Corporate update

RNS Number : 2608Y

Online Blockchain PLC

08 May 2019

 

For immediate release

 8th May 2019

Online Blockchain PLC

("Online" or the "Company")

Corporate update

New product

As previously announced, Online Blockchain plc (LSE: OBC), a UK blockchain company, has been developing new blockchain-based products and in April 2019 announced the launch of "invite-only" beta testing for FreeLoadr, a PC gaming product. The Company has launched today the beta testing of an additional product, FreeFaucet (www.freefaucet.io), which enables users to obtain established and emerging cryptocurrencies for free. Users' cryptocurrencies can then be stored on the FreeFaucet multi-coin wallet.

Shareholders should note that the development of FreeFaucet is in early beta testing stage of development and launch, and further updates will be provided in due course. For further details go to: www.freefaucet.io.

A copy of this announcement is available on the Company's website at: www.onlineblockchain.io.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. The person who arranged for the release of this announcement on behalf of the Company was Clement Chambers, Director.

Enquiries:

For further information please contact: 

Online Blockchain PLC Clement Chambers	[phone]
Beaumont Cornish Limited (Nominated Adviser) www.beaumontcornish.com	[phone]
Roland Cornish/Michael Cornish
Smaller Company Capital Limited (Broker) Jeremy Woodgate	[phone]
Cassiopeia Ltd (Investor Relations) Stefania Barbaglio	[e-mail]

 

About Online Blockchain plc (LSE: OBC)

Online Blockchain (www.onlineblockchain.io) is a UK-based incubator and developer of businesses in internet and information-based technologies, including developers, administrators and custodians of blockchains and cryptocurrencies. The Company created ADVFN www.advfn.com and today still has a holding of 17.98% in ADVFN plc. 

 

Online Blockchain plc continues to consider new related opportunities and particularly crypto currencies and blockchain-based opportunities including incubating cryptocurrency start-ups and developing technical innovation in the blockchain space. Led by a team with over two decades of pioneering in tech, Online Blockchain focuses on innovation in cryptocurrency and decentralised ecosystems via various applications of blockchain: incubating cryptocurrency start-ups and developing technical innovation in the blockchain space.

 

Glossary

 

"blockchain" is a distributed public digital ledger in which transactions are recorded chronologically

"cryptocurrency" is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of any central bank

 

ENDS

 

END

 

 

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