Carl Data Signs Partnership Agreement with Connected Fintech for Development of Cryptomining Facilities, Predictive Analytics and M2M Transaction Capabilities

VANCOUVER, British Columbia, January 17, 2018 /PRNewswire/ --

All $ are CAD$

CSE: CRL
FSE: 7C5
OTC: CDTAF  

Carl Data Solutions Inc. (CSE:CRL, FSE:7C5, OTC:CDTAF) ("Carl Data" or the "Company"), has signed a service agreement with Connected Fintech Inc. ("Connected") that includes the building of cryptocurrency mining facility; the development predictive analytics and operational metrics for cryptocurrency mining; and the development of breakthrough machine to machine (M2M) transactional capabilities.

Carl Data intends on mining the primary cryptocurrencies including: Bitcoin, Bitcoin Cash, Ethereum and Dash. This mining facility will include both GPU (Ethereum) and the most current ASIC machines to provide versatily allowing several dozen different coins to be mined. Based on current cryptocurrency prices, the Company anticipates that the investment will add gross revenues of $250,000 to Carl Data's annual revenues.

Jay Yu, President and CEO of Connected, "We are excited to partner with Carl Data Solutions in helping them enter the rapidly growing space of cryptocurrency mining and the development of integrating blockchain into the IIoT (Industrial Internet of Things). Connected Fintech is in the process of building out the required infrastructure and hardware needed for Carl's cryptocurrency mining, both offsite and within a portion of Carl's facilities. Cryptocurrency mining is beginning to experience a significant shift into Canada and this mutually beneficial partnership provides long term strategic value for both companies. Carl Data will have the ability to target and mine the most profitable coins (generally Bitcoin and Ethereum). Bitcoin can also be used to purchase other coins as a means to diversify its cryptocurrency portfolio, while also maximizing the amounts accumulated. With application of predictive analytics and machine learning this will be a great opportunity to develop more Fintech specific technological knowledge, while providing an additional revenue stream."

Currently, Carl Data works with a variety of devices, sensors and data sources that are all connected to the IIoT. After working closely for years with hardware vendors, the Company knows the technological needs of the newly emerging data economy. Smart devices and machines will communicate directly - machine to machine (M2M) - to improve operational efficiency, and provide solutions such as Smart Contracts. Carl Data intends to continue to develop the latest and most effective technology in the IIoT space, through their expertise with AI, machine learning and predictive analytics.