Investee Company Update: SatoshiPay

RNS Number : 2611U

FastForward Innovations Limited

16 January 2017

 

16 January 2017

FastForward Innovations Ltd

("FastForward" or the "Company")

Market Update

Announcement by Blue Star Capital PLC

The Company notes the announcement by Blue Star Capital PLC today confirming details of their proposed investment in SatoshiPay Ltd.

The Company remains supportive of SatoshiPay Ltd. but is not proposing to participate in the latest funding round for the company.

Subject to completion of the fundraising by SatoshiPay Ltd. on the terms outlined in the Blue Star Capital PLC announcement, the Company shall be interested in approximately 8.3% of the issued shares of SatoshiPay Ltd. valued at €500,140, an increase of 212.5% since the time of the Company's original investment in September 2015.

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

FastForward  Innovations Limited [e-mail] Josh Epstein / Ian Burns

Peel Hunt LLP [phone] Dan Webster / Adrian Trimmings / George Sellar

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 Fast Forward Innovations Ltd. There can be no assurance that such statements will prove to be accurate, achievable or recognizable in the near term.

Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Fast Forward Innovations assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

 

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