(TheNewswire)
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- Offers free and other premium EdTech Content designed to promote the benefits of thedecentralized web and generate opportunities to increase theCompany’s user base.
- EdTech Content consists of practical and relevantguides to understanding cybersecurity, blockchain technology,crypto-currency and non fungible tokens (NFTs).
- Offers free Email-Based Education Course Platform toengage entrepreneurs to create an on-line brand, particularly in thedecentralized web space.
- Initiatives intended to increase user base of itsLimitless VPN.
Vancouver, British Columbia – TheNewswire - November 8 , 2021 - CloudNine Web3 Technologies Inc. (CSE:CNI) (OTC:CLGUF) (FRANKFURT:1JI0) (CNSX:CNI.CN) ( “ Cloud Nine ” orthe “ Company ”), atechnology company focused on developing and offering peer-to-peerdecentralized infrastructure products and related content, is pleasedto announce it is offering free and other premium EdTech content andan Email Education Course Platform through its website available atwww.cloud9web3.com to drive its user base and promote its LimitlessVPN product.
On October 28, 2021, the Company entered into aPlatform License Agreement and a Content License Agreement with NextDecentrum Technologies Inc. (“ Next Decentrum ”). Next Decentrum is aprivate technology company in which the Company currently holds a10.5% undiluted interest in (or 1,604,274 common shares), and anobligation to acquire an additional 1,069,518 common shares (for atotal of 16.4% or 2,673,792 common shares on an undiluted basisassuming all future payments are made) pursuant to a Share PurchaseAgreement dated June 28, 2021.
Pursuant to the terms of the Content License Agreement,the Company has obtained a right and license to utilize the EdTechContent from Next Decentrurm for a term of one year after which theagreement will auto renew for further one year renewal periods unlesseither party provides notice of its intent not to renew at least 90days prior to the end of the then-current term. There is a nominal feepayable by the Company for an initial trial period of 6 months,following which Next Decentrum will be entitled to a share of thegross course fees collected from the Company’s end-users.
In consideration for accessing the EdTech Content,users agree to join the Company’s user base from which the Companyintends to cross-sell its products such as the Limitless VPN. TheEdTech Content currently includes “The Quick & Dirty Guide toBlockchain”, “The Quick and Dirty Guide to NFTs”, “The NFTCybersecurity Playbook” and “The Quick & Dirty Guide to NFTs– Extended”. Additional content is expected to be available inthe coming months.
Pursuant to the Platform License Agreement, the Companyhas obtained a right and license to utilize the Email Education Course Platform fromNext Decentrum for a term of one year after which the agreement willauto renew for further one year renewal periods unless either partyprovides notice of its intent not to renew at least 90 days prior tothe end of the then-current term. There is a nominal fee payable foran initial trial period of 6 months, following which Next Decentrumwill be entitled to a share of the gross platform fees actuallycollected from the Company’s end users.
Through the Email Education Course Platform , the Company offers acloud-based product that allows users to create email courses. Thecreated email courses are delivered by scheduled emails to theuser’s inbox. The product is offered to encourage entrepreneurs,especially those interested in the decentralized web space, to createan online brand through an email course, build relationships andeducate customers on innovative products and services. This productis currently available through the Company’s website.
Limitless VPN
The Limitless VPN is a proprietary VPN (Virtual PrivateNetwork) which allows end users free access to personal internetprivacy software in exchange for limited use of the user’sbackground system resources as outlined in the terms and servicesagreement of the VPN. Unlike traditional professional grade “PaidVPNs” which charge a monthly fee in order to generate revenue, theLimitless VPN platform borrows existing computational power of theuser and then can use it for specific business purposes such asdecentralized data storage. To download the Limitless VPN, pleasevisit www. limitlessvpn.com
On Behalf of the Board,
C LOUD NINE WEB3 TECHNOLOGIESINC.
About Cloud Nine Web3Technologies Inc.
Cloud Nine is adiversified technology company focused on leveraging its proprietaryWeb 3.0 technology products to enable the decentralized movement amongconsumers and business alike. Management believes the Web 3.0promotes sustainability where decentralized users and machines areable to interact with data, value and other counterparties via asubstrate of peer-to-peer networks without the need for third parties,thereby creating many benefits such as giving each user control andownership of personal and corporate data.
For furtherinformation, please contact:
Paul Searle
CorporateCommunications
Citygate Capital Corp
Phone: (778) 240-7724
psearle@citygatecap.com
Forward-LookingStatements
Certain statements in this press releaseare forward-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 ”, orthe negative thereof or similar variations. Forward-looking statementsin this news release include statements that the additional Course andEdTech content is intended to increase the Company’s user base andinterest in its Limitless VPN; that the Company intends to cross-sellthe Limitless VPN to its user base; and the intention that additionalcontent is expected to be offered in the coming months. Factors thatcould cause actual results to differ materially from those inforward-looking statements include: the continued availability ofcapital and financing; failure to obtain any approvals, permits andlicenses required to operate the business; the impact of technologychanges on the industry; competition; increase in operating costs;litigation; loss of key employees, consultants and directors; securitythreats; failure to develop new and innovative products and services;failure of counterparties to perform their obligations; the impact ofthe Covid-19 pandemic on the Company’s ability to operate and hirepersonnel; and adverse general economic, market or businessconditions. Such statements and information are based on numerous assumptions regardingpresent and future business strategies and the environment in whichthe Company will operate in the future, including the demand for itsproducts and services, the ability to successfully develop software,that there will be no regulation or law that will prevent the Companyfrom operating its business, anticipated costs, and the ability tosecure sufficient capital to complete its business plans. Given theserisks, uncertainties and assumptions, you should not place unduereliance on these forward-looking statements. Such forward-lookingstatements should therefore be construed in light of such factors,and, except as required by applicable law, the Company is not underany obligation, and expressly disclaims any intention or obligation,to update or revise any forward-looking statements, whether as aresult of new information, future events or otherwise.
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