TORONTO, Aug. 20, 2018 (GLOBE NEWSWIRE) -- Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN) (FWB: 8BF) is pleased to announce that it has entered into a pre-solution design and ICO (Initial Coin Offering) consulting agreement (the “Agreement”) with Global CPQ. Global CPQ is a US-based company that is focused on revolutionizing the Enterprise CPQ (Configure Price Quote) space by developing a next-generation crypto-compatible Blockchain CPQ and Pricing Intelligence solution. Global CPQ’s aim is to equip sales teams with intelligent software that allows users to “spend less time quoting and more time closing” ( https://www.globalcpq.com/ ).

BCF will provide Global CPQ with the knowledge base to create its ICO and the architecture to begin building blockchain-based platforms; leveraging the Syscoin blockchain. “We are extremely excited about our strategic partnership with the team at Blockchain Foundry,” stated Pete Hogan, CEO of Global CPQ. “Our team has extensive experience in the technology consulting industry, and as a result we have very high standards when it comes to choosing a partner. The team at BCF is truly the best in the industry when it comes to building enterprise blockchain solutions, and their experts consistently deliver well beyond our expectations. We are very excited about the future of Global CPQ and we view this partnership with BCF to be a vital part of our long-term business strategy.”

The Global CPQ Platform is designed to streamline the enterprise business-to-business (B2B) quote-to-cash process and will integrate seamlessly with Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP) systems. Global CPQ’s Syscoin blockchain-based platform utilizes Syscoin’s immutable blockchain technology to provide the platform with quick, seamless transactions, enabling individuals to buy and sell with cryptocurrency or fiat in an encrypted, secure environment.

“We are excited to be assisting Global CPQ with its ICO and blockchain ventures,” stated Sebastian Schepis, CIO of Blockchain Foundry. “We believe we will continue to see businesses migrating towards blockchain-based technology solutions in the coming year, and enjoy having the opportunity to share our knowledge with this great company."

About Blockchain Foundry Inc.

Blockchain Foundry develops and commercializes blockchain-based business solutions and provides consulting services to corporate clients seeking to incorporate blockchain technology in their businesses.

Blockchain Foundry Media Contact Information:

Christopher Marsh Chief Financial Officer (416) 583-1696

About Global CPQ

Global CPQ is building a next-generation crypto-compatible Enterprise Blockchain CPQ solution. The Global CPQ Platform will be powered by Syscoin, integrate seamlessly with CRM and ERP systems, and is designed to streamline the enterprise B2B quote-to-cash process in our growing global crypto economy.

The Global CPQ Platform is a ground-breaking Pricing Intelligence solution that will enable enterprise businesses to price complex product orders for customers using cryptocurrencies. The Global CPQ platform will allow large businesses to store and privately access B2B transaction and contract details by strategically combining the immutable Syscoin blockchain ledger with industry standard secure private data storage systems.

Global CPQ Media Contact Information:

InvestorRelations@globalcpq.com

Forward-Looking Information

Certain portions of this press release contain “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements”, which may not be based on historical fact. Wherever possible, words such as “will”, “plans,” “expects,” “targets,” “continues”, “estimates,” “scheduled,” “anticipates,” “believes,” “intends,” “may,” “could,” “would” or might, and the negative of such expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information.

Forward-looking statements should not be read as guarantees of future events, future performance or results, and will not necessarily be accurate indicators of the times at, or by which, such events, performance or results will be achieved, if achieved at all.  Readers should not place undue reliance on such forward-looking statements, as they reflect management’s current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BCF are inherently subject to significant business, economic, regulatory, competitive, political and social uncertainties and contingencies. Many factors could cause BCF’s actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements.