Bay Street News

BLOK Technologies Provides Year End Update

VANCOUVER, British Columbia, Dec. 28, 2018 (GLOBE NEWSWIRE) — BLOK Technologies Inc. (“BLOK Tech” or the “Company”) (CSE: BLK) (OTC: BLPFF) (FRANKFURT: 2AD) is pleased to provide a corporate update on its development achievements in 2018 and outline expected strategies for the new year. 

BLOK Tech’s primary focus in 2018 has been the development of blockchain-enabled technology through its 100% wholly-owned subsidiary Greenstream Networks Inc. (“Greenstream”).  

Greenstream’s aim is to develop and commercialize a blockchain-enabled supply chain integrity platform to ensure the safe, legal and authenticated flow of products and value through the cannabis market initially, with further application of the technology in other industries.

BLOK Tech’s progress to date includes:

BLOK Tech also wishes to announce that it has closed off development of the Greenstream Network Platform until further notice. The Company will focus its available resources going forward on monetizing the technology either in the cannabis industry, other sectors or through integration with other technologies.

In addition, the Company intends to explore new emerging technology projects that have near-term commercial viability and to raise further capital for their development.

About BLOK Technologies Inc.

BLOK Technologies Inc. is a public company that invests in and develops emerging companies in the blockchain technology sector. The Company’s approach is to provide capital, technology and management expertise to the companies it develops. The Company systematically identifies early-stage technologies with potential to disrupt and innovate within their industry and invests the necessary resources to ensure the success of their projects.

For additional information regarding BLOK Technologies and other corporate information, please visit the Company’s website at BLOKTECHINC.COM

ON BEHALF OF THE BOARD OF DIRECTORS
“Robert Dawson”
President & CEO

For further information, please contact:

James Hyland, B.Comm.
Vice President Corporate Development, Director
(604) 442-2425
jamie@bloktechinc.com

Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the company can fulfill such forward-looking statements and the company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the company, some of which are beyond the company’s control.