LOS ANGELES, CA, Jan. 11, 2018 (GLOBE NEWSWIRE) -- Reign Sapphire Corp. (OTCQB RGNP) ("Reign" or the "Company"), a direct-to-consumer, custom and branded jewelry company with jewelry sales, jewelry technology, and blockchain divisions, today announced that it intends to conduct an ICO (initial coin offering) for ReignCoins subject to regulatory approval.
The company recently announced its intention to launch ReignCoins as Reign’s cryptocurrency and blockchain-based loyalty rewards program.
“Reign is an innovative tech and data driven direct-to-consumer jewelry company, we are delighted to announce that after additional consideration and discussion with our development partners we intend to conduct an ICO for ReignCoins our cryptocurrency and blockchain-based loyalty rewards program subject to regulatory approval”, commented Reign CEO, Joseph Segelman.
About Reign Sapphire Corporation’s divisions:
Reign Brands featuring, Reign Sapphires: Ethically produced, millennial targeted sapphire jewelry, Coordinates Collection: Custom jewelry, inscribed with location coordinates commemorating life's special moments, and Le Bloc: Classic customized jewelry and athleisure jewelry brand ION Collection by Jen Selter.
Reign Ventures, the Company's joint venture platform for investment and development of jewelry technology related products.
Reign Blockchain to authenticate Sapphires as conflict-free. Entries on the digital record can include attributes for each sapphire including the color, carat, and certificate number. Reign’s Blockchain website will be Reignbc.com and cryptocurrency and blockchain-based loyalty program website Reigncoins.com.
Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of the U.S. federal securities laws, which statements may include information regarding the plans, intentions, expectations, future financial performance, or future operating performance of Reign Sapphire Corporation ("Reign" or the "Company"). Forward-looking statements are based on the expectations, estimates, or projections of the Company's management as of the date of this press release. Although Reign's management believes these expectations, estimates, or projections to be reasonable as of the date of this presentation, forward-looking statements are inherently subject to significant business risks, economic and competitive uncertainties, or other contingencies, which could cause the Company's actual results or performance to differ materially from what may be expressed or implied in the forward-looking statements. Important factors that could cause Reign's actual results or performance to differ materially from the forward-looking statements include those set forth in the "Risk Factors" sections in the Company's filings with the Securities and Exchange Commission, including the risks set forth in the company's Annual Report on Form 10-K for the year ended December 31, 2016, which is available for viewing on the SEC's EDGAR website. These forward-looking statements speak only as of the date of this press release and, except as required by law, Reign specifically disclaims any obligation to update these forward-looking statements, even if new information becomes available in the future.