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April 2007

uBUCK Technologies Announces Closed Beta Launch for Streambucks uBUCK Technologies Announces Closed Beta Launch for Streambucks

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VANCOUVER, British Columbia, May 14, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF), a leader in logistics, artificial intelligence and digital payments, is very excited to announce that its wholly-owned subsidiary uBUCK Technologies SEZC (“uBUCK Tech”) will be launching Streambucks in July 2019, a digital payment platform dedicated to electronic sports (Esports) gaming.

uBUCK Tech has developed its second brand Streambucks to offer a seamless, secure payment solution that is catered specifically to Egamers. uBUCK Tech will sponsor Egaming tournaments and provide prize pools in the form of Streambucks. Streambucks can be used to purchase products in the Streambucks marketplace, send payments around the world for free or convert into U.S. dollars to load a prepaid debit card.

“uBUCK Tech developed Streambucks after recognizing a massive opportunity to reach a new demographic of customers through eSports gaming, an industry that has become larger than Hollywood and boasts cash prize pools of up to $25 million,” said uBUCK CEO James Youn. “We are excited to provide seamless payments to this new target demographic and sponsor eGaming tournaments across the globe. This new platform will allow uBUCK Tech to offer digital payment solutions for the Esports community which reached 454 million gamers worldwide and gain access to the billion dollar eSports gaming industry.”

Like uBUCK, Streambucks can be purchased with Bitcoin, Ethereum, credit and debit cards, or cash at 7,000 convenient stores across the U.S.

“Streambucks will solve the payment delays caused by traditional payment methods, as reported by The Esports Observer,”

said uBUCK COO Greg Bauer.

About uBUCK Technologies SEZC

Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in decentralized digital payments and wallets. uBUCK Pay and Streambucks are P2P payment platforms offering consumers, businesses and merchants a fast, commission-free and highly secure alternative to traditional payment methods. uBUCK Cash and Streambuck Cash are stable utility tokens that are backed by the U.S. dollar via pin voucher purchases within the uBUCK Pay app or at participating resellers. Customers may load a uBUCK debit card and make online and offline purchases and send payments around the world for free.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF) 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. For more information about LiteLink Technologies Inc., please visit litelinktech.com. If you would like to know more about the 1SHIFT logistics platform, please visit 1shiftlogistics.com.

For further information, contact Bronson Peever at 833-205-6945 ext. 3742 or investor@litelinktech.com.

Forward-looking Statement

This news release may contain certain “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 “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, 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.

Please visit the company’s website at litelinktech.com. For a free report on LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF) visit microsmallcap.com.

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Bitfinex Tether Issue Continues | CoinFlip and Tron Postpone Plans

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Bitfinex Tether

Bitfinex Tether

Last week, news about the Bitfinex and Tether issue surfaced when The New York Attorney General’s office said it received a court order against iFinex, the company behind Bitfinex and Tether. While Bitfinex has issued a response to the claims made by the NYAG, the issue hasn’t gone away. If anything, things are worse. On Wednesday, CoinFlip announced it is going to postpone tether buying “until the smoke clears.”

Here’s what we know.

Bitfinex and Tether Issue Continues

On April 25, NYAG Letitia James said her department is looking into Bitfinex and iFinex. Why? Because iFinex allegedly “engaged in a cover-up to hide the apparent loss of $850 million.” Unsurprisingly, Bitfinex did not take the news well. The “court filings were written in bad faith,” said the crypto exchange.

While it was smart for Bitfinex to issue a response quickly, it didn’t stop CoinFlip from postponing tether buying.

According to reports, CoinFlip was going to add the TRON version of USDT to over 180 of its machines in the United States. But now that’s not happening. According to CoinFlip CEO Daniel Polotsky, this rollout has been put on hold because of the Bitfinex and Tether issue. He told CoinDesk on Wednesday that “given the news, we are going to be postponing our launch until the smoke clears (if it ever does).” Polotsky added the crypto ATM startup wants to make sure Bitfinex and Tether are “operating 100% lawfully before offering their products.”

Not Just CoinFlip

It’s not just CoinFlip that has postponed plans because of the Bitfinex and Tether issue. Yesterday, Justin Sun, the CEO of TRON, said he is postponing TRON’s $20 million rewards program. According to Sun, the program will be postponed “until there’s more clarity” regarding the Bitfinex and Tether issue.

>> CoinMarketCap Data Accountability and Transparency Alliance

Takeaway

What do you think about The New York Attorney General’s office looking into Bitfinex and iFinex? Do you think CoinFlip and TRON were right to postpone their plans?

Let us know in the comments below!

Featured image: DepositPhotos © Grey82

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Victory Square Portfolio Company V2 Games Inc. Announces Private Placement of $3,000,000 CAD

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VANCOUVER, British Columbia, Oct. 24, 2019 (GLOBE NEWSWIRE) — Victory Square Technologies Inc. (CSE:VST)(FWB: 6F6)(OTC:VSQTF) is pleased to announce V2 Games Inc. (“V2 Games”), a wholly-owned subsidiary of the Company, is raising $3,000,000 CAD in a private placement offering (the “Private Placement”) of unsecured convertible debentures (each, a “Debenture”) for gross proceeds of $3,000,000.

Each Debenture issued pursuant to the Private Placement has an issue price of $1,000, a term of two years from the date of issuance and will accrue interest at a rate of 8% per annum. The principal amount of the Debentures, plus accrued and unpaid interest, will be payable in cash on the maturity date unless otherwise converted into common shares of V2 Games prior to such date.

V2 Games is a video and mobile game ventures firm focusing on royalty investments in high-value gaming projects featuring globally-recognized intellectual properties. The company generates cash flow by streaming revenue share from recognizable gaming projects. Examples of these projects include: Pacific Rim: Breach Wars, Rune: Ragnarok, and Hello Kitty. V2 Games previously developed the hit mobile game PAC-MAN Bounce, which got over 20 million downloads.

V2 Games has also incubated and invested in some leading eSports start-ups, including Pepper Esports Inc. and Cash Live. Cash Live recently received an additional $150,000 USD investment from SnapChat.

V2 Games intends to use the net proceeds of the Private Placement for investments in royalty generating gaming projects, general working capital purposes and to prepare for an arrangement to potentially spin-out V2 Games.

“It has been exciting to witness and be a part of the rapid growth of this space in recent years,” said Shafin Diamond Tejani, Chief Executive Officer of Victory Square. “This financing will allow us to build on our growing portfolio of high-value gaming projects featuring globally recognized intellectual properties and our strategy to maximize shareholder value, which includes a working towards the arrangement to spin-out V2 Games.”

“With additional funding into V2 Games, we’re excited to lay the groundwork for our possible public listing, work alongside an even more extensive collection of Internationally renowned IP holders,”

said Sam Chandola, founder of V2 Games.

For further information about the Company, please contact:

ABOUT VICTORY SQUARE TECHNOLOGIES INC.

Victory Square Technologies Inc. (CSE:VST)(FWB: 6F6)(OTC:VSQTF) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth. The result: rapid scale-up and monetization, with a solid track record of public and private exits.

VST’s sweet spot is the cutting-edge tech that’s shaping the 4th Industrial Revolution. Our portfolio consists of 20 global companies using AI, VR/AR and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.

What we do differently for startups

VST isn’t just another investor. With real skin in the game, we’re committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt.

What we do differently for investors

VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSTQF). For investors, we offer early-stage access to the next unicorns before they’re unicorns. Our portfolio represents a transparent, audited and liquid way for investors to get access to the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we’re able to provide strong and stable returns while also tapping into emerging global trends with big upsides. For more information, please visit www.victorysquare.com.

ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)

The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.

FORWARD-LOOKING INFORMATION

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the outlook of the business of Victory Square, including, without limitation, statements relating to V2 Games, the Private Placement, the conversion of the Debentures, the use of proceeds of the Private Placement, and other factors beyond our control. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, or similar expressions, or may employ such future or conditional verbs as “may”, “might”, “will”, “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. All statements other than statements of historical facts contained in this news release are forward-looking statements. Forward-looking information is based on certain key expectations and assumptions made by the management of Victory Square. Although Victory Square believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on them because Victory Square can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements contained in this news release are made as of the date of this news release. Victory Square disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

Please visit the company’s website at www.victorysquare.com. For a free report on Victory Square Technologies Inc. (CSE:VST)(FWB: 6F6)(OTC:VSQTF) visit cryptocurrencynews.com 

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