Trans-Pacific Aerospace Announces $30 Million Init
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NEWS PROVIDED BY
Trans-Pacific Aerospace Company, Inc.
08:45 ET
SAN MARINO, Calif., Feb. 6, 2018 /PRNewswire/ -- Trans-Pacific Aerospace,(TPAC), announces plans to launch a $30 Million ICO via Private Placement to raise capital for electric bike ("ebike" distribution and sales, stock repurchase and strategic acquisitions. TPAC is utilizing the services of ICO Advisory Services (www.icoadvisoryservices.com) to develop its white paper and to launch its Pre-ICO offering. The digital coins or cryptocurrency will be offered via private placement utilizing a public blockchain platform, which will enable investors to purchase the digital coins in cash. The ICO will be offered as a registered security.
TPAC is currently developing blockchain technology and apps that enable utilization of bike rentals and compilation of data to track bike usage and carbon reduction. We believe the blockchain technology will provide useful information to end-users to assist them in obtaining Federal and State funding for green energy and carbon reduction compliance. The ebike ICO will also have a ride-sharing app, allowing people in one locale to travel elsewhere and identify, locate and rent our ebike from a local owner.