(TheNewswire)
Vancouver, British Columbia – TheNewswire - June 16, 2021 - CloudNine Web3 Technologies Inc. (CSE:CNI) (OTC:CLGUF) (FRANKFURT:1JI0) (CNSX:CNI.CN) (“ Cloud Nine ” or the “ Company ”), a leading decentralized networkand storage technology company, is pleased to announce the appointmentof Dan Reitzik as Special Advisor to the Board of Directors effectiveimmediately.
Mr. Reitzik is a successful operational CEO, havingco-founded and managed both private and publicly listed technologycompanies for more than 20 years. Mr. Reitzik was the co-founder andCEO of DMG Blockchain Solutions Inc. until March 2021 (TSXV: DMGI), ablockchain and cryptocurrency company.
At Cloud Nine, Mr. Reitzik will work closely with theCompany's senior management team to identify additional product areas,open up new lines of business, commercialize the Company's latesttechnology products, build significant strategic distributionrelationships, and establish Cloud Nine as a leader in decentralizednetworks and storage technologies.
“We are very excited to welcome Dan to Cloud Nine,”said Sefton Fincham, President. “His extensive experience andsignificant expertise in blockchain solutions and corporate financewill be invaluable to Cloud Nine during its current phase of majortechnology developments. The entire Board and executive team lookforward to working closely with Dan and benefiting from his insightsand perspectives as we move toward rapidly growing our business andbecoming a global decentralized technology leader.”
"It is a great honor to join Cloud Nine and toparticipate in the Company’s significant expansion over the nextseveral years. Cryptocurrency was the first successful use case ofdecentralized and blockchain technology, and I am confident thatdecentralized networks and data storage will be just as successful,”said Mr. Reitzik. “Through its ownership of Limitless Technology,Cloud Nine has the proprietary technology and products for thismassive decentralized movement, and I am excited to be a part of thisgrowing technology company."
On Behalf of the Board,
CLOUDNINE WEB3 TECHNOLOGIES INC.
About Cloud Nine Web3 TechnologiesInc.
Cloud Nine is a diversifiedtechnology company focused on leveraging its proprietary Web 3.0technology products to enable the decentralized movement amongconsumers and business alike. Web 3.0 enables asustainable world where decentralized users and machines are able tointeract with data, value and other counterparties via a substrate ofpeer-to-peer networks without the need for third parties creating manybenefits such as giving each user full control and ownership of allpersonal and corporate data.
For further information, pleasecontact:
Paul Searle
Corporate Communications
Citygate Capital Corp
Phone: (778) 240-7724
psearle@citygatecap.com
Neither the Exchange nor itsregulation services provider accepts responsibility for the adequacyof accuracy of this release. No stock exchange, securities commissionor other regulatory authority has approved or disapproved theinformation contain herein.
Forward-Looking Statements
Certain statements in this press release areforward-looking statements and are prospective in nature.Forward-looking statements are not based on historical facts, butrather on current expectations and projections about future events,and are therefore subject to risks and uncertainties which could causeactual results to differ materially from the future results expressedor implied by the forward-looking statements. These statementsgenerally can be identified by the use of forward-looking words suchas “may”, “should”, “will”, “could”, “intend”,“estimate”, “plan”, “anticipate”, “expect”,“believe” or “continue”, or the negative thereof or similarvariations. Forward-looking statements in this news release includestatements regarding: the Company’s ability to identify additionalproduct areas, open up new lines of business, commercialize theCompany's latest technology products, build significant strategicdistribution relationships and establish the Company as the leader inblockchain technology and decentralized finance; the potential of theCompany’s technology and operations; growth of the global digitalpayment market; the Company’s ability to capitalize on any growingdemand for payment solutions; the Company’s ability to expandpartnerships; the Company’s pursuit of emerging technology productsand Web3 opportunities on a global scale; and the ability of theadvisor to use his experience to positively impact the Company’sbusiness including development of Cloud Nine’s Limitless assets.Factors that could cause actual results to differ materially fromthose in forward-looking statements include, failure to obtainregulatory approval, the continued availability of capital andfinancing, failure to obtain any permits and licenses required tooperate the business, the impact of technology changes on theindustry, the impact of Covid-19 or other viruses and diseases on theCompany's ability to operate, hire personnel, competition, securitythreats, consumer sentiment towards the Company's products, servicesand blockchain and DeFi technology generally, failure to develop newand innovative products, litigation, increase in operating costs,increase in labor costs, failure of counterparties to perform theircontractual obligations, government regulations, loss of key employeesand consultants, and general economic, market or business conditions.Such forward-looking statements should therefore be construed in lightof such factors, and, except as required by applicable law, theCompany is not under any obligation, and expressly disclaims anyintention or obligation, to update or revise any forward-lookingstatements, whether as a result of new information, future events orotherwise.
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