September 22, 2017 12:00 PM
Vancouver, BC – 360 Capital Financial Services Group Inc. (“360” or the “Company“) (CSE:TSZ, FWB: C5B) has held extensive discussions and conducted in depth analysis regarding its previously announced due diligence process with the national technology company, Nerds on Site Inc, a complete small and medium sized business IT solution provider across Canada. As a result of the process, 360 has advised Nerds On Site that it would be best for its business and shareholders to conduct an IPO, which will take place in the near future. Funding from this offering will allow Nerds on Site to expand into the USA.
Through the process of identifying potential investments, 360’s leadership has identified multiple opportunities with blockchain technology companies requiring capital and mentorship to either scale their proven business models or advance new developments to market.
“We believe that blockchain crypotechology, essentially a distributed ledger which is transparent and uncorruptable, has the potential to substantially change the way business is conducted. Whether it be cryptocurrencies, smart contracts, crowdfunding, data management, the internet of things or stock trading and beyond, a blockchain delivers security, cost savings and efficiency gains not seen before in the internet connected world,” said Mr. George Tsafalas, President, 360.
Subsequent to the closing of its recent private placement, the Company has approximately $1,600,000 in cash and is actively reviewing investment opportunities.