Active Health Foods (CoinChamp) Announces Agreement with Top Software Firm Toward the Development of Plug-and-Play NFT Platform

Rhea-AI Summary

Active Health Foods, Inc. (OTC: AHFD), operating through CoinChamp, has signed a Statement of Work with software development firm MEV, LLC. The collaboration aims to initiate the discovery stage for CoinChamp's plug-and-play NFT platform, designed to simplify NFT creation and management. CEO Glen Bonilla emphasizes the potential to democratize NFTs, tapping into a vast market. The SOW marks the beginning of development, with further steps pending Company approval. Active Health Foods focuses on advancing its NFT initiatives following the acquisition of CoinChamp.

Positive

• Partnership with MEV, a reputable software firm with a strong client portfolio.
• Development of a user-friendly plug-and-play NFT platform aimed at a large market.

Negative

• The SOW represents only the initial stage, indicating potential delays in full platform development.
• Uncertainties surrounding project timeline and additional approvals required.

LOS ANGELES, Nov. 15, 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 NFTs, is excited to announce the signing of a Statement of Work (the "SOW") with MEV, LLC ("MEV"), a software development firm with more than 120 top software developers from around the world, and clients including Intuit, Cartier, and Simplr.

"We are committed to bringing NFTs to the masses," remarked Glen Bonilla, President and CEO of CoinChamp. "By creating an app that truly simplifies the process, we believe we can tap into a huge market and deliver something valuable that democratizes the NFT process and appeals to everyone."

MEV has been hired to undertake a discovery contract necessary for pricing the full development of CoinChamp's plug-and-play NFT platform. Management notes that this SOW represents only the initial stage of the development process, and additional work will need to be approved by the Company before proceeding.

The Company is working to create and deploy an easy-to-use plug-and-play platform for the creation of new NFTs. The planned platform will be designed to include a range of functionality related to creating, transacting in, and tracking NFTs and NFT portfolios. More details will be released soon.

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).

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SOURCE Coinchamp, Inc.

FAQ

What is the latest announcement from Active Health Foods (AHFD) regarding NFTs?

Active Health Foods announced a partnership with MEV, LLC to develop a plug-and-play NFT platform.

When was the Statement of Work signed by Active Health Foods (AHFD)?

The Statement of Work was signed on November 15, 2021.

How will the new NFT platform by Active Health Foods (AHFD) benefit users?

The platform aims to simplify the NFT creation and transaction process, making it accessible to a broader audience.

Who is the CEO of Active Health Foods (AHFD)?

Glen Bonilla is the President and CEO of Active Health Foods.

What are the risks associated with the NFT platform development by Active Health Foods (AHFD)?

The project involves uncertainties, including potential delays and the need for further approvals.