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    <title>360 Blockchain Inc. - Latest Press Releases on ReleaseWire</title>
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      <title>Pressland Announces Commercial Partnership with Membit, Augmented Reality Photo-Sharing App</title>
      <link>http://www.releasewire.com/press-releases/release-3.htm</link>
      <description><![CDATA[<div class="newsleft"><div class="newsbody"><p class="subheadline">Data-licensing deal with Membit Inc. also includes plan to jointly develop commercially available AR-based journalism app</p><p>Vancouver, BC -- (<a rel="nofollow" href="http://www.sbwire.com/">SBWIRE</a>) -- 07/20/2018 --  360 Blockchain Inc.</a> ("360" or the "Company")is pleased to announce that its wholly owned portfolio company Pressland has signed a letter of intent to form a commercial partnership with Membit Inc., maker of the Membit augmented reality (AR) photo-sharing app for iOS. The New York City-based startup will license Pressland&apos;s data to help verify original journalism produced on its platform. <br />
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"Augmented reality is one of the most exciting, fastest-growing sectors in tech," said Pressland&apos;s founder and CEO, Jeff Koyen, "and its applications for media and journalism are only starting to be realized. We&apos;re thrilled that Pressland&apos;s verified directory of working journalists will contribute to Membit&apos;s ongoing innovation in this space."<br />
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Founded as "Yelp for Media" in 2014, Pressland is relaunching this year as a blockchain-powered enterprise platform dedicated to fighting false news and misinformation. Pressland&apos;s unique technology leverages human intelligence via paid microtasking, network analysis of the macro media ecosystem and automated data collection. Planned revenue streams include SaaS products, data licensing, premium memberships, white-label services and transaction fees.<br />
<br />
Membit is the only augmented reality app that allows users to place original content very precisely anywhere in the world without using markers.<br />
<br />
"Our app is ideally suited for enterprising journalists who want to offer more in-depth reporting to their audiences," said Membit&apos;s founder and CEO Jay Van Buren. "By incorporating Pressland&apos;s data into the app itself, we can allow our users to evaluate the reporters&apos; reputations to be sure they&apos;re getting information from someone they trust."<br />
<br />
The two companies are also in discussions to jointly build a commercially available app that uses Membit&apos;s patented AR technology and Pressland&apos;s data to help journalists validate and verify their reporting in the field. Preliminary roadmaps call for this app to be released in early 2019.<br />
<br />
Financial terms of the partnership and app development deal are not yet determined. Planned licensing fees are expected to be based on metered access to Pressland&apos;s API. As part of the deal, Jeff Koyen will join Membit&apos;s advisory board in a non-compensatory role to consult on media-related innovations.<br />
<br />
About 360 Blockchain Inc.<br />
Our Mission: To empower blockchain technologies with capital and experience to create exponential value.<br />
<br />
Company Description: 360 Blockchain Inc. has an all-round view to accelerate the development and application of revolutionary blockchain technologies by investing capital and expertise. We are founded on the belief that blockchain technology, essentially a distributed ledger which is transparent and incorruptible, has the potential to transform the way business is conducted, delivering security, cost savings and efficiency gains not seen before in our internet connected world. 360 Blockchain will be focused upon identifying and empowering blockchain technologies applying to cryptocurrencies, smart contracts, eSports, data management, the internet of things, equity trading, privacy applications and beyond.<br />
<br />
Forward Looking Statements<br />
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management&apos;s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved.  A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.</p><p>For more information on this press release visit: <a rel="nofollow" href="http://www.releasewire.com/press-releases/release-3.htm">http://www.releasewire.com/press-releases/release-3.htm</a></p></div><h2>Media Relations Contact</h2><p>Bill Bongiorno<br />Media Contact<br />Blue Chip PR<br />Telephone: 1-914-533-7065<br />Email: <a rel="nofollow" href="http://www.sbwire.com/press-releases/contact/1014697">Click to Email Bill Bongiorno</a><br />Web: <a rel="nofollow" href="http://www.360blockchaininc.com">http://www.360blockchaininc.com</a><br /></div><div><p><img src="https://cts.releasewire.com/v/?sid=1014697&amp;s=f&amp;v=f" width="1" height="1" alt=""><span></span></p></div>]]></description>
      <pubDate>Fri, 20 Jul 2018 14:51:00 -0500</pubDate>
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      <title>360 Blockchain Expands Cryptocurrency Mining Operation</title>
      <link>http://www.releasewire.com/press-releases/release-3.htm</link>
      <description><![CDATA[<div class="newsleft"><div class="newsbody"><p>Vancouver, BC -- (<a rel="nofollow" href="http://www.sbwire.com/">SBWIRE</a>) -- 11/28/2017 --  <a class="extlink"  target="_blank"  rel="nofollow noopener" title="360 Blockchain Inc" href="https://finance.yahoo.com/quote/code.cn?p=code.cn">360 Blockchain Inc</a>. ("360" or the "Company") announces that SV CryptoLab, the Company&apos;s previously noted proposed acquisition, has expanded its cryptocurrency mining operation to include on-site Bitcoin mining. Cryptocurrency mining is the computationally intense process that allows Bitcoin transactions to be verified and added to the public ledger, called the blockchain, and which results in the release of new Bitcoins.<br />
<br />
"At 360 we are moving quickly to invest capital, and our expertise, into blockchain technologies where our team has identified opportunities to scale operations," said Mr. George Tsafalas, 360 President and CEO. "By initiating the Bitcoin mining operation on-site, our SV CryptoLab target is taking an important step, generating value as it will become a key contributor to the portfolio of early stage blockchain technology companies we are building," added Mr. Tsafalas, 360&apos;s President. <br />
<br />
Silicon Valley-based SV CryptoLab has previously deployed a cloud-based cryptocurrency mining operation that is generating revenue. This new hardware consists of more than 370 ASIC microprocessors and will exclusively mine Bitcoin. The capacity for the mining operation will be substantially increased upon completion of the proposed acquisition by 360 Blockchain Inc. <br />
<br />
Due diligence continues, the proposed acquisition of SV CryptoLab is expected to close in the coming weeks.<br />
<br />
SV CryptoLab provides an adaptable tech environment. During working hours, it&apos;s a cutting-edge facility that is part hacker and part social space and is open to the public — focusing on the development of blockchain technologies, the most promising of which will be funded going forward.  On nights and weekends, the facility&apos;s significant hardware is dedicated to mining cryptocurrency, a computationally intensive process that sits at the heart of Bitcoin and other cryptocurrencies.<br />
<br />
Our Mission: To empower blockchain technologies with capital and experience to create exponential value.<br />
<br />
About 360 Blockchain Inc.<br />
<a class="extlink"  target="_blank"  rel="nofollow noopener" title="360 Blockchain Inc" href="https://finance.yahoo.com/quote/code.cn?p=code.cn">360 Blockchain Inc</a>. has an all-round view to accelerate the development and application of revolutionary blockchain technologies by investing capital and expertise. We are founded on the belief that blockchain technology, essentially a distributed ledger which is transparent and incorruptible, has the potential to transform the way business is conducted, delivering security, cost savings and efficiency gains not seen before in our internet connected world. 360 Blockchain will be focused upon identifying and empowering blockchain technologies applying to crypto-currencies, smart contracts, eSports, data management, the internet of things, equity trading, privacy applications and beyond.<br />
<br />
Forward Looking Statements<br />
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management&apos;s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved.  A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.</p><p>For more information on this press release visit: <a rel="nofollow" href="http://www.releasewire.com/press-releases/release-3.htm">http://www.releasewire.com/press-releases/release-3.htm</a></p></div><h2>Media Relations Contact</h2><p>Joe Bleackley<br />Investor Relations<br />360 Blockchain Inc.<br />Telephone: 778-806-5150<br />Email: <a rel="nofollow" href="http://www.sbwire.com/press-releases/contact/898300">Click to Email Joe Bleackley</a><br />Web: <a rel="nofollow" href="http://www.360blockchaininc.com">http://www.360blockchaininc.com</a><br /></div><div><p><img src="https://cts.releasewire.com/v/?sid=898300&amp;s=f&amp;v=f" width="1" height="1" alt=""><span></span></p></div>]]></description>
      <pubDate>Tue, 28 Nov 2017 12:37:00 -0600</pubDate>
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      <title>360 Blockchain Inc. Announces Execution of Letter of Intent for Proposed Acquisition of Pressland</title>
      <link>http://www.releasewire.com/press-releases/release-3.htm</link>
      <description><![CDATA[<div class="newsleft"><div class="newsbody"><p class="subheadline">Brooklyn-based startup to relaunch as blockchain-powered platform to fight fake news</p><p>Vancouver, BC -- (<a rel="nofollow" href="http://www.sbwire.com/">SBWIRE</a>) -- 11/22/2017 --  <a class="extlink"  target="_blank"  rel="nofollow noopener" title="360 Blockchain Inc" href="https://finance.yahoo.com/quote/CODE.CN?p=CODE.CN">360 Blockchain Inc</a>. ("360" or the "Company") is pleased to announce it has executed a letter of intent to acquire 70% of the media directory and website Pressland (<a class="extlink"  rel="nofollow noopener"  target="_blank"  title="http://press.land" href="http://press.land">http://press.land</a>) from Chaotic Neutral LLC, which letter of intent is subject to closing conditions usual to transactions of this type, including exchange approval. Under the direction of 360&apos;s strategic advisor, Jeff Koyen, Pressland will become a blockchain-powered platform dedicated to debunking fake news.<br />
<br />
"Before &apos;fake news&apos; was a household term, Pressland was already in the business of media transparency," said George Tsafalas, 360&apos;s President. "Today, thanks to the innovative power of blockchain technology and utilizing 360&apos;s expertise and resources we have the unique opportunity to expand Pressland&apos;s mission to debunking fake news and exposing unreliable players in the media."<br />
<br />
Launched in 2015 as "Yelp for Media," Pressland offers a crowd-sourced directory of nearly 20,000 media outlets and professionals. Starting in 2018, Pressland will distribute blockchain-powered tools to the public that expose biased and unreliable media outlets and stories.<br />
<br />
"Pressland is already a fundamentally good idea that&apos;s been popular with media professionals," said Jeff Koyen. "But now that blockchain technology is more accessible and market-proven, it&apos;s a very exciting time to re-envision Pressland as a general-interest, public platform operating on trust and transparency."<br />
<br />
Pressland is fully held by Chaotic Neutral LLC, a Brooklyn-based incubator of media projects founded by Jeff Koyen. With capital from 360 Blockchain Inc., Pressland will relaunch as a blockchain-based media-transparency platform. Plans for an initial coin offering ("ICO") (or, cryptocurrency token offering) are being discussed.<br />
<br />
While no definitive documentation has yet been signed by the parties, and there is no certainty that such documentation will be signed, certain terms of the proposed acquisition include:<br />
<br />
· 360 would acquire 70% of Pressland from Chaotic Neutral LLC, with the option to purchase the remaining 30% within one year&apos;s time.<br />
<br />
· Purchase price to be paid by 360 to Chaotic Neutral LLC equals two tranches of 1,000,000 shares of 360 (subject to receipt of stock exchange approval), with the first 1,000,000 shares paid on closing, and the second upon the exercise of the option to purchase the final 30%.<br />
<br />
· Additionally, USD $250,000 in working capital to be provided by 360 to Chaotic Neutral LLC in two tranches, with USD $125,000 given upon closing, and the balance in 4 months from closing.<br />
<br />
· Using this capital, Pressland will develop blockchain technologies for the Company, enabling the monetization of its R&amp;D efforts.<br />
<br />
· Mr. Jeff Koyen, 360&apos;s strategic advisor and an integral part of the 360 leadership team, will lead Pressland&apos;s advancement.<br />
<br />
· Working with the appropriate regulatory bodies, 360 may decide to stage an ICO to further develop Pressland.<br />
<br />
This proposed investment will be the third of several to empower blockchain technologies with capital and experience to create exponential value.<br />
<br />
About <a class="extlink"  target="_blank"  rel="nofollow noopener" title="360 Blockchain Inc" href="https://finance.yahoo.com/quote/CODE.CN?p=CODE.CN">360 Blockchain Inc</a>.<br />
Our Mission: To empower blockchain technologies with capital and experience to create exponential value. <a class="extlink"  target="_blank"  rel="nofollow noopener" title="360 Blockchain Inc" href="https://finance.yahoo.com/quote/CODE.CN?p=CODE.CN">360 Blockchain Inc</a>. has an all-round view to accelerate the development and application of revolutionary blockchain technologies by investing capital and expertise. We are founded on the belief that blockchain technology, essentially a distributed ledger which is transparent and incorruptible, has the potential to transform the way business is conducted, delivering security, cost savings and efficiency gains not seen before in our internet connected world. 360 Blockchain will be focused upon identifying and empowering blockchain technologies applying to crypto-currencies, smart contracts, eSports, data management, the internet of things, equity trading, privacy applications and beyond.<br />
<br />
Forward Looking Statements<br />
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management&apos;s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.</p><p>For more information on this press release visit: <a rel="nofollow" href="http://www.releasewire.com/press-releases/release-3.htm">http://www.releasewire.com/press-releases/release-3.htm</a></p></div><h2>Media Relations Contact</h2><p>Joe Bleackley<br />Investor Relations<br />360 Blockchain Inc.<br />Telephone: 778-806-5150<br />Email: <a rel="nofollow" href="http://www.sbwire.com/press-releases/contact/896167">Click to Email Joe Bleackley</a><br />Web: <a rel="nofollow" href="http://www.360blockchaininc.com">http://www.360blockchaininc.com</a><br /></div><div><p><img src="https://cts.releasewire.com/v/?sid=896167&amp;s=f&amp;v=f" width="1" height="1" alt=""><span></span></p></div>]]></description>
      <pubDate>Wed, 22 Nov 2017 12:12:00 -0600</pubDate>
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