Active Health Foods (aka "CoinChamp") Announces Financing Measures to Drive the 2022 Live Launch of Universal Plug-and-Play NFT Platform

Rhea-AI Summary

Active Health Foods, Inc. (OTC: AHFD), operating under the brand CoinChamp, has launched a $15 million Regulation A+ funding campaign to develop a universal function NFT platform. This platform aims to democratize access to the NFT marketplace, allowing users to participate without prior expertise. The company has engaged MEV, LLC for development and plans to optimize its existing CoinChamp prediction platform. The offering price is set at $0.0015 per share, facilitating rapid development of essential software assets.

Positive

• Launch of a $15 million funding campaign to support the NFT platform's development.
• Engagement with MEV, LLC for initial software development, indicating professional partnership.
• Focus on democratizing NFT access, potentially increasing user engagement in the marketplace.

Negative

• None.

LOS ANGELES, Nov. 18, 2021 /PRNewswire/ -- Active Health Foods, Inc. (OTC: AHFD) ("CoinChamp" or the "Company"), a Los Angeles-based Company with primary development-stage operations in Cryptocurrency and non-fungible token ("NFT") markets, is pleased to announce the launch of measures to fund the development of the Company's market-leading plug-and-play universal function NFT platform vision.

Proceeds will be primarily deployed for the rapid development of a market-leading plug-and-play universal function NFT platform targeting ease of use and the democratization of the NFT marketplace. As announced in its release dated November 16, the Company recently signed a Statement of Work with MEV, LLC, a leading software development firm, to undertake the initial stages of the development of the platform.

"We have an aggressive timeframe for development and deployment of core technology underpinning our NFT platform vision," noted Glen Bonilla, President and CEO of CoinChamp. "As recently discussed, we have already established our development team and vision. This round will ensure we are able to move fast and maintain a high standard of functionality in creating the most user-friendly universal plug-and-play tool in the NFT space. By the time we launch, we want anyone and everyone to be able to participate in the NFT marketplace without prior experience, expertise, or training with just a few clicks."

Additional funds raised will be earmarked for further optimization of the Company's CoinChamp prediction platform (currently available on the iOS App Store) and for the acquisition of profitable companies currently operating in the cryptocurrency space.

Funding has been organized as a Regulation A+ campaign set to launch following the qualification of the Company's Form 1-A offering by the U.S. Securities and Exchange Commission. The $15 million fundraising campaign has been greenlit with an offer price of $0.0015 per share. This fixed price equity funding round will serve to finance the development of productive core software assets germane to the launch of the Company's principal commercial-stage operations as a plug-and-play platform provider for the NFT marketplace.

This press release does not and shall not constitute an offer to sell, or the solicitation of an offer to buy, the securities discussed herein. For more information, please see the Company's Form 1-A Regulation A Offering Statement.

About Active Health Foods (CoinChamp)

Active Health Foods recently acquired CoinChamp, Inc., and the operations of CoinChamp now represent the operations of the entire Company. CoinChamp is developing a platform for the plug-and-play creation of non-fungible tokens. More details will be disclosed in the near future. Glen Bonilla, President and CEO, is an experienced serial entrepreneur with an extensive banking background, years of managerial experience, and a fresh vision as a tech savvy millennial CEO.

Forward Looking Statements

This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including "could", "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential" and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results. Investors should refer to the risks disclosed in the Company's reports filed from time to time with OTC Markets (www.otcmarkets.com).

Public Relations
EDM Media, LLC
https://edm.media

 

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SOURCE Coinchamp, Inc.

FAQ

What is Active Health Foods' funding campaign for?

Active Health Foods is launching a $15 million funding campaign to develop a universal function NFT platform.

When did Active Health Foods announce their NFT platform?

The announcement regarding the NFT platform was made on November 18, 2021.

What is the share price for Active Health Foods' funding campaign?

The offering price for the funding campaign is set at $0.0015 per share.

Who is developing the NFT platform for Active Health Foods?

MEV, LLC has been engaged to develop the initial stages of the NFT platform.

What is the purpose of the NFT platform being developed by Active Health Foods?

The NFT platform aims to provide a user-friendly experience, allowing individuals to participate in the NFT marketplace easily.