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Re: Cameo Brien post# 595

Thursday, 12/21/2017 10:58:58 AM

Thursday, December 21, 2017 10:58:58 AM

Post# of 1373
$ENVV ~ LAS VEGAS, Dec. 21, 2017 (GLOBE NEWSWIRE) -- Black Cactus Global (OTC Markets:ENVV) (the “Company) is pleased to announce it will acquire 100% acquisition of the issued shares of World on Wireless (UK) Ltd (WOW), a company which provides white label payment systems and services on an international basis to banks, financial institutions, remittances companies and retail chains. The acquisition will generate recurring contractual revenue of nearly US$ 1,000,000, very similar to WOW ‘s present 2017 proceeds.

WOW’s services include mobile wallets, merchant payments, physical and on-line payment points, consumer credit products, PCI and closed loop card programs that are interconnected into all mobile payment networks and can be used by any mobile phone world-wide. WOW owns approximately US$ 2,000,000 of Intellectual Property for its programs and platforms which are licensed on 3 – 5 year rolling agreements which are backed with revenue generating technical and development support.

Black Cactus will retain WOW’s experienced software development and management team. Mr. John Mittens, WOW’s current CEO will be appointed the Executive Vice-President for New Business Development. Mr. Mittens has over 20 years of experience in the telecommunications industry managing major technical projects for both start-ups and mature companies worldwide. John has held senior executive positions with both, British Telecom and Cable & Wireless, as well as launching a number of highly successful start-up ventures including; the largest Fiber Optic network in Europe; the largest prepaid card company in the UK; and a number of mobile telephone gateway companies.

Lawrence Cummins, CEO of Black Cactus, states, “Black Cactus’ acquisition of WOW is one of the steps the company is taking in strengthening its position in the Blockchain payment services industry and with WOW’s expertize and IP it will be able to rapidly grow this business." Mr. Cummins further states, “I am very pleased to bring John Mittens onto our management team as it will increase the depth of our ability to provide and support a wider range of products and his knowledge of the payment card industry dovetails into our trading platform offering of fiat and crypto currencies."

John Mittens the CEO of WOW, states, “I am very pleased to become part of the future of Black Cactus Global, WOW has been developing a number of initiatives in crypto currency and Blockchain development which will be enhanced by the powerhouse of Blockchain IP owned by Black Cactus.”

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