VANCOUVER, B.C., March 23, 2018 (GLOBE NEWSWIRE) -- Global Remote Technologies Ltd. (“Global Remote” or the “Company”) (CSE:RGT) (OTCMKTS:RGTZF) (Frankfurt Stock Exchange:GR9) is pleased to announce that it successfully completed its Annual General Meeting (AGM) March 21, 2018 in Vancouver, BC. During the meeting each vote was carried with near unanimous shareholder approval representing a strong confidence in the management and new direction of the company.
Some highlights from the AGM include:
No share rollback planned for the immediate future
While the motion passed, maintaining the flexibility of a potential consolidation in the future, management is pleased to announce that there is no share rollback planned for the foreseeable future.
Trading Status, New Name and Symbol Change to CRYP
The Company is in the final stages of review and expects to resume trading in the near future as “Cryptobloc Technologies Corp.” and with the ticker symbol “CRYP”. These changes will help reflect the increased focus on Blockchain and Cryptocurrency opportunities.
1Linx Acquisition and Handover Completed
The Company has been happy to add the 1Linx platform to our portfolio as we move to become a leader in the Blockchain and Cryptocurrency markets. 1Linx is a profitable company that works directly with one of the largest cryptocurrency exchanges in the world: Coinbase.
Coinbase is a digital currency exchange headquartered in San Francisco, California. They have exchanged over $50 billion in digital and fiat currencies, and have served over 10 million customers. Coinbase brokers exchanges of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin with fiat currencies in 32 countries, and Bitcoin transactions and storage in 190 countries worldwide. Coinbase has most recently made major strides in Europe, as it is the first crypto exchange to obtain a UK BANK account.
The Company will be sharing more exciting news in the coming days.
About Global Remote Technologies
The objective of Global Remote is to develop innovative and forward-looking technologies that improve business practices and reduce operational costs for its clients. The Company is constantly improving its product suite and is investing in blockchain, crypto-security, and crypto-currency systems that are revolutionizing the practices of Global Remote’s clients and partners in all industries. While Global Remote’s evolution began in the energy sector, with technology products developed for the oil and gas industry, Global Remote now continues its commitment to innovation through involvement in multiple markets.
Global Remote operates in rugged locations around the globe, with offices in Canada, Mexico, Oman, and the United States. Global Remote Technologies is a public company, traded in Canada, U.S. and Germany under the symbols CSE: RGT, OTCMKTS:RGTZF and FRA: GR9.
On behalf of the Board of Directors
Neil Stevenson-Moore, CEO
Further information about the Company is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and on its website, www.grtcse.com.
Contact: Brian Biles
Email: brianbiles@cryptobloctech.com
Website: www.grtcse.com
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation. The forward-looking information is based on certain key expectations and assumptions made by the management of the Company, including in regards to the expected benefits of the Company’s acquisition of 1Linx, Canadian Securities Exchange acceptance of the Listing Statement and that the halt on trading in the Common Shares will be lifted upon exchange acceptance of the Listing Statement. Although the Company’s management believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward- looking information because the Company cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release, and the Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.