Articles > Block One Capital Provides Update on Finzat

Block One Capital Provides Update on Finzat
May 1, 2018

Block One Capital Inc. (TSXV:BLOK) (OTCQB:BKPPF) (Frankfurt:ES3) (the “Company” or “Block One”), an investment company focused on high growth opportunities in the blockchain sector, is pleased to provide the following corporate update regarding progress made by Finzat since its previous management and support team changes. As previously announced, Block One holds approximately a 40% interest in Finzat.

Finzat continues to make positive strides in developing relationships among key participants in the US residential mortgage market. Recent talks with a Housing Government Sponsored Enterprise (GSE) have served to highlight opportunities for a synergistic partnership whereby Finzat would bring benefits of blockchain applications to mature, well-established business lines. Senior level discussions continue with a view toward designing application prototypes within the next few months. Furthermore, Finzat has opened a dialogue with a nationally recognized provider of risk management software and consulting services to over 120 institutional clients and several housing GSEs. A framework for a formal arrangement between the two parties is currently being formulated.  

In addition, Finzat is scheduled to open discussions early in May 2018 with a European headquartered international financial management company currently servicing hundreds of institutional clients around the globe. Among the firm’s activities are those that involve the assembly and dissemination of sensitive personal data, offering potential for Finzat and blockchain technology.

 For more information on Block One please visit the Company’s website at www.blockonecap.com.

“Sothi Thillairajah”
Chief Executive Officer

Forward-Looking Statements

This news release contains forward-looking statements that are based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to the prospects of developing a formal arrangement with a housing GSE or with a European headquartered international financial management company. Although Block One believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in forward-looking statements include general economic, market or business conditions, including the general acceptability of blockchain, risks associated with regulatory changes, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks and receipt of necessary TSX Venture Exchange approvals. These forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

FOR ADDITIONAL INFORMATION CONTACT: 
Block One Capital Inc.
Office: 604-398-4485; email: info@blockonecap.com

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