Los Angeles, CA, June 29, 2018 (GLOBE NEWSWIRE) -- ICOx Innovations Inc. (OTC: ICOX), who is in the business of designing and creating crypto economies is pleased to announce that their client, WENN Digital has today announced that they have agreed in principle with the two-time Formula 1 World Champion and World Endurance Championship (WEC) driver, Fernando Alonso, to protect his professional and personal images and videos. As part of the partnership, KODAKOne Platform, an image rights management and protection platform secured in the blockchain, will become the exclusive image registration, protection and license-monitoring solution for certain images and videos of Alonso – including currently archived items and images and videos taken in the future.
The agreement between Alonso and WENN Digital will provide an opportunity to Alonso’s global fanbase to access the to-be-launched KODAKOne Platform – enabling them to not only upload, register and protect their own photos and videos of their favorite F1 driver, but be rewarded for doing so in certain instances.
“We live in a world driven by content distribution across different channels, especially during such large events as F1 and WEC,” said Alonso, who just won the 24 Hours of Le Mans race in Le Mans, France. “I’m very excited to know that I have the ability to reward my fans and professional photographers for their creativity, and that the content they produce can be protected by a single platform.”
As part of this new level of fan engagement and rewards, Alonso and WENN Digital also intend to build a platform that will reward fans and media content producers for an array of products and services around Alonso.
“We are honored that Fernando Alonso is working with WENN Digital and the KODAKOne platform to secure his global image rights,” said Jan Denecke, CEO of WENN Digital. “Fernando is a world-renowned athlete, and his trust in our platform further validates what we stand for. We couldn’t have asked for a better partner to work with in rolling out our KODAKOne platform services.”
“This solidifies our vision of the opportunity KODAKOne has in the global market. This is a real issue for high-profile public figures and their ability to control their own IP. ICOx Innovations goal is to create crypto economies that have a real impact for people, business or charitable organizations” said Cameron Chell, Chairman of ICOx Innovations.
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About ICOx Innovations
ICOx Innovations Inc (www.icoxinnovations.com) provides a platform for the design and creation of crypto-economies that solve real-world problems with established organizations and provide operational insights intended to benefit and grow their businesses through the use of blockchain technology and crypto-currencies. The ICOx Innovations platform is compliance driven and combines rigorous strategic planning, capital structuring, technical integration and token-economics model development, designed to allow its clients to create sustainable economies.
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About KodakOne
KodakOne is a Blockchain enabled image rights platform created by WENN Digital, who is in a brand licensing partnership with Kodak. WENN Digital is also is operator of the KODAKOne Platform and the KODAKCoin tokens. WENN Digital and its advisors are an experienced development and operations team with expertise in proprietary blockchain development, big data, copyright law, AI-enabled image recognition and post-licensing monetization systems. www.kodakone.com
Disclaimer for Forward Looking Statements
This news release contains “forward-looking statements.” Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the statement that the agreement between Alonso and WENN Digital will provide an opportunity to Alonso’s global fanbase to access the to-be-launched KODAKOne Platform – enabling them to not only upload, register and protect their own photos and videos of their favorite F1 driver, but be rewarded for doing so in certain instances; the statement that Alonso and WENN Digital also intend to build a platform that will reward fans and media content producers for an array of products and services around Alonso; and ICOx Innovations goal is to create crypto economies that have a real impact for people, business or charitable organizations. The material assumptions supporting these forward-looking statements include, among others, that the Company’s future growth potential, results of operations, future prospects and opportunities; execution of the Company’s business strategy; there being no material variations in current regulatory environments; the Company’s operating expenses, including general and administrative expenses; the Company’s ability to obtain any necessary financing on acceptable terms; timing and amount of capital expenditures; retention of skilled personnel; continuation of current tax and regulatory regimes; and general economic and financial market conditions. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. These forward-looking statements are only predictions and involve known and unknown risks, uncertainties and other factors, including: inability to efficiently manage the Company’s operations; general economic and business conditions; the Company’s negative operating cash flow; the Company’s ability to obtain additional financing; increases in capital and operating costs; general cryptocurrency risks; technological changes and developments in the blockchain and cryptocurrencies; risks relating to regulatory changes or actions; and competition for blockchain platforms and technologies; any of which may cause the Company’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Further, although the Company has attempted to identify factors that could cause actual results, levels of activity, performance or achievements to differ materially from those described in forward-looking statements, there may be other factors that cause results, levels of activity, performance or achievements not to be as anticipated, estimated or intended. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States and Canada. Although the Company believes that any beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Readers should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the reports and other documents the Company files with the SEC, available at www.sec.gov, and on the SEDAR, available at www.sedar.com.
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