PKGM news out Pocket Games, Inc. Takes in 48 Minin
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Posted On: 02/28/2018 11:05:57 AM
PKGM news out Pocket Games, Inc. Takes in 48 Mining Units as Pilot BeginsPress Release | 02/28/2018
Pocket Games, Inc. Takes in 48 Mining Units as Pilot Begins
PKGM Heads to New Jersey To Identify Crypto Mining Real Estate for PocketChain
New York, N.Y. (Newswire) February 28, 2018 Pocket Games, Inc. (OTC: PKGM), announces today it has taken delivery of the mining rigs its ordered with their 48 mining units enclosed and the pilot will commence shortly.
Pocket Games, Inc. recently announced that its subsidiary, PocketChain LLC, would deploy a pilot of 48 mining units to test the return on investment of a mining operation with the aim of ramping up to over 2000 mining units across many hundreds of mining rigs. To this end, management is heading to New Jersey in March to identify appropriate warehousing with sufficient clean power to be able to handle an operation of that size.
CEO, David Lovatt, commented that The company re-affirms that our authorized share reduction of 50% is our commitment to shareholders and the remainingshares for issuance are held in reserve for things like Mergers & Acquisitions as we eye a potential crypto-mining roll-up strategy post-pilot with the potential backing of a multi-million dollar fund who are, like us, waiting for the results of the pilot program. Its important for a shareholder to note though that we are on track, on plan and we do what we say we will.
Pocket Games, Inc. is currently developing its PocketChain website to be a mass of information for the Crypto community, both experienced and newcomers. With an expected launch date of July 2018, the website will give consumers the ability to buy their own mining rigs in a crypto-cloud in an easy-on operation that requires zero previous experience in setting up Crypto mining.
The Company previously announced that it had filed with the State of Florida to reduce its authorized share capital by half and this became effective with the state on 16thFebruary. OTCMarkets.com has been updated and are reviewing the submission.
Pocket Games 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)
About Pocket Games, Inc.
Pocket Games, Inc.is an alternative reporting company on the OTC:US market, trading under the symbol PKGM. With a history in developing games and apps for mobile and PCs, Pocket Games is currently branching out into alternate revenue streams.
Forward-Looking Statements
This press release may contain forward-looking statements, including information about management's view of Pocket Games, Inc.s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Pocket Games, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on Pocket Games future results. The forward-looking statements included in this press release are made only as of the date hereof. Pocket Games cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Pocket Games undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Pocket Games.
Contact:invest@pocketgamesinc.com
Web:www.pocketgamesinc.com.com
Pocket Games, Inc. Takes in 48 Mining Units as Pilot Begins
PKGM Heads to New Jersey To Identify Crypto Mining Real Estate for PocketChain
New York, N.Y. (Newswire) February 28, 2018 Pocket Games, Inc. (OTC: PKGM), announces today it has taken delivery of the mining rigs its ordered with their 48 mining units enclosed and the pilot will commence shortly.
Pocket Games, Inc. recently announced that its subsidiary, PocketChain LLC, would deploy a pilot of 48 mining units to test the return on investment of a mining operation with the aim of ramping up to over 2000 mining units across many hundreds of mining rigs. To this end, management is heading to New Jersey in March to identify appropriate warehousing with sufficient clean power to be able to handle an operation of that size.
CEO, David Lovatt, commented that The company re-affirms that our authorized share reduction of 50% is our commitment to shareholders and the remainingshares for issuance are held in reserve for things like Mergers & Acquisitions as we eye a potential crypto-mining roll-up strategy post-pilot with the potential backing of a multi-million dollar fund who are, like us, waiting for the results of the pilot program. Its important for a shareholder to note though that we are on track, on plan and we do what we say we will.
Pocket Games, Inc. is currently developing its PocketChain website to be a mass of information for the Crypto community, both experienced and newcomers. With an expected launch date of July 2018, the website will give consumers the ability to buy their own mining rigs in a crypto-cloud in an easy-on operation that requires zero previous experience in setting up Crypto mining.
The Company previously announced that it had filed with the State of Florida to reduce its authorized share capital by half and this became effective with the state on 16thFebruary. OTCMarkets.com has been updated and are reviewing the submission.
Pocket Games 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)
About Pocket Games, Inc.
Pocket Games, Inc.is an alternative reporting company on the OTC:US market, trading under the symbol PKGM. With a history in developing games and apps for mobile and PCs, Pocket Games is currently branching out into alternate revenue streams.
Forward-Looking Statements
This press release may contain forward-looking statements, including information about management's view of Pocket Games, Inc.s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Pocket Games, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on Pocket Games future results. The forward-looking statements included in this press release are made only as of the date hereof. Pocket Games cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Pocket Games undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Pocket Games.
Contact:invest@pocketgamesinc.com
Web:www.pocketgamesinc.com.com
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