LAS VEGAS, April 30, 2018 (GLOBE NEWSWIRE) -- Black Cactus Global (OTCQB:BLGI) (the “Company”) is pleased to provide shareholders and investors with an overview of the Blockchain market landscape and a summary of recent company activities. 

Tech experts from every sector are predicting that Blockchain technology will underpin all future transactions of value. Anticipating those developments, Black Cactus Global is building one of the largest and most talented teams of blockchain developers in the industry.

In Market News, Saudi Arabia’s central bank launched a pilot program to settle payments using blockchain software and IBM is now working with six banks in Europe looking at Blockchain solutions to streamline global trade and identity verification. Further, in the recent annual meeting of TD Bank, President Bharat Masrani stated they were experimenting with where Blockchain technology could apply to their business, particularly for improvement in trade finance and international payments.

Support for investment into Blockchain was recently voiced by Billionaire Tech venture capitalist, Tim Draper. In an interview on April 12th with the San Mateo Daily Journal Mr. Draper delivered an unwavering endorsement for both cryptocurrencies, like Bitcoin, and Blockchain Technology, stating “The Blockchain is one of the most transformational technologies that has happened in the history of the world.” Draper predicts that Blockchain will transform finance, healthcare and many other industries.

Black Cactus Global Company Chairman Harp Sangha along with the Board of Directors recently completed a five-week multi-continent corporate presentation tour within North America, Asia and Western Europe.  A significant number of business presentations were delivered to a variety of organizations in the Healthcare, Retail, Financial Services, Logistics and NGO sectors.  Your Company leaders, their corporate development know-how and business proposals were well received at every presentation. 

As a result, four organizations of significant size, all leaders in their sectors, have now requested detailed proposals from Black Cactus for Blockchain solutions capable of supporting substantial portions of their operations. The Company staff is now producing the requested materials and it is expected that the proposals will be delivered over the next 4 to 8 weeks.

Harp Sangha commented, “We are very excited with the reception we have received.  There is significant demand for Blockchain solutions that are cost effective, efficient and hyper-secure across a wide array of industries. The proposals which we are about to submit will potentially generate substantial revenue.”

The company has also accepted the resignation of Lawrence Cummins as CDO effective immediately.

About the Company

Black Cactus Global is a technology development company with a focus on Blockchain, machine learning and the Internet of Things.  We partner with large corporations and specialised groups on global development and consulting projects in our key development areas of Fintech, digital media, financial services, cyber security, and healthcare.

Our mission is to pioneer the application of Blockchain and overlapping technologies to protect IP and the security of data and financial transactions.

For further information please visit our website at:  www.blackcactusglobal.com

Investor Relations: 

Company Contact:  Louis Silver
Tel: 1-610-710-1303 • Email: lsilver35@verizon.net; louis@blackcactusglobal.com

Safe Harbor Statements
Certain information contained in this news release constitutes “forward-looking statements” as such term is used in applicable United States and Canadian laws. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates”, “intends” or “believes”, or that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, or “be achieved”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the SEC. Such risks and other factors include, among others, the ability to locate and acquire suitable interests in alternative medicine manufacturing operations on terms acceptable to the Company, the availability of financing on acceptable terms, accidents, labor disputes, acts of God and other risks of the alternative medicine industry including, without limitation, delays in obtaining governmental approvals or permits, title disputes or claims limitations on insurance coverage. The Company believes that the expectations reflected in the forward-looking statements included in this news release are reasonable; however, no assurance can be given that these expectations will prove to be correct, and such forward-looking statements should not be unduly relied upon. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.