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Everything Blockchain (OTCMKTS: OBTX) is set to lead the launch of PulseChain, a new blockchain ecosystem that promises 400% faster transactions and lower fees compared to Ethereum. In just five days, PulseChain has attracted over $500 million in commitments. The on-ramp period for PulseChain will last until August 4, 2021, after which the network will officially launch. Executives predict Everything Blockchain could generate between $50 million to $100 million in revenue during the inaugural year. Furthermore, the company's wallet will be publicly accessible, offering transparency to investors.
On July 15, 2021, Everything Blockchain (OTC: OBTX) announced an interview with CEO Eric Jaffe set to air on The RedChip Money Report® on Bloomberg TV on July 17 at 7 p.m. ET. The show targets small-cap investors and is accessible in approximately 73 million homes across the U.S. This interview aims to enhance visibility for Everything Blockchain, which specializes in blockchain technologies and decentralized processing. The company is based in Fleming Island, Florida, and focuses on software development and consulting in the blockchain sector.
Everything Blockchain, Inc. (OTCMKTS: OBTX) announced the filing of a provisional patent for its QueryChain technology on July 9, 2021. This innovation aims to offer instantaneous consensus within a blockchain, enhancing data security and dual ownership transfer. Following this, the company will conduct a four-week proof of concept. A Fortune 500 oil and gas company is already engaged under an NDA for operational deployment. CEO Eric Jaffe noted significant cost reductions in blockchain operations, while Chief Research Officer Cedric Harris emphasized advancements in data protection.
Everything Blockchain Inc. (OTCMKTS: OBTX) has launched a new corporate website aimed at enhancing investor outreach and providing comprehensive information about its growth strategy.
The company anticipates revenue of $14 million for the fiscal year ending January 31, 2022, and emphasizes its commitment to blockchain technologies with its patented QueryChainTM platform.
CEO Eric Jaffe highlights the planned infrastructure and business expansion initiated since April 2020, aiming to redefine the blockchain sector.
Everything Blockchain, Inc. (OTCMKTS: OBTX) has acquired 100% of the outstanding shares of 832 Energy Technology Consultants for $1.5 million, marking the second acquisition within three months. 832 Energy, generating over $500K annually with a 50% net profit, will continue to operate under founder Cedric Harris, now the Chief Research Officer. The company has also entered into two Letters of Intent for further acquisitions aimed at enhancing its blockchain capabilities and market presence.
Everything Blockchain, Inc. (OTCMKTS: OBTX) announced the completion of its due diligence to acquire Mercury, Inc., pending the Small Business Administration's determination on Mercury's Payroll Protection Program forgiveness application. Mercury has reported approximately $2.5 million in annual revenue with a 15% profit margin over the last three years. The acquisition aims to enhance Everything Blockchain's cyber security capabilities using blockchain technology, with plans for cryptocurrency mining in Idaho Falls. Both companies see potential synergies in combining their expertise.
Everything Blockchain, Inc. (OTCX: OBTX) reported a significant increase in financial performance for May 2021, with $3.5M in revenue and $1.5M in net profit, marking a 342% revenue growth compared to February-April 2021. This brings total revenue for the first four months of the fiscal year to $4.8M. The growth is attributed to the company's involvement with HEX, a high-yield certificate of deposit project. Management plans to purchase up to 10% of the company's common stock in the open market, showcasing confidence in the company’s future.
Everything Blockchain, formerly known as OBITX, Inc. (OTCQB: OBTX), will participate in a major cryptocurrency conference in Miami on June 4-5, 2021. This event is expected to attract 50,000 attendees, including notable industry figures like former Congressman Ron Paul and MicroStrategy CEO Michael Saylor. CEO Eric Jaffe emphasized the transformative potential of blockchain technology in reshaping transactions. The company plans to discuss its involvement in an upcoming Ethereum fork during pre-conference activities.
OBITX, now known as EVERYTHING BLOCKCHAIN, INC. (OTC: OBTX), reported strong financial performance for Q1 2021. Revenue grew by $1.1 million, reaching $1.15 million, while GAAP earnings per share improved significantly to $0.13 from a loss of $4.93 a year prior. Operating expenses plummeted to $711,000 from $48.2 million, marking a 68-fold decrease. The company also saw an increase in cryptocurrency assets, with net income reported at $767,000. CEO Eric Jaffe expects continued growth with upcoming mining operations and strategic acquisition contributing an estimated $2 million in revenue.
OBITX, Inc. (OTC Markets: OBTX) has announced its rebranding to Everything Blockchain, Inc. to better align with its focus on blockchain technology. The name change was officially filed in Delaware on May 19, 2021, and the company will seek to update its ticker symbol with FINRA. This strategic move reflects the company's commitment to global expansion and development in the blockchain sector. The rebranding includes a new logo and plans for a revised website set to launch in June 2021, aiming to enhance product offerings within the blockchain community.
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