Vancouver, BC – 360 Capital Financial Services Group Inc. (“360” or the “Company“) (CSE:TSZ, FWB: C5B) has held extensive discussions and conducted in depth analysis regarding its previously announced due diligence process with the national technology company, Nerds on Site Inc, a complete small and medium sized business IT solution provider across Canada. As a result of the process, 360 has advised Nerds On Site that it would be best for its business and shareholders to conduct an IPO, which will take place in the near future. Funding from this offering will allow Nerds on Site to expand into the USA.
Through the process of identifying potential investments, 360’s leadership has identified multiple opportunities with blockchain technology companies requiring capital and mentorship to either scale their proven business models or advance new developments to market.
“We believe that blockchain crypotechology, essentially a distributed ledger which is transparent and uncorruptable, has the potential to substantially change the way business is conducted. Whether it be cryptocurrencies, smart contracts, crowdfunding, data management, the internet of things or stock trading and beyond, a blockchain delivers security, cost savings and efficiency gains not seen before in the internet connected world,” said Mr. George Tsafalas, President, 360.
Subsequent to the closing of its recent private placement, the Company has approximately $1,600,000 in cash and is actively reviewing investment opportunities.
About 360 Capital Financial Services Group Inc.
360 Capital Financial Services Group, through our subsidiaries and affiliated companies, provides a broad range of financial services to emerging private and public companies. We “Connect Capital to Growth” by providing corporate finance advisory, merchant banking, IPO consulting and business advisory services for our clients.
For further information, please contact:
George Tsafalas, President
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, dependence upon regulatory and shareholder approvals, the execution of definitive documentation and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.