St. Petersburg, FL, Oct. 02, 2018 (GLOBE NEWSWIRE) -- Square Chain Corporation (OTC Markets: SQCC) is pleased to update shareholders on several recent corporate accomplishments and changes.
- The company has changed the business model to a hybrid blockchain model; allowing for investments in future blockchain business applications, and investments in more traditional projects that could ultimately benefit from blockchain technology, and
- Affiliated the company with an innovative blockchain incubator to gain access to innovative blockchain applications and developers, and
- The Company is pleased to announce it has received approval from The Depository Trust Company (“DTC”) to become DTC electronic (DWAC/FAST) eligible, and
- The SEC has deemed our Reg A offering “Qualified” as of August 17, 2018, and
- Have received FINRA approval for name change and new trading symbol; and
- Updated filings with OTC Markets; and have been deemed "Current"; and
- Developed a basic new website
On March 5, 2018, Small Cap Compliance, LLC was appointed Custodian of the Company by the Eighth Judicial District Court of Clark County, Nevada.
On March 6, 2018, the Custodian of the Company appointed Jeffrey J Parker as the Company’s sole officer and director. Prior to this position with the Company, Mr. Parker served in various leadership capacities in the high-tech industry, including Gemesis Corporation, Sterling Semiconductor and a partner in various small business ventures. Mr. Parker is a results-oriented experienced professional providing leadership to sales and operations in the areas of small business and startup environments. Mr. Parker has a proven ability to help nurture start-ups, develop and execute plans into thriving organizations and effectively liaise with relevant stakeholders to accomplish goals and resolve challenges. Mr. Parker completed both his undergraduate education and graduation level entrepreneurship certificate at the University of South Florida.
On March 7, 2018, the Company filed its Reinstatement with the State of Nevada and its Annual list of officers and directors. Prior management is no longer affiliated with the Company
On March 8, 2018, the Company filed a Certificate of Amendment with the State of Nevada to effectively change the name of the Company to Square Chain Corporation.
The Company’s new corporate address is listed below. You may visit our new website at www.squarechain.io
New Corporate Address
Square Chain Corporation
501 1st Ave N, Suite 901
St. Petersburg, FL 33701
The company has established a Twitter account and a Facebook account. We will utilize both social media accounts to disseminate corporate information.
https://www.facebook.com/Square-Chain-Corporation-315436295677273
https://twitter.com/ChainSquare
About Square Chain Corporation
In March 2018, the Board of Directors elected to shift the Company’s business model to concentrate on business opportunities that might benefit from blockchain technology business applications. Square Chain has designed a multi-faceted business model to take advantage of the significant emerging opportunities being developed utilizing blockchain technology, and to invest in projects that can help define those opportunities. The initial opportunity we have identified is the DRTV industry.
Forward Looking Statements and Disclaimer
Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company's future revenues or results of operations.