Blockchain Holdings Capital Ventures, Inc. Signs LOI with Advanced Technologies Management, Inc.
New York, NY, Jan. 08, 2019 (GLOBE NEWSWIRE) -- Blockchain Holdings Capital Ventures, Inc. (OTC: BHCV) (“BHCV” or the “Company”) a holding company with a focus on finding, vetting and acquiring cash flowing assets including commercial real estate, energy and technology companies, today announced that it has entered into a letter of intent to purchase the assets of a 25-year-old Las Vegas, Nevada based company, Advanced Technologies Management, Inc., d/b/a Pictographics (“ATM”). ATM is a leading entity in a revolutionary technology known as additive manufacturing.
On December 31, 2018, Blockchain Holdings Capital Ventures, Inc. executed a letter of intent (“LOI”) to purchase the assets of ATM. The company had approximately $1M in revenue in 2018 and with our support we believe we can increase its revenues by more than 200% in 2019. The LOI proposes a total purchase price of $2,000,000 in stock valued at $.50 per share. The final details of this potential transaction are being worked out, and definitive agreements will be prepared after the completion of the due diligence process.
“I am excited to announce this strategic acquisition to our investors. This transaction, if completed, will give us three very valuable resources in one transaction and marks another major milestone in our growth strategy. Upon consummation of the transaction we are expected to gain over $1.2M in equity in real-estate located in a valuable opportunity zone. Also, the additive manufacturing technology and potential partnerships with other companies as a result of this technology are expected to allow us to increase revenues exponentially. Finally, this acquisition will allow us to integrate ATM’s proprietary X-Therm cooling technology into our mobile datacenter strategy.” said Delray Wannemacher, CEO.
Upon signing of the definitive agreements, all the assets of ATM will be acquired by BHCV.
About Blockchain Holdings Capital Ventures, Inc.
Blockchain Holdings Capital Ventures, Inc. (BHCV) is a publicly traded holding company with a focus on finding, vetting and acquiring cash flowing assets including Commercial Real Estate, Energy and Technology Companies.
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For more information about BHCV, please visit: http://www.bhcv.io
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