TechFinancials Inc. Update on CEDEX token pre-sale event (0658I)
March 19 2018 - 2:01AM
UK Regulatory
TIDMTECH
RNS Number : 0658I
TechFinancials Inc.
19 March 2018
19 March 2018
TechFinancials, Inc.
("TechFinancials, the "Company" or the "Group")
Update on CEDEX token pre-sale event
TechFinancials is pleased to provide an update on Cedex Holdings
Ltd ("CEDEX"), a company in which it currently has a 2 per cent
interest and an option to acquire a further 90 per cent, which
would give TechFinancials up to 92 per cent of CEDEX or 87.4 per
cent on a fully diluted basis. CEDEX is a blockchain-based on-line
exchange for diamonds.
Following the notification of the CEDEX token pre-sale event,
announced on 16 March 2018, TechFinancials is pleased to announce
that the event completed successfully. Notably, CEDEX hit its
target of selling 25 million CEDEX token, at a price of 1ETH=900
CEDEX tokens.
With the completion of the pre-sale event, the main sale started
on 17 March 2018 at 10:00, and will continue to run until 17 April
2018, or until the hard cap[1] of 50M CEDEX tokens sold is
achieved.
The token sale utilises TechFinancials' proprietary technology
of crypto payment processing and crypto feed products, which
enables the crypto currency processing of Bitcoin, Ethereum and
Bitcoin cash throughout. In addition, the Company has facilitated
all other technological aspects of the token sale such as smart
contract development, website development, and back office
management.
Asaf Lahav, CEO of TechFinancials commented:
"We are excited to announce that the CEDEX pre-sale event has
completed, using TechFinancials' technology, which has been
developed over the past six months since we entered the blockchain
market. Whilst offering CEDEX our proprietary technology, we are
pleased to have been able to provide the company with a 360deg
solution in order to meet its operational needs."
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
For further information:
TechFinancials, Inc.
Asaf Lahav, Group Chief Executive
Officer
Yuval Tovias, Chief Financial www.techfinancials.com
Officer
Grant Thornton UK LLP (Nominated
Adviser)
Colin Aaronson / Samantha Harrison Tel: +44 (0) 20
7383 5100
Northland Capital Partners Limited
(Joint Broker)
David Hignell/ John Howes Tel: +44 (0) 20
3861 6625
Peterhouse Corporate Finance (Joint
Broker)
Lucy Williams / Eran Zucker Tel: +44 (0) 20
7469 0932
Media enquiries:
Yellow Jersey (Media Relations)
Charles Goodwin / Katie Bairsto Tel: +44 (0) 7748
843 871
About TechFinancials
TechFinancials, Inc (AIM: TECH) is a leading innovator and
supplier of financial trading solutions for retail clients. The
Group operates a B2B division licensing white label trading
platform solutions to online brokers. In addition, the Company
operates a B2C division operating trading platform incorporating a
strategic joint venture focusing on solutions for traders in the
Asia Pacific region.
Further information can be found at
http://techfinancials.com.
[1]'Hard cap' - the total issuance of a coin that will be
created
This information is provided by RNS
The company news service from the London Stock Exchange
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