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Blockchain Foundry and LODE Announce Blockchain Development Agreement

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR RELEASE, PUBLICATION OR DISSEMINATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

TORONTO, Feb. 14, 2019 (GLOBE NEWSWIRE) -- Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN)(8BF.F)(BLFDF), a leading North American Blockchain Development firm, has entered into a blockchain development agreement (the “Agreement”) with the LODE Community, a collectively organized group of like-minded silver enthusiasts with members from more than 90 countries. The Agreement, priced at C$250K is designed to assist the LODE Project (“LODE”) with specific technical expertise, solution design, and development as it relates to the blockchain components of the project.

Following a solution design agreement concluded between the two firms in October, the new Agreement provides LODE with 6 months of BCF’s blockchain development services to assist in the development of the LODE System and its supporting infrastructure.

“It is exciting to be able to work with the Blockchain Foundry team on a deeper level as LODE comes to life.  BCF’s technical expertise with solution design and development in the blockchain arena is exactly what is needed to take LODE to the next level,” said Ian Richard of Interfix Corporation, General Contractor to the LODE Project.

“We are thrilled that LODE has put confidence in our team to deliver this project,” said Marc Nicholson, CSO of BCF. “This engagement provides a win/win solution for both parties and supports the continued alignment between the Syscoin protocol and Blockchain Foundry.”

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 into their businesses.

About LODE

LODE is made up of individuals and organizations working towards the common goal of having silver restored to the monetary system as a means of transacting and conducting business.

An Alliance of Professional Service Providers works collectively to realize the vision and ensure that the LODE Community delivers on its mandate.

The LODE Project and its operating system are not legal entities, and as such are not dependent on any one organization but rather blockchain protocols, merchant interactions, and community engagement for its future success.

LODE Contact Information

Daniela Cambone
LODE Ambassador
info@lode.one

Blockchain Foundry Media Contact Information

Marc Nicholson
Chief Sales Officer
mnicholson@blockchainfoundry.co
(604)644-8767

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.