PR.com: Business Directory, Press Releases, Jobs, Products, Services, Articles
 
Businesses Articles Press Releases Follow @PRcom
Press Release Pricing | News by Category | News by Country | News by US Region | Recent News | PR.com News on Your Site
 

Press Releases

 
OBITX, Inc.

Press Release

Share      Blog

Receive press releases from OBITX, Inc.: By Email PDF Version RSS Feeds:

OBITX Sells 420Cloud Software for $1.9 Million


OBITX, Inc., (OTCMKTS: OBTX) a blockchain development and consulting company, announced that it has sold its 420Cloud Social Media Platform to First Bitcoin Capital, Corp., for $1.9 million.

Jacksonville, FL, May 19, 2020 --(PR.com)-- The 420Cloud Social Media Platform has been transferred to First Bitcoin Capital, Inc., (BITCF) in exchange for $500,000 in First Bitcoin (COIN:BIT) cryptocurrency tokens and a two-year secured convertible promissory note of $1,400,000.

Michael Hawkins, OBITX CEO states, “We are pleased to have found a good home for this software, where it will provide its new owner with the necessary tools to expand their current operations. This was the final step of our transition from an advertising and social media company that dabbled in blockchain, to a development and consulting firm in blockchain technologies. The sale of this asset will free the necessary resources in time and cost that will allow us to focus on blockchain software development and partnerships/consulting with other industry leaders.”

“Our goal,” Mr. Hawkins went on to say, “is to emerge as a global leader in blockchain and cryptocurrencies, helping bring this fledgling enterprise to mainstream.”
Contact Information
OBITX, Inc.
Michael Hawkins
321-802-2474
Contact
www.obitx.com

Click here to view the list of recent Press Releases from OBITX, Inc.
Promote Your Business