Global Blockchain Announces Strategic Investment of $3,000,000 into Breaking Data Corp.
The investment forges Global Blockchain's strategic initiatives with GIVEMESPORT media properties and large audience
Vancouver, British Columbia--(Newsfile Corp. - January 23, 2018) - Global Blockchain Technologies Corp. (CSE: BLOC) ("Global Blockchain" or the "Company") today announced that it invested $3 million into Breaking Data Corp. (TSXV: BKD) (OTCQB: BKDCF) previously announced private placement.
Pursuant to the Offering, the Breaking Data issued 1,000,000 common shares to the Company at a price of CDN$3.00 per share.
We see a very substantial opportunity to introduce blockchain technology in the GIVEMESPORT ecosystem and support this with our blockchain expertise. It is a key factor in our investment here," said Global Blockchain President Shidan Gouran. "GIVEMESPORTS has a leading global sports web property and a massive audience on Facebook with over 26 million fans.
The next largest single sports publisher Facebook page is ESPN with 18.46 million fans. GIVEMESPORT's content generates over 3.1 billion impressions (Aug-17), reaching over 119 million unique users (Aug-17) per month on Facebook alone.
We think there are multiple paths to stimulate growth and new monetization of this user base, with new methods of user engagement and transactions that our technology can help stimulate."
Nick Thain, Breaking Data Corp. CEO, said, "We see the blockchain space as an opportunity for our Company to integrate this technology into our growth strategies. This investment by a key strategic partner will help us leverage our AI and sports media content with the blockchain opportunities that are available to us. This investment by GBC is part of ongoing plans to remain at the forefront of key synergistic technologies that separate us from other sports media companies."
More specifically, Breaking Data and GBC will collectively investigate opportunities which can be implemented using Blockchain-based applications and protocols, to enhance the GIVEMSPORT audience and user experience, including how to best leverage the huge following on Facebook and GIMVESPORT.com.
In addition, Breaking Data has provided GBC with a right of first refusal in respect of any offerings by Breaking Data which involve the use of blockchain or similar technologies.
The common shares issued in connection with the Offering are subject to a hold period which expires on May 23, 2018.
About Breaking Data Corp
Breaking Data Corp. is a technology provider of a range of Artificial Intelligence services including; semantic search, machine learning and natural language processing ("NLP"). The Company's technology platform has many practical applications, in multiple business and consumer verticals that are immersed in massive media and data rich settings. The Company's showcase app, BreakingSports, utilizes semantic machine learning and NLP to track social media in a fully automated, real-time manner for significant sports information and events and distributes summarized information through real-time push notifications to consumers.
GIVEMESPORT, Breaking Data's recent acquisition, is a leading next generation sports media company with the largest single publisher Facebook page in the world, with over 26.28 million fans. The next largest single sports publisher Facebook page is ESPN with 18.46 million fans. GIVEMESPORT's content generates over 3.1 billion impressions (Aug-17), reaching over 119 million unique users (Aug-17) per month on Facebook alone. Visit GIVEMESPORT's Facebook page at facebook.com/GiveMeSport.
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About Global Blockchain Technologies Corp.
Global Blockchain Technologies Corp. is an investment company which proposes to provide investors access to a basket of holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies.
GBT is listed on the Canadian Securities Exchange and its common shares trade under the ticker symbol "BLOC." Other information relating to GBT is available on SEDAR at www.sedar.com as well as on the Company's website at www.globalblockchain.io.
On behalf of:
GLOBAL BLOCKCHAIN TECHNOLOGIES CORP.
Cautionary Note Regarding Forward-Looking Information
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Released January 23, 2018