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Any name change yet?
Lol, that must be a difficult thing to do.
$CHIF CHIF Announces Planned Rebranding and Name Change to Championship International Fintech Inc. as Part of Esports Business DirectionPress Release | 04/04/2022
London, UK, April 04, 2022 (GLOBE NEWSWIRE) -- China Food and Beverage Company (OTC Pink: CHIF), an Esports and Blockchain Consortium Venture company, today announced that it plans to change its name to Championship International Fintech Inc. as part of an overall rebranding of the Company and its business units and entrance into the massive Esports arena. The name change reflects the company's hybrid strategy into the Esports and Blockchain sectors, where both markets are growing very rapidly.
CHIF management believes the timing is right to enter the booming Esports and Blockchain markets. The global Esports market revenue was valued at just over $1 billion in 2021 and is being projected to grow 400% in the next seven years to an estimated $4.28 billion by 2027. As competitive video games continue to integrate into popular culture, global investors, brands, and media outlets are all paying attention. Consumers are as well. In fact, there will be 29.6 million monthly Esports viewers in 2022, up 11.5% from 2021, according to our estimates.
https://www.insiderintelligence.com/insights/esports-ecosystem-market-report/
The global blockchain services market is expected to grow from $2.94 billion in 2021 to $4.65 billion in 2022, at a compound annual growth rate (CAGR) of 58%.
https://finance.yahoo.com/news/blockchain-services-global-market-report-164000559.html
Mr. Yuen Wong, Chairman of CHIF and Silverbear Capital partner stated, “This is a rebranding process of the Company, as part of our new corporate strategy and we are determined to take the Company to the next level. From our promising research, the industry has seen a huge uptick in investment from venture capitalists, and more recently from private equity firms. The number of investments in Esports doubled in 2018, going from 34 in 2017 to 68 in 2018, as per Deloitte. That is reflected in the total dollars invested also. Investments are up to $4.5 billion in 2018 from just $490 million the year before, a staggering YoY growth rate of 837%, as per Deloitte. These investments are distributed to players across the Ecosystem, from Esports organizations, to tournament operators, to digital broadcasters, allowing it to function and grow.”
Jeff Au, CEO of CHIF and Silverbear Capital partner stated, "We are also positioning ourselves into the Blockchain business combining, the GameFi and Esports model, which is unique in this market. We believe the joint chemistry of Esports and Blockchain strategy will be the first of its kind in the market space.
Last month, CHIF announced the appointment of Bitmart Cryptocurrency Exchange https://www.bitmart.com Managing Partner, Mr. Yuen Wong, as the Company’s Chairman of the Board of Directors effective immediately. BitMart is a premier global digital asset trading platform with over 5.5 million users worldwide and ranked among the top crypto exchanges according to CoinGecko. BitMart currently offers 600+ trading pairs with one of the lowest trading fees in the market. Bitmart's platform supports over 220 cryptocurrencies and has a 24-hour trading volume of approximately $1.5 Billion according to coinmarketcap.com https://coinmarketcap.com/exchanges/bitmart/.
As a tech-savvy blockchain enthusiast, Mr. Wong also acts as an advisor to many successful blockchain projects. He is the CEO of LABS Group Limited https://labsgroup.io , the world's first end to end Blockchain powered real estate digital investment platform that provides access to fractionalized property and business ownership. LABS is taking a proactive role in spearheading the Esports hotel business, and capitalizing on the current GameFi and Metaverse trend.
Mr. Wong also works as a strategic partner with Arena Esports Hotel www.arenaesportshotel.com, and has assisted by tokenizing the properties and offering them on LABS crowdfunding platform. The first project is located at Bugis Village, Singapore, which is the largest Esports hotel in Southeast Asia and the world’s first hotel with VR concepts. The plan is to expand to 50 locations through the partnership and franchise model in 3-5 years and reach over 2,733,000 people in-residence. Arena Esports Hotel is currently expanding in Southeast Asia, targeting Cambodia, Malaysia and Vietnam.
Mr. Wong currently serves as a co-founder GEMS https://thegems.gg/GEMS , an Esports 3.0 aggregator platform within the online and offline communities. It propels Esports into 3.0 by integrating GameFi, Mataverse and SocialFi elements, and leverages on Arena Esports Hotels, in order to integrate the young population into the new sharing economy.
Silverbear Capital Inc. https://www.sbcfinancialgroup.com.hk/, a leading, global investment banking and advisory firm, will be advising NSAV on strategic matters related to this transaction.
Silverbear Capital Inc. (SBC) has a dynamic of disciplines on a broad commercial level and practice. SBC has a strong group of Partners in a wide range of disciplines with seasoned experience in finance, management, and professional practice. https://www.sbcfinancialgroup.com.hk/meet-our-team/.
Disclaimer: Silverbear Capital Inc. does not constitute investment advice, or an offer or solicitation to sell, or a solicitation to buy, or any other investment product (nor shall any such shares or product be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction.
CHIF’s vision is the establishment of a fully integrated technology company that provides turnkey technological solutions to the Esport, Cryptocurrency, Blockchain and Digital Asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, advisory services, financial services and information technology.
For further information, please contact CHIF at info@chiftech.com
The CHIF Twitter account can be accessed at https://twitter.com/chif_tech
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of China Food and Beverage Company to accomplish its stated plan of business. China Food and Beverage Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by China Food and Beverage Company or any other person.
Contact
China Food and Beverage Company
info@chiftech.com
Bid is at $1, that’s a start!
Agreed. With Yuen Wong's involvement now, I expect we will see some some more regular news, clarity in direction as well as some potentially big projects.
Won't take much to make the SP run.
New name let's them keep the ticker
I suppose that saves them some money and time having to deal with FINRA.
We're starting to get more news flow. I hope this means some deals are on the horizon. Won't take much buying to drive the share price to $3-$4.
CHIF announces planned rebranding and name change to Championship International Fintech Inc.
https://www.mcapmediawire.com/chif-announces-planned-rebranding-and-name-change-to-championship-international-fintech-inc-as-part-of-esports-business-direction/
Talking about some sort of branding campaign too
"Tuesday's CHIF press release also announced our upcoming plans for rebranding, as part of CHIF's entrance into the Esports arena. Stay tuned, our rebranding strategy is coming soon."
At least we're starting to get updates after months of no news flow. If we could get a similar market cap as N$AV, I think most shareholders would be very happy given CHIF's superior share structure.
Actually sort of…the PR about the new Chairman of the Board says in it that they will soon be filing for a name change. If that happens it will rock this thing
BOOM is coming soon!!!
Yeah I’m kinda sorta ok with losing that name forever and ever!
Wait, you don’t like China Food and Beverage???
All in fun Crypto!
Let's hope the business updates happen more frequently
There's obviously been a dearth of updates for the better part of the past year. If we get some accretive deals, the stock price, with this share structure, will take care of itself.
N$AV peaked at market cap of over $900mm last year.
Yes for sure..and more volume like today and then more
Obviously true, BUT it's gonna take some solid news to move the stock price up. That's what I'm waiting/looking for.
It’s huge compared to the last few months
Well, Sonic, this volume ain't exactly setting any new world records. :)
I do too, I did very well on the last run about a year ago and quietly loaded up when the volume dried up.
There was a run here about a year ago (when I got in) which was cheerleaded by a moderator "stervc" (I think). Apparently he went on to other tickers. I've held since then (I'm very patient) hoping for another run. If this is a true run based on REAL news, then we might have something. I'm not predicting; just hoping.
From your computer to God's ears.
CHUG CHUG~ LOOKIN FOR PAPER AGAIN~ $CHIF
Don't forget about the share structure... about as good as it gets. This thing moves on AIR,
https://www.otcmarkets.com/stock/CHIF/security
I smell a RUN coming....
Awesome that now there is a name change coming!
Just SBC Investor Relations Promoting Another Tilton Business as his other Company going DOWN....
Good news on Friday
I hope Yuen Wong can help increase the pace of news flow (shouldn't be hard given it's been non-existent for the past 9 months). I wasn't a fan of the Moshn deal, so I hope they move past that and focus on true esports/gaming/blockchain deals.
Yuen Wong has a much better share structure to work with here vs. NSAV, so let's hope he can create significant value.
A little beer moner can go a long way here. Low float plays with volume create booms.
we will see next hoping
We are ALIVE!
thx nice bump at the end
The guy from silverbear
who is wong? been holding this for ever
Yep, coming together. Thanks, Namtro.
WOWZA!!!
Wong has been announced as CHIF’s CoB! ??????
It’s all coming together!!! ??
Waiting on Q to see progress….
A DD pack I put together for $CHIF which breaks down the BOD as well as the MOSHN team:
https://docs.google.com/document/d/1zWNBwWpmgEoNYjyzMkMrubGEP_WZzvit1CXQd1XfSu0/edit?usp=drivesdk
Example of what could happen
AMRR announced a merger last night and the stock is up over $2 (371%) from yesterday's close. Similar share structure and float.
We just need Silverbear to make some substantive announcements.
Not sure what you mean
Given the float, shares outstanding and no debt, a decent acquisition will drive the share price over $2 quickly IMO. It's happened time and again in OTC land with companies that have inferior capital structures. They've told us that there's multiple deals in the hopper. Let's see what happens.
I think Silverbear knows that this company has the best share structure of the bunch (i.e NSAV, TNMD etc.), so they're trying to line up good deals merge into this ticker. I guess this Moshn deal ran into some snags too, and it was supposed to be the first deal to get done. Personally, I'd rather they walk away, but it's only 8mm shares and Moshn seems to be making some progress with its device and on-demand streaming platform.
It's a good thing that management has chosen to keep quiet rather than set expectations. When there's substantive news, the stock will explode higher IMO.
Like last PR, ?
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https://twitter.com/chif_tech
PINK CURRENT
CHIF ANNOUNCES ENTRY INTO CRYPTOCURRENCY, BLOCKCHAIN AND DIGITAL ASSET ARENA
Press Release | 02/22/2021
China Food and Beverage Company (OTC: CHIF), today announced that the Company will be entering the cryptocurrency, blockchain and digital asset technology arena. The management of CHIF believes that with the recent success of Bitcoin https://www.bitcoin.com and the impending IPO of Coinbase https://www.coinbase.com ,
the time is now for CHIF to make its entrance into this booming industry. The Company feels it has the expertise, industry contacts, affiliations and investing banking relationships to participate in one of the globes most dynamic and exciting sectors.
President of CHIF stated, With Bitcoin now at all time highs of over $50,000. and the upcoming IPO of Coinbase being projected in the range of $300. per share, we believe that this move will benefit all CHIF shareholders.
CHIFs vision is the establishment of a fully integrated technology company that provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, advisory services, financial services and information technology.
For further information please contact CHIF at info@chiftech.com
https://twitter.com/chif_tech
Twitter Message from CEO
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