Blockchain-Focused Business Unit to Provide Framework for an Unlimited Number of Value-Added Services
Jacksonville, FL, Jan. 17, 2018 /GLOBE NEWSWIRE/ — mCig, Inc. (MCIG), a leading distributor of innovative products, customized packaging solutions, technologies, and services for the global medical cannabis industry, today has announced the website launch of its blockchain focused company Obitx, Inc. We encourage our shareholders to visit a new corporate site at: https://www.obitx.com/
OBITX focuses on identifying and investing in unique projects and offerings that combine blockchain technology and real-world applications with talented development teams, strong fundamentals, and large addressable markets.
Latest ventures include crypto mining projects as part of OBITX’s early investments. The company has secured a location and buying hardware to start projects immediately, based on current tests and data.
In the comings days, partners of OBITX, the KRYP Network will be launching their ICO as well as Render Payment’s commencement with trading on crypto exchanges. Both companies are receiving outstanding feedback and OBITX is proud to be part of their success story. With market values increasing from $17 billion to well over $500 billion, there is a solid indication of interest in the development of cryptocurrency and blockchain technologies. Looking to take advantage of this data, Obitx has made plans to deploy KRYP ATM units within the KRYPNetwork bringing additional revenues and profits.
The consulting arm of OBITX, ICOMethod LLC., is working with multiple companies, in preparation for their Initial Coin Offering. ICOMethod assists its clientele by offering professional direction, brand activation and design, White Paper research and copywriting, the preparation of marketing materials, and the support of legal and accounting services.
The skilled team of OBITX has developed a series of user-friendly, efficient, and profitable marketing tools intended for investors and companies seeking to get into the cryptocurrency and blockchain worlds and successfully broadcasting themselves through the following performance-marketing platforms which integrates advertisers, networks, affiliates and mainstream media into a single offering:
- eHESIVE: a self-serve affiliate ad platform with costing per acquisition for cryptocurrencies and other business networks pairing publishers to advertisers with the proprietary traffic control system, sticky pools increasing site monetization. The system is flexible, user-friendly and powerful, with a robust easy understanding analytics reporting system to aid in successful campaign results.
- Marketero: An HTML/ campaign based email newsletter service designed to effectively engage and nurture new and current customers within the blockchain and other networks. The powerful yet easy to use features allow even the most casual users to create rich campaigns confirmed to convert.
- Latest PR: press release manager for cryptocurrency sectors and digital investment, specifically developed for public announcements about significant milestones, business activity, and funding rounds.
- Blog Certified: A multichannel blog repository serving marketers, brands, and content publishers. Based on cryptocurrency, blockchain, lifestyle, and tech, these sponsored advertisements give the ability to monetize any site.
“Reminded daily how blockchain is the new platform leading to the next wave of innovation. The technology has proven to be reliable, decentralized, and transparent. It’s a disruptive technology having the ability to digitize, secure and incentivize the validation of transactions. Using our best acumen, we are able to identify, invest and incubate technology market leaders from the OBITX ecosystem”, said Alex Mardikian, Chief Executive Officer
About OBITX, Inc
OBITX Inc. is a Blockchain Technology Company providing ICO advisory services, blockchain consulting services, and blockchain-related software development.
The company is primarily engaged in the business of developing technologies for, or in connection with, digitally distributed ledgers or blockchains, and in developing new platforms and digital objects that are made available to other companies, firms, and individuals using cryptocurrency networks and technologies. The company’s business includes the development of blockchain technologies and cryptographic products, including virtual currencies and tokens.
The blockchain-focused business model of Obitx intends to identify and invest in unique projects and intellectual property which combine blockchain technology and real-world applications with its talented development teams and management of strong fundamentals.
About mCig Group (MCIG)
Headquartered in Henderson, Nevada, mCig, Inc. (OTCQB MCIG) is a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands. mCig, Inc. is committed to being the leading distributor of technology, products, and services to fit the needs of a rapidly expanding industry. mCig, Inc. has transitioned from a vaporizer manufacturer to industry leading large scale, full-service cannabis cultivation construction company with its Grow Contractors division currently operating in the rapidly expanding Nevada market.
mCig, Inc. also employs a world-renowned tech team and has recently entered the tech space to satisfy its evolving role in technology and in keeping its growing following up to speed.
The company looks forward to growing its core competencies to service the ancillary legal Cannabis, Hemp and CBD markets, with broader expansion to take place once federal laws change. With over seventy-five years of experience combined between the key players that make up the Cannabis Grow Contractors Division, mCig Inc. is proud to work with Cannabis Industry leaders and provide broad and rounded solutions for legal growers nationwide.
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company’s ability to develop, market and sell products based on its technology; the expected benefits and efficacy of the Company’s products and technology; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; and the Company’s business, research, product development, regulatory approval, marketing and distribution plans and strategies.
This release contains a non-GAAP disclosure, EBIDTA, which consists of net income plus interest expense, as well as net provisions for income taxes, depreciation, and amortization. This term, as the Company defines it, may not be comparable to a similarly titled measure used by other companies and is not a measure of performance presented in accordance with GAAP. The Company uses EBIDTA as a measure of operating performance. EBIDTA should not be considered as a substitute for net income.
CEO – Obitx, Inc.