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September 2010

LiteLink Technologies Provides Corporate Update

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VANCOUVER, British Columbia, Sept. 04, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B)(OTC:LLNKF), a key player in logistics platforms and payment solutions, is pleased to provide the following corporate update to inform shareholders about its current software developments and operations.

1SHIFT Marketing Update

The 1SHIFT Logistics platform has reached maturity and LiteLink has shifted its efforts to sales and marketing across North America. LiteLink has added an additional sales office in Montreal to increase its sales presence in Eastern Canada. In addition to physical sales offices, 1SHIFT is engaging in digital product marketing to maximize lead generation and sales with a focus on increasing efforts in Q3.

The initial focus is to provide 1SHIFT Logistics to carriers, brokers, and shippers across North America this year, followed by expansions into South America in early 2020. With the existing trade issues reducing overall global freight to the U.S., the need to further reduce operating costs in logistics is a bigger issue now than ever.

In addition to rolling out its 1SHIFT Logistics platform, LiteLink is working with Deloitte Canada to bring the technical experience to key client engagements.

1SHIFT Product Update

Beta testing of the product trials of 1SHIFT has been successful. The 1SHIFT Platform enables an ecosystem of shippers, 3PLs, carriers, and drivers to contract loads, track shipments in real-time, proactively manage errors and disputes for on-time deliveries and expedite payments to improve end-to-end efficiency.

After onboarding Inline Nurseries Inc. and completing customer trials with Peak Logistics, JMG Carriers and Playbook Logistics throughout the summer, the 1SHIFT user experience has been fully optimized. A major barrier for adoption in the logistics business is adopting new technology that requires training and takes time to implement. The newest version of 1SHIFT allows users to signup and use the platform in less than five minutes, removing this barrier.

The development of the 1SHIFT app is complete and can be downloaded and utilized by any transportation carrier, fleet, shipper or broker. The 1SHIFT app is available through the Apple Store and Google Play Store, as well as on any web platform.

The latest version of the 1SHIFT Logistics platform includes:

  • Fully automated dispatch to any fleet, carrier, or internally operated trucks. A full turnkey fleet management system.
  • Real-time Logistics problem management – real-time problems raised by drivers, dispatch, by the system are presented before or right when they happen without any delay via email or phone calls
  • Detention Fee Dispute Center – a bulletproof blockchain solution that collects records from multiple sources to reduce unwarranted detention fees
  • Integration to Enterprise Supply Chain & TMS Platforms such as SAP
  • Integration into government-regulated devices ELDs and IOT truck sensors
  • Remote driver problem handling – customer care can now log in and see the same problems users are seeing to resolve with a mirror view

1SHIFT leverages Amazon web service infrastructure using the latest logistics prediction algorithms and integrated mapping services to provide the most advanced visibility and management of freight and digitizes all supporting documentation for a fully paperless environment.

LiteLink is continuing to focus on improving the 1SHIFT customer experience by offering training in multiple languages and has implemented several improvements in customer care with real-time troubleshooting and online training videos.

Moving forward, LiteLink plans to release two major features for 1SHIFT before the end of this year that will effectively remove the manual work done today by logistics specialists. The addition of deep machine learning and predictive pricing is expected to set the Company apart.

uBUCK Update

uBUCK Technologies SEZC (“uBUCK”), a wholly-owned subsidiary of LiteLink Technologies, has been developing its digital payment and debit card platform by engaging additional card program managers and technology partners.

uBUCK has continued to build on its partnership with Datable Technology Corp. over the summer. The commercial relationship involves the integration of Datable’s loyalty and rewards program into uBUCK’s digital payment platform and the addition of the uBUCK prepaid credit card to Datable’s gift card offering.

Apart from enhancing its payments platform, uBUCK is also preparing for its first live commercial event with Enthusiast Gaming. The Enthusiast Gaming Live Expo takes place in Toronto in October 2019 and is expected to bring in over 55,000 attendees.

uBUCK’s Streambucks is the official payment sponsor of the event and will be the official digital wallet and remittance transfer partner for Enthusiast’s tournaments. New customers at this event will receive incentives for signing up and installing the uBUCK digital wallet on their mobile devices.

Website Update

In an effort to extend its reach to global logistics markets, LiteLink has fully revamped its 1SHIFT website and strengthened its branding to align with large enterprise product offerings. To check out the new website, visit https://1shiftlogistics.com/.

LiteLink has gained critical knowledge regarding its implementation and change-management framework. The Company has used this knowledge to further refine its processes and believes this learning experience will create a strong foundation for success moving forward.

The Company has also gained critical feedback on customer acquisition costs as well as anticipated sales cycles, which were longer than anticipated.

Near-Future Outlook for LiteLink

LiteLink focused primarily on developing growth partner relationships and signing on customers over the summer. The focus will remain the same throughout this year with the objective to acquire as many customers as possible across North America. LiteLink has several deals in the pipeline that are near maturity and its cash position remains strong.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B)(OTC:LLNKF) 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. uBUCK Pay is a multi-currency digital wallet that supports traditional fiat and digital currencies. Consumers are able to make online and offline purchases using the uBUCK debit card and send funds worldwide for free.

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 and Streambucks 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.

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. (CSE:BAXS) (FRA:C0B) visit cryptocurrencynews.com.

Please See Disclaimer

 

SoFi Introduces Crypto Trading With Multiple Digital Currencies

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SoFi

SoFi

Over the course of the past couple of years, crypto trading has turned into a legitimate vocation for a large number of people, and nowadays, the options when it comes to choosing an exchange are varied. Some years, people who wanted to trade in cryptocurrencies did not have many options, and the exchanges that were available did not often have the sort of liquidity that traders want.

However, things have changed over the years, and in a new development, SoFi has launched its very own cryptocurrency trading platform. SoFi is a startup based out of San Francisco, which is involved in the student loan space but has now decided to test its capabilities in the crypto sphere.

The company announced that it was going to launch its own crypto trading platform and it will be operated through the SoFi Invest service. According to the announcement made by SoFi, the current offerings are going to be restricted to Ethereum, Litecoin, and Bitcoin. The Chief Executive Officer of the company Anthony Noto stated that it was not a sudden move, but in fact, it had been instigated by the company’s customers. He said many customers have requested such a service to be introduced for some time.

>> As Ethereum Price Drops, DAI Holds Well Against USD

Due to the sort of rallies that many cryptocurrencies have enjoyed this year, the establishment of new exchanges was only a natural consequence. More and more people are now interested in cryptocurrency trading, and hence it is an excellent development for the crypto ecosystem.

With regards to the new platform that has been established by SoFi, it is important to point out that many other fintech firms like eToro and payment service Square have also decided to enter the crypto space this year. The fact that SoFi already has a user base is definitely a huge advantage when it comes to driving activity on its crypto trading platform.

Featured image: DepositPhotos © jamesteohart

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LiteLink Expands to East Coast and Enters Agriculture And Produce Industry Through Strategic Partnership with Pommes Ma-Gic Inc

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VANCOUVER, British Columbia, Nov. 19, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B), a key player in digital freight & logistics platforms as well as payment solutions, is pleased to announce that it will be expanding to the east coast and bring its 1SHIFT Logistics platform to the agriculture and produce industry through a commercial agreement and a partnership with Pommes Ma-Gic Inc. (“Pommes Ma-Gic”).

Under the commercial agreement, LiteLink will provide Pommes Ma-Gic with a trial of the 1SHIFT platform for services such as:

  • managing produce freshness logistics,
  • tracking and tracing shipments,
  • route optimization to get produce to consumers as fast as possible,
  • capacity planning, manifest digitization, and geofencing; and
  • streamlining delivery from field to buyer.

The goal of the platform is to provide any farm or producer with the ability to deliver their product as safely and quickly as possible. 1SHIFT will help Pommes Ma-Gic to demonstrate the best path was taken to maximize freshness and quality.

Pommes Ma-Gic and LiteLink have also entered into a partnership that will permit LiteLink to open an east coast office at the Pommes Ma-Gic headquarters in Rougemont, Quebec.  Recognized for many years as “Capital of the Apple”, Rougemont is strategically positioned in the heart of Quebec’s produce industry. Under the terms of the partnership, Pommes Ma-Gic will provide cold room storage facilities as well as trucks and trailers for LiteLink to use as a research and development lab for temperature and moisture monitoring. LiteLink will also be using this facility to test their IOT & 5G sensors and devices through different conditions.

“We are very excited for this partnership,” says Pommes Ma-Gic President and General Manager, Sébastien Alix. “I’ve been through tons of logistics solutions and technologies, and the 1SHIFT platform was chosen because of its ease of use, solid cost savings, and technology enablement.”

 Sébastien added that he relies on innovation and partnerships to continue developing his company and he is glad to be turning challenges into opportunities with the 1SHIFT platform.

Through the partnership with Pommes Ma-Gic, LiteLink will gain access to a network of prolific produce growers, shippers, and distributors.

“We select our partners very carefully. Sébastien and his company have 100 years of proven history, the trust of the largest retailers in North America, and the same passion to deliver the best produce using next-generation technology,” says LiteLink CEO, Ashik Karim. “Not only will we gain important R&D capabilities and position ourselves in the heart of Quebec’s produce industry, Pommes Ma-Gic will enjoy real-time shipment visibility, including the ability to monitor product freshness in transit to enrich their service and customer experience. Quebec and the rest of Canada are rich with agriculture, and the industry is hungry to find value through technology. We have our sights on being a part of their ecosystem as well as lowering the cost and wastage found in spoilage.”

LiteLink has broken ground in the freight brokerage and nursery industries across Canada and the US over the last six months. Expanding to the agriculture and produce market segment is a natural progression in its product offering, complementing its business logic logistics platform paired with next-generation IOT sensors.

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 commercial and partnership agreements with Pommes Ma-Gic, 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. (CSE:LLT)(OTC:LLNKF)(FRA:C0Bvisit cryptocurrencynews.com.

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Blockchain Supply Market to Grow to $9 Billion

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Blockchain Supply Market

Blockchain Supply Market

Blockchain supply is poised to become a multi-billion dollar market. A study by market research firm Allied Markey Research indicates the size of the market could reach highs of $9 billion by 2025, representing an 80% growth from 2018 levels.

Key Growth Drivers

Blockchain is the underlying technology that powers an array of decentralized digital assets, key among them being Bitcoin and other cryptocurrencies. Increased usage of the technology to enhance transparency and improved security in supply chains is one of the catalysts fuelling the blockchain supply market.

The retail sector, which is in dire need of supply chain solutions that are able to ensure efficiency as well as increased security levels, will be the biggest contributor to the total market size. Healthcare is another sector in dire need of supply chain solutions that ensure high levels of security, poised to have a significant impact on the market size.

Manufacturing, food, and beverage industries also remain well positioned to be one of the biggest contributors to the blockchain supply market. The aerospace and automotive sectors also continue to absorb a good amount of blockchain solutions with the blockchain market poised to hit highs of $20 billion by 2029.

>> Altcoins Join the Bitcoin Rally: Ethereum, Litecoin, Ripple

 Growth By Region

Allied Markey Research has also pointed out that North America remains the most advanced market when it comes to blockchain infrastructure and technology adoption. However, the Asia Pacific region is not lagging far behind as it continues to register one of the highest growth rates at 90.4% in the blockchain supply market.

Spending in blockchain innovations, as well as research and development, is poised to hit highs of $2.9 billion by the end of the year. Most of the spending will go towards manufacturing and distribution services at $653 million and $642 million respectively.

Increased spending on the blockchain does not come as a surprise. The technology has so far proved to be reliable in enhancing security when it comes to transfer and storage of data in addition to ensuring high levels of privacy given the decentralization aspect.

Featured image: DepositPhotos © nils.ackermann.gmail.com

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