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August 2006

LiteLink Introduces SaaS Subscription for 1SHIFT Logistics to Accelerate Growth For Supply Chain and Converts Pommes Ma-Gic From Trial Customer to Paid Subscriber

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VANCOUVER , Jan. 23, 2020 /CNW/ – LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B), a key player in digital freight and logistics platforms as well as payment solutions, is pleased to announce the full software-as-a-service (SaaS) Subscription Model of its 1SHIFT Logistics platform. This new SaaS model allows shippers, carriers, and fleets to seamlessly self-register and self-onboard onto the 1SHIFT platform at their own pace, without interactions with customer support personnel. With the launch of this SaaS Model, LiteLink is also pleased to announce that it has on-boarded its first paid subscriber, Pommes Ma-Gic Inc.

As logistics has become more complex, it has become increasingly difficult to identify software pricing and onboarding online. Logistics software vendors have moved away from standard pricing to negotiating prices one-on-one to maximize profits per customer. 1SHIFT has opted to post their pricing models and have based pricing packages on the number of shipments a business conducts per month. The SaaS subscription packages will include a ‘FREEMIUM’ model that will be free to use for businesses that conduct less than 5 shipments a month.

“At LiteLink, we want customers to see how easy it is to manage logistics and freight for their businesses with 1SHIFT,” said Ashik Karim , CEO of Litelink Technologies. “As with any good software package, the best way to get the product into customers’ hands is with a free subscription version while at the same time providing a seamless experience to upgrade to best fit paid subscription models.”

This innovative and intelligent SaaS product will support shippers, carriers, and brokers to:

  • assign & gain full real-time and historical insights into your carrier or fleet performance on blockchain guaranteeing the authenticity
  • give all customers and receivers a real-time tracker to follow their shipment to the highest degree of accuracy
  • plan & manage route optimization for carriers and fleets to guarantee the most efficient route taken
  • auto-dispatch and manage shipments with your own fleet or your preferred carrier network
  • provide end-to-end shipping visibility and business audit for claims, late fees, and problem management with proof of audit
  • manage all proof of delivery digitally allowing for seamless triggers for invoicing and billing

Pommes Ma-Gic, now a paid subscriber of 1SHIFT, is headquartered in Rougemont, Quebec. Recognized for many years as “Capital of the Apple,” Rougemont is strategically positioned in the heart of Quebec’s produce industry.

“Our decision to choose 1SHIFT as our platform for logistics was easy. Since day one of our trials, we saw the cost savings and value add of this platform. For example, my bill of lading process is now streamlined, driver-dispatcher constant phones are now drastically reduced and I have stats on the performance of my fleet to make quick decisions” said Pommes Ma-Gic President and General Manager Sébastien Alix.

LiteLink has broken ground within the agriculture, retail, and fleet services industries across Canada and the US over the last six months. Transitioning to the SaaS subscription model is a natural progression in its product offering, allowing anyone to sign-up at their own pace and timeline.

LiteLink would also like to announce that its Chief Financial Officer, David Kwok, resigned effective December 31, 2019, in order to focus on building his own accounting practice. In the interim, Daniel Lee will oversee CFO responsibilities while Litelink conducts an executive CFO search.

About Pommes Ma-Gic Inc.

Located in Rougemont, Quebec, Pommes Ma-Gic has been part of the Canadian produce industry for more than a century. Through four generations, President and General Manager Sébastien Alix and his family have helped innovate the agri-food sphere by introducing the Collatio brand and cut-apple production to Quebec. Pommes Ma-Gic works with Sobeys, METRO, Loblaws, and other food retailers.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time.

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain certain forward-looking statements and information (together, “forward-looking statements”) within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “will”, “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the nature of the business of LiteLink, the intended success or results of the SaaS Model, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. LiteLink does not intend and does not assume any obligation to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

SOURCE LiteLink Technologies Inc.

Please visit the company’s website at litelinktech.com. For a free report on LiteLink Technologies Inc. (CSE:LLT)(OTC:LLNKF)(FRA:C0B) visit cryptocurrencynews.com.

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Ethereum Futures Already Gaining Significant Support in the Industry

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Ethereum futures

Ethereum futures

Ethereum (ETH) is the second largest virtual currency in terms of market cap, and for quite some time investors have been expecting Ethereum futures that seem to, at last, be happening. However, these expectations have faced interest concerns and regulatory uncertainty regarding the crypto asset.
Ethereum Futures Realized

The expectations for Ethereum futures appear to have been realized with The Block reporting that one of the largest global exchanges, CME Group, was preparing to release a futures product for Ethereum. The Chicago-based CME Group was the institution that launched Bitcoin futures during the cryptocurrency boom in 2017.

What this means according to The Block is that CME is changing Ethereum’s reference rate and Index, which is an indication that Ethereum futures are imminent. According to an industry source, the alterations that are being made are for the “preparation of an Ether” vehicle. However, the source indicates that the cash-settled futures such as the CME’s crypto contracts can be altered and thus need a strong index to help in risk mitigation. The latest changes are seen as a way of boosting the confidence of regulators to accept Ethereum products.
Ethereum Futures Gaining Support

The development comes at a time when Ethereum futures are gaining support from a number of cryptocurrency users in the industry. For instance, Thomas Chippas, the CEO of ErisX, has emphasized the need of having an Ethereum vehicle since ETH has a very vibrant and real community, appropriate institutional involvement, and precise use cases, as well as other good tenets in the industry.

>> Stablecoin Market is Showing Signs of Solid Growth

Early in the year, a CFTC official claimed that government officials at the CFTC were friendly to Ethereum after they claimed that the body was content with the crypto asset. He added that when a derivative exchange wants to launch a derivative that meets the CFTC requirement, they will be certified.

The news of the Ethereum futures comes at a time when various crypto exchange startups have received licenses to begin listing physically-delivered Bitcoin vehicles.

What do you think of the news?

Featured image: DepositPhotos © Syda_Productions

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The Purpose Behind the LKS Foundation: A Blockchain-Inspired Organization

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LKS Foundation

LKS Foundation

The LKS Foundation is an Italian non-profit foundation that aims to promote initiatives that use the principle of sharing information through blockchain technology and spread the culture of fintech to innovate in sectors such as crowdfunding, ICO, and decentralized finance technologies.

The Foundation’s President, Federico Olivo, is chairman and co-founder at Vistra SRL, a company specialized in offering consult and training services on Quality, Health, Safety and Environment (QHSE). With over 20 years of experience, Federico has a background in entrepreneurship, management, process mapping, and optimization; offering a unique perspective to the LKS Foundation. All members of LKSCOIN offer years of experience in different industries. Their knowledge was applied in the development of the organization and the blockchain-based solution they are now offering to content creators.

The first project of LKS Foundation seeks to ensure the development of a cryptocurrency designed to have a significant impact on the web by offering the possibility to track and remunerate, through payments and donations, content creators within social networks. The LKSCOIN is already and will enhance its mission of being a means of payment for content creators, capable of protecting the copyright of their content.

In today’s world, digital content represents a $153 billion industry that will continue to grow in the years to come. Unfortunately, like many other industries, it has its flaws. The biggest issue with digital content is ensuring the traceability of the origin of the content, guaranteeing authors their rights over the content that they produce. The LKS Foundation has analyzed the industry and studied this specific problem, developing a blockchain-based solution capable of overcoming the difficulties that social media represents to copyright holders.

Additionally, the LKS Foundation comes with an already tested solution. The LKSCOIN has been successfully integrated with Cam.TV, a community of knowledge with more than 360,000 users who use the LKSCOIN to monetize likes. More than 20,000 LKSCOINS transactions are made daily on this platform.

To achieve its ultimate goal of guaranteeing ownership rights, the LKSCOIN is promoting a token sale to finance the development of a Non-Fungible Token aimed at providing content creators with a blockchain-based tool capable of protecting copyright without the hassle of developing a native smart contract or blockchain network. The LKSCOIN currently has more than 800 active nodes to guarantee the security and decentralization of the platform.

As part of its future strategy, the LKS Foundation plans to create a campus where they can host companies and brilliant minds to help improve and develop the platform, creating new business models in line with the times. Additionally, the future development of the NFT will help to counter fake news and allow copyright protection, satisfying a need in the market.

If you wish to learn more about the LKS Foundation and the LKSCOIN, please visit https://www.lkschain.io/.

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