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CryptoGlobal Corp (TSXV:CPTO) New Listing

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CryptoGlobal, a Canadian blockchain and financial technology company, uses powerful super computers, or mining machines, to solve complex problems that validate Bitcoin and other cryptocurrency transactions.

Additional Information:

Company: CryptoGlobal Corp
Website: http://www.cryptoglobal.io
Stock Symbol: TSXV: CPTO
Date Published: Jan 29, 2018
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

CryptoGlobal Corp is the latest new listing on the TSX Venture Exchange, trading under the symbol “CPTO”, following its Qualifying Transaction with Capital Pool company “Apolo Acquisition Corp”.

The Qualifying Transaction constituted a reverse take-over, as the former shareholders of CryptoGlobal now own approximately 94.7% of the company’s shares immediately after the closing of the Qualifying Transaction.

CryptoGlobal, a Canadian blockchain and financial technology company, uses powerful super computers, or mining machines, to solve complex problems that validate Bitcoin and other cryptocurrency transactions.

Every time CryptoGlobal solves a problem, its computers create a digital seal known as a "block" to verify the transaction.

Each block is saved to the blockchain, a virtual ledger that records every digital currency transaction.

CryptoGlobal gives its energy and computing power to the blockchain and in return gets little pieces of each transaction, paid in digital currency, including Bitcoin, Ethereum, Litecoin and Dash, in exchange for this service.

Rob Segal, CEO, stated: “We're building a Canadian blockchain technology company for the long-term and are on track to meet our goal of operationalizing 10,000 machines by the end of April. The company is currently mining four of the world's most popular coins: Bitcoin, DASH, Litecoin and Ether. Canada's access to affordable renewable power, high speed internet, cold climate and well-regulated, stable financial markets make it an ideal location to build out large-scale cryptocurrency mining and FinTech operations. Our team is in Canada. Our engineers are in Canada. And most important of all, our mines are in Canada."

James Millership, President, added: “CryptoGlobal expects to invest 50% of total earnings back into cryptocurrency mining infrastructure and blockchain R&D. Investing in scale and the ability to be agile and flexible enough to shift our hash power as the cryptocurrency and FinTech markets develop will be a critical part of our ability to deliver value to our shareholders and be successful over the long-term."

The shares are trading at $1.17.

For more information, please visit the company’s website www.cryptoglobal.io, contact Debra Quinn at 647-985-7162 or email deb@cryptoglobal.io.

I’m Megan Edwards for Investmentpitch Media