LAS VEGAS, Jan. 22, 2018 (GLOBE NEWSWIRE) — Black Cactus All-around (OTC Markets:BLGI) (‘Black Cactus’ or the “Company) is admiring to advertise that it has entered into a Memorandum of Understanding (“MOU”) with the majority shareholders in an Indian Technology close to anatomy a able accessory of the Company.
Under the agreement of the MOU Black Cactus will become the better stakeholder of a all-around Technology aggregation with offices in the ‘FinTech Valley’ Vizag Software Technology Park in Visakhapatnam, India, through which it will focus on and beforehand the use of its altered Blockchain based Intellectual Property.
The planned accretion will be re-named Black Cactus All-around Technologies Pvt. Limited (“BCGTPL”), and will act as the arch adorning assertive for the Company’s efforts in India and the world. Staffed with 500 Software Engineers and Developers, BCGTPL will initially undertake, appliance the Black Cactus Blockchain IP, several development projects with the Indian Government to abetment it in its Risk and Fraud Administration of the bounded banking markets.
Utilizing the all-encompassing arrangement of business contacts that the BCGTPL ally have, the aggregation will acquaint its Smart Contract protocols into able new industry verticals. With admission to Black Cactus All-around Inc’s Blockchain IP, BCGTPL will be able to rapidly aggrandize our avant-garde Blockchain platform, as able-bodied as accommodate the Aggregation a command centermost for our Smart City Technologies.
Dr Ramesh Para, MD / CEO and one of the founding Directors of BCGTPL, stated, “The Board and Development Aggregation are aflame to assignment carefully with Black Cactus All-around Inc to add to our accepted and planned development projects. We accept a committed and accomplished aggregation bent to bear aloft and above the expectations of Black Cactus All-around and our added clients.”
Dr Ravindranath Kancherla, founding Director, stated, “BCGTPL is aflame to coact with Black Cactus All-around and will extend our abounding abutment with our Highly Skilled Programmers and accompaniment of art development center.”
About the Company
Black Cactus All-around is a technology development aggregation with a focus on Blockchain, apparatus learning, cryptocurrency, and the Internet of Things. We partner with ample corporations and specialised groups on all-around development and consulting projects in our key development areas of Fintech, agenda media, banking services, cyber security, and healthcare.
Our mission is to avant-garde the appliance of Blockchain and overlapping technologies to assure IP and the aegis of abstracts and banking transactions.
For added advice amuse appointment our website at: www.blackcactusglobal.com
Company Contact: Louis SilverTel: 1-610-710-1303 • Email: email@example.com; firstname.lastname@example.org
Safe Harbor StatementsCertain advice independent in this account absolution constitutes “forward-looking statements” as such appellation is acclimated in applicative United States and Canadian laws. Generally, these advanced statements can be articular by the use of advanced analogue such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates”, “intends” or “believes”, or that assertive actions, contest or after-effects “may”, “could”, “would”, “might” or “will be taken”, “occur”, or “be achieved”. Advanced statements are based on the opinions and estimates of administration as of the date such statements are made, and are accountable to accepted and alien risks, uncertainties and added factors that may account the absolute results, achievement or achievements of the Aggregation to be materially altered from those bidding or adumbrated by such advanced statements. Many of these factors are above the Company’s adeptness to ascendancy or predict. Important factors that may account absolute after-effects to alter materially and that could appulse the Aggregation and the statements independent in this account absolution can be begin in the Company’s filings with the SEC. Such risks and added factors include, amid others, the adeptness to locate and access adequate interests in another anesthetic accomplishment operations on agreement adequate to the Company, the availability of costs on adequate terms, accidents, activity disputes, acts of God and added risks of the another anesthetic industry including, after limitation, delays in accepting authoritative approvals or permits, appellation disputes or claims limitations on allowance coverage. The Aggregation believes that the expectations reflected in the advanced statements included in this account absolution are reasonable; however, no affirmation can be accustomed that these expectations will prove to be correct, and such advanced statements should not be disproportionately relied upon. The Aggregation assumes no obligation to amend or supplement any advanced statements whether as a aftereffect of new information, approaching contest or otherwise.
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