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Toronto, Ontario, February 22, 2018 – GreenBank Capital Inc. (CSE: GBC and OTCMKTS: GRNBF and FRA; 2TL) (“GreenBank or the Company”) announces that Daniel Wettreich, its CEO, featured its blockchain portfolio company Blockchain Evolution Inc when he spoke this week at WCIT India 2018|NASSCOM ILF 2018. Over 2,500 attended the largest technology conference in Asia, held in Hyderabad, India, during which Daniel Wettreich was invited to discuss the impact of blockchain in the digital age.
Daniel Wettreich spoke to a “standing-room only” audience about the need for identification as a critical component in blockchain technology. He also provided an update on GreenBank’s two blockchain portfolio companies, Blockchain Evolution Inc which recently successfully completed the cloning of its EvolveChain identification based blockchain, and Medik Blockchain Inc which is creating an identification based blockchain solution to provide medical confidentiality systems for the healthcare community.
The conference was opened by India’s Prime Minister, Narendra Modi, and was attended by Navdeep Bains, Canada’s Minister of Innovation, Science, and Economic Development. Distinguished speakers included CP Gurnani, CEO of Tech Mahindra; Paul Hermelin, CEO of Capgemini; Don Tapscott, CEO of The Tapscott Group; Ajay Piramal, CEO of Piramal & Shriram Group; Naveen Tewari, CEO of InMobi; and Abidali Neemuchwala, CEO of Wipro; among others.
Opening the conference, Prime Minister Modi said “Disruptive technologies such as Blockchain and the Internet of Things will have a profound impact in the way we live and work. They will require rapid adaptation in our workplaces.”
The National Association of Software and Services Companies (“NASSCOM”) which, according to NASSCOM research, represents 95% of the $154 billion Indian IT industry, along with the global IT body World Information Technology & Services Alliance (“WITSA”) and the Government of Telangana, India, hosted The World Congress on Information Technology (“WCIT”). WCIT, a premier international IT forum bringing together industry leaders, government officials and academicians from 80 countries, was held jointly with NASSCOM India Leadership Forum, a congregation of top global leaders to deliberate on the latest IT trends and opportunities impacting industries across sectors.
GreenBank is a merchant banking business listed on the Canadian Securities Exchange (trading symbols CSE: GBC and OTCMKTS: GRNBF and FRA: 2TL), and is included in the CSE Composite Index. GreenBank’s 100% subsidiary GreenBank Financial Inc. is a merchant bank. GreenBank’s portfolio companies comprise equity investments in 11 small cap businesses, namely; 10% of The Lonsdale Group LLC, a USA based private equity company focused on small cap investments; 27% of Ubique Minerals Limited, a zinc exploration company in Newfoundland, Canada; 10% of Reliable Stock Transfer Inc, a Canadian small cap transfer agency; 14% of Slabdeck Technology Inc, developers of a unique comprehensive all-in-one search mobile application that integrates social search, discovery and communication; 15% of Blockchain Evolution Inc, owners of the world’s first identification based blockchain; 15% of KYC Technology Inc, owners of a worldwide online 24-hour “Know Your Customer” identification verification process; 19% of Inside Bay Street Corporation, a financial news communications company; 27% of Buchans Wileys Exploration Inc, a minerals exploration company with interests in Newfoundland, Canada; 100% of Medik Blockchain Inc, providing blockchain based medical confidentiality systems to the healthcare community; 100% of North America Veterans Insurance Services Inc, an insurance agency holding company; and 19% of Kabaddi Games Inc, developers of a mobile application game based on the sport of Kabaddi. GreenBank has agreed to acquire 19.62% of Minfocus Exploration Corp (TSXV: MFX), a mineral exploration company.
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of GreenBank Capital Inc., the raising of additional capital and the future development of the businesses comprising GreenBank’s investment portfolio. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because GreenBank can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and GreenBank disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
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