TORONTO, Jan. 03, 2019 (GLOBE NEWSWIRE) -- via NetworkWire - Pacific Software, Inc. (OTC: PFSF) (“Pacific Software” or “the Company”), an emerging development technology corporation positioned for investments, mergers and acquisitions of software technologies and platforms, today announces that its BOAPIN e-commerce trade platform will be ready to register new buyers and sellers within the first quarter of 2019.
BOAPIN (www.boapin.com) facilitates cross-border commodities trading for sectors highly reliant on supply chain transparency, accountability and efficiency. The platform’s capabilities will enable buyers and sellers to achieve economies of scale and tap into opportunities and functionalities not readily available with current supply chain solutions. BOAPIN’s features include multi-lingual communication, product certification, marketing, logistics, commodities search/match interface, trade finance and customs clearance, and cross-border payment solutions.
“As global economies explore strategies to improve cross-border data infrastructure, Pacific Software is creating smart contract technology that integrates important functionalities for seamless global supply chain management,” said Pacific Software CEO and Chairman Harrysen Mittler.
Relative to China’s digital Silk Road designed to create “a community of common destiny in cyberspace,” Pacific Software’s goal is to create its own digital silk road to facilitate trade between China and Brazil, with future plans to expand to all of Latin America and then globally.
About Pacific Software
Pacific Software, Inc. (OTC: PFSF) is an emerging development technology corporation positioned for investments, mergers and acquisitions of software technologies and platforms. The Company is uniquely positioned to deliver B2B and B2C e-commerce blockchain solutions by utilizing IBM's Hyperledger Blockchain "Backend as a Service" (BaaS) Infrastructure. Its platform will improve product traceability and will digitalize the trade process, including product certification, marketing, logistics, trade finance, cross border payment solutions and customs clearance through smart contract technology for global supply chain management.
Forward Looking Statements
Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential," and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Pacific Software. and are difficult to predict. Examples of such risks and uncertainties include but are not limited to whether the Hyperledger blockchain technology solutions will be well received or utilized. Additional examples of such risks and uncertainties include, but are not limited to (i) Pacific Software's ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Pacific Software’s ability to maintain existing, and secure additional, contracts with users of its solutions; (iii) Pacific Software’s ability to successfully expand in existing markets and enter new markets; (iv) Pacific Software’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Pacific Software’s business; (viii) changes in government licensing and regulation that may adversely affect Pacific Software’s business; (ix) the risk that changes in consumer behavior could adversely affect Pacific Software’s business; (x) Pacific Software’s ability to protect its intellectual property; (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent quarterly report on filed by Pacific Software with the Securities and Exchange Commission. Pacific Software anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Pacific Software assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.
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