VANCOUVER, British Columbia, Nov. 22, 2018 (GLOBE NEWSWIRE) -- BLOK Technologies Inc. ("BLOK Tech" or the "Company") (CSE: BLK) (OTC: BLPFF) (FRANKFURT: 2AD) today announces the resignation of Dr. Lui Franciosi as a Director and Chairman of BLOK Tech effective immediately. At this time the Company will remain with a vacancy on the board until a suitable replacement is found.
The board and management of BLOK Tech expresses their gratitude to Mr. Franciosi for his efforts and contributions to the Company and wish him well in his future endeavors.
Rob Dawson, Chief Executive Officer of BLOK Technologies, said, "I, along with all my board members and management of the Company, thank Dr. Franciosi for his leadership on BLOK Tech and for his contributions and wish him all the best in the future."
About BLOK Technologies Inc.
BLOK Technologies Inc. is a public company that invests in and develops emerging companies in the blockchain technology sector. The Company’s approach is to provide capital, technology and management expertise to the companies it develops. BLOK Tech’s Greenstream technology platform is designed to effectively manage value transfer, supply chain integrity and identity verification in complex and highly regulated industries. This scalable and adaptable platform is being developed on the Hyperledger technology stack and with the support of Oracle Cloud infrastructure. BLOK Tech continues to grow its business into adjacent industries and emerging technologies. The Company systematically identifies early-stage technologies with potential to disrupt and innovate within their industry and invests the necessary resources to ensure the success of their projects.
For additional information regarding BLOK Technologies and other corporate information, please visit the Company's website at BLOKTECHINC.COM
ON BEHALF OF THE BOARD OF DIRECTORS
“Robert Dawson”
President & CEO
For further information, please contact:
James Hyland, B.Comm.
Vice President Corporate Development, Director
(604) 442-2425
jamie@bloktechinc.com
Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the company can fulfill such forward-looking statements and the company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the company, some of which are beyond the company’s control.