TORONTO, April 23, 2019 (GLOBE NEWSWIRE) -- Graph Blockchain Inc. ("Graph" or "Company") (CSE: GBLC) is pleased to announce that the Company has completed building a blockchain solution for the agriculture and cannabis industry focusing on the cultivation environment. In addition to this development, the Company entered into a Memorandum of Understanding (“MOU”) with Ezfarm Inc. (“Ezfarm”) to utilize the Company’s Blockchain solutions for the collection and processing of data from the agricultural field.

“We have previously stated that we see a fantastic opportunity for blockchain technology and specifically Graph’s technology to improve the safety, efficiency and transparency in the global food industry. Being chosen by Ezfarm as partner in providing blockchain solutions for their agricultural clients further demonstrates that we are on the correct path. This represents our second food related opportunity following an MOU with a large Korean Conglomerate, LOTTE Data Communications, that was entered into through our largest shareholder Datametrex AI Limited (TSXV:DM). In this case, Graph will assist in developing a blockchain based solution for the importation of Canadian beef,” says Jeff Stevens, CEO of the Company.

About Ezfarm Inc.

Ezfarm is a Bigdata solution business founded in 2000 to lead agricultural development. Ezfarm provides field-oriented solutions that enable farmers, markets, and consumers to utilize data instantly in the changing agricultural environment with the rapid development of IT technology. Farmers are able to directly experience productivity improvement by actively adopting IT technology. Ezfarm key business areas include: Software Solutions, IT Services, R&D and E-Commerce. Some of their existing professional partners include; AgroVision, Hortonworks, Teshuva Agricultural Projects and Sound Talks

Additional information on the company is available at: www.ezfarm.co.kr

About Graph Blockchain Inc.

The Company develops leading-edge private blockchain business intelligence and data management solutions and is a pure play in the graph database technology space. Graph leverages its proprietary integration of the AgensGraph Database engine with IBM’s Hyperledger Fabric to create a transparent and immutable ledger with near real-time transactional data processing and intuitive data visualization. The Company has secured multiple prototype development contracts with multi-national conglomerates and sells across client subsidiaries as a full enterprise product.

Additional Information on the Company is available at: www.graphblockchain.com

For further information, please contact:

Jeffrey Stevens – CEO
Phone:   (647) 400-8494
Email:    jstevens@graphblockchain.com

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements. Such statements may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained herein, including the timing of the Closing, the terms of the Transaction and the receipt of regulatory approval, are made as of the date of this press release and are based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking statements are made.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

TORONTO, April 11, 2019 (GLOBE NEWSWIRE) -- Graph Blockchain Inc. ("Graph" or "Company") (CSE: GBLC) is pleased to provide further insight into the planned acquisition of BlockChain Innovations Corp. ("BCI" or the "Company"), an international blockchain technology supplier serving the regulated gaming industry, and The Games Company Ltd. ("TGC"), a popular provider of online casino games that is licensed by the United Kingdom Gambling Commission and Alderney Gambling Control Commission.

TGC's games are available across Tier 1 online casino operators and government lotteries, including William Hill, Bet Victor, and Loto Quebec. TGC's products, including Hippie Chicks, Cash Cowboy, and Lucky 8 Keno, are available in 30+ languages, featuring a freespin promotion engine and, most importantly, offer multi-currency wagering including cryptocurrencies.

TGC’s games are available in Canada, the UK, and markets served from Gibraltar with several launches scheduled in Malta in the first half of 2019. Leveraging BCI's blockchain technology, TGC products will become fair-enabled, allowing players to independently ensure and verify game fairness. Integrating BCI's technology with TGC's casino content will allow us to showcase other examples of blockchain applications in the casino content vertical. By adding TGC's suite of casino content to BCI's sportsbook, platform, and payments solution, it further establishes BCI as a full-product suite B2B gaming platform supplier with all the advantages of running on blockchain technology.

BCI has developed a fully-functional cryptocurrency wallet for users to manage and exchange multiple cryptocurrencies for smart-contract. BCI has provably instant confirmation of transactions, or bets integrated within its technology. The wallet communicates to any existing operator's PAM via an API and, in addition to standard transaction accounting and reporting, operators may permit wagering between players using pay-as-you-go cryptocurrency where no money is on deposit as well as players with fiat currency on deposit, in their existing operator account.

Once activated, users with popular cryptocurrencies such as Bitcoin and Ethereum may then exchange those coins for PebbleCoin and begin placing smart-contract wagers. PebbleCoin, the gaming-by-design crypto-currency BCI’s technology utilizes, is one of the first cryptocurrencies to use smart contracts and trade them as freely as coins.

BCI has provably instant confirmation of transactions, or bets integrated within its technology and its cryptocurrency PebbleCoin. The confirmation time for Bitcoin is 1 hour and Ethereum is 180 seconds. The implication of that 180 seconds to 1 hour is that live wagering environments are not possible with Bitcoin or Ethereum since there is an ability for one side to “roll-back” the transaction on the blockchain. If this were the case, users could cancel bets when the line prices move against their position – that’s not feasible in a betting market.

BCI and TGC Management Profiles

Matt Stafford has 10 years of experience in the gaming industry in various legal and compliance roles including overseeing the entire commercial and compliance functions as Assistant General Counsel for Aruze Gaming America, Inc. a leading land-based slot manufacturer. Matt entered igaming in 2014 as General Counsel for NYX Gaming Group Ltd., where he helped lead its IPO and raise nearly $800 million CAD before completing NYX’s 2016 acquisition of Openbet Technology Ltd. - the largest B2B sportsbook software provider in the world. Most recently, Matt served as Senior Counsel, Interactive for Scientific Games Corporation, which acquired NYX Gaming Group in January 2018 for approximately $660 million USD.

David Wang has over 15 years of executive experience in Gaming and over four years of experience with blockchain technologies.  Mr. Wang is a former executive at various gaming companies including Wynn Resorts, MGM Resorts, and SEGA.  He is a successful entrepreneur and previously served as CEO and Co-founder of Chipleaders, which was acquired by PartyPoker. He holds an MBA from the Kellogg School of Management (Northwestern University)

Morris Mosseri has over 30 years of experience in technology, with over five years of experience in building blockchain technologies having founded a successful crypto mining business.  He is the original architect and lead developer of BCI’s PebbleCoin cryptocurrency.  Previous to that, Mr. Mosseri created a profitable sports betting arbitrage network integrated with over 80 operators.  He also developed and operated one of the largest poker bot operations worldwide.  Formerly, Mr. Mosseri was a quantitative futures trader at New York-based hedge fund Schonfeld Securities.

Jeff Stevens, CEO of Graph Blockchain commented, "BCI's technology has been developed since 2016 and augments wagering functionality for gaming companies across all sectors of the industry from sportsbooks and exchanges to e-sports, daily fantasy and lotteries. This technology as well as the games content from TGC positions Graph well in the gaming sector in a number of areas."

About Graph Blockchain Inc.

The Company develops leading-edge private blockchain business intelligence and data management solutions and is a pure play in the graph database technology space. Graph leverages its proprietary integration of the AgensGraph Database engine with IBM’s Hyperledger Fabric to create a transparent and immutable ledger with near real-time transactional data processing and intuitive data visualization. The Company has secured multiple prototype development contracts with multi-national conglomerates and sells across client subsidiaries as a full enterprise product.

Additional Information on the Company is available at: www.graphblockchain.com

For further information, please contact:

Jeffrey Stevens – CEO
Phone:   (647) 400-8494
Email:    jstevens@graphblockchain.com

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements. Such statements may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained herein, including the timing of the Closing, the terms of the Transaction and the receipt of regulatory approval, are made as of the date of this press release and are based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking statements are made.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

TORONTO, April 08, 2019 (GLOBE NEWSWIRE) -- Graph Blockchain Inc. ("Graph" or "Company") (CSE: GBLC) is pleased to announce that it has entered into a binding letter of intent (the "LOI") in connection with the acquisition (the "Transaction") of all of the issued and outstanding common shares (the "Shares") in the capital of Blockchain Innovations Corp. ("BIC") and its wholly-owned subsidiary The Games Company Ltd. ("TGC").

Jeff Stevens, CEO of Graph commented, "This acquisition is highly strategic and instrumental for the Company as it provides us with a leading gaming technology platform and represents the first step in our expansion plans in the high-growth gaming sector. Blockchain technologies is still in their infancy and have the potential to disrupt the gaming sector by introducing a new paradigm of how the games are monetized and distributed to consumers. We look forward to working with BIC and TGC teams in building our global footprint."

About the Transaction

BIC is a leading international supplier of revolutionary blockchain technology for the sports, casino and payments industries. BIC designs and develops market ready blockchain technology for public and private real-money wagering and peer-to-peer gaming companies across the globe. BIC offers platform, payments and sportsbook solutions along with leading casino content run on its proprietary blockchain technology for a fair gaming and a frictionless environment with deposit-less wagering, instant confirmations and instant deposits for winning bets.

TGC is an online casino game studio with a suite of 18 games and 10 integrations. TGC designs and builds casino games in 30+ languages and accepts multiple currencies including Crypto. Current operators and platforms using TGC include: Draft Kings, LOTO Quebec, William Hill Online, OpenBet, BETVICTOR, Bede Gaming, Video Slots, SG Digital and iSOFTBET. TGC is headquartered in London, UK and has offices in Ireland and Portugal. TGC’s platform allows TGC to supply in-house content and content from 3rd party suppliers, quickly and timely onto a growing number of operators.

According to the Global Games Market Report, more than 2.3 billion enthusiasts will have spent an estimated $137 billion on games in 2018, which represents an unprecedented increase of $16.2 billion from the previous year1. Graph's channel partnerships and relationships with high profile clients will be invaluable in the expansion in the gaming sector. In addition, joining forces with BIC will allow Graph to leverage the back-end infrastructure that both companies have built in developing and rolling-out new technology solutions for this marketplace.

_______________
1 https://newzoo.com/solutions/standard/market-forecasts/global-games-market-report/

Terms of the Transaction

Pursuant to the terms of the LOI, the Company will acquire the Shares by way of a three-cornered amalgamation for an aggregate purchase price of CAD $3,000,000 (the "Purchase Price") to be paid in common shares in the capital of the Company ("Graph Shares") at a deemed issue price equal to the greater of (a) $0.05; (b) the 10-day volume weighted average trading price ("VWAP") of GBLC's common shares on the Canadian Securities Exchange (“CSE"). In addition, Graph will issue 10 million common share purchase warrants exercisable into Graph Shares for a period of 24 months from the closing date at a price of $0.10 per Graph Share, subject to the acceleration provision. The closing payment of CAD $3,000,000 shall be reduced by the amount of any and all debts held by BIC and its subsidiaries at the time of closing the Transaction.

In addition to the Purchase Price, shareholders of BIC will be eligible to receive a pro-rata share of certain earn-out bonus payments ("BP") in two tranches based upon their proportionate shareholdings of BIC with minimum milestone achievement of 50%. The first tranche of the BP (the "First BP") shall be payable on the first anniversary of the Closing Date (as defined herein) of the Transaction and calculated as follows:

If revenue generated from BIC and its subsidiaries taken as a whole (the "Business") is CAD $1.38 million or greater during the period from January 1, 2019 to December 31, 2019 (the "First BP Period"), Graph shall pay issue to shareholders of BIC an additional CAD $3,000,000 in Graph Shares at a deemed issue price equal to the greater of (a) $0.05; (b) the 10-day VWAP of Graph's common shares on the CSE; and
 
If revenue generated from the Business is less than $1.38 million, but is higher than $0.69 million during the First BP Period, Graph shall issue to shareholders of BIC an additional amount equal to $3,000,000 multiplied by a fraction, the numerator of which is the actual revenue generated from the assets during the First BP Period and the denominator of which is $1.38 million. Any such payment shall be made in Graph Shares at a deemed issue price equal to the greater of (a) $0.05; (b) the 10-day volume weighted average trading price of Graph Shares on the CSE; determined on the one-year anniversary of the closing of the Transaction.
The second earn-out bonus will be determined in the similar fashion as the First BP, except that it will be based on the revenue during the period of January 1, 2020 to December 31, 2020 ("Second BP Period"). If the revenue generated from the Business during the Second BP Period exceeds CAD $4.1 million Graph will issue an additional CAD $3,000,000 in Graph Shares at a deemed issue price equal to the greater of (a) $0.05; (b) the 10-day VWAP of Graph Shares on the CSE.

If revenue generated from the Business is less than CAD $4.1 million, but is higher than $2.07 million during the Second BP Period, Graph shall issue to shareholder of BIC an amount equal to $3,000,000 multiplied by a fraction, the numerator of which is the actual revenue generated from the Business during the Second BP Period and the denominator of which is $4.1 million. Any such payment shall be made in Graph Shares at a deemed issue price equal to the greater of (a) $0.05; (b) the 10-day VWAP of Graph Shares on the CSE.

Pursuant to the terms of the LOI, Graph has provided a secured loan to BIC in the principal amount of CAD$133,000 (the "Loan"), which has been advanced on execution of the LOI. The Loan bears interest at an annual rate of 10% and will be due and payable on the 90th day following the execution of the LOI.

It is anticipated that the Transaction will close on or before May 31, 2019 (the "Closing Date") and is subject to the Company and BIC entering into a definitive agreement, receipt of regulatory approval, the approval of the shareholders of BIC and customary closing conditions.

About Graph Blockchain Inc.

The Company develops leading-edge private blockchain business intelligence and data management solutions and is a pure play in the graph database technology space. Graph leverages its proprietary integration of the AgensGraph Database engine with IBM’s Hyperledger Fabric to create a transparent and immutable ledger with near real-time transactional data processing and intuitive data visualization. The Company has secured multiple prototype development contracts with multi-national conglomerates and sells across client subsidiaries as a full enterprise product.

Additional Information on the Company is available at: www.graphblockchain.com

For further information, please contact:

Jeffrey Stevens – CEO
Phone: (647) 400-8494
Email: jstevens@graphblockchain.com

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements. Such statements may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained herein, including the timing of the Closing, the terms of the Transaction and the receipt of regulatory approval, are made as of the date of this press release and are based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking statements are made.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

This is the second most frequently asked question of Graph Blockchain

2.       Why are your clients mostly in Asia?  

Graph Blockchain has told us that whenever they are doing corporate presentations at financial events and roadshows they get two questions asked almost every time. It is for this reason that we will ask the same two questions so that the group, can see and also get the answers from Mr. Stevens and Graph Blockchain here: 

1.       What is the difference between Public and Private Blockchain?

TORONTO, March 28, 2019 /CNW/ - Graph Blockchain Inc. ("Graph" or "Company") (CSE: GBLC) is pleased to announce the results of the Company's third quarter, ending January 31, 2019.

The results for the third quarter represent the Company's first consolidated operational results subsequent to the reverse-takeover ("RTO") transaction completed on November 6, 2018.

For the nine months period ended January 31, 2019, the Company had revenues of $1,147,288 from operations, and loss of $6,368,121 which includes non-cash cost of $1,161,733 and Reverse Takeover ("RTO") related cost of $2,741,802. For the period, the Company's EBITDA was ($6,367,102) with Adjusted EBITDA of ($2,492,967). The Company had working capital of $1,274,248 as at January 31, 2019.

The filings, along with additional information regarding the Company, are available on SEDAR at www.sedar.com.

Graph Blockchain Milestones:

• Successfully completed a RTO to list on the CSE November 6, 2018;


• Partnered with Datametrex AI Limited, and signed a non-binding LOI with LOTTE to build a Private Blockchain solution for the importation of Canadian Beef. The signing ceremony took place at the Canadian Embassy in Seoul, South Korea;


• Through our continued sales relationship with IBM, Graph Blockchain secured a second contract with Samsung for approximately $1,000,000. The first contract was for approximately $300,000 for a prototype and this second contract was to build out the solution;


• Appointed a new management team with Andrew Ryu as Chairman and Jeffrey Stevens as CEO; and


• Continue to work with the Korean Trade Organization (KTNET) for the automation of electronic trade in Korea. Graph Blockchain signed a MOU with KTNET in August of 2018, since then, our team has been negotiating with KTNET on structuring the definitive agreement.

 

"We are very pleased with what we have achieved to date. We have met key milestones that include the Reverse Take-Over transaction (the "RTO"), completing prototypes to various global companies, obtaining two (2) patents and six (6) patents pending, signing MOU with "Lotte" to build blockchain systems for food chain supply management and securing our first solution agreement with Samsung Electronics through IBM and a distribution partner. We are now in position to reap the benefits of the investments we have made, drive top and bottom-line growth and leverage the synergies that we are seeing across the company." says Jeff Stevens, CEO of Graph Blockchain.

About Graph Blockchain Inc.

The Company develops leading-edge private blockchain business intelligence and data management solutions and is a pure play in the graph database technology space. Graph leverages its proprietary integration of the AgensGraph Database engine with IBM's Hyperledger Fabric to create a transparent and immutable ledger with near real-time transactional data processing and intuitive data visualization. The Company has secured multiple prototype development contracts with multi-national conglomerates and sells across client subsidiaries as a full enterprise product.

Additional Information on the Company is available at: www.graphblockchain.com.

To keep updated with all news, corporate information and direct dialogue with Management join our Investor group on 8020 Connect here: http://bit.ly/8020Graph.

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements. Such statements may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained herein are made as of the date of this press release and are based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking statements are made.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

SOURCE Graph Blockchain Inc.

View original content: http://www.newswire.ca/en/releases/archive/March2019/28/c7653.html

Jeffrey Stevens - CEO, Phone: (647) 400-8494, Email: jstevens@graphblockchain.com