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VANCOUVER, British Columbia, Feb. 21, 2018 (GLOBE NEWSWIRE) -- Block One Capital Inc. (TSX-V:BLOK) (OTCQB:BKPPF) (Frankfurt:ES3) (the “Company” or “Block One”), an investment company focused on high growth opportunities in the blockchain and digital currency mining sector, is pleased to provide an update on its investment portfolio.
“Block One’s focus is sourcing, evaluating and investing in early stage, high growth opportunities at attractive valuations. We are confident that our initial investments and our pipeline represents best in class opportunities founded by true technology pioneers with industry applicable track records,” said Mr. Sothi Thillairajah, CEO of Block One. “An important strategic initiative moving forward is our selective participation in attractive pre-sale ICO offerings. I am very optimistic about the transactions we have in our pipeline.”
TG12 Ventures Inc.: Cryptocurrency Mining
Block One has acquired 90% of TG12 Ventures Inc. (“TG12”), a cryptocurrency mining company that is in the process of bringing online a diversified cryptocurrency mining operation in the Mid-Western United States. TG12 will be implementing two types of miners: Bitmain’s S9 Antminers and Canaan’s Avalon 821s. TG12 has received the first shipment of miners and expects that 1,000 miners will be operational by the end of March 2018.
Finzat Block LLC: A Blockchain Solution for the US Mortgage Industry
Block One has acquired 40% of Finzat Block LLC (“Finzat”), a New York based mortgage blockchain company aiming to streamline and digitize the US mortgage market using innovative blockchain applications to create a system which is Simple, Auditable, Fault-tolerant and Efficient (SAFE).
Finzat has named Michael W. Moore as the company’s Chairman. Mr. Moore is a recognized leader in mortgage finance and investment and risk management. During his 15 years as the senior-most financial executive with the Chicago Federal Home Loan Bank, he was the co-developer of Mortgage Partnership Finance (MPF), a mortgage origination platform whereby Federal Home Loan Bank (“FHLB”) members participate in a unique risk sharing arrangement with their respective FHLB optimizing benefits for both parties. Mr. Moore, in this new role as Executive Chairman, is spearheading Finzat’s Government Sponsored Enterprise (GSE) product development dialogue, which is a natural progression in validating Finzat’s token use case.
CUIPO: A Social Initiative for Rainforest Preservation
Block One acquired up to 40% of OMAAT LTD. dba CUIPO, a London UK based technology business harnessing the power of blockchain to digitize and democratize the purchase and preservation of natural land assets.
CUIPO specializes in developing technologies and infrastructure to save and protect endangered lands by the gamification of online conservation efforts, achieved by using a patented virtual grid system and tokenization method, one square meter at a time. CUIPO’s revenue streams will be: product licensing, educational gift card products, global event and festival sponsorship opportunities and creation and management of (CSR) Corporate Social Responsibility services for medium to large enterprises.
Dance for 1 Meter (“D41M”), a rainforest preservation initiative launched by CUIPO has been featured on the front pages of Forbes.com, Huffington Post and over 20 global publications and platforms. D41M launched in 2017 with incredible success scoring two major deals with the largest electronic music event promoters in New York and Ibiza, Spain. Fully supported by many of the world’s celebrity DJ’s and artists and with over 2000 events planned for 2018/2019, D41M aims to become the largest environmental initiative in dance music history.
For more information on Block One please visit the Company’s website at: www.blockonecap.com.
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FOR ADDITIONAL INFORMATION CONTACT:
Block One Capital Inc.
Office: 760-989-2202; email: firstname.lastname@example.org