PKGM - Pocket Games, Inc. Signs 'Crypto' Mining De
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Posted On: 02/06/2018 10:40:47 AM
PKGM - Pocket Games, Inc. Signs 'Crypto' Mining Deal
PKGM Signs its 1st Mining Contract and Announces 50% Authorized Share Reduction
New York, NY -- February 6, 2018 -- InvestorsHub NewsWire -- Pocket Games, Inc. (OTC: PKGM), announces today that, through its newly formed subsidiary PocketChain LLC, it has signed its 1st contract with 'CryptoBits LLC'.
While at the BitCoin Miami Conference in January (https://btcmiami.com/) Pocket Games met with CyptoBits staff. CEO David Lovatt was impressed with their ability not only to manage their specific 'crypto-coin' mining based on trends in the market, but also what he called their 'mining to power output ratio', which far outweighed other companies operating in the same space.
CEO, David Lovatt, commented that "These guys have been operating under the radar for some time to test their equipment and their operating methods. The reports I saw on their output were impressive. That is why I am excited to inform shareholders that we have allocated funds, and if all goes as planned, we see ourselves becoming a significant player in this space with much larger investments into mining operations at PocketChain throughout 2018.'"
He continued "Since announcing we have setup PocketChain LLC to drive our cryptocurrency aspirations forward, I received questions from several shareholders asking about the reverse split that was filed by the company in 2016, and subsequently cancelled by the Board, as well as asking me about the possibility of a reduction in the authorized share capital. At this time, we see no reason to file for a reverse split. Moreover, we are pleased to be able to announce that we have today filed with the State to reduce the authorized share capital by 50%. We believe this reduction, not only shows our commitment to our shareholders, but also a willingness to listen. We are moving forward in this Cryptocurrency venture and will have our ears to the ground with our shareholders."
The Company reminds shareholders that the only source of public information on its activities is either OTCmarkets.com or its own website (www.pocketgamesinc.com).
Shareholders are also asked to find Pocket Games on Twitter (https://twitter.com/PocketGamesInc)
PKGM Signs its 1st Mining Contract and Announces 50% Authorized Share Reduction
New York, NY -- February 6, 2018 -- InvestorsHub NewsWire -- Pocket Games, Inc. (OTC: PKGM), announces today that, through its newly formed subsidiary PocketChain LLC, it has signed its 1st contract with 'CryptoBits LLC'.
While at the BitCoin Miami Conference in January (https://btcmiami.com/) Pocket Games met with CyptoBits staff. CEO David Lovatt was impressed with their ability not only to manage their specific 'crypto-coin' mining based on trends in the market, but also what he called their 'mining to power output ratio', which far outweighed other companies operating in the same space.
CEO, David Lovatt, commented that "These guys have been operating under the radar for some time to test their equipment and their operating methods. The reports I saw on their output were impressive. That is why I am excited to inform shareholders that we have allocated funds, and if all goes as planned, we see ourselves becoming a significant player in this space with much larger investments into mining operations at PocketChain throughout 2018.'"
He continued "Since announcing we have setup PocketChain LLC to drive our cryptocurrency aspirations forward, I received questions from several shareholders asking about the reverse split that was filed by the company in 2016, and subsequently cancelled by the Board, as well as asking me about the possibility of a reduction in the authorized share capital. At this time, we see no reason to file for a reverse split. Moreover, we are pleased to be able to announce that we have today filed with the State to reduce the authorized share capital by 50%. We believe this reduction, not only shows our commitment to our shareholders, but also a willingness to listen. We are moving forward in this Cryptocurrency venture and will have our ears to the ground with our shareholders."
The Company reminds shareholders that the only source of public information on its activities is either OTCmarkets.com or its own website (www.pocketgamesinc.com).
Shareholders are also asked to find Pocket Games on Twitter (https://twitter.com/PocketGamesInc)
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