Canada Markets closed

Helix Announces Tom Thompson as CEO and Changes to the Board

CALGARY, Alberta, Nov. 26, 2018 (GLOBE NEWSWIRE) -- Helix Applications Inc. (HELX.V) (the “Company” or “Helix”) announces that following its recently completed “Change of Business” transaction, Mr. Tom Thompson has been appointed Chief Executive Officer of the Company. Mr. Rufus Round has stepped down from his position as Helix CEO and will remain as a Director with a focus on promoting Helix to the financial and business markets in conjunction with the partnerships the Company plans to develop.

“The new generation of distributed Edge computing at megachain scale will be a truly exciting time for Helix to be deploying its efforts to build applications using this new technology,” commented Mr. Thompson. “There will be many new paradigms of lower cost, more secure computing that Helix will seek to achieve for its future clients.”

Mr. Thompson is the inventor of InterbitTM, the megachain scale blockchain platform being developed by BTL Group Ltd., where he will remain as Chief Technology Officer while the platform is further developed and adapted in response to real world application deployments.  Mr. Thompson’s focus on blockchain style technologies began in 2012 after realizing it is the only path forwards to ultra-reliable systems made of unreliable components.  His vision is to evolve the next generation of the Internet - an Internet that is permanent, perpetual, secure, private, and massively scalable - and the InterbitTM megachain platform is the first available version of this technology, having risen from the failings of the single blockchain cryptocurrency world.  Mr. Thompson is pleased to lead Helix as the first vendor of this new wave of megachain scale applications that will be put in to production using this next generation, post-cryptocurrency technology.

The Company also announces that Max Hinchcliffe, has resigned from the Board of Directors of the Company, but will remain in the Company as a strategic member of the Helix team.

Additional Information

Additional information about the Company and its recently completed “Change of Business” transaction is available on SEDAR at www.sedar.com under the Company’s profile.

HELIX APPLICATIONS INC.

Tom Thompson, CEO
c/o 82 Richmond Street East, Suite 200, Toronto, ON, M5C 1P1
Tel. +1-604-376-7771
tom@helixapps.ca

Cautionary Note Regarding Forward Looking Statements

Certain information set out in this news release constitutes forward-looking information. Forward looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe" and similar expressions. In particular, this news release contains forward-looking statements in respect of among other things, the successful development of blockchain applications, and other matters and other information concerning the intentions, plans and future action of the Company and its technologies and products described herein. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, risk factors set forth in the Company’s most recent management's discussion and analysis, a copy of which is filed on SEDAR at www.SEDAR.com, and readers are cautioned that the risk factors disclosed therein should not be construed as exhaustive. These statements are made as at the date hereof and unless otherwise required by law, the Company does not intend, or assume any obligation, to update these forward-looking statements.