RETRANSMISSION - Global Blockchain Technologies Announces Its Strategic Plan With X2 Games
VANCOUVER, British Columbia, Jan. 18, 2019 (GLOBE NEWSWIRE) -- GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. (CSE: BLOC.U) (FSE: BWSP) (OTC Pink: BLKCF) ("BLOC", or the "Company") announces its future strategy following the acquisition of X2 Games Corp. (“X2 Games” or “X2”) on December 17, 2018.
As of December 17, 2018, BLOC acquired all of the issued and outstanding shares of X2 Games (the “X2 Games Shares”) (the “Transaction”). The Transaction introduced the leadership of Nolan Bushnell, co-founder of Atari and Chuck E. Cheese’s, and Hollywood creative director and visual effects visionary Zai Ortiz to BLOC’s operations, as BLOC pivots to focus on gaming-related projects.
As a result of the Transaction, BLOC acquired all intellectual property rights to X2 Games’ current game projects, including the digital interactive games for Amazon Alexa. One of these games, titled St. Noire, has a pre-release date set for early 2019, with three other Amazon Alexa games set to be launched in 2019. A trailer of St. Noire can be seen at http://www.st-noire.com/amazon-alexa.
BLOC and X2 Games have initiated a comprehensive strategy to optimize BLOC’s assets towards gaming, eSports and AI. BLOC’s assets will be leveraged to support X2’s pursuit of disruptive gaming interfaces.
As a result of this new strategy, X2 Games will become the main business focus of BLOC, supported by its synergistic assets portfolio. BLOC believes this is the best way to leverage the experience and leadership that Nolan Bushnell and Zai Ortiz bring to the Company.
X2 Games Co-Founder, Chairman and CEO Nolan Bushnell has stated that, “This transition will help X2’s goal to revolutionize gaming and merge it with cinema and AI in exciting ways. At X2 Games we are always looking to find avenues for gaming in existing and emerging platforms. A primary component of our strategy is to tailor our products to the Smart-speaker, AI, mobile, AR and Interactive TV markets and gamify this space.”
X2’s strategy will also explore the following sectors within the gaming market in the next 3 years:
- Dynamic Cinema
- VR / AR/ MR
- Geo Adventure
- Mediated Board Games
- Immersive Theater
X2 Games has an extended pipeline of Alexa based games in production.
Following the release of St. Noire, the Company will release further games stemming from Nolan Bushnell’s back catalogue of unreleased games and intellectual property.
Zai Ortiz, Chief Creative Officer, Co Founder and President of X2 Games commented, “Gamification will revolutionize the industry in how we think about gaming, and what we think of as a game. Future of interactive games is the merging of cinema, gaming, and AI – X2 is well positioned to take advantage of this rapidly growing industry.”
Amazon has sold more than 100 million devices with Alexa integrated smart assistance. By 2020, it is estimated that up to 75% of US households will have a smart-speaker. X2 Games will pursue this sector in the long term as it observes a large market opportunity to satisfy consumer demand in smart-speaker technologies. 1 2
The global smart speaker market size is expected to reach revenues around $19 billion by 2023, growing at an impressive CAGR of approximately 31% 2018–2023. 3
About Global Blockchain Technologies Corp.
The Company provides investors access to a basket of direct and indirect holdings within the blockchain space.
The Company is focused on streamlining the currently arduous, lengthy, and complicated process that interested investors must undergo to gain exposure to the blockchain space, with a view to becoming the first vertically-integrated originator and manager of top tier blockchains.
BLOC is listed on the Canadian Securities Exchange (“CSE”) and its common shares trade under the ticker symbol "BLOC." Additional information relating to BLOC is available on SEDAR at www.sedar.com, the CSE at www.theCSE.com, as well as on the Company's website at www.globalblockchain.io.
About X2 Games Corp.
X2 Games is a creative game studio on the frontlines of new technology and emerging markets that will change the landscape of games played around the world. The company currently has the following games in its development pipeline:
St Noire: The next generation of Tabletop Gaming, and the first immersive Alexa board game. Featuring Hollywood-level voice-acting and immersive sound design through Alexa, users will play the game on a premium game board, using cards and game pieces. The game requires an Amazon Alexa speaker and a game board to be played and leverages Artificial intelligence speaker technology to create a cutting-edge experience.
Treasure Island: A currency-powered real-time scavenger hunt in which players compete against each other for real-world prizes. The game leverages blockchain technology to create tokenized prizes that are safe and secure.
More information about X2 Games and its projects can be found at www.x2.games
On behalf of the Company:
Shidan Gouran, President and CEO
For more information, please contact:
Global Blockchain Technologies Corp. Investor Relations
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or indicates that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, “occur” or “be achieved”. Forward-looking information includes, but is not limited to the Company’s goal of streamlining the current arduous, lengthy and complicated process that interested investors need to undergo in order to gain exposure to the cryptocurrency space with a view to becoming the first vertically integrated originator and manager of top-tier blockchains and digital currencies. The Company has no assets and its business plan is purely conceptual in nature and there is no assurance that it will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made, including but not limited to: statements and expectations regarding the ability of the Company to (i) successfully engage senior management with appropriate industry experience and expertise, (ii) gain access to and acquire a basket of cryptocurrency assets and pre-ICO and ICO financings on favourable terms or at all, (iii) successfully create its own tokens and ICO’s, and (iv) execute on future M&A opportunities in the cryptocurrency space; receipt of required regulatory approvals; the availability of necessary financing; permitting and such other assumptions and factors as set out herein. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to changes in cryptocurrency prices; the estimation of personnel and operating costs; general global markets and economic conditions; risks associated with uninsurable risks; risks associated with currency fluctuations; competition faced in securing experienced personnel with appropriate industry experience and expertise; risks associated with changes in the financial auditing and corporate governance standards applicable to cryptocurrencies and ICO’s; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalization and liquidity risks including the risk that the financing necessary to fund continued development of the Company’s business plan may not be available on satisfactory terms, or at all; the risk of potential dilution through the issuance of additional common shares of the Company; the risk of litigation. Although the Company has attempted to identify important factors that could cause actual results to differ materially from the forward-looking information set out in this presentation, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Released January 18, 2019