Sativa Growth International (SAGD)

[ammobox]

South American Gold Corp Announces Development of a Two Stage Merchant Services System
Dec 04, 2017

OTC Disclosure & News Service

Las Vegas, NV -

South American Gold Corp (OTC: SAGD), is proud to announce that its Sarge Delphi Division has begun development of stage two of the PotPons Merchant Services System (potpons.com) dedicated to the medical marijuana industry.

The PotPons Merchant Services System is a multi-faceted payment acceptance and processing system providing for a fiat currency payment alternative for the purchase and sale of legalized medical marijuana and its associated goods and services.

PotPons Merchant Services System shall be designed around the acceptance and processing of the digital currency (cryptocurrency) PotPons coin, for the legal marijuana industry. This industry is projected to exceed $55.8 Billion by 2025.

About The Coin:

The PotPons coin, which is an Ethereum based token set as a tradeable coin, is being deployed through a joint venture with an online exchange, which shall initially be a tradeable crypto on an online exchange. The projected market entry value of each coin is set to have an equivalent value in USD of $0.25. With the market entry of the PotPons coin, the coin will then begin community awareness to create requests for submissions to a number of other high level cryptocurrency exchanges.

The proceeds from purchase of the coins, which is expected to be available for purchase in December, 2017 to the general public through the online exchange, is designated to continue the growth of development of the system, sales and marketing, and the funding of the deposit accounts for merchant coin conversion to fiat currency. The option for an Initial Coin Offering is in development and will be launched into the marketplace if it is needed to increase the circulating supply, increase development funding, and once the Initial Coin Offering meets any legal filings required.

David Reeves, CEO of South American Gold Corp, stated, "We understand that we are not the first to attempt to enter into the legal marijuana market with a cryptocurrency, however SAGD has a long history in this market with a vast understanding of the legalese associated with the payment for goods and services. We have studied the performance of our competitors and we believe we have a strategy that can provide us with a fast moving positive adoption by both consumers and merchants."

About The Merchant Services System:

PotPons Merchant Services is a two-sided Consumer and Merchant use system allowing for the purchase of goods and services with the PotPons cryptocurrency.

Consumer use shall be provided through the PotPons consumer app which will allow a consumer to purchase the currency, locate merchants and vendors within a geographical region, receive PotPons exclusive special offers, and purchase their desired goods and services.

Merchant use shall be provided through both a desktop and mobile merchant application for "brick and mortar" dispensaries and service providers, providing merchants the ability to process confirmed transactions in real time. Merchants shall be able to accept PotPons as payment, convert to fiat currency, buy other services and goods with their received PotPons, manage their targeted consumer database, receive exclusive advertising special rates within the PotPons consumer app and through affiliated partners, and locate PotPons users within searchable geographical radiuses in real time.

An Ecommerce version of the Merchant Services System shall provide for an API payment acceptance program for merchants to process PotPons acceptance via their online store.

About South American Gold Corp:

South American Gold Corp is a publicly traded company on the OTC under the symbol SAGD, focused on enhancing shareholder value by acquiring and operating undervalued assets.

For more information:

Corporate Website: www.sagdcorp.co

Media contact: [e-mail]

General contact: [e-mail]

Disclaimer: This release contains forward-looking statements that are based on beliefs of South American Gold Corp. management and reflect South American Gold Corp.'s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release the words "estimate," "project," "looks," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of South America Gold Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, South American Gold Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release may incorporate by reference the Company's reports and other filings. Investors are encouraged to review all filings. There is no assurance South American Gold Corp. will identify projects of merit or if it will have sufficient financing to implement its business plan. There is no assurance that the Company's due diligence on the potential projects and/or acquisitions will be favorable nor that definitive terms can be negotiated. Investors should consult their financial advisor before making an investment in a company.


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