Intellabridge Technology Corp (KASHF)

[1 day sun 4 all]

February 5, 2019

https://webfiles.thecse.com/NITE_CSE_Form_7_-_Monthly_Progress_Report_January_2019.pdf?jMX8xHgAfDnQGKpLPv0WdUgxK6FOys33

" MONTHLY PROGRESS REPORT - January 2018
Date: February 5, 2019

…

Report on Business

1. Provide a general overview and discussion of the development of the Issuer’s business and operations over the previous month. Where the Issuer was inactive disclose this fact.

Cryptanite is a technology company building blockchain solutions for a variety of sectors including financial technology, marketplaces, and virtual reality social networks.
The company is also exploring the application of blockchain technologies to other sectors such as real estate, healthcare and telecommunications.

Cryptanite’s core technology is the Cryptanite mobile app which is a peer-to-peer marketplace with innovative UX making it easy for users to purchase and trade diversified bundles of crypto tokens as well as access cryptocurrency news and charts. The Cryptanite App includes a variety of pre-configured baskets such as the “HODL” bundle,
and “SIZE” bundle, as well as the option to create customized bundles. The App is designed to provide a secure, easy-to-use and frictionless process to buy, trade, and store a diversified collection of several dozen crypto tokens, including Bitcoin, Ethereum, Ripple, Stellar and Dash. The app is available in the Apple and Google Play stores.
The Cryptanite ecosystem has a growing portfolio of innovative features on its mobile platform and continues to develop innovative solutions on the front range of blockchain technologies.
The ChargaCard platform is a payment processing platform for the informal credit markets.

2. Provide a general overview and discussion of the activities of management.

Management of the Issuer continues to build strategic partnerships in the blockchain sector with a focus to grow its revenue generating blockchain consulting business which is designed to provide clients with the business analytics, project management and technology solutions to build blockchain technology products and platforms for clients.

3. Describe and provide details of any new products or services developed or offered. For resource companies, provide details of new drilling, exploration or production programs and acquisitions of any new properties and attach any mineral or oil and gas or other reports required under Ontario securities law.

The Issuer has been developing its peer-to-peer cryptocurrency exchange and cryptocurrency bundles, as well as developing a marketplace for cryptocurrency and blockchain app which is in the final stages of testing and expected was launched in January 2019.

Additional features which are currently in R&D phase include:

- Chat: an instant messaging “chat” feature to the app allowing users to
communicate on the platform, share ideas, further enhancing the Cryptanite ecosystem.

- User Rankings (based on the CrypaKings performance model): which rank the performance of users of the platform to help identify experts and build an expert and influencer network. The system currently tracks Twitter influencers.

- DollaCoin: is a stable coin which will be linked to the US Dollar and will allow users to store tokens in their decentralized DollaBank account. The target market is primarily mobile underbanked people globally. The coin is currently in development and scheduled for alpha release in 2019.

- Cryptanite Payments (CryptaPay) Cryptanite has developed a payments app that makes it easy for users to spend their cryptocurrencies online and at retail locations. The app is currently in beta. Cryptanite is exploring integration of the core features into the Cryptanite app.

- Cryptanite Mining: the Company is also exploring mobile cloud mining facilities as an additional feature within the Cryptanite ecosystem.

- Codius Cloud: the Company launched Codius cloud in Q2 2018 offering cloud hosting solutions for decentralized applications. The Codius hosting platform makes it easy to build, deploy and run decentralized applications. The solution is currently undergoing market feasibility.

...

5. Describe any new business relationships entered into between the Issuer, the Issuer’s affiliates or third parties including contracts to supply products or services, joint venture agreements and licensing agreements etc. State whether the relationship is with a Related Person of the Issuer and provide details of the relationship.

[color=red]- An IT Professional Services Agreement (frame agreement) between Cryptanite (the Issuer) and Intellabridge LLC (a wholly owned subsidiary of ChargaCard, Inc.) and an Additional Agreement #1 for performance of IT services (specific scope of work)[/url][tag]insert-text-here[/color]

6. Describe the expiry or termination of any contracts or agreements between the Issuer, the Issuer’s affiliates or third parties or cancellation of any financing arrangements that have been previously announced.

- Termination of the Data Services Agreement between ChargaCard Inc. (a wholly owned subsidiary of the Issuer in the US) and Travel Data Solutions LLC

7. Describe any acquisitions by the Issuer or dispositions of the Issuer’s assets that occurred during the preceding month. Provide details of the nature of the assets acquired or disposed of and provide details of the consideration paid or payable together with a schedule of payments if applicable, and of any valuation. State how the consideration was determined and whether the acquisition was from or the
disposition was to a Related Person of the Issuer and provide details of the relationship.

- Creation of intangible assets (commercial videos, created in-house)

8. Describe the acquisition of new customers or loss of customers.

- Cryptanite – new customers download the mobile application
- ChargaCard – new customers sign up with the ChargaCard platform

9. Describe any new developments or effects on intangible products such as brand names, circulation lists, copyrights, franchises, licenses, patents, software, subscription lists and trade-marks.

ChargaCard Inc. (a wholly owned subsidiary of the Issuer in the US) filed an application for the trademark “Cryptanite” on November 17, 2017. The trademark was approved by USPTO, but on March 5, 2018 Warner Brothers Entertainment Inc. filed an objection to use the mark CRYPTANITE. ChargaCard Inc. promptly responded to the objection, but on April 23, 2018 Warner Brothers Entertainment Inc. filed a Notice to
Objection.
ChargaCard Inc. involved the legal firm Neugeboren O’ Dowd PC to handle the case. Neugeboren O’ Dowd PC provided a response to the Notice of Opposition.
Warner Brothers Entertainment Inc./DC Comics offered terms of trademark coexistence. ChargaCard Inc. studied the terms, but Warner Brothers Entertainment Inc./DC Comics withdrew its offer for trademark coexistence and initiated an opposition before Trademark Trial and Appeal Board against ChargaCard’s attempt to register the mark CRYPTANITE.
ChargaCard Inc. is now at the stage of Initial Disclosures and responses to First Set of Interrogatories.

10. Report on any employee hirings, terminations or lay-offs with details of anticipated length of lay-offs.

Termination of the Employment agreement between Intellabridge LLC (a wholly owned subsidiary of ChargaCard, Inc.) and Hanna Shcherban

... "