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Greenkraft, Inc. (GKIT) Alternative Fuel Products Are Lauded, Listed by Clean Cities Program

  • US Department of Energy lists GKIT alternative fuel products, such as conversion systems and an engine, through its Clean Cities program
  • CalHeat, funded by California Energy Commission, says clean energy fuels can cut greenhouse gas house emissions by 23%
  • GKIT reports receiving orders for its diesel-alternative G-series clean energy trucks; company’s goal is to become the number one source for alternative fuel trucks in North America

Greenkraft, Inc.’s (OTCQB: GKIT) products in the alternative fuel clean truck market have been lauded and listed by the U.S. Department of Energy’s (“USDE”) Clean Cities program. In addition, CalHeat, funded by the California Energy Commission, and operated by CALSTART, cites how clean alternative fuels can cut greenhouse emissions by 23%.

GKIT is disrupting the commercial truck industry with clean alternative energy models that operate on Clean Energy Natural Gas (“CNG”) and Liquefied Petroleum Gas (“LPG”). It also offers conversion systems for petroleum-based fuel engines to operate on natural gas and propane fuels. Its conversion systems work not only on trucks but also on specialty vehicles such as agricultural tractors and stationary machines.

Greenkraft is a Santa Ana, California-based company, operating as a manufacturer and distributor of three lines: alternative fuel clean trucks, conversion systems, and engines. It manufactures commercial-forward trucks for classes 4, 5, 6, and 7. GKIT also makes and sells alternative fuel systems that convert petroleum-based fuels to natural gas and propane fuels.

The USDE’s Clean Cities program cites Greenkraft’s alternative fuel conversion systems and engine in its Guide to alternative fuel vehicles (http://dtn.fm/J0Rnk), specifically naming both its 8.8L natural gas motor and its conversion systems. It explains that CNG is a clean burning fuel alternative, offering the advantages of being colorless, non-corrosive, less expensive than diesel or gasoline, and is in abundant supply. The result: lower levels of emissions into the environment.

The California Energy Commission-funded CalHeat sees CNG-fueled vehicles as reducing greenhouse gas emissions by 23% compared to a diesel-fueled version (http://dtn.fm/Mafg4). GKIT has reported it has received orders for its diesel alternative G-series clean energy trucks (http://dtn.fm/dzCC7). Its goal is to be number one source of alternative fuel trucks in North America.

GKIT’s trucks are sourced globally with the goal of producing environmentally-responsible, reliable and cost-effective trucks for a diverse mix of industries, including vending, plumbing, food services, construction, pest control, landscaping and more. Its goal is to disrupt the conventional trucking industry with alternative fuel models.

For more information, visit the company’s website at www.GreenkraftInc.com

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Veritas Pharma Inc. (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) Aims to Enhance Opioid Analgesic Effects with Specific Cannabis Strain

  • Unique scientific approach lends more credibility and increases consumer confidence
  • Huge potential for cannabis to replace opioids as analgesics
  • Strategic partnerships position Veritas strongly in the medical cannabis industry

On September 13, 2017, Cannevert Therapeutics Ltd. (“CTL”), the research arm of Veritas Pharma Inc. (CSE: VRT) (OTC: VRTHF) (FRT: 2VP), filed a provisional patent for the use of a specific strain of cannabis to enhance the actions of opioid analgesics. Opioid analgesics are traditionally prescribed for relief of acute and chronic pain. However, over-prescription or prolonged use can lead to addiction. Recreational users of opioids commonly run the risk of fatal overdose, with more than 33,000 deaths from opioid overdose reported in 2015, according to the U.S. Centers for Disease Control and Prevention. Cannabinoids found in cannabis provide similar pain relief to opioids, but without the side effects and fatality risk. There is evidence that cannabinoids and opioids can work in synergy to moderate pain. As restrictions on the use of cannabis are eased, there is tremendous potential for cannabis to provide a safe alternative to opioids as an analgesic.

Veritas Pharma employs a scientific approach to support medical cannabis claims and is intent on developing and commercializing the most effective strains of cannabis for medical use. The company is concerned that, with the rapid growth of the medical cannabis industry, product quality is inconsistent and scientific proof of effectiveness is lacking. By forming strategic alliances and partnerships within the industry, the company intends to address this issue. Its approach to research and development is aimed firstly at chemically profiling the various cultivars of cannabis. As a second step, each cultivar is pharmacologically profiled to identify strains for specific diseases before clinical trials are undertaken to establish each cultivar’s utility and efficacy. By using this approach, Veritas will provide physicians and patients the scientific evidence necessary to enable them to use its products with confidence.

There are almost 800 strains of cannabis that have been identified globally, all with varying degrees of quality, potency, and efficacy. Veritas Pharma intends to develop a database of scientific knowledge on these strains while identifying their potential medicinal uses. The company owns an 80 percent stake in Cannevert and will use CTL’s team of pharmacologists, chemists, and anesthetists for the research and development of new strains of medical cannabis.

To date, over 150 pharmacological and biological studies have been conducted leading to the identification of two cannabis strains for the relief of pain and nausea. In addition, the company’s development pipeline includes clinical research and development for strains that can be used for migraines, muscle spasms, epilepsy, inflammation and post-traumatic stress disorder.

To expand and bring its products to market, Veritas Pharma signed an agreement in 2016 with Sechelt Organic Marijuana Corp., subject to Sechelt getting an ACMPR (Access to Cannabis for Medical Purposes Regulations) license to produce cannabis. In anticipation of the license award, Sechelt has leased a property, with an option to purchase, to build a 20,000 square feet two-story facility in British Columbia, Canada. This will include budding rooms of 6,800 square feet, 3,000 square feet of cloning rooms, a testing laboratory and a secure storage room.

Veritas Pharma’s approach to cannabinoid-based product development is unique in the industry. The company has the full belief that its scientific approach will increase consumer confidence and give the industry the credibility it is currently lacking.

For more information, visit the company’s website at www.VeritasPharmaInc.com

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MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Relies on a Strong Investment Strategy to Continue Developing Portfolio

  • MGX Minerals is working to identify new opportunities, acquire interests, and work with industry experts to boost its investments
  • The company’s proprietary process reduces the lithium extraction from 18 months to a few days
  • MGX has acquired 2 million acres of brine bearing formations and has 75 percent working interest in the Lisbon Valley project

MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) continues to develop maintain interest in lithium, magnesium, and silicon projects in North America.  Its key investment strategies have paid off. By recognizing and identifying opportunities for large scale development, engaging in aggressive acquisitions and implementing a strategy while mitigating execution risk with the help of industry experts, the company has improved time to market and diversified its portfolio.

MGX Minerals has worked with engineering partners to create a low-energy design process. The ability to cost-effectively extract minerals from brine wastewater is valuable on many fronts, from the general economy to investors looking to participate. Allowing the concentration of lithium and other minerals in under a day, the company’s proprietary petrolithium process takes the place of an evaporation method that can take as long as 18 months, reducing this to just days. Its process also reduces the amount of land needed to process the mineral. Recovery rates are significantly improved as well.

A number of achievements have been noted recently. Wastewater and lithium brine were processed from eight different projects, at a one-cubic-meter-per-hour rate, in August 2017. The effort proved the economic viability of the company’s technology. MGX also succeeded in employing the rapid recovery process to recover concentrated lithium from heavy oil evaporator blowdown wastewater. In April, results from the Saskatchewan Research Council, which conducted independent laboratory testing, noted the success of the extraction process. At the Sturgeon Lake oilfield, it measured a recovery of 83.7 percent lithium and a concentration of 461 parts-per-million of lithium.

An innovative process and solid investment strategies have enabled MGX Minerals to offer benefits to a number of markets. As the production of lithium steps up, there is the potential to develop a yield supporting the demand for large energy storage systems, improved batteries for portable electronics, and hybrid/electric vehicles. Globally, the lithium-ion battery market has the potential to hit $93 billion by 2025.

The scale of investment strategies has given MGX access to engineering and financing expertise as it expands its operations. Nearly 2 million acres of brine-bearing formations have already been acquired. The low global supply of lithium (and high demand) is just one example of why the company’s extraction method, and investment skill, matters. An operating agreement to acquire a 75 percent working interest in oil and gas leases, with a private lender, gave MGX access to the Lisbon Valley project, which covers parts of Utah and Colorado. Here, lithium brine as high as 730 parts per million has been found.

In addition, the company’s portfolio extends into the wastewater treatment market, which may represent an industry worth $45 billion a year by 2025, according to research group Global Water Intelligence. Its technique can be used to process wastewater. Therefore, opportunities for revenue generation are high moving forward.

For more information, visit the company’s website at www.MGXMinerals.com

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Medical Cannabis Payment Solutions (REFG) Empowers Clients, Consumers with Cannabis Payment Solutions

  • First-tier merchant processing, state-of-the-art system tracks sales and tax collections
  • StateSourced payment technology offers real-world solutions to industry banking dilemma
  • Integrated cryptocurrency payment solution offers additional options
  • An estimated $20.2 billion in legal marijuana retail sales projected by 2021

Medical Cannabis Payment Solutions (OTC: REFG), based in Cheyenne, Wyoming, is a pioneer in the cannabis payment solutions arena with its proprietary merchant processing system. Fully compliant with the federal government’s anti-money laundering regulations, the company serves up an alternative payment solution that empowers businesses by tracking sales and tax collection, freeing consumers and retailers from a dependence on cash-only transactions.

Through its subsidiary StateSourced, Medical Cannabis Payment Solutions is bringing to market the first and only first-tier merchant processing system of its kind that answers a vexing question facing anyone involved in the rapidly evolving cannabis industry: How to pay for a product that the federal government still classifies as a Schedule 1 substance under the Controlled Substances Act of 1970? Banks and other financial institutions are loath to get involved in an industry that is mired in fiscal uncertainty and whose products are viewed as illegal under federal law.

Medical Cannabis Payment Solutions and its StateSourced specialized digital payment platform ensures full compliance with all laws affecting the cannabis industry while delivering full-spectrum merchant processing services (http://dtn.fm/Yoj4Y). Medical Cannabis Payment Solutions is able to offer its StateSourced card on a state-by-state basis where the card can be used in purchasing product from a legal, authorized vendor, providing a much-needed option for consumers and businesses alike.

The company has also announced a partnership agreement with First Bitcoin Capital Corporation that will integrate First Bitcoin’s $Weed cryptocurrency with StateSourced – offering a tailored solution to the specific needs of the marijuana industry. Through this collaboration, a new platform will be launched to deploy an exchange system utilizing $Weed and other prominent cryptocurrencies such as the well-known bitcoin. Growth in the legalized marijuana industry is thriving, as evidenced in 2016 by the $6.7 billion in gross legal sales between the U.S. and Canada, according to an article in the Las Vegas Sun (http://dtn.fm/r4FpQ). That number is expected to reach $20.2 billion in sales by 2021, according to cannabis research firm Arcview Market Research, the article states.

With some form of marijuana legal in 29 states and the District of Columbia, and a 2017 Gallup Poll showing a record high of 64 percent of Americans supporting the legalization of marijuana for recreational use (http://dtn.fm/RMW6r), there is an increased need for payment solutions such as those offered by Medical Cannabis Payment Solutions.

For more information, visit the company’s website at www.MedicalCannabisPaymentSolutions.com

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Marijuana Company of America (MCOA) Subsidiary Poised for Breakthrough with CBD-based Wellness Products

  • Global wellness market expected to grow by 17 percent through 2021
  • CBD-based products predicted to cause a major shift in this market
  • hempSMART has developed marketing strategy to maximize market penetration of CBD-based products

The worldwide wellness industry reached $3.7 trillion in 2016 and is expected to show annual growth of 17 percent through 2021, according to Women’s Marketing (http://dtn.fm/P8cMS). Nutritional products and vitamin supplements form a sizeable portion of this market at the moment, with economists and industry experts predicting that the next major shift in the market will be triggered by CBD-based products. Marijuana Company of America, Inc. (OTC: MCOA), via its wholly-owned subsidiary hempSMART is well positioned to take advantage of this industry growth through the development and marketing of innovative hemp-derived, CBD-based nutritional and wellness products.

Marijuana Company of America was established in 2015 by Don Steinberg and Charles Larsen, two people with extensive experience in the cannabis and industrial hemp industries. MCOA’s primary mission is to develop a diverse portfolio of subsidiary operations and establish strategic joint ventures with industry players while offering turnkey services to the legal cannabis and hemp industry.

Marijuana Company’s subsidiary, hempSMART™, was established to develop and market hemp-derived cannabinoid-based formulations with other natural ingredients. Committed to producing clinically validated products, the company is developing a distribution network for its products at competitive prices combined with convenient and discreet home delivery. It has established a unique hybrid affiliate marketing program as part of its strategy to accelerate market penetration and increase revenues.

hempSMART places a high priority on using the best quality extracts from hemp plants that are produced and processed to maximize cannabinoid concentration and potency. The company currently has two CBD-based products available for distribution. The first, hempSMART Brain (http://dtn.fm/8CjTs), contains clinically studied nootropic ingredients to help support healthy brain function, memory, focus and mental speed. Its other product, hempSMART Drops (http://dtn.fm/S4VfV), is created with CBD-infused hemp seed, fractionated coconut and other essential oils that allow for superior absorption and bioavailability.

In its short existence, hempSMART is well positioned and firmly focused on taking advantage of the continued strong demand and growth CBD-based wellness and nutritional products.

In recent developments, MCOA has concluded the financing of its joint venture with Bougainville Ventures, Inc., involving the cash financing of $800,000, 15 million shares and an equal share of equity and profits (http://dtn.fm/oWv9S). Under the agreement, Marijuana Company will receive a 50 percent equity stake in the joint venture and 50 percent net profits from leasing the 30,000 square foot greenhouse facilities that Bougainville Ventures is building in Washington State. The facilities will house a tenant with an approved Tier 3, I-502 license that will enable it to grow and process legal marijuana in the State, with the BV-MCOA joint company acting solely as landlords. In September 2017, MCOA formed a joint venture with Global Hemp Group Inc. (OTC: GBHPF) (CSE: GHG) to develop an industrial hemp pilot program in New Brunswick, Canada, with the goal of this collaboration being the development of commercial cultivation as of 2018 (http://dtn.fm/qE5wC).

For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com

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Petroteq Energy Inc.’s (TSX.V: PQE) (OTCQX: PQEFF) Proposed Blockchain Platform May Reduce the $150B in Disputed Oil & Gas Transactions

  • Developing blockchain platform for oil & gas industry
  • About 9% of crude oil transactions are disputed
  • Distributed ledger technology may reduce transaction & resolution Costs

There are few sectors as large as the oil and gas industry, which by one account reached 48.7 billion barrels of oil equivalent (“BOE”) in 2016 (http://dtn.fm/h07AW). Despite the depressed prices, revenues climbed to $1,205.6 billion in 2016. West Texas Intermediate (NYMEX WTI) which was trading at over $130 per barrel in 2008 never rose above its current price of $57.75 at any time during 2016. In such a mammoth market, the supply chains crisscrossing the globe are tracked by intricate agreements that span several jurisdictions. With such size and complexity, it is inevitable that contractual disputes arise, resulting in costly reconciliation and resolution procedures. A recent study from Deloitte (http://dtn.fm/24Vpv) concluded that ‘around nine percent of crude oil transactions are disputed, which equates to around USD 150 billion each year.’

However, a new Blockchain platform to be developed by Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), in conjunction with First Bitcoin Capital Corp. (OTC: BITCF), may mitigate some of those frictions. The two companies recently announced a co-development agreement, under which they will develop a new supply chain management platform to be used in the global oil and gas industry, based on advanced Blockchain technology (http://dtn.fm/mES7B). The new platform is appropriately named Petrobloq.

Petroteq Energy is an oil & gas company focused on the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. The company has developed a unique, environmentally-safe, continuous flow, closed loop technology… a first in North America and probably in the world… that requires no tailings ponds, which contain large quantities of toxic sludge resulting from petroleum extraction. Petroteq Energy was featured in two recent Network News Wire editorials: Blockchain to Enable Frictionless Transactions (http://dtn.fm/RtSO8) and Can Blockchain Technology Revolutionize the Global Oil & Gas Industry Supply Chain (http://dtn.fm/TBwK6).

Although commonly associated with cryptocurrencies, Blockchain or distributed ledger technology potentially has many other uses because of its major characteristics. Most importantly, two parties attempting to enter into a transaction will very often know nothing of each other. Consequently, they will typically rely on a trusted third party or intermediary to ensure they are fairly treated. In money transactions, the role of the trusted intermediary is usually taken by a financial institution, which naturally charges for its participation. This gives rise to transaction costs that discourage market participation and may, in some instances, distort markets unduly. However, Blockchain or distributed ledger technology employs a peer-to-peer network and so obviates the need for a ‘referee’ or trusted intermediary.

The distributed ledger aspect of the technology means that new transactions and updates are circulated to all nodes on the network simultaneously. The information in the ledger, which is more like an accounting journal rather than a ledger, is structured and encrypted in such a way that it cannot be altered without agreement by a majority of the nodes in a network (which automatically and simultaneously check the change against the ledger). A transaction is initiated by one party and validated by another using a combination of private and public keys. And since the information is distributed, the greater the number of nodes, the more secure the network becomes. Any attempt at fraud would require the corruption of the same chain in every node in a network simultaneously during the few seconds that the Blockchain is processing a change.

New information is added to the system in “blocks”, which are linked to previous blocks, hence the term “Blockchain”. This history of past transactions further establishes the accuracy and authenticity of transactions since it leaves a trail that can be audited. Thus, the technology can be used in cryptocurrencies, identity documentation, land and share registration and in verifying oil and gas contracts.

For more information, visit www.PetroteqEnergy.com

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WPCS International, Inc., (NASDAQ: WPCS) Subsidiary Signs Definitive Agreement to Merge with DropCar, Inc., Anticipates Name Change and New Ticker Symbol

  • Consummation of transaction is anticipated late in calendar 2017, with the merger calling for WPCS to be renamed DropCar after the closing; stock would continue to trade on NASDAQ under a ticker symbol proposed as DCAR
  • Spencer Richardson, DropCar co-founder and CEO, would be CEO of the new entity; Sebastian Giordano, WPCS CEO, would serve on newly merged company’s board
  • Goal for WPCS is to offer greater shareholder value for its stockholders; when merger is completed, WPCS shareholders would hold 16% of the outstanding common stock in the merged entity while DropCar’s shareholders and advisors would hold the remaining 84%

WPCS International, Inc. (NASDAQ: WPCS), through a wholly-owned subsidiary, has signed a definitive agreement to merge with privately-owned DropCar, Inc. The surviving entity will be named DropCar and the company’s common stock is proposed to trade on the NASDAQ Capital Market under ticker symbol DCAR, according to a December 7, 2017 WPCS SEC S-4 amendment filing.

WPCS will acquire DropCar in an all-stock transaction, the companies announced (http://dtn.fm/hQu6O). The transaction is expected to be consummated late in the fourth quarter of CY 2017. Sebastian Giordano, CEO of WPCS, would serve on the board of the new entity. Spencer Richardson, co-founder and CEO of DropCar, will be CEO of the merged entity.

WPCS is a California-based, low-voltage solutions provider. It installs and services integrated structured cabling, audio-visual and security services for public services, healthcare, energy, and corporate enterprise markets in the U.S.  DropCar offers a cloud-based logistics and vehicle support platform designed to reduce the costs and hassles of owning a car in an urban center.

“This is a new and exciting chapter for WPCS,” Giordano said, explaining that the transaction would enable DropCar to “leverage its technology” and grow in the automotive support and logistics market.

Richardson added in a conference call that DropCar plans to expand into major cities worldwide in the future and said that the company already has more than 1,000 subscriber customers (http://dtn.fm/ZMyg4). He called the company “well positioned” to grow as a destructor within the platform of automotive logistics.

When the transaction is completed, it is anticipated that WPCS common stock shareholders would hold 16% of the new entity’s common, while DropCar’s shareholders and advisors would hold the remaining 84%. However, as a December 4, 2017 SEC 8K filing shows, the actual percentages will be tweaked and modified by amendments to the merger agreement.  Conditions to the closing call for DropCar to raise at least $4 million prior to consummation.

WPCS International offers full service and low-voltage end-to-end solutions. It can transform organizations with new ways to connect their services, communications, and resourcing.

DropCar, founded and launched in New York City in 2015 offers a cloud-based platform and mobile app that coordinates the activities of trained valets in urban centers. They move cars from secured garages to/from the people who own them. It targets, as its customers, both consumers and businesses, including dealerships and shared mobility companies. They use DropCar’s streamlined logistics for parking, taking the cost and hassle out of owning a car in a congested city.

DropCar recently signed a definitive agreement with Toyota of Manhattan for that dealership to utilize its Enterprise Vehicle Assistance & Logistics (“VAL”) platform, which offers tech logistics in the handling of service and delivery of vehicles.

For more information, visit www.WPCsir.com or www.DropCar.com

Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) Partners with Stakeholders to Participate on Global Scale with DehydraTECH™

  • Amidst increasing awareness regarding potential health benefits of cannabinoids, Lexaria is at the forefront of a booming industry
  • LXRP stakeholders have the opportunity to participate on a global scale to improve the delivery and performance of various products
  • Lexaria’s patented technology provides an enabling layer in cannabinoid research and development, existing products and applications

Amidst increasing awareness regarding cannabinoids and their potential health benefits, Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) is at the forefront of the booming cannabis industry with its patented delivery technology, DehydraTECH™. The technology provides an enabling layer to advances in cannabinoid research and development as well as existing products and applications, and allows LXRP and stakeholders to participate, on a global scale, in the medical marijuana market that is expected to reach a value of USD $55.8 billion by 2025 according to a report by Grand View Research, Inc. (http://dtn.fm/Vw4k5)

John Docherty, President of Lexaria Bioscience Corp., recently issued a video clip discussing the company’s innovative technology that allows for the enhanced flavor and faster absorption of edible products. He discussed opportunities LXRP stakeholders have in commercial applications via third-party licensing in order to leverage the innovative technology to improve delivery and performance of various products in a cost-effective manner (http://dtn.fm/DBj6s).

LXRP’s technology enables improved delivery of bioactive substances via oral ingestion that results in increased absorption without the need for unhealthy practices of inhalational dosing that result in damaging affects to the lungs. The technology also eliminates the need for co-administration with unhealthy sugars or sweeteners in delivery that are commonly used to mask the bitter tastes. With DehydraTECH™, bioactive substance delivery is improved by combining molecules with certain fatty acids and carriers, then dehydrated in order to not only accommodate delivery via taste receptors but also accelerate effects as well as intestinal absorption (with accelerated rate of absorption up to 10 times), providing an improved consumer experience and lower cost per dose.

Lexaria’s CBD-based products include tablets, protein energy bars, teas and TurboCBD™ high absorption hemp oil capsules. To date, LXRP has signed royalty agreements with several companies in the United States and Canada for licensed use of its patented technology.

Lexaria is the only company in the world that has been awarded a patent in the United States, Canada, and Australia, for the improved (oral or ingestible) delivery of all non-psychoactive cannabinoids (including liquid emulsions, tablets, capsules, etc.), in addition to delivery of THC and other psychoactive cannabinoids. Additional patents are pending in 40 more countries for use worldwide in an array of applications.

LXRP’s technology is a complimentary layer that works within all research and development applications of cannabinoids in the growing global market. As a result, the technology enables efficacy and results in delivery across a broad spectrum of uses.

For more information, visit the company’s website at www.LexariaEnergy.com

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Bitcoin Services, Inc. (BTSC) Offers Chance to Mine Remaining Four Million Bitcoins

  • Bitcoin crosses $12,000 ceiling
  • Company offers bitcoin mining
  • Company offers blockchain software development

Now that Bitcoin has crossed the $12,000 mark (http://dtn.fm/fZe8y), the demand for Bitcoin mining gear and services is likely to follow the cryptocurrency’s climb to the stratosphere. Despite the caveats, interest in the virtual currency continues to grow. In response, the financial services industry is gearing up to get involved. The Chicago Board Options Exchange (“CBOE”) has promised to start offering Bitcoin futures in December 2017 and the Chicago Mercantile Exchange (“CME”) plans a similar timetable for its Bitcoin futures. Meanwhile in New York, NASDAQ is set to debut its Bitcoin futures product by June 2018, according to Bloomberg (http://dtn.fm/o7F3d). Bitcoin is slipping into the mainstream and as it does, Bitcoin Services (OTC: BTSC) is set to offer its expertise in Bitcoin mining and Blockchain software development.

Bitcoin is, of course, the world’s first completely decentralized digital currency. It differs essentially from what, in recent times, has been regarded as money. Before its advent, there were four main kinds of money, currency, central bank reserves, bank deposits and money market mutual fund deposits, all of which are issued by a trusted institution. The integrity of these issuing authorities is, naturally, vital if one or other of these forms of money is to be widely accepted. Together these four types of money amount to around $13.7 trillion dollars, according to FRED, an economic service of the St. Louis Fed (http://dtn.fm/ALey4). And around 10 percent ($1.5 trillion) of that is held in demand (checking) accounts, a sizeable sum that makes up most of what we use when making payments by electronic means. Now, beginning with Bitcoin, virtual money has been added to the mix and being digital, virtual currencies have increased the amount of funds we can use to transact electronically.

However, although using money balances recorded electronically to make payments offers the advantages of time savings and convenience, such a system poses a problem akin to counterfeiting in the physical world. Making a copy of a digital asset, such as a money balance, stored as a computer file is even easier than counterfeiting bank notes. This possibility of electronic counterfeiting gives rise to what has come to be known as the “double spending” problem, which is one reason that traditional payment systems rely on a trusted third party intermediary.

Bitcoin, as a payment system, solves this double spending problem without relying on a third party. It does this by distributing a record of all transactions, called a ledger, to all users of the system via a peer-to-peer network. Every Bitcoin transaction is registered in this public, distributed ledger, which is called the block chain. New transactions are checked against the block chain to ensure that the same Bitcoins have not been previously spent, thus eliminating the double-spending problem. The global peer-to-peer network, composed of thousands of Bitcoin nodes, takes the place of an intermediary.

In return for verifying transactions and updating the ledger, the operators of these Bitcoin nodes are compensated with newly minted Bitcoins. It’s tough work; to verify a transaction, a node must employ complex mathematical techniques in a process that has been likened to the search for prime numbers. However, rather than looking for prime numbers, Bitcoin miners search for sequences of data called “blocks” that produce a particular pattern when the Bitcoin hash algorithm is applied to the data. When a match occurs, the miner gets new Bitcoins for getting it right plus a fee, in Bitcoins, if that block was used to certify a transaction.

The number of Bitcoins to be supplied has been capped at 21 million. At November 30, 2017, there had been 16.7 million already issued, which leaves over 4 million Bitcoins waiting to be discovered. At a price of $10,000, that’s a fortune of $40 billion for Bitcoin miners.

For more information, visit the company’s website at www.BitcoinServicesCorp.com.

Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) is “One to Watch”

  • Victory Square invests in innovative, game-changing entrepreneurs
  • Provides entrepreneurs access to education programs, global mentorship networks, distribution partners, and other resources
  • Company has secured multiple early partnerships and investments in the blockchain space

Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) is a venture builder that creates, funds and empowers entrepreneurs working in the fields of blockchain technology, virtual reality, artificial intelligence, personalized health, gaming and film. As a technology incubator, Victory Square invests in game-changing entrepreneurs who are provided access to education programs, global mentorship networks, distribution partners, creative workspaces, resources, and other forms of operational support to help them scale internationally.

Victory Square has made multiple early partnerships and investments in the blockchain space. Approximately three years ago the company incubated and invested in BTL Group, which is now a $150 million dollar TSX-listed company offering blockchain solutions across multiple industries with particular focus on the finance, energy and gaming sectors. BTL’s showcase product – Interbit – is a blockchain platform that facilitates the rapid development of business applications that dramatically improve efficiency. Some of the world’s largest institutions are using Interbit to explore new opportunities on private blockchains.

A new social sports betting platform to be developed by Victory Square’s wholly owned subsidiary, FansUnite Media Inc. As a social sports data platform, FansUnite relies on robust data to allow members of its community to engage with like-minded individuals by collaborating, discussing, and predicting the winners of sporting events with a free virtual currency. The integration of blockchain technology into FansUnite’s social sports data platform could also lead to blockchain initiatives developed by other divisions and subsidiaries of Victory Square.

Integral to the FansUnite platform is the introduction of FAN Tokens, an in-game currency purchased with the cryptocurrency Ethereum that token holders can use to place wagers. FansUnite members will be able to earn FAN Tokens through participation in any number of networking effects identified in the company’s Bounty program.

“Blockchain technology and the inherent security it provides will enable us to push every envelope we can to build the most dynamic and responsive social sports betting platform,” said Darius Eghdami, Co-Founder and Chief Executive Officer of FansUnite. “The opportunity to secure data through Blockchain certainly appeals to the accountant in me and we are confident it will become the gold standard among sports betting sites around the world.”

Company subsidiary Victory Square Health Inc., which serves as the venture arm dedicated to companies focused on the development of solutions in personalized health technologies, has also invested in Personalized Biomarkers Inc. (PBI). PBI develops test kits that reliably predict the expected response to a number of therapies prior to prescription, with an initial focus on diabetes. Within this field, five potential biomarkers have been identified, allowing PBI to enter a $4 billion market opportunity.

“We are excited for the opportunity to partner with Personalized Biomarkers as they have correctly identified a massive market opportunity, and have formed an exceptional team of industry leaders,” said Shafin Diamond Tejani, Chief Executive Officer of Victory Square. “This is another investment that is fully aligned with our newly created subsidiary, and one we expect to significantly impact the landscape of personalized medicine.”

A partnership with Insight Diagnostics Inc., also through Victory Square Health, will focus on the development of a personalized diagnostic solution for the improved management and prevention of Type II diabetes.

The company’s investment in V2 Games, a development and publishing studio of high-quality mobile games, is another example of incubating great ideas. V2 Games is well known for its successful launch of PAC-MAN Bounce and Beast Brawlers, two of the company’s releases that are capturing the gaming world by the millions of downloads.

In a move designed to strengthen its presence in film and entertainment, Victory Square has acquired a 40 percent equity stake in United Film Fund II, LLC, which is producing three major motion pictures in 2017 and 2018 including “What They Had,” starring two-time Academy Award winner Hilary Swank.

“This kind of investment in entertainment and film represents a major plank for our Company going forward and we consider ourselves fortunate to have the opportunity to acquire this 40% stake in the Film Fund,” said Tejani, who has launched more than 40 startups in 21 countries that employ hundreds of people and generate more than $100 million in annual revenues. “We believe it’s another strong initiative in film production for us and our stakeholders,” he added.

Victory Square has strategically positioned itself in the legal cannabis industry through an investment in Tantalus Labs, a Canadian-based cannabis cultivation company. Tantalus Labs optimizes plant health and sustainable cultivation by using a unique, environmentally controlled greenhouse engineered specifically for growing cannabis. Called a “SunLab,” the greenhouse takes 90 percent less electricity, uses filtered rainwater, and cools the growing environment to prevent stagnant moisture, recycling the air every 7 minutes to achieve maximum airflow.

Victory Square and its leadership team have seamlessly transitioned from its former identity as Fantasy 6 Sports Inc, a company focused solely on fantasy sports, mobile gaming and immersive sports, to a strategic technology company that creates, funds and successfully executes leading-edge ideas. A long-time technology entrepreneur and advocate of the industry, Tejani received the Person-of-the-Year Award at the 2017 Technology Impact Awards in British Columbia, a hallmark award category that recognizes betterment of the tech industry through leadership and philanthropic or enterprise skills and talents. Tejani has pledged to match up to $1 million in donated funds to be shared by a number of Canadian endeavors aimed at education and child-safe projects.

“These are exciting and important steps in the evolution and growth of our Company, and which properly and fully align with our strategic plan focusing on our core competencies in Blockchain Technology, Artificial Intelligence, Gaming, Personalized Health, Film and Virtual, Augmented and Mixed Reality,” said Tejani. “We’re spurred on by the success we have had in building on our original forays into fantasy sports, mobile gaming and immersive sports. In addition, we are energized by our most recent initiatives in sports, personalized health and entertainment and the confidence being shown by our shareholders in the dynamic direction of the Company.”

Victory Square Technologies and its management team believe innovation, incubation of excellent ideas and social responsibility are at the core of its growing success.

For more information, visit the company’s website at www.VictorySquare.com

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