Fintech PR
Jiva Technologies Integrates Bitcoin into Treasury Strategy as Board Approves Up to $1 Million Investment
VANCOUVER, BC, Nov. 25, 2024 /PRNewswire/ — Jiva Technologies (CSE: JIVA) (Frankfurt: WNT1) (OTCQB: PLTXF) (“JIVA” or the “Company”), a leader in building niche online wellness communities and creating immersive physical environments, today announced that its Board of Directors has approved the purchase of up to $1 million in Bitcoin as part of the Company’s treasury management strategy.
“As Bitcoin continues to gain traction as a widely accepted and trusted asset class, we see a unique opportunity to strengthen our treasury with a resilient and innovative investment,” said Lorne Rapkin, CEO of Jiva Technologies. “Bitcoin’s inherent scarcity and finite supply position it as a modern hedge against inflation and a safe haven in times of economic uncertainty. We believe Bitcoin aligns with our forward-thinking strategy and complements our mission to drive innovation across all aspects of our business. The potential for favorable regulatory frameworks and increased institutional adoption, highlighted by the recent wave of Bitcoin ETFs, underscores Bitcoin’s value proposition and makes us believe it is an ideal asset for corporate treasuries seeking inflation-resistant stores of value,” Rapkin added.
While Bitcoin will now form part of Jiva Technologies’ diversified treasury strategy, the Company remains firmly committed to its core operations. This includes executing its previously announced joint ventures, driving growth in its plant subscription e-commerce platform, Bloombox Club, and continuing to develop its immersive wellness hub in Squamish, BC.
Jiva Technologies will monitor its Bitcoin holdings closely, ensuring they align with market conditions and the Company’s cash flow requirements.
About JIVA Technologies
JIVA Technologies is dedicated to building niche online wellness communities and creating immersive physical environments. With a proven track record in e-commerce marketplaces, bolstered by expert UI/UX design and SEO, JIVA now focuses on joint ventures to support wellness brands in developing their online presence. The company owns and operates Bloombox Club, an online plant delivery marketplace serving the United States, Germany, the United Kingdom, Austria, the Republic of Ireland, France, Spain, and Italy, as well as The Locavore Bar and Grill, a vibrant dining and gathering destination in Squamish, BC. Recently, JIVA became a shareholder in VEG House, a leader in the plant-based space, through a share exchange agreement. Committed to e-commerce, marketing, and wellness, JIVA’s mission is to cultivate online communities of like-minded consumers through education and collaboration. The company is actively pursuing joint ventures, such as the recently announced partnership with LIV3 for SugarShield, to empower wellness brands online by building their websites and managing all digital marketing.
Contact
Lorne Rapkin
Chief Executive Officer
(416) 419-1415
Forward-looking Information
This press release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may,” “will,” “expect,” “likely”, “should,” “would,” “plan,” “anticipate,” “intend,” “potential,” “proposed,” “estimate,” “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. The forward-looking information contained herein includes, without limitation, statements regarding the availability of Future Farm products, PlantX promotional events and the business and strategic plans of the Company.
By its nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release including, without limitation: receiving sufficient demand for the Offering; the Company’s ability to comply with all applicable governmental regulations including all applicable food safety laws and regulations; impacts to the business and operations of the Company due to the COVID-19 epidemic; the conflict in eastern Europe; having a limited operating history; the ability of the Company to access capital to meet future financing needs; the Company’s reliance on management and key personnel; competition; changes in consumer trends; foreign currency fluctuations; and general economic, market or business conditions.
Additional risk factors can also be found in the Company’s continuous disclosure documents, which have been filed on SEDAR and can be accessed at www.sedar.com. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained applicableherein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by law.
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View original content:https://www.prnewswire.co.uk/news-releases/jiva-technologies-integrates-bitcoin-into-treasury-strategy-as-board-approves-up-to-1-million-investment-302315274.html
LONDON, Jan. 14, 2025 /PRNewswire/ — Kinomica Ltd., a developer of diagnostics for precision oncology, today announced the appointment of Roche Diagnostics’ former Global Head of Strategy and Business Development, Dr Michele Pedrocchi as its new Chair of the Board of Directors.
With his more than 30 years of successful track record in Life Science and in-vitro Diagnostics and as a former member of the Executive Committee at Roche Diagnostics, Michele has extensive experience and understanding of the growth drivers of a business, including commercial execution and innovation of business models and products. His industry impacting achievements include an instrumental role in establishing polymerase chain reaction (PCR) as a routine diagnostics methodology in Europe and his pioneering role in introducing patient selection for targeted oncology treatments through Companion Diagnostics (CDx), as well as venturing into digital health solutions.
Tim Fell, Chief Executive Officer of Kinomica, said: “As an international executive who has brought ground-breaking diagnostic solutions into routine clinical practice, Michele’s experience and guidance will be invaluable as Kinomica seeks to do the same with phosphoproteomic diagnostics for therapy selection.”
Michele Pedrocchi, new Chair of the Board of Directors of Kinomica, commented: “I am thrilled to be taking on this role as Kinomica has great potential for contributing in a fundamental way to truly precision medicine. This world-class team of scientists has made impressive inroads on the promise of phosphoproteomics to guide cancer treatment. Making this proprietary approach and insights widely available is our declared goal.”
The new Chair appointment follows a financing round led by Mercia Ventures with additional participation from BGF, Longwall Ventures and other existing investors, that sees the company’s Board of Directors further strengthen with the appointments of Dr Robert Hornby and Joanna Smart as investor directors for Mercia Ventures and BGF respectively.
About Kinomica
Kinomica is a developer of precision oncology diagnostics. The company has developed KScan®, a phosphoproteomic diagnostic platform to help clinicians better realize the full potential of precision medicine by predicting which of the drugs currently approved to treat a disease a particular patient will respond best to, thereby aiding clinical decision making. Learn more at www.kinomica.com and follow us on LinkedIn.
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View original content:https://www.prnewswire.co.uk/news-releases/michele-pedrocchi-appointed-chair-of-kinomica-302350351.html
Fintech PR
Akastor ASA: Completion of Mitsui transfer and agreement with MOL on ownership in AKOFS Offshore
FORNEBU, Norway, Jan. 14, 2025 /PRNewswire/ — Reference is made to press release dated 6 November 2024 concerning the agreement between Akastor ASA (OSE: AKAST) and Mitsui & Co., Ltd. (“Mitsui”) on the transfer of all of Mitsui’s interests in AKOFS Offshore AS (“AKOFS Offshore”). The transfer has today been completed as per the terms agreed, whereby Akastor now controls 75% of the shares in AKOFS Offshore.
Simultaneously with the above-mentioned completion, the remaining two shareholders Akastor and Mitsui O.S.K. Lines, Ltd. (“MOL”) have entered into a new shareholders agreement effective as from today. Additionally, Akastor and MOL have today entered into a separate transaction agreement for transfer of 8.3% of the shares in AKOFS Offshore from Akastor to MOL, which when completed will give an ownership interest of 2/3 and 1/3, respectively. The transaction is entered into on an “as is “basis, on substantially same commercial terms as Akastor’s acquisition from Mitsui and includes transfer of a proportional portion of the shareholder loans and debt interests relating to AKOFS Offshore. Completion of the transaction is expected to take place later in Q1 2025. AKOFS Offshore will remain as a jointly controlled entity to Akastor.
For further information, please contact:
Øyvind Paaske
Chief Financial Officer
Tel: +47 917 59 705
[email protected]
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
About AKOFS Offshore:
AKOFS Offshore is a provider of vessel-based subsea well installation and intervention services to the oil and gas industry. The company operates three specialized offshore vessels, AKOFS Santos, Aker Wayfarer and AKOFS Seafarer, with the first two vessels contracted to Petrobras for work in Brazil and the last one contracted to Equinor for work on the Norwegian Continental Shelf. The company employed 360 people as per the end of 2024. AKOFS Offshore is owned by Akastor AS (75%) and Mitsui O.S.K. Lines, Ltd. (25%).
For further information, please visit homepage: https://www.akofsoffshore.com
Akastor is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments. The company has a flexible mandate for active ownership and long-term value creation.
This information was brought to you by Cision http://news.cision.com.
View original content:https://www.prnewswire.co.uk/news-releases/akastor-asa-completion-of-mitsui-transfer-and-agreement-with-mol-on-ownership-in-akofs-offshore-302350455.html
DUBAI, UAE, Jan. 14, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce its partnership with Entravel, the leading crypto-native hotel booking platform, to provide users with exclusive access to discounted luxury travel.
As part of this collaboration, all Bybit users can enjoy a free membership to Entravel, unlocking extraordinary perks, including heavily discounted hotel rates and seamless booking with digital assets. Bybit Card holders gain even more, with up to an additional 6% discount via cashback on luxury hotel bookings.
This initiative is a significant step in Bybit’s mission to integrate crypto usage into everyday life, making it easier than ever for users to trade, invest, and now, travel seamlessly with their digital assets.
“Live the Crypto Life. With Bybit Card. Bybit Card continues to broaden the use cases for borderless crypto spending,” said Joan Han, Sales & Marketing Director at Bybit. “We are thrilled to partner with Entravel, simplifying crypto solutions for our users’ travel needs while enriching their experiences with unique benefits. Together, we aim to make Bybit the go-to platform for investing, trading, and enjoying life.”
Luxury Travel with a Crypto Twist
Entravel’s platform offers more than one million hotels globally, including leading luxury brands, with discounts of up to 60%–70% compared to traditional travel websites. Entravel’s innovative crypto-native, members-only program enables these unmatched savings by sourcing exclusive hotel rates through direct partnerships.
Bybit users can effortlessly pay with their Bybit Card, accessing the same ease and convenience as any mainstream travel platform. This partnership empowers users to enjoy their digital assets while creating memorable travel experiences.
Don’t Miss Out – Claim Your Free Membership Today
The collaboration between Bybit and Entravel is designed to bring unprecedented value to Bybit’s community of over 60 million users worldwide (excluding the EU). Free memberships are now available, but spots are limited.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/bybit-card-partners-with-entravel-to-bring-discounted-luxury-travel-to-its-users-302350433.html
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