Los Angeles, CA, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Reign Sapphire Corp., (OTCQB: RGNP) ("Reign" or the "Company"), a direct-to-consumer, custom and branded jewelry company with jewelry sales and jewelry technology divisions, today announced that the Company will establish a third division, Reign Blockchain, to incorporate Blockchain technology to authenticate Sapphires as conflict-free.
The company also announced that it now accepts Bitcoin as payment via Bitpay on Reignsapphires.com.
The Company now operates 3 divisions:
Reign Brands 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 recently announced 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. Blockchain technology is already being used for diamonds. London-based company, Everledger, has placed more than 1.6 million diamonds on a blockchain. Entries on the digital record include dozens of attributes for each diamond, including the color, carat, and certificate number, which can be inscribed by laser on the crown or girdle of the stone.
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.