Breaking #Blockchain News: Spherix (NASDAQ: $SPEX) Completes Acquisition of Blockchain Media Platform, The Daily Bit
Breaking #Blockchain News: Spherix (NASDAQ: $SPEX) Completes
Acquisition of Blockchain Media Platform, The Daily Bit
Company continues to expand footprint in blockchain
and Cryptocurrency Sector
NEW YORK – March 27, 2018 - Investorideas.com, a
leader in Blockchain content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com reports on news from Spherix
Incorporated (NASDAQ: SPEX). The
Company announced today that it has completed its purchase of The Daily
Bit LLC, a
development stage media and education platform focused on the educating users
on the blockchain and cryptocurrency space. The site also provides
strategic insight and access to various cryptocurrency trading platforms.
For more information please visit www.thedailybit.news.
Additionally, The Daily Bit offers
a free custom-curated newsletter that apprises users on the latest updates and
events impacting the blockchain and cryptocurrencies sectors. The site also
publishes interviews with leaders in the industry, which keep its audience at
the forefront of this disruptive and innovative technology. Moving
forward, The Daily Bit plans on expanding its platform to include
simplified means of opening your own cryptocurrency wallet, informational
videos and access to the expanding community within the blockchain
ecosystem.
“Our investment in The Daily Bit provides our
shareholders with another opportunity to participate in the growing blockchain
and cryptocurrency space, while also being accretive to our recent DatChat
acquisition,” stated Mr. Anthony Hayes, CEO of Spherix. “As the
Company expands into the blockchain space, The Daily Bit provides users
with clear and easy to understand information about the technology and
cryptocurrencies. This investment will seek to diversify our revenue base
as we help incubate and grow a fantastic startup. This is a true win-win
situation for the Company as we are currently targeting similarly veined
acquisitions.”
Mrs. Erica Amatori, Co-Founder of The Daily Bit,
said, “The site was born out of the need to simplify blockchain for
everyone. Ever since the Bitcoin boom, people have sought to participate
in the sector’s explosive growth. We’ve believe that we have created a
centralized information hub where users can learn, interact and even invest in
this emerging marketplace.”
Additional
information about the investment is available in the Form 8K, filed by Spherix
with the Securities and Exchange Commission.
Co-Founder, Mr. Chris Hoyle, had this to say about the
future, “We remain very optimistic about the motivations of builders in the
space and the potential use cases for cryptocurrencies and blockchain. Our
mission will be to provide clarity so that the right ideas can receive the
public attention and level of understanding that they deserve.”
About Spherix
Spherix is committed to advancing innovation by active
participation in all areas of the patent market. Spherix draws on portfolios of
pioneering technology patents to partner with and support product innovation.
Spherix has acquired over 100 patents from Rockstar Consortium Inc., and
several hundred patents issued to Harris Corporation, covering a variety of
methods and components involved in switching, routing, networking, optical and
telecommunication sectors.
Forward-Looking Statements
Certain statements in this press release constitute
"forward-looking statements" within the meaning of the federal
securities laws. Words such as "may," "might,"
"will," "should," "believe," "expect,"
"anticipate," "estimate," "continue,"
"predict," "forecast," "project,"
"plan," "intend" or similar expressions, or statements
regarding intent, belief, or current expectations, are forward-looking
statements. While the Company believes these forward-looking statements are
reasonable, undue reliance should not be placed on any such forward-looking
statements, which are based on information available to us on the date of this
release. These forward looking statements are based upon current estimates and
assumptions and are subject to various risks and uncertainties, including
without limitation those set forth in the Company's filings with the SEC, not
limited to Risk Factors relating to its patent business contained therein.
Thus, actual results could be materially different. The Company expressly
disclaims any obligation to update or alter statements whether as a result of new
information, future events or otherwise, except as required by law.
Contact:
Spherix:
Phone: 212-745-1373
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2018
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