Atlas Cloud Appoints Blockchain Evangelists to Executive Team

Mathew McKibbon and Timothy Lewis deliver industry depth and expertise to fast growth sector

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| Source: Atlas Cloud Enterprises, Inc.

VANCOUVER, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Atlas Cloud Enterprises Inc. (CSE:AKE) (XFRA:A49) (the “Company” or “Atlas Cloud”) an experienced IT service provider focussed on becoming the lowest cost producer in the blockchain and digital currency mining sector, is pleased to announce the appointment of Mr. Mathew McKibbin as Chief Blockchain Officer, and Mr. Timothy Lewis to the position of Chief Technology Officer.

Mr. McKibbin is the former cofounder and Chief Decentralization Officer at D10E, the world’s leading conference on decentralized technologies, philosophies and social organization. He serves as an advisor to Network Society Labs, Humaniq, Securrency, and Loci and has been involved in several early-stage blockchain start-ups, including Ubiquity, Trive.news, and TheSunExchange. Mr. McKibbin has been a blockchain evangelist since 2013 when he coordinated the DC Blockchain Meetup and was heavily involved in the BitAngels investment group. He went on to work with companies such as BitPay and Factom where he leveraged his growing network to educate the community regarding the potential of decentralized applications. He later went on to co-found Ubitquity, the world's first blockchain-based title transfer company, while also cofounding D10e, the first and leading conference on decentralization. Along with his many advisory roles, he founded DecentraNet in 2017 as a consultancy to provide real world business experience and relevance for nascent blockchain entrepreneurs. Matt is a prolific and sought-after speaker as an expert on decentralization at leading conferences worldwide. He has been featured in dozens of media publications, including Bloomberg, Nasdaq, TechCrunch, CoinDesk, CoinTelegraph, Bitcoin Magazine, and more. Matt received his Bachelor’s of Arts in physics from West Virginia University and currently lives in Washington DC.

Mr. Lewis brings 20 years of corporate infrastructure/security/application design and development experience to Atlas. His core competencies include blockchain/trust-layer/security application development, data center, network, system, security, communications design, development, and deployment. He was previously engaged with system design, trade/data expedition and security for several banks/networks including Northern Trust for communication/security design and migration, and at NewEdge Group during pre-and post-merger efforts for design, security and communication networks. This project encompassed a global multi-asset brokerage formed in 2008 from the merger of Fimat and Calyon Financial, the brokerage arms of French financial companies Société Générale and Credit Agricole, respectively. He also worked with SpiderRock on systems and communication design consulting and automated strategy management platforms. Mr. Lewis began Bitcoin mining within a year of its inception. Commencing operations in 2010, he has earned a deep understanding and expertise in mixed-use mining operations and in driving change towards the next generation of staked mining protocols. He received his education in Computer Information Science at Ohio State University.

Company CEO, Fred Stearman notes, “I can’t stress enough how important an announcement this is for us today. Matt and Timothy bring an extraordinary set of complementary skills within their respective backgrounds in the world of Blockchain enterprise development. They also bring some of the widest and best-connected relationships across this fledgling industry I have ever seen. Needless to say, with so much of this entire sector as fertile ground for innovation, it’s a real pleasure to have what can best be described as ‘industry veterans’ as part of our executive leadership. With Matt’s visionary outlook and Timothy’s technical clarity and depth, we have made a quantum leap forward in our ability to meet our strategic goals and to build real shareholder value in this exciting new industry sector. We are rapidly moving to not only become the lowest-cost producer for digital currency mining, but also one of the most innovative.”

About Atlas Cloud Enterprises Inc.
Atlas Cloud Enterprises Inc. is a growth oriented, CSE-listed company focusing on the business of providing co-location and backup/redundancy IT, telecom equipment and cloud computing. Atlas Cloud will provide customers with secure power access, cooling and bandwidth to ensure co-located, back-up or Cloud systems have minimum risk of failure. Furthermore, Atlas is focussed on the blockchain sector and digital currency mining. Atlas Cloud aims to become the lowest-cost producer for digital currency mining and blockchain infrastructure. Atlas Cloud is acquiring a facility which, it intends to use for digital currency mining, in Electric City, WA which currently offers a dedicated energy source of 3.0 MW and is seeking to significantly expand its operations with the development of additional low-cost energy facilities.

The development of the Company’s business to digital currency mining has been deemed a fundamental change under the policies of the Canadian Securities Exchange. As a result, the Company’s expansion of its business remains subject to the approval of the Company shareholders and the Exchange.

On behalf of the Board,

“Fred Stearman”

Fred Stearman, President & Director

Contact
Atlas Cloud Investor Relations
+1(778) 871-0357
info@atlascloud.ca
www.atlascloud.ca

The CSE does not accept responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

FORWARD LOOKING INFORMATION
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including but not limited to, the future business operations of Atlas Cloud. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward- looking statements. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in the news release are made as of the date of this news release, and the Company does not undertake any obligations to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.