Everything Blockchain Acquires Energy Technology Business

Fleming Island, Fla., June 21, 2021 (GLOBE NEWSWIRE) – Everything Blockchain, Inc., (OTCMKTS: OBTX), an advanced software development and services company specializing in blockchain technologies and distributed processing, announced today that it has taken over 100%. of the outstanding shares of 832 Energy Technology Consultants, headquartered in Houston, Texas, at a current value of $ 1.5 million. This is the second acquisition Everything Blockchain has made in the past three months. In addition to this acquisition, the company has signed two more letters of intent for two more strategic acquisitions that will bring the company one step closer to providing a blockchain platform that operates between regulators and industry.

Founded in 2012, 832 Energy Technology Consultants has consistently generated over $ 500,000 in annual revenue and 50% net income. They are currently generating their sales as a software architect and engineer for United Airlines. Cedric Harris is the founder of 832 Energy Technology Consultants and will continue to run the business while being named Chief Research Officer (CRO) for the company. The most recent achievement by Mr. Harris was the development and inventor of the blockchain used by the Center for Disease Control (CDC) global contract tracking program. Mr. Harris will work with the company in developing and filing patents for its proprietary intellectual assets and services that it plans to bring to market in the near future.

“This acquisition is the second of several acquisitions with 1 + 1 + 1 + 1 = 1,111. These acquisitions will bring Everything Blockchain to the forefront of data security through the use of blockchain and will make Everything Blockchain a household name around the world, “said Eric Jaffe, CEO of Everything Blockchain. He continued, “Cedric will be a great addition to the Everything Blockchain team. His thinking corresponds exactly to our company’s vision that everything in life is influenced by blockchain in one way or another. “

Cedric Harris, CRO of the company, said, “I have been looking for years for a company that I can call home and feel a part of. The management team and employees connected to Everything Blockchain are bleeding blockchain. When I first met her, I felt I belonged. I look forward to continuing my blockchain research and developing globally patented technologies that will impact humanity and improve the quality of life around the world. ”

About everything blockchain:

Everything Blockchain, Inc. (OTCMKTS: OBTX), headquartered in Fleming Island, Florida, is a blockchain developer, architecture and software designer who also provides consulting and services specializing in blockchain technologies and distributed processing.

Forward-Looking Statements

This press release contains “forward-looking statements” that are not purely historical and may contain statements about beliefs, plans, expectations or intentions about the future. Such forward-looking statements include, but are not limited to, the development, costs, and results of new business opportunities and words such as “anticipate,” “seek,” “intend,” “believe,” “estimate,” “expect,” “project,” “plan,” and the like Wordings may be viewed as “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in the forward-looking statements due to numerous factors. These factors include but are not limited to the uncertainties associated with new projects, the future US and global economies, the effects of competition, and the company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements speak as of the date of this press release and we assume no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. While we believe that all beliefs, plans, expectations, and intentions contained in this press release are reasonable, no assurance can be given that such beliefs, plans, expectations, or intentions will prove to be correct.

Among other things, the following factors could cause actual results to differ materially from those described in these forward-looking statements: There can be no assurance that the two additional LOIs mentioned in the press release will be met. The occurrence of an event, change or other circumstance that could cause the terms of the LOI not to be recorded in a definitive agreement; the outcome of legal proceedings initiated against the company or other parties to the LOI following the announcement of the LOI and the transactions envisaged therein; the company’s ability to meet listing standards post-transaction and in connection with its completion; the inability to complete the transactions contemplated by the LOI because no closing conditions have been met; Risks that the proposed transaction will disrupt current plans and processes and potential difficulties in retaining employees as a result of the disclosure of the LOI and the completion of the transaction as described therein; Costs related to the intended acquisition; Changes in applicable laws or regulations; the ability of the acquired assets to achieve their financial and strategic goals, including due to competition, the company’s ability to grow and manage profitability on growth, maintain relationships with customers and retain its key employees; the possibility that the company may be adversely affected by other economic, business and / or competitive factors; and other risks and uncertainties described herein, as well as the risks and uncertainties discussed from time to time in other reports and other public filings with the Company’s Securities and Exchange Commission (the “SEC”).

        

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