This makes the currency or process tamperproof and provides a secure payment network. The ability to provide a very secure payment network is perhaps the chief attraction of digital currency.
On January 11, 2018, ATWTech, (TSXV:ATW), announced that it had partnered with the Einsteinium Foundation, EMC2 to launch Einsteinium coins, a cryptocurrency. ATWTech is a carrier billing company that is heavily invested in interactive communication. It provides telephone voting services for television shows and texting services that provide appointment alerts to consumers for the Quebec Ministry of Health, among other activities.
In order to diversify its payment options, Voxtel, a subsidiary of ATW Tech, plans to implement EMC2 cryptocurrency in all its platforms such as mobile donations, social communities, messaging, gaming and voice services. The Einsteinium cryptocurrency may as yet, be the only cryptocurrency with an altruistic bent. Its objective is to fund scientific research, advanced IT research and advance cryptocurrency projects.
One of the most interesting developments that digital currency has produced may be its use as a way to finance corporate development. Canadian Oil and Gas junior Hillcrest Petroleum (TSXV: HRH), announced in late January that it has signed an agreement with Entoro Capital to establish a digital Initial Coin Offering, ICO. The Hillcrest digital currency would be based on future revenue from its oil and gas business.
Hillcrest believes that launching an asset backed digital currency could provide it with substantial development funding and open the doors to a broader swath of investors.
As Hillcrest CEO Don Currie said in the press release announcing the decision, “The investment community has been extremely supportive of alternate currencies and Hillcrest looks forward to participating in this new and rapidly evolving investment process.
If the Bitcoin bubble does break, chances are that digital currencies will survive as an alternative financing mechanism when they are backed by real assets, as is the case with Hillcrest.
Relevium Technologies, (TSXV:RLV), a wellness and health care products aggregator, sees a slightly different angle in digital currencies. While it too is contemplating launching an ICO, it appears much more keen to use the blockchain technology that keeps digital currency transactions secure to ensure the security of its online transactions.
Whether or not cryptocurrencies are fated to fall as quickly as they rose is a moot point. On the surface investing in Bitcoins and the like does seem to be an advanced case of the Emperor’s new clothes.
Corporate tokens or coins, on the other hand, may very well have a long life because they are asset based, offer a new financing method for junior companies and in the end may very well prove to be the new form of company shares, with the advantage that you won’t have to go through a stock exchange to purchase or sell them.
Given that cryptocurrencies are havens for fraud and money laundering, that the bubble may or may not burst at any moment, the wise investor may see corporate tokens and blockchain technology companies as the best safe investments in the digital currency environment.
Check out our recent post, A Bitcoin Primer
- Published in Blog
A Bitcoin Primer
Momentum Public Relations
Blog: March 26 2018
Some of us know a little, some of us know a lot, but most of us haven’t got the foggiest notion of what a Bitcoin or a cryptocurrency is.
If you follow the news, you will have noted that media coverage is increasing. On Thursday March 15th, CNBC reported that the value of global cryptocurrencies fell from US$372.9 billion to US$310.4 billion. According to Digital Trends there are 1,300 cryptocurrencies in existence. Among them are Dash, Ethereum, Litecoin and Plasma.
Investing in them may be a dangerous gamble, even Venezuela has floated a cryptocurrency, the Petro. Financial Post columnist Diane Francis has ranked them on a par with the Bre-X scandal, Canadian Tire money and has advised investors to avoid them like the plague.
The reason for the recent fall in value was mainly twofold, the threat of increasing regulation and the actions of the trustee for Mt Gox a bankrupt Japanese bitcoin clearing house, who flooded the market with bitcoins in an attempt to pay off creditors.
The slide in value was also pushed along by the news that first Facebook in January and then Google in March banned advertising for cyptocurrencies, wallets and ICOs. Highly volatile, the value of bitcoins fell from US$20,000 in 2017 to US$8,219 a bitcoin on March 15th.
Cryptocurrencies are a digital currency. They aren’t backed by any national bank or regulated by any government or financial regulatory agency. Their only value is what you think it is and that may end up being nothing at all or a great deal.
Bitcoins are generated by solving complex mathematical puzzles. A process which makes seeing any real value in them difficult. It is a process which consumes a great deal of electricity. Wallets are applications that store cryptocurrencies on your computer and ICOs are Initial Coin Offerings which take place when a new cryptocurrency is launched.
Along with last week’s fall in cryptocurrency value, other recent news headlines include Plattsburg, New York’s decision to stop selling cheap electricity to bitcoin miners because they have driven the cost of electricity up for other residents and the arrival of a bitcoin mining operation in Sherbrooke, Quebec where Sherbrooke Hydro offers cheap electricity.
Quebec-based Bitfarm says that its Sherbrooke operation will employ up to 250 people. The company has operations in several communities in Quebec’s Eastern Townships. Bitfarm is reportedly spending $250 million to set up its Sherbrooke operation.
Bitcoin miners from as far afield as China have been reported as eyeing Quebec because of its comparatively cheap electrical rates.
All of this was topped by the announcement by Quebec Premier Philippe Couillard that bitcoin miners were not welcome in the province because they didn’t provide any added value for Quebec. Quebec may even decide to deter bitcoin operations by increasing the amount Hydro Quebec charges them for electricity.
It appears that while we were napping and concentrating on real stocks with real products and real business plans that the business of cryptocurrencies has become the object of intense speculation.
American financial regulators have allowed the trading of bitcoin futures. There is even a company, HashChain, trading on the TSXV and OTCQB that along with being an active bitcoin miner, offers tax software targeted at the fast and exciting world of cryptocurrency.
By their very nature cryptocurrencies are shadowy and elusive. Murky because we don’t really know who bitcoin creator Satoshi Nakamoto is, or if he actually ever existed. Nakamoto has said via internet posts that he lived in Japan but the internet server he used was a free one located in Germany.
Even the name is a little confusing. Merriam Webster defines crypto as a “person who adheres or belongs secretly to a party, sect or other group.” The word was coined in 1946 and most commonly used in a compound form, crypto-communist, crypto-fascist, etc.
Crypto in cryptocurrency, instead refers to the fact that transactions on a cryptocurrency network are encrypted, safe and secure.
In 2008 Nakamoto posted a paper on the creation of a cryptocurrency on a cryptographers message board. During 2009 he launched bitcoin. By 2010 Nakamoto had handed bitcoin over to another developer, Gavin Andreson who had helped develop bitcoin technology. Nakamoto stopped posting on bitcoin forums in 2010 and hasn’t been heard of since.
The benefits of a cryptocurrency or rather, the technology behind it could be very large. Blockchain technology promises to make transactions faster and ensure privacy. Bitcoin was initially developed during the 2008 banking crash and subsequent recession.
Some supporters see cryptocurrencies as a cure all for economic woes because cryptocurrencies are not state regulated. Because they are not regulated they can’t be used to provide economic stimulation that in turn devalues currency. Others believe they can eliminate credit card fraud, provide a financial safe haven for people living in war zones and the ability to provide people without bank accounts a safe way to transfer money.
While most of these are laudable desires, the true value in cryptocurrencies probably lies in the development of blockchain technology that allows cryptocurrencies to make fast, safe and easy transactions.
Cryptocurrencies had been dreamed of and worked on since the 1990s but Nakamoto was the first to solve the basic problem which had held development back, how to prevent people from simply cutting and pasting their digital currency again and again. This is called the double spend.
To put it a little more simply, he developed a system that would prevent digital currency fraud. He did this by creating a central registry or ledger that would be maintained by members of the bitcoin community in a variety of locations. Because every ledger entry is checked against other nodes in the network fraud becomes impossible.
The central registry and bitcoins themselves depend on blockchain technology. Cryptocurrencies are based on the idea of making transactions quicker and simpler by bypassing government control of currency. It does this by storing information across a peer to peer network, a blockchain. This can be better understood if you think of the blockchain as an operating system and bitcoin as the application that runs on it.
Bitcoins and for the most part other cryptocurrencies are generated by what is called mining. This is a computer intensive activity whereby a series of computers are strung together to solve a mathematical puzzle. The first “miner” to solve the problem is rewarded with a set number of bitcoins. The amount of electricity this uses globally is equivalent to all the electricity used by Ireland.
Wired has an excellent guide to bitcoins and cryptocurrencies which you can read by following this link. Next week this blog will explore the reasons behind calls for an intense regulatory regime for cryptocurrencies and some of the reasons why some investors won’t touch them with a ten foot pole.
Hillcrest Signs Digital Currency Engagement Agreement
Momentum Public Relations
Press Release: January 15
Hillcrest Petroleum Ltd. has signed an engagement agreement with Entoro Capital LLC, headquartered in Houston, Tex., to establish a digital or cryptocurrency initial coin offering. The focus will be on an asset-backed energy security coin offering that will utilize the best-of-breed blockchain technologies for the Canadian energy market.
Hillcrest engaged Entoro as the company’s agent to provide investment banking, business development and consulting services in partnership with the company in potential financing transactions using digital and cryptocurrencies for acquisitions and development of the company’s business plan focused in Alberta and Saskatchewan, Canada.
Entoro, through its relationships and contacts within the investment community, will advise and assist the company to raise capital through an ICO financing, and will assist in identifying and evaluating potential ICO investors. The ICO will be structured and offered through a wholly owned subsidiary of Hillcrest. The offering will be available for investment through various exemptions and regulations currently in effect in Canada, the United States and other jurisdictions around the world.
Any ICO completed would proceed through appropriate regulatory channels to ensure that all activities are compliant and approved by the relevant regulators in jurisdictions where the financing will be offered. The white paper, distribution plan and process will be forthcoming and available from the company and/or Entoro.
“Hillcrest is excited to be working with Entoro Capital and jointly pursuing an ICO as an alternate form of financing which could result in additional value for the company,” stated Hillcrest chief executive officer, Don Currie. “The investment community has been extremely supportive of alternate currencies and Hillcrest looks forward to participating in this new and rapidly evolving investment process. The company will use Western Canadian reserves and production as the value basis for an ICO and will be better placed to attract a broader spectrum of investors. An ICO is considered to be a particularly effective funding alternative for Hillcrest as it may provide access to substantial capital funding to deliver value growth from our existing and new Western Canadian oil and gas projects, without exposing existing shareholders to potential dilution through conventional equity funding.”
- Published in Hillcrest Petroleum
Relevium to Host Webcast to Discuss Previously Announced Blockchain Project
Momentum Public Relations
Press Release: January 18th, 2018
Relevium Technologies Inc. (TSX VENTURE:RLV)(OTC PINK:RLLVF)(FRANKFURT:6BX) (the “Company” or “Relevium”), is pleased to announce that it will be hosting a webcast in conjunction with Quantomic LLC to discuss Tagspire, the virtual intelligent e-retail platform and artificial intelligence technology stack.
Management and the Board of Relevium have been monitoring public forums and have received multiple questions regarding the January 11, 2018 announcement of a Joint Venture (the “JV”) between the Company and Quantomic LLC. In order to provide clarity and answer these important questions, the Company will be hosting a Webcast, and invites all stakeholders to participate in this exciting information session.
Webcast Details
Relevium – in conjunction with Quantomic LLC – will be hosting a Q&A information webcast on Monday January 22, 2018 at 16:15 ET with Mr. Aurelio Useche, President and CEO of Relevium, and Mr. Karim Hijazi, Founder and CEO of Quantomic LLC.
Investors can email questions for Management to investors@releviumcorp.com prior to 11:59 a.m. ET on Monday January 22, 2018 and they will be addressed on the webcast at the discretion of Management.
During the webcast, the two CEOs will discuss the genesis of Tagspire, the strategic fit between the companies, and explain their shared vision for this exciting platform and technology. In addition, the Company will seek to answer questions that have been raised by shareholders and give guidance on the direction that the Company foresees for the JV, the proposed initial coin/token offering (the “ICO”) and impact for current Relevium shareholders.
Mr. Aurelio Useche, President and CEO of Relevium stated: “We are excited to join forces with Karim Hijazi, founder and CEO of Quantomic LLC and creator of Tagspire.” Mr. Useche continued: “Karim is an accomplished member and leader in the cyber-security community with a track record of previous exits in this space, making this information session a must attend for all our stakeholders.”
Date | Monday, January 22, 2018 | |
Time | 4:15 p.m. ET | |
Conference dial-ins: | ||
Canada | 1 (647) 497 9389 | 1 888 816 4438 |
United States | 1 (951) 384-3421 | 1 866 901 6455 |
Registration URL | https://attendee.gotowebinar.c |
|
Webinar ID | 673-021-811 |
A recording of the webcast will be available upon request. Please email requests to investors@releviumcorp.com for a link to the recording.
About Relevium Technologies
Relevium is a TSXV-listed company focused on growth through the acquisition of businesses, products and/or technologies with a focus on e-commerce in the growing health and wellness sector. Relevium Technologies Inc. also holds patented intellectual property for the use of static magnetic fields for application on wearable devices.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, including the timing and completion of the proposed acquisitions, are forward-looking statements and contain forward-looking information. Generally, forward- looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including the assumptions that the Company will obtain stock exchange approval of the Offering, the proposed acquisition will occur as anticipated, that the Company will raise sufficient funds, and that the Company will obtain all requisite approvals of the acquisition. These forward- looking statements are 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 statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, the risk that the proposed acquisitions may not occur as planned; the timing and receipt of requisite approvals and failure to raise sufficient funds under the Offering. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
On Behalf of the Board of Directors
RELEVIUM TECHNOLOGIES INC.
Aurelio Useche, President and CEO
RELEVIUM TECHNOLOGIES INC
Email: eierfino@releviumcorp.com
Website: www.releviumtechnologies.com
Edward Ierfino
Investor Relations
+1(514) 562-1374
eierfino@releviumcorp.com
www.releviumtechnologies.com
- Published in Financial Technology, Life Sciences, Nutraceutical, Relevium Technologies, Technology
St-Georges’ Subsidiary ZeU Crypto Networks Signs Letter of Intent to Acquire all Qingdao Tiande Technologies’ Assets
Momentum Public Relations
Press Release: January 15, 2018
St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) announces that its wholly owned subsidiary, ZeU Crypto Networks Inc. (“ZeU “), a private blockchain technology company, has entered into a non-binding letter of intent (“LOI” ) to acquire all of the Blockchain and Smart Contract Technologies assets (the “Transaction” ) of Qingdao Tiande Technologies Inc. (“Tiande “), a Chinese private company.
Pursuant to the terms of the LOI, the proposed consideration for the Transaction is an aggregate amount of CND$150 million payable through the issuance of 150,000,000 common shares (“Shares” ) and 75,000,000 Shares purchase warrants (“Warrants “) in the capital of ZeU. Each Warrant will entitle the holder to acquire one (1) Share at a price of CND$1.00 for a period of three (3) years following the date ZeU completes a transaction pursuant to which its common shares will either be listed on a recognized stock exchange in North America, or will be exchanged for common shares of a reporting issuer listed on a recognized stock exchange in North America.
On January 4, 2018 St-Georges (the “Company”) announced it was granted an exclusive global license to Tiande’s Blockchain and Smart Contract technology for mineral commodity production, trading and tracking. The Company assigned the License to ZeU in consideration of 20,000,000 common shares of ZeU. Whereas St-Georges owned 100% of ZeU with a license specific to the mineral commodity space, upon successful completion of the transaction, St-Georges will share ownership in ZeU, with global application reach.
” We are thrilled to enter into this agreement with Tiande and their world class scientific team. Dr. Tsai has laid out a plan to deploy what many industry experts believe to be a world class Blockchain ecosystem that stands at the threshold of a new, far-reaching technological revolution. The assets being acquired today, from the patents to the commercial and sovereign relationships and the significant human capital, are second to none in the domain. Our Ecosystem is ready to be deployed in this quarter, starting with the SandBox initiative and quickly followed by the BigData suite of solutions. Finally, the biggest and most significant mass application project, The “Internet of Blockchains” (IoB), will be released before the end of 2018. Response to IoB in every meeting with industry specialists has been significant and, in some cases, has triggered discussions into the realm of what was once unimaginable” said Frank Dumas, CEO and President of St-Georges and ZeU.
The Transaction is anticipated to close on or before February 28, 2018 with a definitive purchase agreement being entered into on or before February 5, 2018. The Transaction is subject to the approval of the Canadian Securities Exchange and certain conditions pursuant to the terms of the LOI, including the completion of a CND$20 million financing on term acceptable to ZeU and satisfactory due diligence.
ON BEHALF OF THE BOARD OF DIRECTORS
“Frank Dumas”
FRANK DUMAS, PRESIDENT & CEO
About St-Georges
St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.
The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1.
For Press Release Inquiries: 514.295.9878 or ceo@stgeorgesplatinum.com
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
- Published in crypto, St-Georges Eco-Mining, Technology
Relevium Signs JV for E-Commerce AI With Blockchain Technology Integration, Proposes Initial Coin Offering
Momentum Public Relations
Press Release: 2018-01-11
Relevium Technologies Inc. (TSX VENTURE:RLV)(FRANKFURT:6BX) (the “Company” or “Relevium”), is pleased to announce the signing of a joint venture agreement (“JV”) with Quantomic LLC (the “Parties”) for Tagspire, a virtual retail and visual commerce platform.
Highlights
- Tagspire uses AI and Machine Learning to auto-tag products to retailers in photos and videos
- Product database of over 35 million and growing
- Tagspire is fully operational on iOS and Android
- JV consummated on a proposed Initial Coin Offering (ICO) or equity financing of USD 20MM+
- Relevium will integrate the platform to the blockchain as a network utility token
Note to reader: There are multiple hyperlinks in this news release. If the reader cannot see the hyperlinks, please consult http://releviumtechnologies.com/press-releases/ where a version of the release with hyperlinks is available.
Aurelio Useche, CEO of Relevium Technologies stated: “Initially announced on September 7, 2017, Relevium has been looking at how to integrate AI and machine learning in the e-commerce space.” Mr. Useche continued: “The team quickly found out that the biggest hurdle was to have enough data in order to gain insight on consumer behaviour. Tagspire solves this issue as all user data is generated in the Tagspire ecosystem and then pushed out to platforms such as Instagram, YouTube, Facebook, Twitter, Pinterest, etc. The team at Relevium believes that the Tagspire platform is a perfect candidate for blockchain integration as a network token and an ICO.”
Karim Hijazi, President and Founder of Quantomic LLC stated: “I created Tagspire when witnessing the rise of visual platforms like Pinterest, Instagram and Snapchat; where immense amounts of time and creativity were being spent producing content. However, effective monetization of that content was still nascent.”
Mr. Hijazi went on to state: “With Tagspire, the goal was to create a truly immersive, fun and social marketplace platform that would appeal not only to entrepreneurial consumers, but also to influencers and brands alike. I believe that user-generated content leveraged appropriately and effectively will be the next big disruptor in retail; not to mention the unparalleled intelligence that could be gleaned from it.”
What is Tagspire?
Tagspire is a virtual retail and visual commerce platform, the purpose of which is to deliver high fidelity marketing intelligence to brands, harvested from user-generated content. Presently, Tagspire can be used on iOS, Android and as a WebApp and browser extension. When images are captured and pushed to social media, users earn a commission on any sales made from items/objects that are tagged in their photos or videos.
Tagspire is a sales engine inside an Instagram-like environment capitalizing on discovery and the “impulse purchase” facilitated by a familiar face. Auto-tagging functionalities are currently being deployed and the artificial intelligence engine – using Google TensorFlow – can recognize over 35,000,000 retail products ranging from apparel to electronics and cosmetics. The Tagspire technology is in constant evolution and can already auto-generate tags on static images as well as in video clips. Tagspire currently connects to such retailers as: Best Buy, Avon, Target and American Eagle. A full list of currently connect retails can be found at tagspire.com/retailers.
To illustrate the power of the technology, click here to watch a short video illustrating the Tagspire mobile app. The technology identifies an Apple iPhone in a photo taken by the app, and then auto-tags the product in the image, linking it to the apple.com purchase page. Using the power of Google TensorFlowmachine learning, the Tagspire neural network has been trained to identify an “Apple iPhone Red Product” and then link it automatically, in this case, to the buy page on apple.com. The final post is embedded here(make sure to roll your mouse over, or tap the tag icon to see a preview of the buy page).
Tagspire is currently operational and is available in the Apple iTunes Store for iOS (click here), as well as for Android (click here) in the Google Play Store.
Initial Purpose and Principal Terms of Joint Venture
The Parties will combine resources to raise capital through either an ICO or initial token offering on an existing blockchain or through the capital markets (the “Offering”) for gross proceed of no less than USD$20 million. If the Offering is structured as an ICO, it is expected that it will be completed through a newly created entity (“NEWCO”) using the current best practices for coin and token offerings. If the Offering is structured as an equity or debt financing through traditional capital raising mechanisms (for example investment dealers), it will be completed through Relevium Technologies. Management of Relevium Technologies is working towards the structure of the Offering and will disclose terms as they become finalized.
A USD$8 Million portion of the proceeds of the Offering will be paid to Quantomic LLC allowing Relevium to secure a 51% ownership stake of NEWCO. The balance of no less than USD$12 Million, will be used to fund NEWCO and the continued development of the Tagspire platform and ecosystem, including blockchain integration, data set acquisitions, AI programming and training, server and software costs, marketing and human resources. It is anticipated that the initial management team of NEWCO will be comprised of the current management team from Quantomic LLC and complimented by human and intellectual capital from Relevium Technologies. Upon consummation of the JV, NEWCO will operate as a subsidiary to Relevium Technologies and the Board of NEWCO will be represented by both JV Parties.
The Parties also agree to cooperate and contribute the following:
(i) Relevium shall contribute all the costs, know-how and resources necessary to ensure a successful token offering or financing to fund the Offering, including preliminary due diligence of the IP, definition of the project, attributes of the proposed token, preparation of the white paper, legal and accounting fees, compliance, marketing and overall management of the financing of the JV.
(ii) Quantomic LLC shall contribute the intellectual assets, licenses, trademarks, patents, proprietary information, copyright and content necessary to demonstrate the current and prospective value of the IP.
While the Parties have agreed to use their commercially reasonable efforts to complete the Offering, there can be no guarantee that the Offering and JV will be completed as currently contemplated by the Parties or at all.
Right of First Refusal
Quantomic LLC acknowledges that Relevium will be incurring substantial costs to finalize the terms of the JV and the Offering. As partial consideration of the JV, Quantomic LLC agrees for a period of 60 days not to enter into any new negotiations or discussions with any third party in respect of the sale of all or any part of its shares, business or assets. However, Quantomic LLC may continue existing and ongoing discussions with third parties regarding the potential acquisition of its intellectual property. Prior to accepting any bona fide offer, Quantomic LLC must give notice to Relevium as the Company has a right of first refusal on any such offers.
Pursuant to regulatory guidelines, further financial details and related fees regarding the joint venture will be disclosed in connection with the closing of the transaction.
About Relevium Technologies
Relevium is a TSXV-listed company focused on growth through the acquisition of businesses, products and/or technologies with a focus on e-commerce in the growing health and wellness sector. Relevium Technologies Inc. also holds patented intellectual property for the use of static magnetic fields for application on wearable devices.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, including the timing and completion of the proposed acquisitions, are forward-looking statements and contain forward-looking information. Generally, forward- looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including the assumptions that the Company will obtain stock exchange approval of the Offering, the proposed acquisition will occur as anticipated, that the Company will raise sufficient funds, and that the Company will obtain all requisite approvals of the acquisition. These forward-looking statements are 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 statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, the risk that the proposed acquisitions may not occur as planned; the timing and receipt of requisite approvals and failure to raise sufficient funds under the Offering. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that is incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
On Behalf of the Board of Directors
RELEVIUM TECHNOLOGIES INC.
Aurelio Useche, President and CEO
RELEVIUM TECHNOLOGIES INC.
Email: eierfino@releviumcorp.com
Website: www.releviumtechnologies.com
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Edward Ierfino
Investor Relations
+1 (514) 562-1374
- Published in Relevium Technologies, Technology
St-Georges wholly own Subsidiary ZeU Crypto Networks Announces $20M Debenture Offering
Momentum Public Relations
Press Release: January 8, 2018
St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) announces that its wholly owned subsidiary, ZeU Crypto Networks Inc. (“ZeU “), a private blockchain technology company, intends to sell $20,000,000 aggregate principal amount of 10.00% convertible unsecured debentures (“Debentures “) on a non-brokered offering basis (the “Offering “).
All Debentures are being sold at a price of $1,000 per Debenture, subject to a minimum subscription of $10,000. The Debentures will mature 24 months after their issuance (the “Maturity Date “) and will bear interest at an annual rate of 10.00%, calculated from date of issue, compounded quarterly and payable at the Maturity Date.
St-Georges (the “Company “) would like to provide additional information to a statement made in its press release on January 4, 2018. The Company stated that it has transferred the license acquired from Qingdao Tiande Technologies Inc., (“Tiande “) to its newly formed wholly owned subsidiary, ZeU Crypto Networks Inc. against the issuance of 20,000,000 common shares of ZeU. The shares were issued at a book value of $0.10 per share. This information was missing from the press release.
Frank Dumas, President and CEO of St-Georges Eco-Mining stated “This financing of ZeU Crypto Networks will allow St-Georges to significantly accelerate its global eco-mining and mineral commodity goals (…) As previously announced, we are very excited about the acquisition of the blockchain technology license from Tiande and its transfer in ZeU, a pure-play blockchain transaction that advances our strategic objectives and which we expect will take on a life of its own in the near future,” added Frank Dumas. “With a successful completion of the Offering, we expect ZeU to be favorably positioned to monetize its newly acquired technology and seek out additional assets while analyzing corporate reorganization options.”
ST-GEORGES AND THREED CAPITAL TEAM UP
Further to our recent press release on December 31, 2017, in which the Company announced the addition of Sheldon Inwentash, Chairman and CEO Of ThreeD Capital (IDK:CSE) to our Advisory Board, St-Georges is pleased to announce that ThreeD Capital has agreed to introduce ZeU to its global network and blockchain ecosystem.
Mr. Inwentash stated “ThreeD Capital, through its wholly owned subsidiary, Blockamoto.io , has set a mandate to provide strategic advice to assist early stage blockchain solutions in reaching viability as quickly as possible. ZeU Crypto Networks could represent the most disruptive protocol of the already disruptive blockchain industry.”
ADDITIONAL DEBENTURE TERMS
The Debentures will be convertible at the option of the holder into common shares of ZeU (“ZeU Shares “) at any time prior to the close of business on the Maturity Date at a conversion price (the “Conversion Price “) equal to the greater of: (i) $1.00, and (ii) if the date of any conversion is following the announcement by ZeU of a liquidity event (a “Liquidity Event “), the amount which represents the maximum permitted discount by an exchange to the transaction price assigned to each ZeU Share or resulting issuer on the occurrence of the Liquidity Event. Upon the occurrence of a Liquidity Event, ZeU may force the conversion of up to 25% of the principal amount of the then outstanding Debentures at the Conversion Price. ZeU may elect, from time to time, subject to applicable regulatory approval, to satisfy its obligation to pay interest on the Debentures (i) in cash, or (ii) by issuing the equivalent value in securities.
ZeU is not a reporting issuer and the Debentures will not be listed. Completion of the Offering will be subject to the acceptance and approval of the Canadian Securities Exchanges since it will represent a disposition of assets for SX.
The Debentures, and any ZeU Shares issuable upon conversion of the Debentures, will be subject to a hold period of four months and one after the later of (i) any respective Closing, and (ii) the date ZeU became a reporting issuer in any province or territory.
BLOCKCHAIN AND SMART CONTRACT TECHNOLOGY LICENSE
On January 4, 2018, the Company announced the signing of a significant, non-arm’s length blockchain and smart contract technology license agreement (the “License”), with Qingdao Tiande Technologies Inc., (“Tiande”). Tiande is led by world-renowned blockchain expert, Dr. Wei-Tek Tsai, who initiated the first academic laboratory dedicated to blockchain research and education in China at Beihang University’s School of Computer Science and Engineering.
Dr. Wei-Tek Tsai received his S.B. in Computer Science and Engineering from Massachusetts Institute of Technology (MIT) at Cambridge, MA in 1979, M.S. and Ph.D. in Computer Science from University of California at Berkeley in 1982 and 1985. He joined Arizona State University, Tempe, Arizona in 2000 as a full professor of Computer Science and Engineering in the School of Computing, Informatics, and Decision Systems Engineering. He became an Emeritus Professor in Dec. 2014.
He has authored more than 500 papers in software engineering, service-oriented computing, cloud computing and blockchains. He travels widely and has held various professorships in Asia and Europe
ON BEHALF OF THE BOARD OF DIRECTORS
“Frank Dumas”
FRANK DUMAS, PRESIDENT & CEO
About St-Georges
St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.
The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1.
For Press Release Inquiries: 514.295.9878 or ceo@stgeorgesplatinum.com
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
- Published in St-Georges Eco-Mining
Preliminary Third Party Report Leads St-George to Accelerate Plans to File for Patents on Extraction for Lithium in Clays
Momentum Public Relations
Press Release: December 27, 2017
St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to release the findings of the preliminary report provided by the third party contractor hired to execute certain tests in relation to St-Georges’ research initiatives related to the extraction of lithium in clays.
The first stage of the mandate given to Dundee Sustainable Technologies (CSE:DST) was to characterize the material from the Bonnie Claire Lithium Property – provided by Iconic Minerals Ltd (TSX-V: ICM) – and to test it using currently knowns extraction techniques, commercially deployed or known in the public domain from academic research. St-Georges will work strategically with all the potential suppliers to optimize for total cost of ownership and develop a green foot print. This will include solvent extraction, membranes and electrolysis to make a lithium product that meets or exceeds industry standards.
The extraction techniques evaluated can achieve recoveries between 80% to 99.9% with a purity of 99.9%. St-Georges is focused on total capital and operating costs with a green foot print. The ecological focus is achieved, in part, by converting by products into saleable forms. St-Georges management is encouraged by the recent developments and is now looking to expand the scope of its analysis in regards to what might be patentable in its extraction methods.
The economic nature of St-Georges proposed technology in relation to the Bonnie Claire project cannot be established prior to the definition of a NI 43-101 Resources Estimate and a Preliminary Economical Assessment of the Bonnie Claire Project. However, the characterization of the material provided by Iconic to St-Georges allows for a certain amount of limited hypothesis. The high percentage of silica and alumina characterized in the material processed from Bonnie Claire makes an already interesting concentration of lithium stand out in the remaining segregated material. The report also hint at are other elements that might be worth recovering like potassium and other agricultural focused by products. The next phase of process optimization will be initiated in January. St George is encouraged by the initial characterization results.
Enrico Di Cesare, St-Georges’ director and vice-president research & development commented: “We are looking forward to working closely with the Iconic exploration team and characterizing and testing the results in parallel of their exploration effort on Bonnie Claire. Our technical team is looking forward to optimizing the process for recovery of lithium and salable by-products with a focus on being ecologically green”.
“(…) Our R&D initiative related to lithium bearing clay is progressing well. Shareholders and stakeholders need to keep in mind however that we still have more challenges in the near future. The next 2-3 months will be critical for the development of the lithium-in-clay (LiC) extraction process. It’s important to note when studying the history of science that a significant amount of disruptive technologies never made it outside of a controlled laboratory environment. The demonstration of commercial scalability is still the make or break milestone that we need to secure and we do not have any guarantee of success at this point in time. If that milestone is achieved, we will then have the privilege of embarking into the exciting endeavor of bringing a mine to production. (…) over the months and years period that this task might entails” – said St-Georges’ CEO Frank Dumas.
ON BEHALF OF THE BOARD OF DIRECTORS
“Enrico Di Cesare
ENRICO DI CESARE, DIRECTOR, VICE-PRESIDENT RESEARCH & DEVELOPMENT
About St-Georges
St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.
The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
- Published in St-Georges Eco-Mining