Championsgate, FL. December 15, 2021 Silver Scott Mines Inc. (OTC PINK: SILS) announced today that it has renamed itself as Silver Scott Digital Holdings, and will act as a holding company for a collection of new economy products, including a wholly owned subsidiary (Cognitive Crypto, LLC). SILS is also deep into discussions regarding partnership agreements in both the digital coin and NFT space.
Cognitive Crypto, which was “pre-launched” in October, 2021, and will be officially launched in Q1 2022, has been a cash flowing asset from its inception. “It’s really quite simple,” said Wes Holland, Silver Scott’s CEO, “we exist to do what we have always existed to do—serve our clients with high quality services that provide them value, and thereby serve our shareholders, our staff, and our team. We have been waiting for the best opportunity to grow value for all involved parties, and we believe we have found it with the new opportunities in the new digital economy products. We’re making a massive commitment here for the benefit of all involved.”
He added, “many people of my generation have been waiting for the opportunity to benefit from cryptocurrency and blockchain products—but lack the knowledge of how it all works, or where to put their money among various options. We structured our products to solve that problem for them while providing real value to them. Investors in SILS will have exposure to multiple streams of new digital economy products.”
Silver Scott Mines Inc. no longer invests in the exploration of silver and gold, but does seek to invest in digital coin holdings, as an alternative to cash. As of this writing, Silver Scott’s digital coin holdings have appreciated 70% in their first month.
Although the Silver Scott Mines Board of Directors passed a resolution to change the name of the company to Silver Scott Digital Holdings to better reflect their pivot to the blockchain industry and their current business model, the symbol is expected to remain unchanged, and the name change is subject to shareholder approval.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United Stated Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts, and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as expects, believes, anticipates, intends, estimates, seeks and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of Silver Scott Mines and Cognitive Crypto, are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. These factors include, but are not limited to the ability to successfully implement the business plans of Silver Scott Mines and Cognitive Crypto.