HOUSTON, March 25, 2019 /PRNewswire-PRWeb/ — Bitcoin Oil, the group behind the eagerly awaited PoS hard fork of Bitcoin which intends to implement a broad range of long overdue Bitcoin improvements in 2019, announces the formation of its compelling Technical Team, its international Advisory Board and its experienced Executive Group several weeks ahead of its planned Initial Coin Offering (ICO) which is expected to occur in the second quarter of 2019.
In order to optimize the impact in the world of cryptocurrency and make major headway in the revolution of bringing PoS, price stability and various other innovations to Bitcoin’s blockchain technology, Bitcoin Oil will spare no effort. Supplementary to Bitcoin Oil’s firsthand experience in cryptocurrency, their vision is backed and supported by industry leaders. With the assistance of a top-notch technical developer team, numbers of leading blockchain companies and international Advisory Board, Bitcoin Oil seeks to be the leader in innovative Bitcoin blockchain technologies.
“We’re unlocking the potential of Bitcoin to make it possible for people to enjoy, profit and interact with cryptocurrency. With our top-notch technical team in place, we expect to break through long-standing technical barriers to create a new and improved Bitcoin for mass adoption,” said Founder and CEO, Donald Goree. “We’re excited to now have a group of world-class people working to bring this revolutionary technology to market.”
Each technical expert, executive and advisor has agreed to assist Bitcoin Oil in consonance with their previous expertise and respective industry knowledge. Despite holding different roles within the conglomerate, each member was approached to join Bitcoin Oil based upon their capabilities to insure the success and growth of Bitcoin Oil’s SSPSS strategy. Moreover, all of Bitcoin Oil’s team agrees with the broader crypto community that change from PoW to PoS is not only imminent but necessary. Subsequently, they believe Bitcoin Oil has positioned itself at just the right time and represents a key step for the blockchain and cryptocurrency industries.
“I am very pleased with the progress made to date in assembling an excellent team to execute our revolutionary plan,” said Donald Goree, Founder & CEO of Bitcoin Oil. “We at Bitcoin Oil plan to create a world-class, revolutionary cryptocurrency with an enhanced PoS blockchain protocol that enables ease of use, low energy consumption, and mass adoption all while maintaining the highest level of user security and privacy,” Mr. Goree continued.
BITCOIN OIL – INTERNAL TECHNICAL TEAM:
Bitcoin Oil announces the initial internal technical team, which comprises lead development firms, executives, technical advisors, solutions architects, blockchain specialists and other industry veterans who will coordinate development efforts from some of the world’s leading blockchain development companies.
Andrew Dubinsky (Chief Technology Officer): Dynamic executive and entrepreneur with 20+ years experience in leading ground-breaking technology innovations in blockchain, healthcare, electronic lending, financial services and telecommunications. Andrew has demonstrated success in repeatedly establishing start-up companies and building them to multimillion-dollar valuation through deep understanding of the complexities of entrepreneurship and optimizing use of limited resources. Acknowledged subject matter expert on many technology areas, frequently presenting at industry events and contributing to news media coverage as published author and industry authority. He has a track record of developing game- changing products and executing marketing strategy to generate multimillion-dollar revenue by securing industry-leading customers, as evidenced by creation of technology across multiple key sectors, both private and government. Andrew has a proven history of corporate leadership encompassing technical strategy, sales and business development, finance/budgeting, capital raises, board-level engagement and executive team building. Exceptional communicator with ability to cultivate enduring partnerships and motivate high-performing teams.
Margo Bogdanova (Chief Product Officer): Senior software and hardware design lead with many years experience in the ICO and post-ICO world. Aptitude in the creation and application of crypto wallets and overall user experience. Margo previously served as a senior marketing executive with 15 years of delivering quantifiable results in a data-driven environment that covered brand marketing, strategy, PR, event planning, digital marketing, and advertising. She also holds a degree in Management from San Francisco State University and an MBA from State University of Management in Moscow, Russia.
Rajesh Kumar Radhakrishna (Chief Software Architect): Technical solutions architect with over 8 years of experience. Rajesh Radhakrishnan is a seasoned digital solutions architect with expertise in Blockchain, AI, machine learning, cryptography, ICO’s and cloud computing. He has worked on both private and public Blockchain technologies for enterprises, governments and health care. In public Blockchain Rajesh helped ICOs to build their Blockchain network, audit with different crypto exchanges, play a key role in E2E architecture and design, and frame the technical white paper.
Rosheel Baig (Advisory Board): CEO and Co-founder of Blockchain Expert Solutions. Rosheel is mainly responsible for the Business Development of the organization while also playing a vital role in the management of the company. He is a skilled IT Specialist having 12 years experience heading a huge team of developers including Blockchain, Big Data, Artificial Intelligence, Whitepaper, SRS for complex Blockchain Design and financial analysis of Projects. Rosheel has held many Senior Software Engineer roles as well as having a computer science degree.
Mudaser Iqbal (Advisory Board): CIO and Co-founder of Blockchain Expert Solutions. Mudaser is an expert in writing quality whitepapers, SRS for complex blockchain design, ICO planning & execution and financial analysis of projects. Prior to launching BES in Pakistan, he has over 12 years of experience in the Information Technology industry. Mudaser previously held CEO title for BlisFix and Principal Software Engineer for NorthBay Solutions. He has designed and developed many enterprise-class Mobile, Web, Social, and Big Data solutions for some of the world’s most innovative start-ups. He has lead many mobile and web projects including cross platform mobile games and business solutions. He is proficient in the design software architectures, analysis of time estimates, defining engineering & development processes, engaging in code reviews and technical debt analysis, and publishing apps. Mudaser holds a Master’s degree in Computer Science as well as a Master of Philosophy, Computer Science.
David Lolaev (Advisory Board): Commercial Director and Co-founder of Coin Makers. David participated in the development of the ICO market at the dawn of its appearance and holds a PhD in economic sciences, diploma with honors. He is an expert on the state purchases since 2017 and has worked in various fields including the banking sector; the center of authorization and the public procurement market. In 2016, David became actively interested in the development of the crypto-currency market and became engaged in the study of blockchain technology while actively participating in the development of the ICO market in the Russian Federation. In 2017, together with partners, he established ICO Brothers, which today is the leader in consulting for the launch of ICO projects and combines a large list of services that are in demand for the market, from the stage of origin, to holding an ICO, to listing and maintaining projects.
Romanuk Artem (Advisory Board): Chief of Business Development and Co-founder of Coin Makers. Born in the city of Neryungri, Romanuk received a higher education in jurisprudence. He previously held the director of ales position at a large firm until he was engaged in sales development for the largest portal known as Utro.ru, who saw traffic of up to 6 million people per day. From 2016, he began studying the crypto industry and blockchain soon becoming a crypto enthusiast and investor. In 2017, he took the position of chef of business development in the company icobrothers.com During this time he has consulted over 50 ICO projects and is a public speaker at many cryptocurrency events.
Omar Zaki (Advisory Board): CEO and founder of Forest Park Advisors and MBYS. Omar also serves as the CEO and Chief Portfolio Manager of Armitage Capital, a hedge fund focused on investing in biotechnology companies. Prior to this, he was a software developer at several large hedge funds focused on biotechnology investing, as well as Morgan Stanley’s Institutional Equities Division. Omar is also a biologist researching the Golgi under the advisory James Rothman, attempting to elucidate the structural mechanisms behind intra-Golgi protein trafficking. He was an early investor in the crypto space and continues to remain passionate about the space. He studied Computer Science, Physics and Economics at Yale University.
BITCOIN OIL – EXTERNAL DEVELOPMENT TEAM:
ArcTouch (http://www.arctouch.com): ArcTouch, started 10 years ago and based in San Francisco, California. Today, their team of over 100 dreamers, thinkers, and builders create software-based experiences for a range of connected concepts. ArcTouch is a renowned blockchain development company which has achieved indefeasible feats in the competitive market. ArcTouch provides a range of blockchain services which include easily implementing blockchain based prototypes, developing DApps on top blockchain platforms, evaluating private blockchain networks for experimentation and development and implementing and creating smart contracts. Their portfolio consists of 400+ completed projects with roughly 250 million of users interacting with their platforms.
Appinventiv (http://www.appinventiv.com): Founded in 2014 in New York, Appinventiv made a mark in the competitive market within a few years of its establishment. Now located in India, their young and agile team is committed to providing a great range of blockchain services to its customers. Some of their areas of excellence include initial coin offering, smart contract, cryptocurrencies, bitcoin, Ethereum, tech audit and IoT in the blockchain. They hold expertise in cryptocurrencies, development of smart contracts and auditing the processes before they go live on an unaltered system. Their team of blockchain marketers, designers and developers know how to employ the tools to help companies work in a decentralized ecosystem. Their team of Blockchain App Developers also has the expertise to create different types of Cryptocurrency Wallets which are used for Recording, Storing and Transacting in demand transformative currency.
Deqode (http://www.deqode.com): Deqode is a highly rated team that helps solve complex problems using new-age technologies. The US and India based blockchain development organization is an industry leader in blockchain solutions and can leverage deep industry knowledge and technical expertise to optimize business processes, maximize impact and foster growth. Deqode makes it a priority to invest in research and development, pioneering the some of the most promising and disruptive technologies that will transform industries and society. Deqode’s 150+ person firm holds over 50+ years of collective blockchain experience and specializes in making changes on the protocol level.
Knackroot TechnoLabs (http://www.knackroot.com): Knackroot TechnoLabs is an IT consulting and solution provider of next-gen business collaborations with customers across the world. With tremendous experience and comprehensive intelligence systems across diverse industries and domains they work with businesses to turn them into most successful and high-performance organizations. Established in 2017, Knackroot TechnoLabs is headquartered at Ahmedabad, India with presence in Canada, Australia and the USA. With a team of over 150 developers Knackroot TechnoLabs continues to fuel technological innovations in multiple verticals. The company’s service offerings include Blockchain Consulting, Machine Learning Consulting, Data Science Consulting, Digital Transformation and Connected IoT Solutions across various Cloud Platforms, including AWS and Azure.
Blockchain Expert Solutions (http://www.blockchainexpertsolutions.com): Blockchain Expert Solutions is a top blockchain solution provider powered by their parent company Miranz. Blockchain Expert Solutions, focus is always on implementing the best blockchain-based solutions for a business to make workflow efficient, processes transparent and barriers to progress at a minimal. Their aim is to help reach business goals swiftly. Their team of over 60 experts, located in India, is compromised of passionate, responsible and committed engineers having a get-it-done strategy. They have on-time spirit, and more than a decade of experience in designing, implementing and adapting technically sophisticated mobile and web applications using Swift, Objective-C, Java, C#, PHP, Ruby, three-tiered architecture, N-tiered and more. Proficient in mobile app and website development, language standards, object modelling technologies and Application Life Cycle management.
Coinmakers (http://www.coinmakers.org): Coin Makers is a team of blockchain IT experts who specialize in cryptocurrencies and blockchain technology. They are headquarted in Russia and over 10 expert developers make up their effective team. They focus on blockchain-based project developments as well as creation and improvements of forks. Coin Makers is a part of ICO Brothers holding, which specializes in providing help with ICO and cryptocurrency project launches. Over 300 companies have chosen ICO Brothers to fulfill their needs since 2017. In 2018 alone, Coinmakers delivered an astonishing 14 new coins and forks and an additional 10 crypto projects.
Modsi (http://www.modsi.io): Modsi helps companies turn ideas into realities and specializes in automation and data analysis. From software architecture and development to analytics and internal growth strategies, Modsi does it all to launch, build, and maintain platforms with enterprise-grade software and a team of dedicated, experienced, and skilled experts. Modsi’s specialities include Web Development, Software Development, C# .Net, HTML/CSS, JS, PHP, SQL, NodeJS, AWS, and Cloud Services. Modsi began in the Oil and Gas industry and quickly transitioned into the crypto world in the past few years. Modsi has provided essential automation and data analysis services to many oil and gas companies to allow onsite monitoring be a thing of the past. Modsi is headquartered in Miami, Florida and houses a team of over 20 expert developers.
BITCOIN OIL – ADVISORY BOARD:
In addition to the aforementioned Bitcoin developers and blockchain technology experts, BTCO’s advisory board also includes lawyers, professors, top strategists, scientists, first class engineers, management experts, and investment bankers. Starting with senior securities lawyer Joseph Mei, Chairman of Bitcoin Oil’s Advisory Board and lead securities counsel who has advised over transactions with an aggregate transaction value of over $15 billion in the past.
Joseph Mei, Esq. (Partner of Gutnicki LLP): Mr. Mei is a partner of Gutnicki LLP’s corporate practice group. His practice focuses on mergers and acquisitions, private equity, take-private, leveraged buy-out, venture capital and U.S. securities law matters, including initial coin offerings and other blockchain projects . Mr. Mei has advised over 45 M&A transactions with an aggregate transaction value of over $15 billion, including over 30 cross-border M&A transactions with an aggregate transaction value of over $11 billion. Mr. Mei was a recommended corporate lawyer by The Legal 500 Asia Pacific in 2015. In addition to his law practice at Gutnicki, Mr. Mei is also a managing partner of Centauri Capital Partners, LLC, a mergers and acquisitions advisory firm with a particular focus on cross-border buy-out transactions between US, Europe and Asia. He is also a managing director of Infusion 51a, a U.S.-based private fund with focus in big-data healthcare sectors.
Professor Cary E. Wolfe (Professor at Rice University, Acclaimed Author): Holds a Ph.D. from Duke University and a distinguished professorship at Rice University Professor Wolfe serves as Chair of the English Department and Founding Director of 3CT: The Center for Critical and Cultural Theory at Rice University. The author and editor of ten books and numerous articles, he has been invited to lecture and deliver seminars at Oxford, Cambridge, Harvard, Yale, University of Luxembourg as well universities in numerous countries and has been an invited speaker in venues such as the Museum of Modern Art in New York and the inaugural TEDxHouston conference. He is Founding Editor of the Posthumanities book series, which has published nearly 50 volumes, and has worked extensively with the University of Chicago Press, the University of Minnesota Press, and Columbia University Press.
Diego Rojas (Engineer): Graduated with Honors from University of Florida with BS in Mechanical Engineering and was named by Faculty as “The Outstanding Mechanical Engineer Student” of his graduating class. Mr. Rojas went to work for Exxon Company USA in theirs Southeast Division headquarters in New Orleans, Louisiana. Rojas has 40 years’ experience in the oil and gas industry with most of that experience in energy operations onshore, offshore and internationally. Mr. Rojas was formerly District Engineering Manager for Exxon’s Offshore District. Mr. Rojas founded Enercap Corp, formerly DCR Petroleum. Mr. Rojas served as VP of King Ranch Capital and managed its acquisitions group. Mr. Rojas is bi-lingual and quite multi-cultural in various American/European/Latin American cultures.
Bryant Mook (Entrepreneur, Director and Advisor): Holds equity, senior management, or advisory positions with DEP Dominican Energy and Mining Partners, Santo Domingo, Dominican Republic; MEPHCO, Mook Energy and Production Holding Company, LLC.; ABC Development Funding, Houston; Elk Petroleum Ltd, Sydney, Australia, and La Cortez Petroleum, Bogotá, Colombia. Mr. Mook is a Petroleum Engineering and Geological Advisor with more than 40 years of multi-disciplinary experience in oil and gas onshore and offshore assets (shallow and deep-water), both domestic and international. Mr. Mook currently serves as a Senior Advisor to Oil and Gas Operating Companies, financial entities, private equity funds, hedge funds, and who desire to invest in low-risk oil and gas assets as well as technologies that increase production; improve oil and gas recovery factor and reduce costs. Mr. Mook is bi-lingual and quite multi-cultural in various American/European/Latin American cultures.
Cory Weisman (Founder and CEO of Weisman Worldwide Entertainment Inc.): Mr. Weisman is Founder and Chief Executive Officer of Weisman Worldwide Entertainment Inc., located in Beverly Hills, CA. Mr. Weisman was formerly a senior agent at International Creative Artists Management (ICM). Mr. Weisman current partners/clients include Walt Disney Company, ebay, Universal Studio’s, Warner Bro’s Pictures, MTV, Nickelodeon, MGM Studio’s, FOX Studios, DreamWorks, PIXAR Animation Studios and many more.
Clayton Hayes Goree (Vice President of Business Development at Bankwell): Clayton Goree is Vice President of Business Development at Bankwell. Mr. Goree formerly served as Senior Vice President of Business Development and Wholesale Banking at Wells Fargo, where he represented the Northeast Region of NY/CT. Mr. Goree holds a degree in Business/Corporate Communications at The University of Nevada, Las Vegas.
BITCOIN OIL LLC – DIRECTORS & EXECUTIVES:
Dr. Ian Wingfield (Chairman of the Board & C.E.O): Dr. Wingfield has over 30 years of Directorship experience in many public listed companies and national organizations. Ian holds a PhD from Imperial College, having studied previously at the London School of Economics. He is presently a Director of the London Waste & Re-cycling Board and of the UCW 2001 Pension Trustee Company. His background covers both the private and public sectors primarily in the banking, mining, telecoms and postal sectors. He has also been a leading Cabinet member at Southwark Council, having held numerous executive positions in London local government and is a member of two Livery Companies in London.
R. Lloyd Ross, Jr. (Director & Chief Financial Officer): Mr. Ross holds an extensive background in Corporate Finance and high-level accounting. As a C level executive, Mr. Ross has worked with several public companies and has directed nearly $1.0 Billion in corporate engagements involving mergers, IPO’s, acquisitions, divestitures and turn arounds. Additionally, Mr. Ross’s corporate finance experience includes management of financial departments for companies with $500 Million in annual revenues and worked for the management, audit consulting division of KPMG. Mr. Ross holds an MBA with concentration in Finance and is a licensed Certified Public Accountant.
Donald C. Winfrey (Director): Mr. Winfrey is currently the Chairman and CEO of N-Compass.TV. Mr. Winfrey was former President of Azur Holding, Executive Vice President of US operations for Xentel DM and President of CD3 Storage Systems. Mr. Winfrey studied business administration at South West Texas State, and is a Veteran of the United States Marine Corps.
BITCOIN OIL INC. – DIRECTORS & EXECUTIVES:
Donald H. Goree (Chairman & CEO): Mr. Goree has over 40 years’ experience in the oil and gas industry involving exploration and production, oil and gas pipeline construction and operations, natural gas gathering, processing, and gas liquification. Mr. Goree served as Chairman and Chief Executive officer of Azur Holdings Inc., Managing Director of Reliance IB Fund LLC, and Chairman / CEO of Global Xchange Solutions AG a Swiss Investment Bank. Additionally, Mr. Goree has over 35 years’ experience in commercial and Investment Banking.
Donald W. Orr (President): Mr. Orr is a degreed geologist with over 42 years of experience in the fields of oil and gas geology and production operations. Mr. Orr has drilled over 250 wells with a success rate exceeding 70% and worked-over or rejuvenated more than 200 wells as owner and operator. Mr. Orr formerly held a position with Seven Energy, a wholly owned subsidiary of Weatherford International in 2005, where he pioneered numerous innovations in UBD (underbalanced drilling). Mr. Orr has also founded XNP Resources.
R. Lloyd Ross, Jr. (Director & CFO): Mr. Ross has an extensive background in Corporate Finance and high-level accounting. As a C level executive, Mr. Ross has worked with several public companies and has directed nearly $1.0 billion in corporate engagements involving mergers, IPO’s, acquisitions, divestitures and turn arounds. Additionally, Mr. Ross’s corporate finance experience includes management of financial departments for companies with $500 million in annual revenues and worked for the management, audit consulting division of KPMG. Mr. Ross holds an MBA with a concentration in Finance and is a licensed Certified Public Accountant.
Hannah Paddock (Chief Marketing Officer): Ms. Paddock has over 10 years’ experience in the strategic marketing and promotion industry. Over the course of her career, Ms. Paddock has worked for various companies, as well as owned her own marketing firm to independently represent clients. Ms. Paddock also currently serves as Executive Coordinator for Filling in the Blanks, a 501-c non-profit. Ms. Paddock holds both Bachelor of Arts and Bachelor of Science degrees from The University of North Carolina, Wilmington.
David M. Smith, Esq. (Legal Counsel): Mr. Smith is a licensed attorney in Texas with over 40 years’ experience in the legal field of oil and gas exploration and production, manufacturing, purchase and sale agreements, exploration agreements, land and leaseholds, right of ways, pipelines, surface use, joint operating agreements, joint interest agreements, participation agreements operations as well as transactional and litigation experience in oil and gas, real estate, bankruptcy and commercial industries. Mr. Smith spent ten years as a landman serving as Vice President of Land and, later, as President. Mr. Smith holds a degree in Finance from Texas A&M University, a Doctor of Jurisprudence from South Texas College of Law and is licensed before the Texas Supreme Court.
E. Frank Hill (Chief Field Operations Director): Mr. Hill is a second-generation oil man, who started his first company at the age of 27, drilling his first wildcat well and making a new gas well discovery in 1978. Frank Hill brings to the table a combination of management experience within the office and Operations in the field. Mr. Hill’s experience has included operations in the Texas Gulf Coast, the wetlands area, the Lower Rocky Mountains, San Juan Basin, and the Appalachian Mountains.
Michael Martin (Land Manager): Mr. Martin is an experienced oil and gas landman with 40 years of experience all phases of land acquisition, contract negotiations and preparations, pipeline right-of-ways and gathering system acquisitions, extensive background in oil and gas title examinations, and division of interest title curative specialist. Over the course of his career, Mr. Martin has worked on behalf of the General Land Office, State of Texas, Highway Department, State of Texas, Petrohawk, Union Pacific Resources, Duke Energy Services, and Sandridge Oil and Gas. Mr. Martin attended The University of California for Real Estate. He holds his certification and license with Texas Real Estate, California Real Estate, and is a Texas Easement or Right of Way Agent.
Bitcoin Oil’s executives and Advisory Board members will provide strategic guidance to the company in terms of the development of its blockchain strategy and Bitcoin hard fork, assessing the markets, identifying growth opportunities, and defining strategic and tactical plans which are expected to be implemented by its internal technical team and external development partner firms. “This is an incredibly distinguished group of industry leaders, with a wealth of both practical and strategic experience,” explained Donald Orr, President of Bitcoin Oil. “We’re fortunate to benefit from their proficiencies and direction as we move into the development and implementation phases ahead,” said Mr. Orr.
The impressive lineup of technical experts, development partner firms, executives and advisors, combined with various dedicated employees working on the platform, has turned Bitcoin Oil’s forthcoming hard fork and its planned ICO into events which cannot be ignored. Those interested in being part of the revolution can find more information about the project at http://www.BitcoinOil.com.
About Bitcoin Oil
Bitcoin Oil (BTCO) is the official name of Bitcoin’s 2019 PoS hard fork which will implement a whole range of long overdue Bitcoin improvements. The new BTCO cryptocurrency will be based on the Bitcoin blockchain network, and the centerpiece of Bitcoin Oil and its “Optimally Improved Ledger” (OIL) will be the highly innovative “SSPSS” strategy focusing on the development and implementation of essential Bitcoin improvements in the fields of Stability, Sustainability, Privacy, Smart Sidechains, and Scalability, or “SSPSS”, including but not limited to key new Bitcoin blockchain features such as (i.) minimizing Bitcoin’s volatility (i.e. by connecting it with stable off-chain values), (ii.) drastically reducing Bitcoin’s insane energy consumption (i.e. by altering the consensus protocol to PoS), (iii.) implementing true privacy features (i.e. by enabling confidential transactions), (iv.) empowering Bitcoin based ICOs and STOs (e.g. by employing full smart contract functionalities), and last but not least (v.) developing cutting-edge scalability solutions (i.e. by complete integration of layer 2 protocols and offline transactions). To learn more about Bitcoin Oil, visit our website at http://www.bitcoinoil.com and please review our future press releases as well as our forthcoming white paper, or if you are interested in purchasing Bitcoin Oil, please contact us at firstname.lastname@example.org or call us at +1-8777-BITCOINOIL.
This press release shall not constitute an offer to sell or the solicitation of an offer to purchase any coin or right described herein, nor shall there be any sale of these coins or rights in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
This press release contains information about pending transactions, and there can be no assurance that any of these transactions will be completed in accordance with the terms described in this press release or at all.
This press release contains information about a possible hard fork of the Bitcoin network. Neither the Bitcoin Oil or such other crypto-asset generated through the hard fork nor the Bitcoin Oil or such other crypto-asset generated thereafter by any other method will be registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction and may not be offered, sold, pledged or transferred within the United States or such other jurisdiction without registration or an applicable exemption from such registration requirements. Even though Bitcoin Oil intends to deliver and distribute certain bonus to the Bitcoin Oil record holders of the Bitcoins then existing on the Bitcoin network, such delivery and distribution may be restricted or prohibited by laws of the jurisdiction in which such holders reside or such distribution or delivery may result in Bitcoin Oil being required to register under the Exchange Act of 1934, as amended, or the securities law of any other applicable jurisdiction. We are in the process of assessing regulatory requirements for the delivery and distribution of such bonus of Bitcoin Oil to the then holders of the Bitcoins as part of the hard fork and there can be no assurance whether we would be able to make any delivery or distribution, or at all, to any such holder in connection with the hard fork.
This press release contains statements that are forward looking (such as when Company describes what it “plans,” “believes,” “intends,” “seeks,” “aims,” or “anticipates” will occur, what “will,” “potentially,” or “could” happen, and other similar statements or the negative of such terms or statements), which may not be correct, even though Bitcoin Oil believes that they are reasonable at the time of this press release. Bitcoin Oil undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made.
Attn: Media Relations
Ms. Hannah Paddock (CMO)
Attn: ICO Information
Mr. Donald H. Goree (CEO)
SOURCE Bitcoin Oil