Las Vegas, NV / Manhattan Beach, CA, April 12, 2018 (GLOBE NEWSWIRE) -- Millennium BlockChain, Inc. (the “Company”), a holding company focused on blockchain technologies and crypto-assets, today announced that it has completed negotiations and entered into a letter of intent with ImpactPPA, a decentralized renewable energy platform, to purchase rights for future ImpactPPA tokens and warrants in ImpactPPA’s parent company in the aggregate amount of $3 million.
Within four months following the closing of the token portion of the transaction, Millennium BlockChain would have the option to purchase equity of ImpactPPA’s parent company. ImpactPPA’s MPQ token is planned to be used to fund renewable energy projects in the developing economies of the world and allow the MPQ community to vote on and approve which projects to fund and is currently available in private pre-sale.
“ImpactPPA stands out as not only having a huge addressable market, but also a winning team and business model coupled with working product,” said Brandon Romanek, CEO of Millennium BlockChain. “That clearly sets them apart from many of the other blockchain companies in the pre-sale stage.”
“Millennium BlockChain’s investment should allow us to quickly ramp up our clean energy deployments, and beyond that, they really understand the value we can bring to the blockchain community and the world,” said Dan Bates, CEO of ImpactPPA. “They are huge advocates of what we do, and supporters of the clean-energy future we can enable.”
Millennium BlockChain’s goal is helping to make blockchain technologies a new asset class for the stock market, and deploying capital to help emerging companies ascend to the next level. The new partnership is designed to enable ImpactPPA to begin delivering on its expanding list of Smart Power Purchase Agreements (SmartPPAs), which allows end-to-end management of clean renewable energy on the blockchain.
ImpactPPA has created a model of deploying renewable energy systems in developing nations using blockchain technology. The Company with its strategic partners has a pipeline of projects totaling approximately 183 megawatts, and when fully realized, is projected to generate an estimated $1.7 billion in revenue over the life of the SmartPPAs.
“This is a real business with real technology,” said Enzo Villani, Chairman of Millennium BlockChain. “ImpactPPA’s products and pipeline are game changers with a real-world solution with which we are proud to be associated with.”
About ImpactPPA
ImpactPPA is a blockchain platform built to disrupt renewable energy finance and accelerate global energy production. ImpactPPA’s platform and tokenized model allows communities to rapidly fund and deploy clean energy solutions by untethering traditionally expensive and inefficient structures for energy financing. For more information, visit www.impactppa.com or join us on Telegram, Twitter or Facebook.
About Millennium BlockChain
Millennium BlockChain, Inc. (OTC:MBLC) is a holding company primarily focused on blockchain technologies and crypto-assets in financial markets, healthcare, crypto-mining and high technology sectors. For more information, visit www.mblockchain.io.
Media Contact: Transform Group, millennium@transform.pr
Disclaimer
ImpactPPA’s tokens are utility tokens and are not intended to be securities in any jurisdiction or intended to be sold in any jurisdiction in which crypto assets are prohibited, including but not limited to the People’s Republic of China and South Korea. This press release does not constitute an offer or solicitation of an investment in a security of ImpactPAA. The token sale described in this press release will only be made by means of ImpactPPA’s sale materials, which include its white paper.
Forward-Looking Statements Disclosure
Except for the statements of historical fact contained herein, the information presented herein constitutes “forward-looking statements” within the meaning of the U.S. securities laws. Often, but not always, forward-looking statements can be identified by the use of words such as “plans,” expects,” “budget,” “scheduled,” “estimates,” “forecasts,” “targets,” “intends,” “anticipates,” “believes,” or variations of such words and phrases that refer to certain actions, events or results to be taken, occur or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the ImpactPPA to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. For example, the transaction described herein is under a letter of intent and is subject to negotiation and execution of definitive documentation between the parties, and closing of the transaction may not occur. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Also, forward-looking statements represent estimates and assumptions only as of the date hereof. Except as required by law, no person assumes any obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.