Hill Top Developing its First ICO for Mining Industry
KELOWNA, BC, Sept. 27, 2017 /CNW/ - Hill Top Security, Inc. ("HTSI" or the "Company") and Big Wind Capital Inc. (CSE: BWC)(CNSX: BWC) ("Big Wind") announce that HTSI is developing its first Initial Coin Offering (ICO) for the mining and metals industry and has already received funding for development. The new ICO will enable HTSI to expand its current protection of company networks and communications to include the protection of company transactions. HTSI is also in the process of joining the Financial Information eXchange (FIX), which has revolutionized the trading environment and has been fundamental in facilitating many of the electronic trading trends that have emerged over the past decade. HTSI recently signed a letter of intent with Big Wind, pursuant to which Big Wind intends to acquire various interests in HTSI and its assets (the "Transaction").
News Highlights
- The ICO will facilitate secure trading of specific commodities even in unstable jurisdictions worldwide
- Hill Top's ICO will utilize proprietary technology created by Hill Top, within the Etherium framework. Etherium is the leading technology used by most crypto currencies.
- Hill Top has received funding and product development is at a very advanced stage
Corby Marshall, CEO of Hill Top Security, said, "From our perspective, the value of cryptocurrency goes beyond the underlying currency or coin because it allows a company to conduct trustworthy transactions in untrustworthy jurisdictions or circumstances. We therefore see our application of cryptocurrency as a new and ground-breaking method of securing our customers' operations - an approach that moves beyond protecting company networks and communications to a point at which we are protecting transactions as well."
Kim Pease, SVP, Product Management, of Hill Top Security, said, "We are very excited to be on the vanguard of an intriguing new paradigm for distributed apps. Blockchain technology has the potential to revolutionize the future of financial transactions and, with our ICO already at an advanced stage, we expect to be in a position to launch in the near future."
Further Information
Further details about the previously announced Transaction between the Company and Big Wind will be provided in a comprehensive news release if the parties enter into a definitive agreement. The Transaction, if completed, will constitute a "fundamental change" pursuant to policies of the Canadian Securities Exchange (the "CSE ").
Completion of the Transaction is subject to a number of other conditions, including but not limited to acceptance by the CSE and completion of mutual due diligence. There can be no assurance that the Transaction will be completed as proposed or at all.
Forward-Looking Information
Certain statements included in this news release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to Big Wind or its management or the negative thereof or similar variations. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Big Wind.
All information in this news release concerning HTSI has been provided for inclusion herein by HTSI. Although Big Wind has no knowledge that would indicate that any information contained herein concerning HTSI is untrue or incomplete, Big Wind assumes no responsibility for the accuracy or completeness of any such information
Investors are cautioned that, except as disclosed in the listing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon.
Statements about the closing of the Transaction, expected terms of the Transaction, and the parties' ability to satisfy any and all other closing conditions, and receive necessary regulatory and CSE approvals in connection therewith, are all forward-looking information. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the Transaction will occur or that, if the Transaction does occur, it will be completed on the terms described above. Big Wind assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law and may not be offered or sold in the "United States", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
SOURCE Big Wind Capital Inc.
Big Wind Capital Inc., Richard Matthews, [email protected], 778-484-8028
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