Breaking #Blockchain News: Gopher Protocol (OTCQB: $GOPH) Enters Letter of Intent with Blockchain Technology Regulated Development Company
Breaking #Blockchain News:
Gopher Protocol (OTCQB: $GOPH) Enters Letter of Intent with Blockchain
Technology Regulated Development Company
Santa
Monica, CA - June 14, 2018 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB:
GOPH)
("Gopher"), a company specializing in the creation of Internet of
Things (IoT) and Artificial Intelligence enabled mobile technologies, is
pleased to announce that its partially owned subsidiary, Gopher Protocol Costa
Rica, S.R.L. has entered into a Letter of Intent to acquire TOKENIZE-IT S.A.
pursuant to which Gopher will issue 20 million shares of common stock to
TOKENIZE-IT.
TOKENIZE-IT
is a software developer and technology company which owns a portfolio of
blockchain technologies focused on providing technology and services to third
parties for the purchase of converting income producing assets and cash flow
streams into tokens that can be traded as well as the tokenization of financial
sovereign instruments. These blockchain utility tokens are not dependent on a
single blockchain technology, they can be created on multiple blockchains.
Read this news in
full at http://www.investorideas.com/CO/GOPH/news/2018/06141LetterOfIntent.asp
In
parallel with the closing of the TOKENIZE-IT transaction as contemplated by the
Letter of Intent, TOKENIZE-IT will enter into a joint venture agreement with
GBT Technologies, S.A. ("GBT") to access token and cryptocurrency
trading through a fully licensed and Central Bank regulated "Currency
Exchange" in Costa Rica. It is the goal of TOKENIZE-IT to further enhance
its product offerings by providing multiple abilities to enhance liquidity and
positive exposure to its tokens by listing them on GBT's exchange platform. As
a result of the joint venture, TOKENIZE-IT will issue equity securities to GBT
representing a 50% interest in TOKENIZE-IT and assign 20 million shares of
Gopher to GBT.
"With
Mauricio Lara spear-heading TOKENIZE-IT and Pablo Gonzalez directing GBT
Technologies, we are certain that only a powerful outcome will come from this
joint venture as they both have vast experience in the blockchain space from an
operability standpoint but also from a legal, banking and public markets point
of view, having been speakers in multiple conferences and a reference point in
many Latin American markets," stated Mansour Khatib, CEO of Gopher.
"Just yesterday at MoneConf in Dublin, the CEO of Circle Internet
Financial, Inc. stated that 'We Are at the Beginning of Tokenization of
Everything' (https://cointelegraph.com/news/circle-ceo-at-moneyconf-dublin-we-are-at-the-beginning-of-tokenization-of-everything). I believe Gopher
is entering the industry at the right time equipped with the right technology
and personnel," added Mr. Khatib.
The
intent of these corporate actions is to increase the technology and reach of
Gopher further into the financial services arena. If Gopher is successful in
creating its own communication network, it is a logical progression for these
networks to also carry financial transactions, in both cryptocurrency, and Fiat
Currency.
No
assurance can be given that a definitive agreement will be entered into, that
the appropriate governing bodies including Gopher’s board of directors will
approve such transactions, that the proposed transactions contemplated above
will be consummated, or that TOKENIZE-IT will be able to obtain adequate funds
needed to fund its business plan.
The Guardian Pet Tracker
(Sphere Internal name - the "Sphere") system is a derivative
technology of Gopher's Guardian Patch technology. The Sphere is designed to
provide its users with local tracking capability using a
re-chargeable/replaceable battery source. Gopher intends to release
pre-production units in limited test in the near future.
About Gopher Protocol Inc.
Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher”) (http://gopherprotocol.com/) is a
development-stage company which consider itself Native IoT creator,
developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology.
Gopher has a portfolio of Intellectual Property that when commercialized
will include smart microchips, mobile application software and supporting cloud
software. The system contemplates the
creation of a global network. The core
of the system will be its advanced microchip technology that can be installed
in any mobile device worldwide. Gopher envisions this system as an internal,
private network between all enabled mobile devices providing shared processing,
advanced mobile database management/sharing and enhanced mobile features.
Forward-Looking
Statements
Certain statements contained in this press release may
constitute "forward-looking statements". Forward-looking
statements provide current expectations of future events based on certain
assumptions and include any statement that does not directly relate to any
historical or current fact. Actual results may differ materially from those
indicated by such forward-looking statements as a result of various important
factors as disclosed in our filings with the Securities and Exchange Commission
located at their website (http://www.sec.gov). In addition to these factors, actual future performance,
outcomes, and results may differ materially because of more general factors
including (without limitation) general industry and market conditions and
growth rates, economic conditions, governmental and public policy changes, the
Company’s ability to raise capital on acceptable terms, if at all, the
Company’s successful development of its products and the integration into its
existing products and the commercial acceptance of the Company’s
products. The forward-looking statements included in this press release
represent the Company's views as of the date of this press release and these views
could change. However, while the Company may elect to update these
forward-looking statements at some point in the future, the Company
specifically disclaims any obligation to do so. These forward-looking
statements should not be relied upon as representing the Company's views as of
any date subsequent to the date of the press release.
Contact:
Mansour Khatib, CEO
Gopher Protocol Inc.
VM Only 888-685-7336
Gopher Protocol Inc.
VM Only 888-685-7336
Source: Gopher Protocol Inc.
Gopher Protocol,
Inc. (OTCQB:GOPH) is a featured tech stock on
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