Stockholm IT Ventures AB

STOCKHOLM IT VENTURES AB ACQUIRES WYRIFY FROM CONSORTIUM OF STAKEHOLDERS LED BY NXCHAIN INC - Seite 3

"We are delighted to have Anthony rejoin us. He has been very much at the heart and soul of the business and guided it through some difficult times in the past. We are sure that Anthony will assist the board in guiding the company through what we feel are very exciting times ahead."
-Wayne Lochner, Chairman of Stockholm IT Ventures AB.

As a consequence of the transaction, Stockholm IT Ventures will propose to its members at the next General Meeting to change its name to Wyrify, and may change its ticker code to fully align with its new branding and purpose. Current lines of business may either be continued or sold as a result of the transaction.

Stockholm IT Ventures AB

Stockholm IT Ventures AB heads a technology group currently operating throughout Europe, focussed on the monetisation of e-platforms, social media and e-merchandising. Within the group, Pimboo is based in Estonia and the Ukraine and utilises the skills of some of the most highly experienced e-commerce specialists in Europe to allow users to both create and monetise their e-platforms around the globe. Fantrac Global is the social media division that allows any celebrity, team or franchise from the world of entertainment, music and sport to monetise their existing social media following. It does this through tailored relationships with major brands like Mastercard, Amazon and Dentsu Aegis Corporation and by creating new and unique ways for each celebrity to interact with their fans.

This release contains forward-looking statements based on current experience, estimates and projections of the management board and currently available information. They are not guarantees of future performance. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Many factors could cause the actual results, performance or achievements of Stockholm IT Ventures AB to be materially different from those that may be expressed or implied by such statements. These factors include those discussed in Stockholm IT Ventures AB's public reports. Forward-looking statements therefore speak only as of the date they are made. Stockholm IT Ventures AB does not assume any obligation to update the forward-looking statements contained in this release or to conform them to future events or developments

Stockholm / New York / California, 28 September 2017,
Stockholm IT Ventures AB / NXChain, Inc. / Wyrify team

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emitter: Stockholm IT Ventures AB
address: PO Box 1268, 13128 Nacka Strand
country: Sweden
contact person: Wayne Lochner
phone: [phone]
e-mail: [e-mail]
website: stockholmit.co

ISIN(s): SE0006027546 (share)
stock exchanges: regulated market in Frankfurt; free market in Stuttgart, free market in Munich, free market in Dusseldorf; open market in Berlin

[ source: http://www.pressetext.com/news/20170928034 ]