Co-founder of Inter-Mix Media and The Software Toolworks
Brings Expertise in Building Emerging Growth Technology
Companies
Los Angeles, CA -- December 13, 2017 -- InvestorsHub NewsWire
-- PetroBLOQ, LLC, a collaboration formed by Petroteq
Energy Inc. with First Bitcoin Capital Corp, (“Petroteq
Energy” or “Company”) (TSX VENTURE: PQE; OTCQX: PQEFF; FRANKFURT:
A2DYWC) announces that it has appointed Joseph Abrams to
its Board of Advisors.
Mr. Abrams co-founded Inter-Mix Media Inc., launching an
entertainment destination portal with annual revenues of over $100
million. Intermix’s MySpace was sold to NewsCorp in 2005 for $580
million. He also co-founded The Software Toolworks Inc., a software
development company where he was responsible for all operational
functions in its growth from start-up to $50 million in revenue.
Mr. Abrams directed over 10 M&A transactions and negotiated and
raised two secondary offerings for over $100 million, opening
offices and joint ventures in Europe, Asia, Southeast Asia,
Australia and South America. This ultimately led to the company’s
acquisition in 1994 by Pearson, PLC for $462 million.
Mr. Abrams was a seed investor and advisor to ZAGG, a mobile
accessory company for whom he co-engineered a public offering and
whose market capitalization increased from $13 million to $300
million during his tenure as an advisor. Mr. Abrams has sat on the
corporate boards of a diverse range of public and private companies
and has extensive experience in strategic planning, capital
structure, public market launches and research. He specializes in
emerging growth companies in several areas including: technology,
drug discovery technology services, consumer products, big data and
online job placement. Mr. Abrams was an Adjunct Graduate Faculty
Member and Professor of Accounting, Finance and Statistics, MBA
Program, at Central State University. He is a member of the Simon
School Executive Advisory Committee and the William E. Simon
Graduate School of Business, University of Rochester.
“We are delighted to have Joe Abrams as a member of PetroBLOQ’s
Board of Advisors,” said Alex Blyumkin, CEO of Petroteq Energy. “He
has built many successful emerging technology companies and
creating tremendous value for investors, and we expect his
contributions will be critical to PetroBLOQ as we seek to
revolutionize the oil and gas industry through technology.”
“I have witnessed firsthand the power of technology to transform
industries,” said Mr. Abrams. “I believe Blockchain is going to
change the way so many industries, businesses and consumers
transact and interact, and I am excited to be sharing my
experiences and lessons, and working with the innovative people
behind PetroBLOQ.”
About PetroBLOQ
PetroBLOQ is a collaboration formed by Petroteq Energy, Inc.
(TSX VENTURE: PQE; OTCQX: PQEFF; FRANKFURT: A2DYWC)
and First Bitcoin Capital Corp. (OTC: BITCF) to co-develop the
first supply chain management platform based on advanced blockchain
technology for the global transaction needs of the oil and gas
industry.
About Petroteq Energy, Inc.
Petroteq Energy is engaged in the development and implementation
of its proprietary environmentally friendly heavy oil processing
and extraction technologies. Our proprietary process produces zero
greenhouse gas, zero waste and requires no high temperatures.
Petroteq is currently focused on developing its oil sands resources
and expanding production capacity at its Facility at Asphalt Ridge,
Utah. The Company also (i) owns a minority stake in an exploration
and production play located in southwest Texas held by Accord GR
Energy Inc., (ii) has a joint venture with Recruiter.com and
Oilprice.com that provides internet based job placement and career
services to the increasingly skilled and specialized energy sector,
and (iii) is developing an advanced blockchain solution for the
energy industry, in a project called PetroBLOQ, with a goal of
optimizing petrochemical industry workflow processes.
About First Bitcoin Capital Corp.
First Bitcoin Capital is engaged in developing digital
currencies, proprietary blockchain technologies, and a digital
currency exchange -- www.CoinQX.com (in beta).
First Bitcoin Capital was the first publicly-traded cryptocurrency
and blockchain-centered company. For more information
visit www.BitcoinCapitalCorp.com.
For more about Petroteq Energy Inc.
visit: www.petroteq.energy.
For more on Petrobloq
visit: www.petrobloq.com.
Forward-Looking Statements
Certain statements contained in this news release contain
forward-looking statements within the meaning of the U.S. and
Canadian securities laws. Words such as “may”, “would”, “could”,
“should”, “potential”, “will”, “seek”, “intend”, “plan”,
“anticipate”, “believe”, “estimate”, “expect” and similar
expressions as they relate to PetroBLOQ, are intended to identify
forward-looking information, including statements regarding
the expected contribution of Joseph Abrams, our plans to
revolutionize the oil and gas industry through technology, the
expected impact of blockchain technology on the way industries,
businesses and consumers transact and interact, our plans to
develop the first supply chain management platform based on
advanced blockchain technology for the global transaction needs of
the oil and gas industry. All statements other than statements of
historical fact may be forward-looking information. Such statements
reflect PetroBLOQ’s current views and intentions with respect to
future events, based on information available to PetroBLOQ, and are
subject to certain risks, uncertainties and assumptions. While
forward-looking statements are based on data, assumptions and
analyses that PetroBLOQ believes are reasonable under the
circumstances, whether actual results, performance or developments
will meet PetroBLOQs expectations and predictions depend on a
number of risks and uncertainties many of which are difficult to
predict that could cause the actual results, performance and
financial condition of PetroBLOQ to differ materially from its
expectations.
Certain of the "risk factors" that could cause actual results to
differ materially from PetroBLOQ's forward-looking statements in
this press release include, without limitation: the contribution of
Joseph Abrams, our ability to revolutionize the oil and gas
industry through technology, the future impact of blockchain
technology on the way industries, businesses and consumers transact
and interact, our ability to develop the first supply chain
management platform based on advanced blockchain technology for the
global transaction needs of the oil and gas industry.; changes in
laws or regulations; the ability to implement business strategies
or to pursue business opportunities, whether for economic or other
reasons; status of the world oil markets, oil prices and price
volatility; and oil pricing; state of capital markets and ability
by PetroBLOQ to raise capital; litigation; potential failure of
PetroBLOQ’s or Petroteq’s business plans or model; ; unanticipated
costs and expenses, availability of financing and other capital;
uninsurable or uninsured risks; potential conflicts of interest of
officers and directors; and other general economic, market and
business conditions and factors, including the risk factors
discussed or referred to in Petroteq’s annual Management's
Discussion and Analysis for the year ending August 31, 2016, filed
with the securities regulatory authorities in certain provinces of
Canada and available at www.sedar.com.
Should any factor affect PetroBLOQ in an unexpected manner, or
should assumptions underlying the forward-looking information prove
incorrect, the actual results or events may differ materially from
the results or events predicted. Any such forward-looking
information is expressly qualified in its entirety by this
cautionary statement. Moreover, PetroBLOQ does not assume
responsibility for the accuracy or completeness of such
forward-looking information. The forward-looking information
included in this press release is made as of the date of this press
release and PetroBLOQ undertakes no obligation to publicly update
or revise any forward-looking information, other than as required
by applicable law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
The securities referred to in this news release have not been,
nor will they be, registered under the United States Securities Act
of 1933, as amended, and may not be offered or sold within the
United States or to, or for the account or benefit of, U.S. persons
absent U.S. registration or an applicable exemption from the U.S.
registration requirements. This news release does not constitute an
offer for sale of securities, nor a solicitation for offers to buy
any securities. Any public offering of securities in the United
States must be made by means of a prospectus containing detailed
information about the company and management, as well as financial
statements.
Petroteq Energy Inc.Alex Blyumkin Chief Executive Officer Tel: (800) 979-1897
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