360 BLOCKCHAIN INC. ESTABLISHES 360 BLOCKCHAIN USA INC. SUBSIDIARY

November 16, 2017 6:05 AM

New subsidiary to focus on developing and investing in blockchain technologies in the USA 

VANCOUVER, BC, CANADA (NOVEMBER 16, 2017) – 360 Blockchain Inc. ("360" or the "Company") (CSE: CODE - FWB: C5B – OTC: BKLLF) has established an American subsidiary company named 360 Blockchain USA Inc. (“360 Blockchain USA”) The subsidiary will focus efforts in the United States, both in terms of investment in and development of blockchain technologies, which may include cryptocurrencies.

  • Subsidiary 360 Blockchain USA will serve as the direct arm to develop technology applications
  • 360 Blockchain USA will expedite the advancement of the Company’s leadership team
  • 360 Blockchain USA will accelerate the prospects for cryptocurrencies

 

“This step provides the Company with the capacity and flexibility to drive momentum in the United States,” said Mr. George Tsafalas, President and CEO of 360 Blockchain Inc. “We have identified expertise in the blockchain space and this new subsidiary, an important step in 360’s growth, will allow us to add to our leadership team in the near future,” added Mr. Tsafalas.

About 360 Blockchain Inc.

Our Mission:

To empower blockchain technologies with capital and experience to create exponential value.

Company Description:

360 Blockchain Inc. has an all-round view to accelerate the development and application of revolutionary blockchain technologies by investing capital and expertise. We are founded on the belief that blockchain technology, essentially a distributed ledger which is transparent and incorruptible, has the potential to transform the way business is conducted, delivering security, cost savings and efficiency gains not seen before in our internet connected world. 360 Blockchain will be focused upon identifying and empowering blockchain technologies applying to crypto-currencies, smart contracts, eSports, data management, the internet of things, equity trading, privacy applications and beyond.

For further information, please contact:

Joe Bleackley

Investor Relations

Telephone: 1 (778) 806-5150

E-mail: IR@360blockchaininc.com

Forward Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved.  A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws. 

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