News Release 8/29: LAS VEGAS, Aug. 29, 2017 (GLOBE NEWSWIRE) -- Envoy Group Corp.(ENVV) (the “Company” or “Envoy”), a digital currency and Blockchain technology company, today issued a statement to shareholders in regards to its ongoing operations, its plans to monetize opportunities in the cryptocurrency sector and its SEC reporting status.
“Recently, there may have been confusion regarding Envoy's required financial reports and current status of the company,” stated Harp Sangha, Envoy Group’s Chief Executive Officer. “At present, Envoy Group is completely up to date on all required SEC financial reports. On the business side, we have made tremendous progress in ramping up our operations, commencing commercialization and creating a plan to increase revenue.”
Over the past year, the price of Bitcoin surged more than 600%, while Ethereum has soared more than 1,000% in the last six months alone. These extraordinary increases in the value of Blockchain technology-based crypto-currency assets, aligned with the increasing involvement of major financial firms, such as Goldman Sachs and JP Morgan, demonstrate that crypto-currencies are now entering mainstream acceptance, and validates our growth strategy.
Successfully tested several Graphic Processor Units (GPUs) at the BitReturn processing facility Current mining operations have yielded gross profits in excess of 45% Received shipment of BitReturns’ first large block of cryptocurrency mining hardware Added over 500 Nvidia revenue producing GPUs to mining efforts Implemented a new operating system that increases efficiency by centrally managing all mining hardware reducing labor costs and improving scalability Revenue Creation Plan :
In addition to the cryptocurrencies currently being profitably mined we are reviewing the addition of DASH ASIC miners to our mining centre as well as to diversify and greatly increase our revenue stream by bringing on traditional datacenter clients into the existing facility.
Opportunities in Cryptocurrency Sector :
Envoy is currently reviewing several transformative Blockchain applications for asset management and within the financial sector to facilitate crypto to fiat currency transactions.
About Envoy Group, Corp.(ENVV) Envoy Group, Corp. (ENVV) is a digital currency and Blockchain technology company. BitReturn, a division of the Envoy Group Corp.(ENVV), has first targeted a high positive cash flow method of Mining of Digital Currencies that has been de-risked by employing the most effective Graphic Processor (GPU) technology and BitReturn’s secure Tier3 (T3) facility in Kamloops, B.C. Hundreds of 7 to 13 GPU arrays will be working 24/7 within the climate controlled facility. Mining of Digital Currencies will be constantly directed to which currencies provide maximized profitability. New digital coins drop into the world every 10 minutes and BitReturn will be there to catch them. Block Chain is an incorruptible publically distributed digital ledger that allows for transparent and secure validation of online information.
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