Blackboxstocks Engages Silicon Valley Firm, Innovative Capital Ventures, to Assist with Capital Raise and Listing on a National Exchange
DALLAS--(BUSINESS WIRE)--Jul 10, 2018--Blackboxstocks Inc. (OTC PINK: BLBX) (“Blackbox”), a developer of real-time, web and mobile based analytical software tools for stock and options traders, announced today that the Company has entered into an exclusive advisory agreement with Innovative Capital Ventures (ICV). ICV is a Silicon Valley based consulting firm specializing in early stage SaaS (Software-as-a-Service) companies.
The agreement, signed on June 18, 2018, is for a term of 24 months. Services to be performed by ICV include assisting Blackbox with a capital raise of up to $5 million for growth capital and to position the Company to qualify for a listing on a national exchange.
“We are very pleased that this agreement will provide us with a pathway to securing capital sufficient for growth and that will, we believe, enable us to qualify for a listing on a national exchange,” said Gust Kepler, CEO of Blackboxstocks, Inc. “In addition to their assistance with our funding needs, right out of the gate, the ICV team has already provided us with a wealth of technical resources and potential strategic partners.”
Blackbox launched its stock analytics platform in September 2016 as a SaaS model charging subscription fees of $79.97 per month, or $767.00 annually. The Company provides users with a fully interactive chat and social media platform that is integrated into the analytics dashboard. This allows users to exchange information and ideas quickly and efficiently through a common network. Since introduction, the Company added a proprietary Options Scanner to its platform and most recently, introduced a live audio/video feature that allows members to broadcast on their own channels to share trade strategies and market insight within the Blackbox community which currently spans 42 countries.
“We are very excited to add Blackbox to our portfolio of companies. They have developed an amazing technology that we believe will be a game changer in the fintech sector,” remarked Dan Gatti, Managing Partner of ICV.
About Blackboxstocks, Inc.
Blackboxstocks, Inc. is a unique and disruptive financial technology and social media platform offering both web and mobile based analytical software tools for stock and options traders of all levels. Our platform employs predictive technology enhanced by artificial intelligence to find volatility and unusual market activity that can result in the rapid change in a stock’s price. The complexity of our backend analytics is neatly hidden from the end user by our simple and easy-to-use dashboard that includes real-time alerts, scans, news and institutional grade analytics. Blackbox differentiates itself in the fintech sector by combining trading tools with proprietary broadcast enabled social media connecting traders of all types worldwide. Website: www.blackboxstocks.com
About Innovative Capital Ventures
Innovative Capital Ventures, Inc. is a private consulting firm based Menlo Park, California, focusing on early stage SaaS (Software as a Service) companies in the fields of information technology and the life sciences. IC Ventures seeks companies with teams that are committed to solving real problems with a novel approach through unique data sets and analytics. Services provided to clients include creating strategic partnerships, capital strategies, and a roadmap for successful enterprise growth and eventual sale or acquisition. Website: www.icventures.net
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SOURCE: Blackboxstocks Inc.
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PUB: 07/10/2018 08:00 AM/DISC: 07/10/2018 08:01 AM