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BELIZE CITY, BELIZE--(April 24, 2017) - The directors and management of N1 Technologies Inc. (OTC PINK:NTCHF) announce the following has been completed:
Effective on or about January 1, 2017, the N1 Technologies Inc. board of directors has resigned and was replaced by Hugo Santos who is also CEO. As a result of the management change, the outgoing board has now returned all their shares in N1 Technologies Inc. to treasury and N1 Technologies Inc. has relinquished all equity interests in NanoSave Technologies Inc. which also has received all the former intellectual property assets of N1 Technologies Inc. along with their liabilities which have now been identified in full.
The Company from now on focuses on providing fintech services in Asia and has already obtained the right to use a proprietary type of electronic bailment. It is a computer-aided method of holding legal title to chattels, tangibles or intangibles in a relationship assisted by e-commerce capabilities which N1 Technologies hope to enhance with blockchain technology. N1 is in the process of evaluating blockchain solutions and contractors.
The Company website can now be found at www.n1techinc.com
FORWARD-LOOKING INFORMATION
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "will" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Corporation. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
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