Evolution Blockchain Group Inc. (EVBC)

[TAswing]

8k REVIEW- TECHNOLOGY LICENSING AGREEMENT (MAR 8, 2017)

Link to Source Here

I started reading more about the company since I may hold a position for a while. I read the most recent 8k to better understand the relationship between GRMX and Garmatex Technologies.

I did read on the risks related to the business (from page 8 of 27) but it is not my focus here. Everything is new about GRMX itself so I will try to put some more time understanding Garmatex Technologies history and recent developments.

EXCERPTS FROM RECENT 8k


We entered into and executed a non-exclusive Sublicense… with Garmatex Technologies, Inc.

…we were granted various Intellectual Property Rights related to the design, development and manufacturing of various scientifically-engineered fabric technologies and performance technologies; including a patented T3® design, Bact-Out®, CoolSkin®, WarmSkin®, Kottinu™, ColdSkin™, SteelSkin™, Satinu™, CamoSkin™, RecoverySkin™, SlimSkin™, AbsorbSkin™ and IceSkin™…

… we acquired the rights to further develop, commercialize, market and distribute certain proprietary inventions and know-how related to the Products…

… our company ceased to be a shell company (…) because we believe we are now able to fully exploit our intended business model. Due to a dearth of available financing options, which has affected many junior mining companies in recent years, we subsequently ran out of funds to proceed with our planned exploration program. As a result, our management decided to seek out other potential business operations and management skills for the continuation of our business.

Effective August 15, 2016, we completed a merger with our wholly-owned subsidiary, Garmatex Holdings. Ltd., a Nevada corporation, which was incorporated solely to effect a change in our name. As a result, we have changed our name from “Oaxaca Resources Corp.” to “Garmatex Holdings Ltd.”.

MARKET POTENTIAL

Due to the competitive nature of the sports world, within which persists a constant need for extra advantage, performance-based product has skyrocketed in sales in recent years and will continue to see significant growth. Estimated at $150 billion today, Allied Market Research forecasts “the world sports apparel market is expected to generate revenue of $184.6 billion by 2020.”

PRODUCT DARREN (CEO OF GARMATEX TECHNOLOGIES) IS SO EXCITED ABOUT

Garmatex’s Kottinu ® – with the antimicrobial properties of Bact-Out® – is poised to penetrate the medical segment as an alternative to non-performing, cotton-based materials or materials based on synthetics that are more susceptible to harbouring microbial growths.

SHARE STRUCTURE

Our Articles of Incorporation authorize us to issue 1,125,000,000 shares of common stock, par value $0.001. As of the date of this Current Report 35,392,641 shares of our common stock were issued and outstanding and we have zero shares of our common stock reserved for options, warrants and other commitments.