Louied91
2 months ago
$BULT Bullet Blockchain Announces 2023 Financial Results
https://www.newmediawire.com/news/bullet-blockchain-announces-2023-financial-results-7074449
Bullet Blockchain is actively seeking to hire CFO and marketing professionals in preparation of a ramp up in growth throughout 2024 into 2025
RENO, NV - (NewMediaWire) - April 29, 2024 - Bullet Blockchain, Inc. (“BULT” or the “Company”) (OTC: BULT), a pioneering software development and SaaS company at the forefront of blockchain and Bitcoin ATM technologies, is delighted to report that its fourth-quarter gross revenue has exceeded its forecasted preliminary fourth quarter revenue estimates of $740,000 by more than 10%, closing out the year with $819,000 for that period. This brings the Company’s annual gross revenue to just over $1,685,000, once again beating expectations for the year.
“Our Bitcoin ATMs have significantly outperformed and delivered a much better fourth quarter than we first thought. The anticipation surrounding Bitcoin ETFs and the upcoming Bitcoin halving, very likely buoyed a favorable environment to close out 2023 and set an exciting course for 2024. We are strongly optimistic for what this year will bring Bullet Blockchain’s business and its shareholders,” commented Simon Rubin, Chief Executive Officer of Bullet Blockchain.
Recruitment Drive and Operational Expansions
As part of its expansion strategy, Bullet Blockchain is actively seeking to hire a Chief Financial Officer, as well as marketing experts, both with backgrounds in cryptocurrency to join the team. Considering the Company just recently announced deploying an additional 10 licensed Bitcoin ATMs and its retention of Bryan Lindsey as its Global Strategist, management firmly believes now is the time for such recruitment; especially given the plans the Company has for growth over the next 24 months.
Interested candidates are encouraged to apply. Please send your resume to: jobs@bulletblockchain.com.
Licensing and Intellectual Property Developments
Bullet Blockchain continues to advance its licensing initiatives, offering operators and manufacturers a variety of partnership models including transaction-based fees and revenue-sharing opportunities centered around its intellectual property. As previously announced, BULT acquired First Bitcoin Capital LLC, which owned an intellectual property portfolio consisting of the rights to two Bitcoin ATM patents, becoming the owner and licensor of these valuable assets. By virtue of its subsidiary First Bitcoin Capital LLC, BULT’s intellectual property includes the ownership and the exclusive rights to US Patent Nos. US9135787B1 “Bitcoin kiosk/ATM device and system integrating enrollment protocol and method of using the same” (US9135787B1) and US10332205B1 “Bitcoin kiosk/ATM device and system and method of using the same” (US10332205B1), respectively. The combined patents acquired by BULT are critical for Bitcoin ATM networks to operate.
Louied91
3 months ago
Bullet Blockchain Deploys an Additional 10 Licensed Bitcoin ATMs
https://www.globenewswire.com/news-release/2024/03/19/2848462/0/en/Bullet-Blockchain-Deploys-an-Additional-10-Licensed-Bitcoin-ATMs.html
Bullet Blockchain retains Bryan Lindsey to serve as Global Strategist
RENO, NV, March 19, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Bullet Blockchain, Inc. (“BULT” or the “Company”), (OTC: BULT), a pioneering software development and SaaS company at the forefront of blockchain technologies and Web 3.0, proudly announces the successful deployment of an additional 10 licensed Bitcoin ATMs across the State of Georgia as part of the Company’s planned deployment in the peach state.
As previously announced, as part of the Company’s strategic transaction to acquire a fleet of Bitcoin ATMs, BULT successfully deployed 10 of those kiosks during the 4th quarter 2023. With the addition of these 10 Bitcoin ATMs, BULT has now satisfied the majority of its initial phase of deployment of Bitcoin ATMs in Atlanta, increasing the Company’s revenue potential and visibility in the Georgia marketplace while extending its cryptocurrency offerings and improving accessibility of digital assets for the Georgia residents through licensed Bitcoin ATMs.
Additionally, Bullet is pleased to announce that the Company has retained the services of Bryan Lindsey to serve as the Global Strategist for Bullet Blockchain. Aiming to establish a global footprint by the end of 2024, “we believe that Bryan, who has proven himself as a seasoned global entrepreneur with experience in strategic and operational efficiencies, will be an invaluable part of this team as we move forward in our expansion efforts,” stated Simon Rubin, Chief Executive Officer of BULT.
Mr. Lindsey has spent the last 25 years in the hospitality, integrated resort gaming, an e-gaming & sports betting industries. Most notably, Mr. Lindsey was the President of Red Rock Resort, capping off his 20 plus year operational and development career with Frank and Lorenzo Fertitta and their Red Rock Resorts Gaming Enterprise. Mr. Lindsey was instrumental in the local and National expansion of the publicly traded gaming conglomerate and actively involved with the openings of over $6B of gaming development. This includes Green Valley Ranch Resort, Thunder Valley, Gun Lake, Red Rock Resort, Graton Rancheria and PALMS, which were among numerous take-overs, mergers and renovation projects in the Las Vegas Valley that have become strong EBITDA producing assets in the Red Rock Resorts portfolio.
Mr. Lindsey is also a strategic advisor for an online gaming platform powered by a robust portfolio of over 40 patents and has a strong B2B licensing strategy background. Mr. Lindsey emphasized, “I am excited to work with the Bullet Blockchain team and I can envision significant business opportunities over many different verticals, especially with the patents Bullet Blockchain currently holds in its portfolio. I believe that over the next twenty-four months, we are going to see a major transformation and convergence of various industries whereby Bullet Blockchain could potentially emerge as a leader.”
As previously announced, BULT acquired First Bitcoin Capital LLC, which owned an intellectual property portfolio consisting of the rights to two Bitcoin ATM patents, becoming the owner and licensor of these valuable assets. By virtue of its subsidiary First Bitcoin Capital LLC, BULT’s intellectual property includes the ownership and the exclusive rights to US Patent Nos. US9135787B1 “Bitcoin kiosk/ATM device and system integrating enrollment protocol and method of using the same” (US9135787B1) and US10332205B1 “Bitcoin kiosk/ATM device and system and method of using the same” (US10332205B1), respectively. The combined patents acquired by BULT are critical for Bitcoin ATM networks to operate. BULT plans to introduce several licensing programs for Bitcoin ATM manufacturers, which will include a per-transaction licensing fee, revenue share, or partner program with Bitcoin ATM owner-operators. As previously announced, BULT has retained counsel to target unlicensed Bitcoin ATM operators and manufacturers. The Company will continue to pursue unlicensed Bitcoin ATM operators and manufacturers violating the Company’s Bitcoin ATM intellectual property portfolio.
Louied91
5 months ago
$BULT Bullet Blockchain Announces Purchase of Bitcoin ATM Network in South Florida as First Step of 2024 Nationwide Expansion
https://www.globenewswire.com/news-release/2024/01/09/2806213/0/en/Bullet-Blockchain-Announces-Purchase-of-Bitcoin-ATM-Network-in-South-Florida-as-First-Step-of-2024-Nationwide-Expansion.html
Bullet Blockchain Has an Immediate Presence in Two States
RENO, NV, Jan. 09, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Bullet Blockchain, Inc. (“BULT” or the “Company”), (OTC: BULT), a pioneering software development and SaaS company at the forefront of blockchain and Bitcoin ATM technologies, proudly announces its next significant milestone: the successful purchase of a network of 40 Bitcoin ATMs located in South Florida as the next stage of BULT’s planned deployment and branding. This purchase is part of a larger expansion plan and a testament to BULT’s continuous efforts to innovate and lead in the rapidly evolving digital currency landscape.
“South Florida is an important market and a key component to our overall strategy. We now have a presence in two states, and we are looking to expand rapidly,” stated Simon Rubin, Chief Executive Officer of BULT. As previously announced, BULT recently completed a strategic transaction to acquire a portfolio of Bitcoin ATMs and completed the successful deployment of 10 licensed Bitcoin ATMs across the state of Georgia as the first stage of its planned deployment and branding of 30 Bitcoin ATM kiosks. Simon Rubin continued, “We continue to believe that 2024 presents a significant opportunity for Bullet Blockchain and our shareholders.”
BULT continues to pursue licensing programs for operators and manufacturers, which include a per-transaction licensing fee, revenue share, or partner programs involving BULT’s intellectual property. As previously announced, BULT acquired First Bitcoin Capital LLC, which owned an intellectual property portfolio consisting of the rights to two Bitcoin ATM patents, becoming the owner and licensor of these valuable assets. By virtue of its subsidiary, First Bitcoin Capital LLC, BULT’s intellectual property includes the ownership and the exclusive rights to US Patent Nos. US9135787B1 “Bitcoin kiosk/ATM device and system integrating enrollment protocol and method of using the same” (US9135787B1) and US10332205B1 “Bitcoin kiosk/ATM device and system and method of using the same” (US10332205B1), respectively. The combined patents acquired by BULT are critical for Bitcoin ATM networks to operate. As previously announced, BULT has retained counsel to target unlicensed Bitcoin ATM operators and manufacturers. The Company will continue to pursue unlicensed Bitcoin ATM operators and manufacturers violating BULT’s intellectual property portfolio.
To receive email alerts and to stay informed on Bullet Blockchain in your inbox, click here.
Louied91
6 months ago
$BULT Bullet Blockchain Announces Preliminary Fourth Quarter Revenue Results and Comments on 2024 Outlook
https://www.globenewswire.com/news-release/2023/12/28/2801676/0/en/Bullet-Blockchain-Announces-Preliminary-Fourth-Quarter-Revenue-Results-and-Comments-on-2024-Outlook.html
Bullet Blockchain’s subsidiary, First Bitcoin Capital LLC, continues to pursue unlicensed violators of Bullet Blockchain’s Intellectual Property
RENO, NV, Dec. 28, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -?Bullet Blockchain, Inc. (“BULT” or the “Company”) (OTC: BULT), a pioneering software development and SaaS company at the forefront of blockchain and Bitcoin ATM technologies, proudly announces a significant milestone: preliminary 2023 fourth quarter gross revenue will likely exceed $740,000.
“We delivered a solid fourth quarter which is reflective of our acquisition strategy and improved Bitcoin pricing. While the upcoming Bitcoin halving and anticipated trading of a Bitcoin ETF is lifting the market in the short term, we are seeing the cryptocurrency environment continue to improve and anticipated demand for our products and services growing exponentially in 2024. We are also pleased to provide our financial outlook for 2024, reflecting continued growth as we execute our strategic expansion plan. As we look ahead to 2024, we see significant opportunities in our industry to innovate and solve some significant industry challenges relating to our Bitcoin ATM patent strategy,” stated Simon Rubin, Chief Executive Officer of BULT.
As previously announced, BULT recently completed a strategic transaction to acquire a portfolio of Bitcoin ATMs and completed the successful deployment of 10 licensed Bitcoin ATMs across the state of Georgia as the first stage of its planned deployment and branding of 30 Bitcoin ATM kiosks. Simon Rubin continued, “We have come a long way however, with the partnerships that we have created in a very short period of time, we believe that 2024 will likely be the most significant year for Bullet Blockchain in its history and the monetization of Bullet’s Bitcoin ATM patents could be a game changer in the short and long term.”
The Company is providing an estimated revenue guidance of $4 - 4.25 million for the fiscal year 2024.
The Company will not provide guidance on EBITDA or net profits at this time as the Company continues to invest heavily in its operations and infrastructure.
The Company anticipates the royalty revenues to steadily increase throughout 2024 from the licensing of its Bitcoin ATM patents.
BULT continues to pursue licensing programs for operators and manufacturers, which include a per-transaction licensing fee, revenue share, or partner programs involving BULT’s intellectual property. As previously announced, BULT acquired First Bitcoin Capital LLC, which owned an intellectual property portfolio consisting of the rights to two Bitcoin ATM patents, becoming the owner and licensor of these valuable assets. By virtue of its subsidiary First Bitcoin Capital LLC, BULT’s intellectual property includes the ownership and the exclusive rights to US Patent Nos. US9135787B1 “Bitcoin kiosk/ATM device and system integrating enrollment protocol and method of using the same” (US9135787B1) and US10332205B1 “Bitcoin kiosk/ATM device and system and method of using the same” (US10332205B1), respectively. The combined patents acquired by BULT are critical for Bitcoin ATM networks to operate. As previously announced, BULT has retained counsel to target unlicensed Bitcoin ATM operators and manufacturers. The Company will continue to pursue unlicensed Bitcoin ATM operators and manufacturers violating BULT’s intellectual property portfolio.
Louied91
6 months ago
"Bullet Blockchain (OTC: $BULT ) Bolsters Presence, Strategic Acquisition Deploys 10 Bitcoin (BTC) ATMs in Georgia"
https://www.marketscreener.com/quote/stock/BULLET-BLOCKCHAIN-INC-120787282/news/Bullet-Blockchain-OTC-BULT-Bolsters-Presence-Strategic-Acquisition-Deploys-10-Bitcoin-BTC-ATM-45617310/
Bullet Blockchain Inc. (OTC: BULT), a leading software development and SaaS company, is at the forefront of blockchain technologies and the Web 3.0 landscape. On December 18, the company proudly shared its success in installing 10 licensed Bitcoin (BTC)(XBT) ATM machines in Georgia. This achievement marks the initial phase of Bullet Blockchain Inc.'s strategic initiative to establish and deploy a total of 30 Bitcoin ATM kiosks as part of its broader branding efforts.
Bullet Blockchain (OTC: BULT) has successfully finalized a strategic deal involving the acquisition of a portfolio that includes Bitcoin (BTC)(XBT) ATMs. In its official announcement, the company expressed enthusiasm for expanding its cryptocurrency services and enhancing digital asset accessibility for residents of Georgia. The incorporation of the company's intellectual property portfolio into these Bitcoin (BTC)(XBT) ATMs resulted in the establishment of the first licensed network of Bitcoin ATMs in North America.
Bullet Blockchain (OTC: BULT) stands out as one of the limited publicly traded Bitcoin (BTC)(XBT) ATM companies. The company has achieved success in establishing and introducing Bullet ATMs to meet the increasing demand for this service. Bitcoin (BTC)(XBT), the largest cryptocurrency in terms of market capitalization, continues to surge in popularity as a sought-after asset.
In this context, Bitcoin ATMs offer an uncomplicated avenue for individuals to engage in the expanding cryptocurrency sphere. The opportunity in Atlanta, Georgia, appears significant, given the widespread interest in Bitcoin (BTC)(XBT) among diverse communities in the metropolitan area. The company's initiative coincided with a period of escalating demand for seamless cryptocurrency transactions.
As stated in its official announcement, the company declared that Bitcoin (BTC)(XBT) ATMs are convenient, user-friendly, and secure, facilitating the purchase and sale of Bitcoin with cash. These transactions typically finalize within minutes, bridging the gap between digital assets and traditional fiat currencies.
Given the ongoing trend of increasing cryptocurrency adoption, Bitcoin (BTC)(XBT) ATMs may be poised for a promising future. The company also emphasized that Bullet ATMs had emerged as the popular option for Bitcoin (BTC)(XBT) transactions. Bullet Blockchain Inc.'s (OTC: BULT) stock has reached a 52-week high of $0.32 and is presently trading at $0.0363, positioning it as a stock to monitor now and in the near future.
Louied91
6 months ago
$BULT Bullet Blockchain Deploys 10 Licensed Bitcoin ATMs
https://www.globenewswire.com/news-release/2023/12/18/2798086/0/en/Bullet-Blockchain-Deploys-10-Licensed-Bitcoin-ATMs.html
Bullet Blockchain’s Subsidiary, First Bitcoin Capital LLC, Continues to Pursue Unlicensed Violators of Bullet Blockchain’s Intellectual Property
RENO, NV, Dec. 18, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Bullet Blockchain, Inc. (“BULT” or the “Company”), (OTC: BULT), a pioneering software development and SaaS company at the forefront of blockchain technologies and Web 3.0, proudly announces a significant milestone: the successful deployment of 10 licensed Bitcoin ATMs across the state of Georgia as the first stage of its planned deployment and branding of 30 Bitcoin ATM kiosks.
As previously announced, BULT recently completed a strategic transaction to acquire a portfolio of Bitcoin ATMs. With this acquisition, BULT is excited to extend its cryptocurrency offerings and improve accessibility of digital assets for the residents of Georgia. The integration of BULT's IP Portfolio into these Bitcoin ATMs establishes the first licensed Bitcoin ATM network in North America. “We are thrilled to be one of the few publicly traded Bitcoin ATM companies, launching and branding the Bullet ATMs to serve the growing demand,” stated Simon Rubin, Chief Executive Officer of BULT. “With Bitcoin continuing to gain traction as an asset class, Bitcoin ATMs provide a straightforward and accessible way for individuals to participate. We see great potential in the Atlanta, Georgia metropolitan area, where diverse communities are increasingly interested in Bitcoin. We are confident that our Bullet ATMs will be well-received within the local community.” This move is in line with the rapidly growing demand for convenient cryptocurrency transactions.
Bitcoin ATMs offer a user-friendly, secure, and convenient means for individuals to buy and sell Bitcoin for cash. Transactions are typically completed within minutes, bridging the gap between traditional fiat currency and digital assets. As cryptocurrency adoption continues to rise, Bitcoin ATMs are poised for a promising future in the United States. Bullet ATMs have become a preferred choice for accessing the Bitcoin market, especially for those seeking alternatives to online brokers or exchanges. Simon Rubin, CEO of BULT, emphasized, “Bullet ATMs provide a practical alternative to online exchanges, making Bitcoin accessible to both seasoned enthusiasts and newcomers alike.”
Bitcoin ATMs have experienced significant growth in the United States, driven by the increasing demand for convenient cryptocurrency transactions. According to the website CoinATM Radar According to CoinATM Radar, there were nearly 27,455 Bitcoin ATMs in the United States and nearly 2,882 Bitcoin ATMs in Canada as of the time of this release. Bitcoin ATMs are becoming increasingly popular, as they offer a convenient way for people to access the Bitcoin market. As the adoption of cryptocurrencies continues to rise, the future of Bitcoin ATMs in the United States appears promising.
As previously announced, BULT acquired First Bitcoin Capital LLC, which owned an intellectual property portfolio consisting of the rights to two Bitcoin ATM patents, becoming the owner and licensor of these valuable assets. By virtue of its subsidiary First Bitcoin Capital LLC, BULT’s intellectual property includes the ownership and the exclusive rights to US Patent Nos. US9135787B1 “Bitcoin kiosk/ATM device and system integrating enrollment protocol and method of using the same” (US9135787B1) and US10332205B1 “Bitcoin kiosk/ATM device and system and method of using the same” (US10332205B1), respectively. The combined patents acquired by BULT are critical for Bitcoin ATM networks to operate. BULT plans to introduce several licensing programs for Bitcoin ATM manufacturers, which will include a per-transaction licensing fee, revenue share, or partner program with Bitcoin ATM owner-operators. As previously announced, BULT has retained counsel to target unlicensed Bitcoin ATM operators and manufacturers. The Company will continue to pursue unlicensed Bitcoin ATM operators and manufacturers violating the Company’s Bitcoin ATM intellectual property portfolio.
Louied91
6 months ago
"Bullet Blockchain Inc. (OTC: $BULT ): Leading the Tech Frontier in Web 3.0, Blockchain, and Bitcoin (BTC/XBT) ATM Patents"
https://www.marketscreener.com/quote/stock/BULLET-BLOCKCHAIN-INC-120787282/news/Bullet-Blockchain-Inc-OTC-BULT-Leading-the-Tech-Frontier-in-Web-3-0-Blockchain-and-Bitcoin--45532797/#:~:text=05%20am%20EST-,Bullet%20Blockchain%2C%20Inc.,BTC%2FXBT
Bullet Blockchain, Inc. (OTC: BULT) a diversified software development and software as a service (SaaS) company, which specializes in blockchain technologies and Web 3.0. The Company, through its wholly owned subsidiary, First Bitcoin Capital, LLC (FBC), is the owner and licensor of two Bitcoin (BTC/XBT) ATM patents.
Reflecting on Bitcoin's (BTC/XBT) resurgence, saw a remarkable climb from $16,605 on January 1, 2023, to a closing value of $43,402 on December 7, 2023, marking a staggering 161.38% year-to-date increase.
Bullet Blockchain's ownership of Bitcoin (BTC/XBT) ATM patents gains added significance. The company holds exclusive rights to the patent titled "Bitcoin Kiosk/ATM Device and System Integrating Enrolment Protocol and Method of Using the Same," identified as United States Patent Number 9,135,787. These rights are vested in Bullet Blockchain through its wholly-owned subsidiary, First Bitcoin Capital LLC.
The mentioned patent relates to cryptocurrency transactions facilitated by a kiosk or Bitcoin (BTC/XBT) ATM, allowing customers to purchase Bitcoin (BTC/XBT) and other cryptocurrencies using credit cards, debit cards, or cash. Additionally, the company, through its subsidiary First Bitcoin Capital, possesses another patent, United States Patent Number 1033220581, titled "Bitcoin Kiosk/ATM Device and System and Method of Using the Same," covering the kiosks themselves. Combining both patents is essential for the seamless operation of Bitcoin (BTC/XBT) ATM machines and their associated networks.
On November 8, the spotlight turned toward the company following an announcement regarding a significant achievement in its patent portfolio. Bullet Blockchain revealed the successful completion of its inaugural patent royalty and licensing agreement with a Bitcoin (BTC/XBT) ATM operating entity. Moreover, the company received its initial payment as stipulated in the agreement.
The company further revealed the introduction of several customized licensing programs designed specifically for manufacturers of Bitcoin (BTC/XBT) ATMs. These programs encompass elements such as revenue sharing, partner initiatives, and licensing fees based on transactions. The press release highlighted that First Bitcoin persisted in addressing the business dealings of unlicensed Bitcoin ATM operators, despite being in contravention of the company's intellectual property portfolio for Bitcoin ATMs.
Louied91
7 months ago
$BULT Bullet Blockchain Receives First Royalty Payment Under Patent Licensing Program
https://www.globenewswire.com/news-release/2023/11/08/2776376/0/en/Bullet-Blockchain-Receives-First-Royalty-Payment-Under-Patent-Licensing-Program.html
Bullet Blockchain’s subsidiary, First Bitcoin Capital LLC, continues to pursue unlicensed violators of Bullet Blockchain’s Intellectual Property
BULT has introduced several licensing programs for Bitcoin ATM manufacturers, which include a per-transaction licensing fee, revenue share, or partner program with Bitcoin ATM owner-operators
RENO, NV, Nov. 08, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire?--?Bullet Blockchain, Inc. (“BULT” or the “Company”), (OTC: BULT), a pioneering software development and SaaS company at the forefront of blockchain technologies and Web 3.0, is pleased to announce that the Company’s subsidiary, First Bitcoin Capital LLC, has executed the first patent license and royalty agreement with a Bitcoin ATM operator and received its first payment under its terms. BULT has introduced several licensing programs for Bitcoin ATM manufacturers, which include a per-transaction licensing fee, revenue share, or partner program with Bitcoin ATM owner-operators. The Company will continue to pursue unlicensed Bitcoin ATM operators and manufacturers violating the Company’s Bitcoin ATM intellectual property portfolio.
Simon Rubin, Chief Executive Officer, commented: “As Bullet Blockchain advances, we look forward to collaborating with Bitcoin ATM owner-operators and assisting their continued operations. Through First Bitcoin Capital’s patent portfolio, we own intellectual property that is enforceable under federal law. As a result, we look forward to working with Bitcoin ATM manufacturers and Bitcoin ATM owner-operators to bring them into compliance in a significant and expanding market.”
As previously announced, BULT acquired First Bitcoin Capital LLC, which owned an intellectual property portfolio consisting of the rights to two Bitcoin ATM patents. By virtue of its subsidiary First Bitcoin Capital LLC, BULT’s intellectual property includes US Patent Nos. US9135787B1 “Bitcoin kiosk/ATM device and system integrating enrollment protocol and method of using the same” (US9135787B1) and US10332205B1 “Bitcoin kiosk/ATM device and system and method of using the same” (US10332205B1) which are extant. The combined patents acquired by BULT are critical for Bitcoin ATM networks to operate. BULT plans to introduce several licensing programs for Bitcoin ATM manufacturers, which will include a per-transaction licensing fee, revenue share, or partner program with Bitcoin ATM owner-operators. As previously announced, BULT has retained counsel to target unlicensed Bitcoin ATM operators and manufacturers.
As the adoption of cryptocurrencies continues to surge, so do the concerns surrounding consumer safety. Unlicensed Bitcoin ATMs have emerged as potential hazards, leaving users vulnerable to illicit activities, fraudulent transactions, and other financial risks. Understanding the paramount importance of consumer protection, Bullet Blockchain has proactively taken this step to safeguard the interests of cryptocurrency enthusiasts. Bitcoin ATMs have experienced significant growth in the United States, driven by the increasing demand for convenient cryptocurrency transactions. According to the website CoinATM Radar, there were nearly 27,456 Bitcoin ATMs in the United States and nearly 2,908 Bitcoin ATMs in Canada as of the time of this release. Bitcoin ATMs are becoming increasingly popular, as they offer a convenient way for people to access the Bitcoin market. As the adoption of cryptocurrencies continues to rise, the future of Bitcoin ATMs in the United States appears promising.
Louied91
8 months ago
$BULT Bullet Blockchain Announces Plans to Uplist BULT’s Common Stock
https://www.globenewswire.com/news-release/2023/10/19/2763255/0/en/Bullet-Blockchain-Announces-Plans-to-Uplist-BULT-s-Common-Stock.html
RENO, NV, Oct. 19, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -?Bullet Blockchain, Inc. (“BULT” or the “Company”) (OTC: BULT), a pioneering software development and SaaS company at the forefront of blockchain technologies and Web 3.0, is pleased to announce the appointment of the Elkana Amitai CPA firm, a Public Company Accounting Oversight Board (PCAOB) auditor, to oversee the Company's financial reporting and compliance efforts as the Company prepares for uplisting its common stock (OTC: BULT:) to the OTCQB market.
The retention of a PCAOB auditor is another strategic move that reinforces the Company’s commitment to transparency, accountability, and maintaining the highest standards of corporate governance. As the company continues to expand and strengthen its presence in the blockchain and Bitcoin ATM industry, the engagement of a PCAOB auditor demonstrates the Company’s dedication to upholding the highest level of financial integrity.
The Company recognizes the significance of robust financial oversight in today's dynamic business environment. By enlisting the services of the Elkana Amitai CPA firm and their experience in PCAOB accounting, the company aims to ensure that its financial statements accurately reflect its operations and strengthening financial position. This appointment underscores the Company’s efforts to maintain trust among its stakeholders, including investors, shareholders, and regulatory bodies.
In addition to this important appointment, BULT is also excited to announce its plans to uplist its common stock to the OTCQB market. This transition reflects the Company’s strengthening financial position, growth prospects, and commitment to providing investors with increased liquidity and transparency. The move to the OTCQB market will enable a broader audience of investors to participate in BULT’s success and growth story.
The Company remains dedicated to its mission of developing innovative blockchain technologies for the Bitcoin ATM industry, and these developments signify its ongoing commitment to excellence and financial transparency. The Company looks forward to a productive partnership with the Elkana Amitai CPA firm and the opportunities that uplisting to the OTCQB market will provide to our stakeholders.”
As previously announced, BULT acquired First Bitcoin Capital LLC, which owned an intellectual property portfolio consisting of the rights to two Bitcoin ATM patents. By virtue of its subsidiary First Bitcoin Capital LLC, BULT’s intellectual property includes US Patent Nos. US9135787B1 “Bitcoin kiosk/ATM device and system integrating enrollment protocol and method of using the same” (US9135787B1) and US10332205B1 “Bitcoin kiosk/ATM device and system and method of using the same” (US10332205B1) which are extant. The combined patents acquired by BULT are critical for Bitcoin ATM networks to operate. BULT plans to introduce several licensing programs for Bitcoin ATM manufacturers, which will include a per-transaction licensing fee, revenue share, or partner program with Bitcoin ATM owner-operators. As previously announced, BULT has retained counsel to target unlicensed Bitcoin ATM operators and manufacturers.
Bitcoin ATMs are becoming increasingly popular, as they offer a convenient way for people to access the Bitcoin market. Bitcoin ATMs allow users to conveniently buy and sell Bitcoin for cash using a free-standing kiosk similar in size to a traditional ATM machine. As the adoption of cryptocurrencies continues to rise, the future of Bitcoin ATMs in the United States appears promising. As such, BULT seeks to bring this growing industry into compliance with, and to cease violating, BULT’s intellectual property.
lesgetrich
9 months ago
BULT had a significant announcement today...
Bullet Blockchain Retains Law Firm to Pursue Unlicensed Violators of The Company’s Bitcoin ATM Intellectual Property
The Law Offices of J.S. Hindi has been retained to target unlicensed Bitcoin ATM operators and seek justice for consumers through litigation against violators
Bullet Blockchain’s Intellectual Property Portfolio is critical for Bitcoin ATM networks to operate and the Company plans to introduce several licensing programs for operators
Unlicensed Bitcoin ATMs have emerged as potential hazards, leaving users vulnerable to illicit activities, fraudulent transactions, and other financial risks
RENO, NV, Sept. 13, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Bullet Blockchain, Inc. (“BULT” or the “Company”), (OTC: BULT), a pioneering software development and SaaS company at the forefront of blockchain technologies and Web 3.0, announces the retention of the esteemed Law Offices of Jibrael S. Hindi, PLLC, South Florida's Premier Consumer Protection Law Firm. The retention aims to collaborate and fortify consumer protection within the realm of cryptocurrency by ensuring that Bitcoin ATM users are shielded from the risks associated with unlicensed Bitcoin ATMs violating BULT’s Bitcoin ATM patents.
As previously announced, BULT acquired First Bitcoin Capital LLC, which owned an intellectual property portfolio consisting of the rights to two Bitcoin ATM patents (the “IP Portfolio”). By virtue of its subsidiary, First Bitcoin Capital LLC, BULT’s IP Portfolio of combined patents are critical for Bitcoin ATM networks to operate. BULT plans to introduce several licensing programs for Bitcoin ATM manufacturers, which will include a per-transaction licensing fee, revenue share, or partner program with Bitcoin ATM owner-operators. As BULT’s first patent was filed in 2014, BULT will also be seeking royalties for past violations.
As the adoption of cryptocurrencies continues to surge, so do the concerns surrounding consumer safety. Unlicensed Bitcoin ATMs have emerged as potential hazards, leaving users vulnerable to illicit activities, fraudulent transactions, and other financial risks. Understanding the paramount importance of consumer protection, Bullet Blockchain has proactively taken this step to safeguard the interests of cryptocurrency enthusiasts.
The Law Offices of Jibrael S. Hindi brings a wealth of experience in consumer protection law, specializing in advocating for the rights of individuals facing issues related to financial services. With a proven track record of success and an unwavering commitment to upholding consumer rights, their collaboration with Bullet Blockchain is a significant stride towards creating a safer environment for Bitcoin ATM users.
"We are thrilled to join forces with the Law Offices of Jibrael S. Hindi to address a pressing concern in the cryptocurrency space," said Simon Rubin, CEO at Bullet Blockchain. "This collaboration exemplifies our dedication to not only providing innovative solutions but also ensuring that our users can engage with our products securely. By working together, we aim to set a new standard for consumer protection in the industry."
Bitcoin ATMs have experienced significant growth in the United States, driven by the increasing demand for convenient cryptocurrency transactions. According to the website CoinATM Radar, there were nearly 29,300 Bitcoin ATMs in the United States and nearly 2,800 Bitcoin ATMs in Canada as of the time of this release. Through the retention of The Law Offices of Jibrael S. Hindi, violators of BULT’s IP Portfolio will be aggressively pursued to bring those unlawful actors into compliance.
The retention and collaboration with The Law Offices of Jibrael S. Hindi reflect Bullet Blockchain's commitment to fostering a secure and transparent cryptocurrency ecosystem. By harnessing a team of industry leading legal experts, the Company aims to set an example for the entire industry, demonstrating the importance of collaboration in mitigating risks and safeguarding consumers.
“Protecting consumers and holding wrongdoers accountable in the financial industry is ingrained in the DNA of the firm,” says Jibrael Hindi, Managing Partner of The Law Offices of Jibrael S. Hindi, PLLC. “As technology and the crypto space advance at such a rapid rate, the skills and knowledge required by consumer protection firms must also be at the forefront of these leaps in technology. Working with Bullet Blockchain, my team will be able to adequately identify consumer risks and have the capability of addressing them from a legal enforcement perspective. My firm takes pride in investing significant resources to position itself as being the go-to firm to handle such tasks.”
About the Bitcoin ATM Industry
Bitcoin ATMs are becoming increasingly popular, as they offer a convenient way for people to access the Bitcoin market. As more people recognize the potential of Bitcoin and seek to participate in the Bitcoin market, the need for accessible on-ramps becomes crucial without relying on online brokers or exchanges. Bitcoin ATMs allow users to conveniently buy and sell Bitcoin for cash using a free-standing kiosk similar in size to a traditional ATM machine. The process is simple and secure, and users can typically complete a transaction in minutes. These automated machines allow individuals to buy or sell Bitcoin using cash, providing a seamless bridge between traditional fiat currency and the world of digital assets. As the adoption of cryptocurrencies continues to rise, the future of Bitcoin ATMs in the United States appears promising.
About Bullet Blockchain
Headquartered in Reno, Nevada, Bullet Blockchain Inc. – common stock is publicly traded on the OTC Markets under the symbol (BULT) – is a diversified software development and SaaS company, specializing in blockchain technologies and Web 3.0, and through its wholly owned subsidiary, First Bitcoin Capital LLC, the owner and licensor of two Bitcoin ATM patents. BULT is committed to driving the innovations needed to shape the future of digital and blockchain-related platforms through digital technology and decentralized blockchain solutions. Management is dedicated to rapid growth and increasing the shareholders’ value.
Shareholders, potential investors, and others should note that we announce material events and material financial information to our shareholders and the public using our website and the social media addresses listed below, as well as in our OTC Markets’ disclosures, press releases, public conference calls, and webcasts. We also use social media to communicate with our email subscribers and the public about BULT, services, and other related information. It is possible that the information we post on social media could be deemed to be material information. Therefore, we encourage shareholders, the media, and others interested in BULT to review the information we post on BULT’s social media channels listed below. This list may be updated from time to time.
Follow us at:
Find BULT news at?http://www.BulletBlockchain.com
Follow BULT news on Twitter @BULT_stock
Follow BULT on Reddit at https://www.reddit.com/r/BULT/
Follow BULT on Facebook at https://www.facebook.com/BulletBlockchainInc/
Follow BULT on LinkedIn at www.linkedin.com/in/bullet-blockchain-inc
Find investor and general information at https://www.otcmarkets.com/stock/BULT/profile
For investor and general information, please email contact@BulletBlockchain.com
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release, and these views could change at some point in the future. However, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking.
Contact us: contact@BulletBlockchain.com
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
williams45
5 months ago
Master-of-Disaster
6 months ago
BlazingStocks
6 months ago
Fishazo
1 year ago
Hot Features
Premium
