Pune, India, March 01,2018/Free-Press-Release.com/ -- Primechain Technologies - India based institutional payment and settlement infrastructure provider that uses blockchain technology is said to be in negotiation to reverse merge with Highlight Networks, Inc. (OTC Pink Sheets: HNET).
The merger would be the first Primechain investments to become a public company. "The decision to go public was to provide global exposure to a successful Indian Fintech company as well as to get an access to capital markets as we move further innovating blockchain technology solutions," Rohas Nagpal, Primechain’s CEO, said in a statement.
About Highlight Networks
Highlight Networks, Inc. was formed on June 21, 2007 as a Nevada corporation. The Company has reverted to shell company status on June 18, 2015, as disclosed on Form 8-K filed on January 27, 2017. The Company has no current operations or revenue nor any assets. For the period from June 18, 2015 to the date of this filing, company had no operating activities and is quoted on OTC Pink Sheets throughout fiscal year 2017.
About Primechain Technologies
Primechain Technologies is key in developing blockchain-based solutions for the banking system of India and abroad. As part of BankChain, a collaboration of 27 banks from India and the Middle East, Primechain is developing a blockchain powered technology platform for authentication, verification and storage of electronic records.
Primechain maintains the Blockchain Security Controls, the open source YobiChain project and Primechain-CONTRACT a private blockchain based solution for document storage, authentication, and verification. Primechain is also developing the world's first multi-node, pre-configured blockchain appliance. Primechain solutions are relevant for various sectors including Banking & Financial Services, Government, Healthcare & Pharmaceuticals, Insurance,Manufacturing,Aviation,Shipping&Logistics,Telecommunications, Defense & Military.
