Cipher-Core, Inc. Completes Reorganization

Rhea-AI Summary

CIPHER-CORE, Inc. (formerly CMK Gaming International, Inc.) has successfully completed its reorganization as of March 14, 2022. The company has also changed its name and stock symbol to CFCI, with FINRA approval. Significant management changes were implemented, featuring new directors and executives with notable backgrounds, including a former research affiliate from MIT and finance professionals. The company's advancements focus on quantum-resistant cryptography, enhancing communication security, IoT systems, and developing technology for Central Bank Digital Currency.

Positive

• Successful reorganization and name change to CIPHER-CORE, Inc. (CFCI) approved by FINRA.
• New management team with highly qualified professionals from diverse fields including MIT and finance.
• Development of advanced quantum-resistant cryptography technologies for secure communication and digital currency.

Negative

• None.

Agreement and Plan of Reorganization

AUSTIN, TX / ACCESSWIRE / December 7, 2022 / CMK Gaming International, Inc. (Pink sheets CMKI) ( Colorado Corporation) and CIPHER-CORE Co.,Ltd. a Japanese Corporation(CIPHER), signed an AGREEMENT AND PLAN OF REORGANIZATION on February 17^th, 2022 (Agreement) and closed on March 14^th, 2022. The Company has changed its name to CIPHER-CORE, Inc. (Pinksheets CFCI) and the company applied immediately for a name change and symbol change to Finra which has now been approved.

NEW DIRECTORS and OFFICERS

All of the directors and officers were replaced pursuant to the Agreement as follows:

Riichiro Nakamura, Chairman, Director ( Founder of Nakamura Group)
Takatoshi Nakamura, CEO, President , Director ( Former Research Affiliate of MIT )
Masayuki Tsuda, Secretary, Director ( Certified Public Tax Accountant)
Motoyuki Odachi, COO, Director ( Former Parliamentary Vice-Minister of Finance, CPA)
Koji Sasaki, Director ( Honorary Pres. of Japan Stanford Assoc. and MIT Club of Japan)
Koichiro Ito, Director ( Attorney)
Daisuke Taketani, Office Manager ( Former Employee of Goldman Sachs)

Takatoshi Nakamura, CEO, holds four engineering degrees from the Department of Mechanical Engineering, Graduate School of Science and Engineering of Keio University, Tokyo, Japan and the Department of Ocean Engineering, Department of Mechanical Engineering and Department of Civil and Environmental Engineering of Massachusetts Institute of Technology, Cambridge, Massachusetts, USA.

After working at McKinsey & Company, Japan, Mr. Nakamura became a research affiliate of MIT, studying Computer Architecture and Information Security. Mr. Nakamura succeeded in developing a Cognitive Processor, which is a non-Von Neumann logic circuit. He then perfected cryptography and sublimated it into complete cipher with quantum computer resistance. As its applied technology, we have developed an end-to-end protection technology for communication system, a remote authentication technology for IoT system, and a crypto cash technology which will be used without ledger for CBDC (Central Bank Digital Currency) and crypto securities.

Investors Relations:

Claire Singleton
Tel: 801-580-9928
Email: clairesingleton@aol.com

SOURCE: Cypher Core, Inc

View source version on accesswire.com:
https://www.accesswire.com/730459/Cipher-Core-Inc-Completes-Reorganization

FAQ

What is the recent change in the company's name and symbol for CFCI?

CIPHER-CORE, Inc. has changed its name from CMK Gaming International, Inc. and its stock symbol to CFCI, effective March 14, 2022.

Who are the new directors and officers of CIPHER-CORE, Inc.?

The new management team includes Riichiro Nakamura as Chairman and Takatoshi Nakamura as CEO, among others with significant backgrounds in technology and finance.

What technologies is CIPHER-CORE focusing on?

CIPHER-CORE is developing quantum-resistant cryptography, secure communication systems, remote IoT authentication, and technology for Central Bank Digital Currency.

When was the reorganization of CIPHER-CORE, Inc. completed?

The reorganization was completed on March 14, 2022.