PKGM Signs its 1st Mining Contract and Announces 50% Authorized Share Reduction New
February 06 2018 - 9:15AM
InvestorsHub NewsWire
Pocket
Games, Inc. Signs 'Crypto' Mining
Deal
PKGM Signs its 1st Mining
Contract and Announces 50% Authorized Share
Reduction
New York, NY --
February 6, 2018 -- InvestorsHub NewsWire -- Pocket Games, Inc.
(OTC:
PKGM), announces today that, through its newly formed
subsidiary PocketChain LLC, it has signed its 1st contract with
'CryptoBits LLC'.
While at the BitCoin Miami
Conference in January (https://btcmiami.com/) Pocket Games met with
CyptoBits staff. CEO David Lovatt was impressed with their ability
not only to manage their specific 'crypto-coin' mining based on
trends in the market, but also what he called their 'mining to
power output ratio', which far outweighed other companies operating
in the same space.
CEO, David Lovatt, commented
that "These guys have been operating under the radar for some time
to test their equipment and their operating methods. The reports I
saw on their output were impressive. That is why I am excited to
inform shareholders that we have allocated funds, and if all goes
as planned, we see ourselves becoming a significant player in this
space with much larger investments into mining operations at
PocketChain throughout 2018.'"
He continued "Since
announcing we have setup PocketChain LLC to drive our
cryptocurrency aspirations forward, I received questions from
several shareholders asking about the reverse split that was filed
by the company in 2016, and subsequently cancelled by the Board, as
well as asking me about the possibility of a reduction in the
authorized share capital. At this time, we see no reason to file
for a reverse split. Moreover, we are pleased to be able to
announce that we have today filed with the State to reduce the
authorized share capital by 50%. We believe this reduction, not
only shows our commitment to our shareholders, but also a
willingness to listen. We are moving forward in this Cryptocurrency
venture and will have our ears to the ground with our
shareholders."
The Company reminds
shareholders that the only source of public information on its
activities is either OTCmarkets.com or its own website (www.pocketgamesinc.com).
Shareholders are also asked
to find Pocket Games on Twitter (https://twitter.com/PocketGamesInc)
About Pocket Games,
Inc.
Pocket Games,
Inc. is an alternative reporting company on the
OTC:US market, trading under the symbol PKGM. With a history of
developing games and apps for mobile and PC's, Pocket Games is
currently branching out into alternate revenue
streams.
Forward-Looking
Statements
This press release may
contain forward-looking statements, including information about
management's view of Pocket Games, Inc.'s future expectations,
plans and prospects. In particular, when used in the preceding
discussion, the words "believes," "expects," "intends," "plans,"
"anticipates," or "may," and similar conditional expressions are
intended to identify forward-looking statements. Any statements
made in this news release other than those of historical fact,
about an action, event or development, are forward-looking
statements. These statements involve known and unknown risks,
uncertainties and other factors, which may cause the results of
Pocket Games, its subsidiaries and concepts to be materially
different than those expressed or implied in such statements.
Unknown or unpredictable factors also could have material adverse
effects on Pocket Games' future results. The forward-looking
statements included in this press release are made only as of the
date hereof. Pocket Games cannot guarantee future results, levels
of activity, performance or achievements. Accordingly, you should
not place undue reliance on these forward-looking statements.
Finally, Pocket Games undertakes no obligation to update these
statements after the date of this release, except as required by
law, and also takes no obligation to update or correct information
prepared by third parties that are not paid for by Pocket
Games.
Contact: invest@pocketgamesinc.com
Web: www.pocketgamesinc.com.com
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