Appliqate Announces the Acquisition of ELEV8, a Leading Hybrid Event Platform Serving the Digital Asset & Blockchain Community

Rhea-AI Summary

Appliqate Inc. (OTC: APQT) has announced its acquisition of ELEV8, a hybrid event platform linking thought leaders and investors in blockchain and digital assets. This strategic move aims to enhance Appliqate's competitive edge within the $1 trillion global live events sector. ELEV8 hosts significant industry events, attracting major players including IBM and JP Morgan, amidst growing institutional investments in digital assets. The acquisition is expected to bolster educational efforts in the rapidly evolving digital landscape, as organizations increasingly adopt blockchain technologies.

Positive

• Acquisition of ELEV8 enhances Appliqate's competitive advantage in the live events sector.
• ELEV8's network provides access to key industry players and emerging tech sectors.
• Growing institutional interest in blockchain and digital assets supports potential revenue growth.

Negative

• None.

Sheridan, Wyoming, March 17, 2021 (GLOBE NEWSWIRE) -- Appliqate Inc. (OTC: APQT) announced the acquisition of ELEV8, a hybrid event platform for connecting corporate and enterprise thought leaders, executives, and investors of blockchain, distributed ledger technologies, and digital assets.

The company produces a lineup of in-person, hybrid and virtual events convening leading institutions at the forefront of digital asset transformation. Participating organizations include TDAmeritrade, State Street, IBM, JP Morgan, BlockFi, Celsius Network, NASDAQ, Chainalysis, Galaxy Digital, Ticketmaster, Bumble Bee Foods, FedEx, Gemini, Wisdom Tree, and many other global institutions.

Digital assets and blockchain have moved beyond proof of concepts and pilot projects. The industry is now seeing organizations utilize the technology in many new ways, along with the institutional investors pouring billions of dollars into bitcoin and other digital assets. NFTs (non-fungible tokens) have exploded in recent months. The NBA has sold over $200MM with their Top Shot initiative and the artist Beeple sold the highest priced NFT ever for $69.3MM. Additionally, large corporates such as Tesla have committed to digital assets with their bitcoin purchase of $1.5 billion and plan to accept the digital currency as payment.

“With the digital asset and blockchain community continuing to demonstrate impactful results, there is a great need to continue educating investors and other markets. ELEV8 convenes organizations that will share how they are successfully solving major challenges by leveraging emerging applications and building the financial infrastructure of the future,” said Todd Brockman, Co-Founder, ELEV8.

“The ELEV8 acquisition will broaden Appliqate’s competitive advantage by utilizing ELEV8’s global network focused on emerging tech sectors and is in alignment with Appliqate’s strategy to focus on the $1 trillion global live events and event tech sector,” stated Una Taylor, Founder and CEO.

About ELEV8

ELEV8’s vision is that emerging new technologies such as digital assets, cryptocurrencies, AI, and blockchain create a more interconnected economic global ecosystem, working to eliminate barriers to growth and creating increased value for stakeholders across all industries. We believe future technologies will serve as the foundation for new economic systems which are more efficient, open, and accessible. We believe future technologies will serve as the foundation for new economic systems which are more efficient, open, and accessible. Our mission is to enable that progress with industry research, distribution of the most current news and by hosting industry events that convene executives at the forefront of shaping the future of emerging technology. Our platform is home to the world’s leading tech experts; we collaborate with industry stakeholders across vertical markets and openly share insight. ELEV8 is at the forefront of shaping the future. View ELEV8’s research & industry content here: https://www.elev8con.com/industry-content/

About Appliqate Inc: Appliqate Inc is a publicly-traded technology development firm that provides businesses, executives and investors access to capital and innovative solutions by utilizing platforms and business models to disrupt industry sectors. With an emphasis on media, blockchain, live entertainment, and intellectual property, the company accelerates the growth of tech solutions in these markets. Appliqate’s management team represents a unique combination of technology development, operating, investing, financial and transactional expertise. 

Forward-Looking Statements: This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. Except for historical matters contained herein, statements made in this press release are forward-looking statements. Without limiting the generality of the foregoing, words such as “may”, “will”, “to”, “plan”, “expect”, “believe”, “anticipate”, “intend”, “could”, “would”, “estimate,” or “continue”, or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Forward-looking statements involve known and unknown risk, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Also, forward-looking statements represent our management’s beliefs and assumptions only as of the date hereof. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with the SEC including the Current Reports on Form 8-K and the Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. Except as required by law, we assume no obligation to update these forward-looking statements publicly or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

For more information contact:

Contact:
Una Taylor: Una@Appliqate.com
Inquires: Investorrelations@appliqate.com
305-507-3335 | www.appliqate.com

Attachment

• APQT

FAQ

What is the significance of Appliqate's acquisition of ELEV8?

The acquisition broadens Appliqate's competitive advantage and relevance in the $1 trillion live events sector.

How does ELEV8 contribute to Appliqate's business model?

ELEV8 connects corporate leaders and investors in blockchain, enhancing educational initiatives in the digital asset realm.

What organizations participate in ELEV8 events?

Participating organizations include major institutions like IBM, JP Morgan, and NASDAQ, showcasing its industry significance.

What market trends support Appliqate's focus on digital assets?

Increasing institutional investments and the growing adoption of blockchain technologies signal a robust market environment.

When was the acquisition of ELEV8 announced?

The acquisition was announced on March 17, 2021.