WPP Energy GmbH has signed a binding MOU to purchase a 90% stake in BioPower
WPP TOKEN is poised to be accepted as a payment method to purchase BioPower Stock
Geneva Switzerland, April 15, 2019 (GLOBE NEWSWIRE) -- WPP Energy GmbH, a private Swiss Company (“WPP”) announced today that its Board of Directors has approved, and that the Company has entered into a Binding Memorandum Of Understanding with BioPower Operations Corporation, a Nevada corporation, to acquire a 90% interest in the BioPower, OTCMKTS Symbol “BOPO”. Pursuant to the MOU the parties agreed to negotiate and enter into a definitive agreement to set the terms of the Transaction in accordance with the MOU.
WPP is interested in licensing to BioPower its technologies, for the purpose of BioPower becoming the manufacturer of the technology units, distributor and providing the necessary Operations and Maintenance as required.
WPP is also interested in licensing its Blockchain technology and deploying WPP TOKEN to restart the Entrade Exchanges, first introduced at Exelon in 1997 by Robert Kohn, President of WPP’s Green Energy Rebate Program. WPP’s Blockchain technology will significantly enhance the capabilities of each exchange as it comes online.
The new Exchange(s) will use business know-how of on-line and off-line commercial trade desks and strategies that were developed at Entrade. The exchanges will license to governments and government agencies and major corporations to sell products and services to business-to-business and business-to-consumer markets across the globe. WPP intends for WPP Token to be accepted by these exchanges in the form of credit against purchases.
WPP also intends for the BioPower subsidiary to launch World Small Business for businesses with less than 100 employees across the Globe and Professionals. WPP Token will be accepted by this exchange for products and services used every day in small businesses such as office supplies, computer supplies, shipping, etc.
Headquartered in Geneva Switzerland, WPP is seeking to be a repository for disruptive green energy technologies, aiming to make electricity available at lower costs and to reduce landfill waste by up to 97%.
WPP intends to build, own, license, operate and maintain these advanced technologies and enters into strategic joint venture partnerships for the purpose of accelerating the deployment of important environmentally friendly technologies for the benefit of the entire world.
WPP intends to transmit its energy and biofuel production, and that of its partners, into WPP’s upcoming Global Green Energy Futures Contract Trading Platform using Blockchain Technology.
This press release contains certain “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “estimates,” “believes,” “anticipates,” “intends,” expects” and similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. These forward-looking statements are based on the Company’s current expectations and beliefs concerning future developments. There can be no assurance that future developments affecting the Company will be those anticipated by the Company. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
FOR MORE INFORMATION, PLEASE CONTACT:
WPP Energy GmbH
TEL: +41 91 756 6945