HashChain Technology Announces New Directors
VANCOUVER, BC - February 6, 2018 - HashChain Technology Inc. (TSXV: KASH; OTCQB: HSSHF) (“HashChain” or the "Company") today is pleased to announce the appointments of Aaron Bowden and David Madore to its Board of Directors, taking the place of Zyshan Kaba and Herrick Lau. Mr. Lau will continue to serve as the Company's Chief Financial Officer.
David Madore is a cryptocurrency enthusiast who has over twenty years of executive experience specializing in program management. Currently he is part of the senior management at Accela Inc., the worlds largest cloud based provider of government licensing software. David oversees a large portion of delivery for the central region of the United States. Prior to this Mr. Madore worked as Vice President of Operations at Morkaut & Associates, an Architectural, Engineering and Construction Management firm. During his tenure David lead day to day operations and was responsible for more than $200 million in high-end commercial development. Early in David's career he was a manager for Xerox Litigation Service where he lead large E-Discovery cases for many fortune 500 companies. In addition to holding degrees in Technology, Social and Physical Sciences he also has certifications in Six Sigma and Agile Scrum.
Aaron Bowden specializes in taxation and currently manages all areas of domestic and international tax for a large Canadian public company with over 12,000 employees and $4 billion in sales. Prior to this Mr. Bowden worked at Deloitte advising clients on assurance and tax matters with a focus on the technology industry. In addition to being a Chartered Professional Accountant Aaron holds a Bachelor of Technology in Information Technology from Kwantlen Polytechnic University in Richmond B.C.
Patrick Gray, CEO of HashChain, commented "The Company would like to thank Mr. Kaba for his contributions to the success of HashChain and we wish him all the best with his other business ventures.
The Company has entered into an investor relation’s agreement (the “IR Agreement”) with Black Ink Research LLC (“Black Ink”), a limited liability company existing under the laws of the State of Florida with an office at 4095 S. State Rd. 7, Ste. L-160, Wellington, Florida, USA. The term of the IR Agreement is for a twelve-month public awareness campaign. In connection with the IR Agreement, Black Ink will be compensated with $500,000 and granted 400,000 incentive stock options. The stock options are exercisable for a period of five years at an exercise price of $0.85 per share. The options were granted under and are subject to the terms and conditions of the Company's Stock Option Plan.
About HashChain Technology Inc.
HashChain is a blockchain technology company, and the first publicly traded (TSXV:KASH; OTCQB: HSSHF) Canadian cryptocurrency mining company to file a final prospectus supporting highly scalable and flexible mining operations across all major cryptocurrencies. HashChain taps low-cost North American power, cool climate and high-speed Internet: the trifecta most critical to mining success, to create a competitive position for maximizing the number of mining 'wins.' HashChain currently operates 870 mining Rigs, has purchased 3,000 additional Rigs and has entered into a purchase order for an additional 2,000 Rigs. Once all Rigs are operational HashChain will be consuming approximately 8.7 megawatts of power. HashChain also acquired a Dash Masternode for approximately USD $280,000 which requires a collateral investment of 1,000 Dash coins. NODE40 is an established blockchain technology company which comprises of two major segments including Cryptocurrency accounting solution NODE40 Balance for cryptocurrency tracking and Masternode hosting services. HashChain is based in Vancouver, British Columbia. HashChain Mining is a wholly owned subsidiary of HashChain Technology Inc. based out of Albany, New York.
On Behalf of the Board,
CEO & Director
For Further information please contact:
HashChain Technology Inc.
Vice President, Marketing & Communications
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release, including statements regarding the, the performance of the Company’s current and ordered Rigs, and expectations regarding future operations may constitute forward-looking statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, the 5,000 Rigs will be successfully delivered, the 5,000 Rigs will perform as expected by management and the timing, installation and performance of the Company’s current and ordered Rigs will be consistent with management's expectations. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors may include, among others, the risk that the 5,000 Rigs will not be successfully ordered and delivered from the manufacturer or, if so ordered, that the Rigs will not be delivered to the Company when expected by management or at all, the risk that the Company’s current and ordered Rigs will not perform as expected by management. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.