Boca Raton, Fl. February 7, 2019: The Aclyd Project is pleased to announce a Market Member agreement has been executed with the Entrex Capital Market, a Joint Venture between Long Blockchain Corporation (OTC: LBCC) and Entrex, providing a proven and regulatory compliant security and security token trading platform which works exclusively with regulated broker-dealers.
“There’s nothing new under the sun and reinventing the wheel burns both capital and resources. Working with Entrex and their leadership we believe Aclyd’s clients are best served by partnering with proven, regulatory compliant, technology solutions bringing STO’s projects and their accredited investors into the fold of private securities. I am proud to announce the launch of our AclydEX.com platform product.” says The Aclyd Project’s CEO, Jessica Contreras.
The Aclyd Project is a woman led International Business Company based out of Nassau, Bahamas that has made recent headlines with the addition of Jane King (hosts a weekly broadcast from NASDAQ) to their advisory board. As many ventures seem to be soul searching for answers, the Aclyd Project has continued to focus in on providing Blockchain related solutions for problems — while leveraging its diverse leadership, deep network of contacts, and strong business relationships. For this venture, the promise become one of the leading immutable ledgers.”
“Since 2015 when our Broker Dealer managed the Overstock.com’s TIGRcub debt security – the first security to trade on the Blockchain – our efforts have been on building and proving a regulatory compliant blockchain enabled primary and secondary trading platform for various types of securities and security token offerings. We believe our relationship with Aclyd will bring a diverse issuer base of compliant security token offerings using our proven, regulatory compliant, blockchain enabled platform.” suggested Stephen H. Watkins, CEO of the Entrex Capital Market.
Entrex was founded in 2001 as a “capital market system for entrepreneurial companies.” The new joint venture will utilize Entrex’s intellectual properties and blockchain enabled technologies; built and proven over 17 years using IBM’s Domino and Hyperledger technology platforms. The Entrex platform originates, structures, offers, places, trades, settles and services debt and equities of entrepreneurial companies through regulated entities that serve investors and issuers. Working together with industry sector leaders and regulated market constituents allows investors to find, research, track, manage, and trade entrepreneurial securities while providing entrepreneurial companies access to capital. www.EntrexCapitalMarket.com
About Long Blockchain Corp.:
Long Blockchain Corp. is focused on developing and investing in globally scalable blockchain technology solutions. It is dedicated to becoming a significant participant in the evolution of blockchain technology that creates long-term value for its shareholders and the global community by investing in and developing businesses that are “on-chain”. Blockchain technology is fundamentally changing the way people and businesses transact, and the Company will strive to be at the forefront of this dynamic industry, actively pursuing opportunities. Its wholly-owned subsidiary Long Island Brand Beverages, LLC operates in the non-alcohol ready-to-drink segment of the beverage industry under its flagship brand ‘The Original Long Island Brand Iced Tea®’. For more information on the Company, please visit www.longblockchain.com.
Forward Looking Statements:
This press release includes statements of the Company’s expectations, intentions, plans and beliefs that constitute "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to come within the safe harbor protection provided by those sections. These statements, which involve risks and uncertainties, relate to the discussion of the Company’s business strategies and its expectations concerning future operations, margins, sales, new products and brands, potential joint ventures, potential acquisitions, expenses, profitability, liquidity and capital resources and to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. These also include statements relating to the anticipated benefits of the announced transaction between the Company and Entrex. These statements include any statement that does not directly relate to a historical or current fact. You can also identify these and other forward-looking statements by the use of such words as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "thinks," "estimates," "seeks," "predicts," "could," "projects," "potential" and other similar terms and phrases, including references to assumptions. These forward looking statements are made based on expectations and beliefs concerning future events affecting the Company and are subject to uncertainties, risks and factors relating to its operations and business environments, all of which are difficult to predict and many of which are beyond its control, that could cause its actual results to differ materially from those matters expressed or implied by these forward looking statements. These risks include the Joint Venture’s ability to successfully pursue its business plan, the possibility that the Company’s equity interest in the Joint Venture may be diluted as a result of capital raises by the Joint Venture, the possibility that Entrex may have the right to repurchase the previously contributed assets for nominal consideration, the Company’s ability to develop and commercialize new technologies, the Company’s history of losses and expectation of further losses, its ability to expand its operations into blockchain technologies, its ability to develop or acquire new brands, the success of its marketing activities, the effect of competition in its industry and economic and political conditions generally, including the current economic environment and markets. More information about these and other factors are described in the reports the Company files with the Securities and Exchange Commission, including but not limited to the discussions contained under the caption “Risk Factors.” When considering these forward looking statements, you should keep in mind the cautionary statements in this press release and the reports the Company files with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and the Company cannot predict those events or how they may affect it. The Company assumes no obligation to update any forward looking statements after the date of this press release as a result of new information, future events or developments, except as required by the federal securities laws.
For further information:
Long Blockchain Corp.
Stephen H. Watkins
Entrex Capital Market
The Aclyd Project