Factom Inc SAFE Agreement temporary extension

RNS Number : 6964G

FastForward Innovations Limited

25 July 2019

 

25^th July 2019

FastForward Innovations Limited

("FastForward" or the "Company")

Factom Inc SAFE Agreement temporary extension

The Board of AIM-traded FastForward Innovations Limited, trading under the symbol FFWD, ("FastForward", the "Company" or "FFWD"), has agreed to an extension of the terms of its SAFE Agreement with Factom Inc ("Factom") as originally announced on 23 July 2018. We note that the 12 month anniversary of the SAFE Agreement passed on 23^rd July 2019 at midnight and the board of FFWD has now agreed a temporary extension with Factom, as permissible under the terms of the SAFE Agreement, until 31^st July 2019 in order to allow time for the Company to conclude negotiations on amendments to the permanent terms of the SAFE Agreement. A further announcement will be made in due course.

About Factom, Inc.

Factom, Inc. is an Austin-based Blockchain technology company that is on a mission to provide Blockchain data provenance for complex industries. Factom specializes in building scalable Blockchain technology to handle enterprise data and volume with a predictable cost model. Factom is the recognized leader in providing Blockchain solutions in order to preserve, ensure and validate digital assets. For information, please visit factom.com.

For further information please visit www.fstfwd.co or contact:

FastForward  Innovations Limited [e-mail]   Lance De Jersey/Ian Burns/Ed McDermott

Beaumont Cornish Limited (Nomad) Tel: [phone] James Biddle / Roland Cornish

Optiva Securities Limited (Broker) Tel: [phone] Jeremy King

CAUTIONARY STATEMENT

The AIM Market of London Stock Exchange plc does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding potential values, the future plans and objectives of FastForward Innovations Ltd. There can be no assurance that such statements will prove to be accurate, achievable or recognizable in the near term.

 

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