WPF Holdings Inc (WPFH)

[mmscoutregiment]

WPFH Announces $50 Million Initial Coin Offering (ICO)

Dec 27, 2017
OTC Disclosure & News Service

-

LOS ANGELES, CA, Dec. 27, 2017 (GLOBE NEWSWIRE) --

World Poker Fund Holdings, Inc. (OTC PINK: WPFH), a leading developer and operator of online and event-based social gaming platforms and brands, announces today that it will be participating in an Initial Coin Offering (“ICO”) through its new digital currency subsidiary to raise funding for its projects. The cryptocurrency will be filed with the U.S Securities and Exchange Commission under Regulation D 506(c) and allow accredited investors to realize income from dividend payouts in the form of cryptocurrency.

Once launched, the digital currency will be traded through a SEC-regulated Alternative Trading System (“ATS”). An ATS, also known as a multilateral trading facility (“MTF”), comprises a non-exchange trading venue that finds counterparties for transactions by matching buyers and sellers.

“We are excited to be developing a coin catered to the gaming world. This ICO will not only integrate our digital currency into casino games and apps, it also allows WPFH a funding mechanism to develop and integrate blockchain mining technology into our projects,” says Travis Kasper, Chairman of WPFH.

The cryptocurrency is currently scheduled to be launched by or before the second quarter of 2018.

Last week, WPFH announced that it has launched a new division which will allow for the integration and use of digital currency with its existing and future technologies and applications. In addition to acquiring a digital currency wallet, WPFH is developing and exploring cryptocurrency mining opportunities specifically geared toward its social gaming projects and its users. WPFH is planning to integrate blockchain mining into its social games, casino games, and applications.

About World Poker Fund Holdings, Inc.

World Poker Fund Holdings, Inc. is a leading developer and operator of online and event based social gaming platforms and brands. The company is currently in the final stages of launching its two-core celebrity driven social gaming brands for online poker and casino gaming. The company does not offer any games or gaming opportunities for cash in the United States and is not licensed as a gaming operator in the United States or any other jurisdiction.

To learn more about World Poker Fund Holdings (WPFH) and its upcoming events, please visit www.worldpokerfund.com

Safe Harbor Statement?

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.




Eddie Kwong
626-466-9734
[e-mail]
Primary Logo

Copyright © 2017 GlobeNewswire. All Rights Reserved


The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.


https://www.otcmarkets.com/stock/WPFH/news/WPFH-Announces--50-Million-Initial-Coin-Offering--ICO-?id=179035