Block One to Acquire up to 40% of London, UK Based Rainforest Protection Fintech Company
18 Janvier 2018 - 9:05AM
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
Block One Capital Inc. (TSXV:BLOK) (Frankfurt:ES3) (the
“
Company” or “
Block One”) is
pleased to announce that it has entered into a binding term sheet
to acquire up to 40% of London, UK based OMMAT LTD.
(“
OMAAT”). OMMAT is a blockchain based,
patented fintech solution aimed at democratizing the purchase and
protection of natural capital such as rainforests. OMMAT has
previously been featured in Forbes magazine: http://bit.ly/2DbBW5B
Pursuant to the Term Sheet, the Company is to
invest US$500,000 into the operations of OMAAT. Block
One and OMAAT intend to enter into a definitive agreement to
set out the terms and conditions of the acquisition. In
the even that no definitive agreement is executed,
the binding Term Sheet will act as the definitive agreement.
Additionally, the Company has a right of first refusal (ROFR) on
future equity sales of OMMAT. “One Meter at a Time” OMAAT
LTD.
Through a combination of Blockchain based
patented ecommerce technology, natural capital land acquisition,
and tokenizing one square meter of land at a time; OMAAT will
democratize the purchase and protection of natural capital by
creating an open and transparent global commonwealth of land asset
owners.
The OMAAT’s business model is to help preserve
the Rainforest utilizing a large natural land reserve.
OMMAT’s consumer-focused resale initiative will use online
ecommerce sales and corporate (CSR) ‘Corporate Social
Responsibility’ programs, in addition to product licensing
opportunities. The initial target is to scale OMAAT through its
registered brands ‘Cuipo’ ‘D41M’ and ‘CuipoCoin’ to protect 1
billion square meters of Rainforest. OMMAT’s goal is to preserve
the large Rainforests of Central and South America, which are
critical for climate mitigation and biosphere regeneration.
The Cuipo Rainforest Reserves in Central and
South America represent some of the most diverse and critically
endangered rainforests and biospheres in the world. OMAAT’s
registered brand Cuipo
(https://cuipo.org) previously
featured on CNBC, is based in London and is set to join one of the
most-high profile and successful start-up accelerator and
technology communities of all time: RocketSpace. RocketSpace has
nurtured from start-up to acquisition 18 Unicorns including
Spotify, Uber, Hootsuite and over 1000 other tech businesses.
OMAAT specializes in developing technologies and
infrastructure to save and protect endangered lands by the
digitisation of conservation efforts, achieved through a patented
virtual grid system and tokenization method “one square meter at a
time”. Multiple revenue streams are generated through consumer land
ownership; the launch of our proprietary cryptocurrency, product
licensing, monetization of carbon assets and offsets, 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.
One of the specific marketing initiatives OMAAT
has developed and launched is “Dance for One Meter” –
(D41M)
(http://dancefor1m.com)
a social movement and meme created by “One Meter at a Time”. It is
dedicated to combating rainforest deforestation through
partnerships with global scale festivals, nightclubs and events,
attended annually by millions of Millennials. By simply attending a
“Dance for One Meter” partnered event, for as little as $1.00
patrons automatically save one square meter of rainforest inclusive
in their ticket price. Every purchase represents 1 square meter and
the opportunity to own a CuipoCoin saved in their name and
accessible via a preferred Crypto wallet. The land ownership is
then recorded on a Blockchain ledger for transparency of the
transaction. In addition, using Satellite and Google Earth
technology, each individual can redeem and zoom into their exact
coordinates on the Cuipo Foundation Rainforest Preserve in Central
and South America. This consumer data base creates a large scale
social media opportunity, to further share our Rainforest
initiatives.
For more information on Block One please visit
the Company’s website at: www.blockonecap.com
ON BEHALF ON THE BOARD.
“David Berg”Chief Executive Officer and
Director
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT
RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS
RELEASE.
This news release contains forward-looking
statements that are based on the Company’s expectations, estimates
and projections regarding its business and the economic environment
in which it operates. Although Block One believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and involve risks and uncertainties that are
difficult to control or predict. Therefore, actual outcomes and
results may differ materially from those expressed in these
forward-looking statements and readers should not place undue
reliance on such statements. Factors that could cause actual
results to differ materially from those in forward-looking
statements include fluctuations in the price of Bitcoin, delays in
deliveries and shipments, machines operating at the capacity
expected, the price of electricity and other costs affecting
profitability, availability of capital and financing on acceptable
terms, general economic, market or business conditions, including
the general acceptability of Bitcoin and cyrptocurrency, risks
associated with regulatory changes, availability of personnel,
materials and equipment on a timely basis, accidents or equipment
breakdowns, and uninsured risks,. These forward-looking statements
speak only as of the date on which they are made, and the Company
undertakes no obligation to update them publicly to reflect new
information or the occurrence of future events or circumstances,
unless otherwise required to do so by law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release and has in no way passed
upon the merits of the qualifying transaction and has neither
approved nor disapproved of the contents of this press release.
FOR ADDITIONAL INFORMATION CONTACT: Block One
Capital Inc.Office: 760-989-2202; email:
info@blockonecap.com
GlobalBlock Digital Asse... (TSXV:BLOK)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
GlobalBlock Digital Asse... (TSXV:BLOK)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024