World’s first provider of digitized, gold-backed, smart securities, expands corporate leadership team with the appointment of veteran broker and metals and futures expert.

New York, NY -- (ReleaseWire) -- 06/06/2018 -- Orebits Corporation—the first company to utilize blockchain and distributed ledger technologies to digitize unrefined gold claims into a new security and asset class, announced today the appointment of internationally recognized metal futures expert and COMEX Governors Committee Chairman, William Purpura, to the Orebits Corp. Board of Directors.  
 
Orebits CEO, Michael Warren, heralded the appointment as further proof of the company's asset-digitization platform and new asset class, Orebits.AU, being embraced and heralded by leaders throughout the metals futures and fin-tech marketplace.  

"Orebits set out to revolutionize how miners could turn their long-term claims and unrefined reserves into greater short-term liquidity." shared Mr. Warren, "Having an executive of the caliber of Mr. Purpura join our Board, further validates the long-term potential and unique viability of Orebits.AU in the metals and commodities marketplace."

Orebits Executive Director and company spokesperson, Carlos Montoya, had this to add, "You'd be hard-pressed to pick a more qualified leader or more proven executive than Mr. Purpura to help harness and steer the entrepreneurial spirit and incredible marketplace momentum that Orebits is currently experiencing." 

Mr. Purpura's role as on the COMEX Governors included negotiating equity and electronic trading rights for the COMEX members. Purpura began trading metals in 1978, became a COMEX member in 1981 and co-founded one of the largest COMEX brokers, Great Lakes Metals, Inc., whose clients included major bullion banks, fund managers and large professional traders throughout the industry. He was an international advisor to the Shanghai Gold Exchange and was one of the first foreigners to establish trading firms in China. Both COMEX and NYMEX are subsidiaries of the Chicago Mercantile Exchange (CME). 

Montoya concluded, "Mr. Purpura's renowned expertise and his unsurpassed understanding and trading of the global metals markets are proof positive of the incredible talent and visionary leadership Orebits is sure to garner with this exciting appointment."

To learn more, visit Orebits.io today or contact us at 855-967-3248.

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World’s first provider of smart securities, backed by unrefined gold reserves—validated in the form of Orebits.AU—stakes claim to a new direction in corporate leadership, growth in 2018.

New York, NY -- (ReleaseWire) -- 03/12/2018 -- Orebits Corporation (orebits.io)—the first company in the world to digitize claims to unrefined gold reserves, as the underlying asset behind a new financial product class, is proud to introduce Michael Warren, an international force in executive-level team leadership, strategic partnerships, and a proven authority in fundraising across multiple technology sectors, as its new CEO.

According to Carlos Montoya, corporate spokesperson for Orebits Corp., the move coincides with the addition of longstanding Allen & Co. Sun Valley Conference pioneer John 'Jack' Schneider to the company's board of directors.

"These high-level additions to the team reflect the desire and intent of the company's board of directors to energize new growth at Orebits Corp., and further reflect the company's intent to be a recognized leader in the development and greater marketplace positioning of blockchain-based asset-digitization technology over the long haul," Montoya said.

"Mr. Warren brings a proven, entrepreneurial spirit to our legacy of having created a brand new asset class through the digitization process. Very importantly, we're counting on his sharp global management experience in Asia, Europe, Africa and the Americas to assess our capital requirements, and position the firm to grow our client base as we look to broaden our interests.

Similarly, Montoya had strong words of praise for the company's latest, and perhaps greatest, addition to its board of directors.

"Jack Schneider's reputation is legendary and for good reason, he's the individual that effectively founded and created the now widely celebrated Allen & Co. Sun Valley Conference, an event that some have called a summer camp for billionaires,' Montoya explained. "Each year, the list of notable people who attend reads like a 'who's who' of Hollywood and the media business in general."

"It simply stands to reason that when the names on the guest nameplates read as Bill Gates, Jeff Bezos, and Warren Buffet, you have clearly earned a level of well-established trust with the world's most influential people. This will ultimately shine a bright light on the vast potential and marketplace for Orebits Corp., as Orebits plans its product proliferation phase, " says Montoya. "Mr. Schneider, through his 35 years in building high-level industry relationships, corporate visibility, and record of professional achievement in general, has managed many businesses through this rapid growth phase. In conjunction with the addition of Mr. Warren, we could not be prouder or more pleased in announcing these very strategic additions to our organization."

To learn more, visit Orebits.io today or contact us at 855-967-3248.

For more information on this press release visit: http://www.releasewire.com/press-releases/orebits-corp-introduces-new-ceo-michael-warren-appoints-jack-schneider-former-allen-company-executive-and-renowned-media-summit-creator-to-board-of-directors-944650.htm

Provider of Blockchain-Based Asset Digitization Services Announces the Creation of One of the Industry’s First, Fully-Transparent, and Fully-Disclosed Gold-Backed Crypto Assets

New York, NY -- (ReleaseWire) -- 10/16/2017 -- Orebits Corp., a provider of blockchain-based asset digitization services for owners of reserves of unrefined minerals, metals, and un-extrapolated commodities, announces the creation of an entirely new asset class, referred to as "Orebits.AU," that allows for the inherent value found in unrefined gold reserves to be released and positioned for investment, financial leverage, liquidity and balance sheet enhancement.

Given the volatility of the current crypto-currency marketplace, inclusive of both real and perceived market constraints surrounding the growing number of initial coin offerings (ICOs), Orebits Corp. has co-developed a fully-compatible product "ecosystem" that will allow for balance sheet capture, accounting for, pledge, hypothecation, re-hypothecation, internal-external audit and management reporting on Orebits.AU as an entirely new asset class. This ecosystem incorporates a number of highly respected entities and concerns in the crypto-technology, cyber-security, distributed ledger, financial audit, compliance and treasury management sectors.

"Our primary goal was to not only create and fully support a new and efficient way to monetize reserves," explains Orebits Corp. Executive Director and spokesperson, Carlos Montoya, "but to develop a top-tier, institutional-grade, asset class, inclusive of the underlying product infrastructure to support it."

Each Orebits.AU derives its value from in-situ and all other unrefined gold reserves that have been deposited as collateral into Orebits Pool, LLC a special purpose vehicle (SPV). Reserve owners seeking the issuance of Orebits.AU for their reserves, work with the Company to evaluate and document their reserves. Requisite Security Agreements, recorded UCC filings, collateral custody and maintenance agreements covering the included reserves support the SPV pool. The underlying gold reserves serve to collateralize each Orebits.AU in circulation at a 5 to 1 ratio. The appraised value of the unrefined gold reserves in the SPV pool sets forth a benchmark valuation of the collateral underpinning Orebits.AU, the latter of which may be further employed by reserve owners in order to secure various types of financing structures, institutional loan agreements and/or individual or corporate balance sheet enhancements.

The use of Orebits.AU, with its exclusively licensed distributed ledger technology for the gold vertical, allows reserve owners to capture and utilize the inherent value in their reserves, subject to their ability to monetize the Orebits.AU units issued to them upon digitization of their claims.

"Given the extreme volatility currently being experienced in the cryptocurrency marketplace, we felt it prudent to take the extra legal steps and vigorously follow a disciplined course of product development to make Orebits.AU one of the world's first fully transparent, reserve-backed, crypto assets," said Orebits CEO Scott Mehlman. "Doing so allows Orebits.AU, among other lending, balance sheet, or estate planning purposes, to be considered as an 'acceptable collateral' asset class for bank platform lending and financial planning programs."

While the current focus of Orebits Corp. remains centered on gold, its patent-pending technology is applicable to a broad range of in-situ or un-extrapolated reserves including, but not limited to, platinum, titanium, lithium, copper and/or liquid assets such as oil and gas reserves.

For more information on this press release visit: http://www.releasewire.com/press-releases/orebits-corporation-inc-announces-orebits-pool-llc-and-orebitsau-eco-system-877162.htm