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JZZ Technologies, Inc. Signs $800,000 Direct Investment Agreement with DataBoss, Inc. Payable in Shubh Coin
JZZ Technologies, Inc. Signs $800,000 Direct Investment Agreement with DataBoss, Inc. Payable in Shubh Coin.
About this update from Ideal Group Of Companies Inc.
[{"type":"text","content":"Anderson, South Carolina--(Newsfile Corp. - May 9, 2022) - JZZ Technologies Inc. (OTC Pink: JZZI), a diversified technology company focused on digital media and strategic biotechnology acquisitions related to human life extension and human longevity (\"JZZ\" or the \"Company\"), has reached an agreement (\"Agreement\") with North Brunswick, New Jersey-based DataBoss Inc. (\"DataBoss\") whereby DataBoss will purchase directly from JZZ 125,000,000 restricted common shares of JZZ's stock.Per the provisions of the Agreement, JZZ will issue to DataBoss 125,000,000 restricted shares of its common stock and DataBoss will pay JZZ the sum of $800,000 in Shubh Coin. DataBoss will have the option to purchase an additional 75,000,000 common shares of JZZ's stock at $0.06 per share. All share issuances will be in accordance with Rule 144 and restricted for a minimum of one year.Shubh is a token based on Ethereum blockchain. The most current price for one Shubh coin can be found here. For more information about Shubh coin, please visit http://www.shubh.network.Per its press release dated May 3, 2022, JZZ announced the licensing of up to 12 million images of video content for the creation of NFT digital artworks to DataBoss. JZZ and DataBoss are exploring potential strategic partnerships that would benefit both companies.DataBoss President Neel Sawant stated, \"We are making a strategic investment in the digital assets and follow-on marketing by JZZ Technologies, Inc. There are tremendous synergies between our two companies and the development and sale of NFTs from digital content fits very well with our Shubh platform that is blockchain driven. There are many opportunities for us to enrich our collective technologies.\"Charles Cardona, Chairman and CEO of JZZ Technologies, Inc. commented, \"This direct investment by DataBoss shows the level of confidence that they have in our potential for revenue growth and appreciation of the value of these assets, and beyond. DataBoss is a very forward-thinking company, and its leader, Neel Sawant is a visionary in the crypto space. We feel that this alliance between our companies can grow into a highly profitable, long-term relationship that produces many new and groundbreaking products and services.\"The market for NFTs reached $41 billion in 2021, nearly matching the total value of the entire global fin...