DALLAS, TX, July 12, 2018 (GLOBE NEWSWIRE) -- Zenergy Brands, Inc. (Ticker: ZNGY), the nation's leading next-generation utility, announced today that its flagship service offering known as the Zero Cost Program continues to gain traction in the marketplace. In a recent Form 8-K filing with the Securities and Exchange Commission (SEC), the company reported material sales activity and a change in assets that are directly attributable to recent Zero Cost customers.
In June, the Company entered into Zero Cost Services Agreements with customers in the private sector, with aggregate contract values totaling $1,044,182.04. The respective agreements are for 7-year terms. One of the Zero Cost agreements is with U.S.-based, bitcoin mining operation known as BitPlus, Ltd. BitPlus is utilizing an innovative energy sourcing strategy encompassing a micro-grid approach, which gives them a unique competitive advantage in the bitcoin mining industry.
Zenergy CEO, Alex Rodriguez, remarked, “We were honored to have been chosen by BitPlus as their energy solutions provider; and moreover, we are excited about the growth potential associated with being a key vendor for this fast-growing bitcoin mining company. We are hopeful that this will be the first of many to come.”
Through its flagship Zero Cost Program, Zenergy continues to provide conservation and sustainability products and services to commercial, industrial, and municipal end-use customers at no upfront cost while giving them an economic benefit and reducing demand on the national grid via a reduction of utility consumption. In the case of BitPlus, Zenergy was able to customize its Zero Cost services agreement to accommodate this innovative approach to energy sourcing within the burgeoning cryptocurrency industry.
BitPlus CEO and Co-Founder, Tom Blasen, commented, “The Zero Cost approach allows us to implement our unique method to sourcing electricity for our mining operation, while also allowing us to focus on our core business.”
ABOUT ZENERGY BRANDS, INC.
Zenergy Brands, Inc. (OTCQB: ZNGY), is a next-generation energy and technology company operating in the emerging smart energy/utility industry. The Company provides energy conservation, smart controls, and efficiency-based products and services as a fully integrated energy company. Zenergy is a public company, fully reporting to the SEC and currently trading on the OTCQB, a venture market designed for early-stage and developing U.S. and international companies. To learn more, visit www.zenergybrands.com or www.whatiszenergy.com, and follow the company on the following social networks:
Facebook: Zenergy Brands
Twitter: @ZenergyBrands
Instagram: @ZenergyBrands
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ABOUT BITPLUS LTD.
BitPlus Mining has developed Mobile Mining Rigs (MMR’s) that opportunistically identify and mine the most profitable cryptocurrencies using state-of-the-art hardware, which is powered by our proprietary and revolutionary low-cost energy generation system. Our MMR’s are designed to bring computational power and energy conversion to stranded natural gas locations anywhere in the world.
To learn more, visit www.bitplus.org, and follow the company on the following social networks:
LinkedIn: BitPlus Ltd.
Instagram: @BitPlus Ltd.
Facebook: BitPlus Ltd.
Twitter: BitPlus Ltd.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to some risks, uncertainties, and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the critical factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file at www.OTCmarkets.com.