TORONTO, Nov. 18, 2019 (GLOBE NEWSWIRE) -- Graph Blockchain Inc. ("Graph" or "Company") (CSE: GBLC) is pleased to provide an update on operations and the previously announced strategic review process.
The Company has been awarded a contract to provide blockchain solutions for the Ministry of Transportation in Seoul Korea. The solutions will focus on containing traffic and security camera data and as a result will provide safe data storage and efficiencies for the Ministry. The size of contract is approximately $80,000.
“The company continues to explore strategic opportunities that will allow it to utilize its blockchain technology in new sectors. The goal remains to diversify the company’s exposure and revenue providing shareholders with reduced market risk,” says Jeffrey Stevens, Interim CEO of the Company.
About Graph Blockchain Inc.
The Company develops leading-edge private blockchain business intelligence and data management solutions. Graph leverages its proprietary integration of the AgensGraph Database engine with Hyperledger Fabric to create a transparent and immutable ledger with near real-time transactional data processing and intuitive data visualization.
Additional Information on the Company is available at: www.graphblockchain.com
For further information, please contact:
Jeffrey Stevens – Interim CEO
Phone: (647) 777-7974
Email: jstevens@graphblockchain.com
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements. Such statements may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.