Cloud Nine Web3 Technologies Provides Corporate Update
June 23 2021 - 8:15AM
Cloud Nine Web3 Technologies Inc. (“Cloud Nine'' or the “Company”)
(CSE: CNI) (OTC: CLGUF) (FSE: 1JI0) is pleased to provide a
corporate update on a record year to date.
Cloud Nine is a technology company focused on
leveraging Web 3.0 to power a future where decentralized users and
machines are able to interact with data, value and other
counterparties via a substrate of peer-to-peer networks without the
need for third parties.
“This past quarter has seen tremendous growth
for our Company. We signed key partnerships, made certain strategic
acquisitions and added key executive members and leaders to the
Cloud Nine team. Our Company’s healthy cash position has given us
the strong footing to look for new accretive opportunities for
growth. Our impressive new advisory board has already opened doors
and provided the executive team with unprecedented guidance, vision
and leadership in a very short time span,” said Cloud Nine
President, Sefton Fincham.
The Company’s proprietary ecosystem
includes:
- Next
Decentrum - EdTech Platform is designed to provide users
with easy and simple guides to: Cybersecurity, Wearable
Technologies, Blockchain Technology, Crypto Currencies,
Decentralized Finance (DeFi).
- Limitless
Network (VPN Miner) - The Limitless platform gives the
consumer plug & play opportunities to mine favourite
cryptocurrencies which are then immediately stored in the consumers
in-app digital wallet.
- Digital
Wallet for Desktop & Mobile - Crypto credit card
paired with user friendly cryptocurrency banking services on
desktop, mobile and hardware wallets.
-
Decentralized Storage Application (“the AirBnB of
Storage”) - takes the planet’s most under-utilized
computer resources and provides the most secure and affordable
database in the world.
The Company is pleased to provide the following
updates from January 1, 2021 to June 30, 2021:
January - February 2021
Feb 9 |
- |
Cloud Nine
Announces New CFO and Adds New Board Member |
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Feb 16 |
- |
Cloud Nine Signs LOI to Acquire Cryptocurrency & Blockchain
Assets |
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March 2021 |
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March 3 |
- |
Cloud Nine Targets Ed-Tech Development; Engages Bluzelle for
Specialized Program Development of Its Existing Platform
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March 5 |
- |
Cloud Nine Announces Unveiling of Proprietary Education Tech
Platform |
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March 8 |
- |
Cloud Nine Adds Web3 Tech Entrepreneur, Pavel Bains, CEO of
Bluzelle, as Strategic Advisor |
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March 16 |
- |
Cloud Nine Closes Acquisition of Limitless VPN Platform |
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March 19 |
- |
Cloud Nine Adds Entrepreneur Sefton Fincham as President |
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March 25 |
- |
Next Decentrum, Powered by Cloud Nine, Releases NFT Guide to
Help Unlock The Global Collectibles Market |
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March 30 |
- |
Cloud Nine Adds Hussein Hallak to the Strategic Advisory
Board |
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April 2021 |
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April 1 |
- |
Cloud Nine Commenced Trading on the Frankfurt Stock
Exchange |
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April 20 |
- |
Cloud
Nine Announces Strategic Partnership to Launch NFT Products and
Managed Services |
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May 2021 |
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May 11 |
- |
Cloud
Nine Adds eBay Managing Director & WePay Korea CEO as Strategic
Advisors |
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May 18 |
- |
Cloud Nine Strengthens Advisory Board with the Addition of
former Executive of PayPal Asia & CEO of GLOCONTECH |
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June 2021 |
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June 16 |
- |
Cloud Nine Appoints Former CEO of DMG Blockchain Solutions (TSXV:
DMGI), Dan Reitzik, as Special Advisor to the Board of
Directors |
Strategic Additions To The
Team
In the past quarter, the Company launched a
strategic initiative to bring on the very best leaders to its
Board, Strategic Advisory Council and Executive Team. Key additions
include:
- Sefton Fincham, Look To The Sky Films and
Thirty Six Financial Group founder and raised over $100M for
numerous small cap companies, as Company President
- Nilda Rivera, formerly Aurora Cannabis VP
& Corporate Secretary, as Cloud Nine CFO & Corporate
Secretary
- Kant Trivedi, co-founder and director of
Blockfusion Technologies Inc., formerly COO and managing partner at
Greenwich Associates and formerly senior director at Rogers
Communications, as Director
- Dan Reitzik,
formerly CEO and founder of DMG Blockchain Solutions (TSXV: DMGI),
as Strategic Advisor
- Richard Oh, former
executive at PayPal Asia, as Strategic Advisor
- Eric Sim, CEO of
Glocontech, as Strategic Advisor
- Shin-Young Park,
CEO of WePay Korea, and a Payment Development Specialist, as
Strategic Advisor
- Pavel Bains, CEO
& co-founder of Bluzelle Networks, writer and contributor to
Forbes, Venture Beat and Fast Company, as Strategic Advisor
- Hussein Hallak,
developer of over 20 startups and launched first and largest
marketplace for Middle Eastern Art, as Strategic Advisor
“Cloud Nine is poised for growth, future
strategic initiatives and partnerships as we head into Q3 and the
remainder of 2021,” said Sefton Fincham. “The outstanding
acquisitions and additions to our team, our Board and Advisory
Board along with having raised over $5.5 Million is positioning our
Company for increased market share and sales growth moving
forward.”
As part of the Company’s continuing efforts to
identify additional product areas with high growth potentials and
to open up new lines of business, Cloud Nine‘s senior management is
in advanced discussions with its strategic advisors evaluating the
opportunity to join the world‘s leading Bitcoin mining
associations, including but not limited to the Bitcoin Mining
Council (www.bitcoinminingcouncil.com), the Crypto Climate Accord
(www.cryptoclimate.org) and the Sustainable Bitcoin Standard
(www.sustainablebitcoinstandard.org).
On Behalf of the Board,CLOUD NINE WEB3
TECHNOLOGIES INC.
Sefton FinchamPresident
About Cloud Nine Web3 Technologies
Inc.Cloud Nine Web3 Technologies is a technology company
focused on incorporating emerging technologies into its current
platforms leveraging Web 3.0. Cloud Nine’s mission is to fuel
innovation and make the future more accessible by powering the
launch and growth of future tech companies. Web 3.0 enables a
future where decentralized users and machines are able to interact
with data, value and other counterparties via a substrate of
peer-to-peer networks without the need for third parties.
For further information, please contact:Paul
SearleCorporate CommunicationsCitygate Capital CorpPhone: (778)
240-7724psearle@citygatecap.com
Neither the Exchange nor its regulation services
provider accepts responsibility for the adequacy of accuracy of
this release. No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information
contain herein.
Disclaimer for Forward-Looking
InformationCertain statements in this press release are
forward-looking statements and are prospective in nature.
Forward-looking statements are not based on historical facts, but
rather on current expectations and projections about future events,
and are therefore subject to risks and uncertainties which could
cause actual results to differ materially from the future results
expressed or implied by the forward-looking statements. These
statements generally can be identified by the use of
forward-looking words such as “may”, “should”, “will”, “could”,
“intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or
“continue”, or the negative thereof or similar variations.
Forward-looking statements in this news release include statements
regarding: the Company’s ability to successfully launch products
and expand partnerships; its pursuit of emerging technology
products; support its pursuit of Web3 opportunities on a global
scale; and the ability of the Strategic Advisors to use their
experience to positively impact Cloud Nine’s business; the
Company’s ability to identify additional product areas, open up new
lines of business, commercialize the Company's latest technology
products, build significant strategic distribution relationships
and establish the Company as the leader in blockchain technology
and decentralized finance; the potential of the Company’s
technology and operations; growth of the global digital payment
market; the Company’s ability to capitalize on any growing demand
for payment solutions; the Company’s ability to expand
partnerships; the Company’s pursuit of emerging technology products
and Web3 opportunities on a global scale; and the ability of the
advisor to use his experience to positively impact the Company’s
business including development of Cloud Nine’s Limitless assets.
Factors that could cause actual results to differ materially from
those in forward-looking statements include, failure to obtain
regulatory approval, the continued availability of capital and
financing, failure to obtain any permits and licenses required to
operate the business, the impact of technology changes on the
industry, the impact of Covid-19 or other viruses and diseases on
the Company's ability to operate and hire personnel, competition,
security threats, consumer sentiment towards the Company's products
and services, and blockchain and DeFi technology generally, failure
to develop new and innovative products, litigation, increase in
operating costs, increase in labor costs, failure of counterparties
to perform their contractual obligations, government regulations,
loss of key employees and consultants, and general economic, market
or business conditions. Such forward-looking statements should
therefore be construed in light of such factors, and, except as
required by applicable law, the Company is not under any
obligation, and expressly disclaims any intention or obligation, to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise
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