Blockchain Worldwide Investors - BLOC

Blockchain Worldwide Investors - BLOC

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Stock Name Stock Symbol Market Stock Type
Blockchain Worldwide Plc BLOC London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 3.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
3.50 3.50
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Posted at 12/9/2019 08:48 by tullynessle
A lot of detail in yesterday's WATR RNS - copied below. Water Intelligence PLC Strategic Investment and Partnership 11/09/2019 3:17pm Strategic Investment and Partnership Water Intelligence plc (AIM: WATR.L) ("Water Intelligence" or "Company"), a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water is pleased to announce a strategic investment in and technology licensing partnership with Entertainment AI Plc ("EAI") (the "Strategic Relationship"). The Strategic Relationship announced today enables Water Intelligence to accelerate its commercial strategy with insurance companies and participate in the fast-growing $13 billion market for "Insuretech" products to minimize water-related claims as underscored in the 2018 Annual Report released in May. EAI uses proprietary artificial intelligence and machine learning technology to enrich YouTube-length video in order to, among other things, enable consumers to purchase products, such as water monitoring devices, from the video. An example is currently being displayed on the Water Intelligence web site at Water Intelligence had previously announced this strategic direction in January 2018 through a technology partnership with EAI's subsidiary, Tagasauris, and Flo Technologies (now FloMoen), a Los Angeles-based water monitoring product company. EAI is being formed by the acquisition of the Entertainment AI group of companies, comprising Entertainment AI, Inc, GTChannel, Inc and Tagasauris, Inc, (the "EAI US Companies") by Blockchain Worldwide plc ("BLOC"), which was announced today. BLOC has also announced a conditional oversubscribed placing and subscription, including the strategic investment from Water Intelligence, to raise gross proceeds of approximately GBP8.6 million. Subject to, inter alia, BLOC shareholder approval, admission to trading on AIM and completion of the Company's investment is expected to complete on 30 September 2019. At the time of, or prior to, admission BLOC will be renamed Entertainment AI plc. The Strategic Relationship will have the following components: (i) GBP415k investment into EAI effective at admission to AIM of EAI; (ii) a global, royalty-free license to EAI technology for the field of use of sustainability and home services audiences in respect of water and infrastructure; and (iii) rights, including a Board observer and certain information rights, for so long as Water Intelligence holds 2 per cent. or more of EAI's issued share capital. Sumitomo Corporation of Japan, a global leader in digital media and an investor in water supply companies around the world, will also be a strategic investor and receive a preferred license. Other investors in the EAI IPO include existing institutional investors in Water Intelligence. Water Intelligence Chairman Patrick DeSouza is a substantial shareholder and a co-founder of the EAI US Companies and will serve as non-executive Chairman of EAI. Therefore the Strategic Relationship constitutes a related party transaction in accordance with AIM Rule 13. The Group's independent directors, being Michael Reisman, Laura Hills and David Silverstone, consider, having consulted with its nominated adviser, WH Ireland Ltd, that the terms of the Strategic Relationship are fair and reasonable insofar as its shareholders are concerned. In addition, Laura Hills, Vice Chairman of Water Intelligence, and Akiko Mikumo, Senior Independent Director of Entertainment AI, will lead any discussions relating to possible future related party matters between Water Intelligence and EAI, consulting the relevant company's nominated adviser and obtaining approval from the Independent Directors of each company. Water Intelligence's interim financial report will be issued later this month and further details of the Strategic Relationship will be detailed in the report. The Company continues to perform strongly on its multinational growth plan. Executive Chairman, Dr. Patrick DeSouza remarked: "Global market demand for complete solutions to water loss from leakage - both services and products - is strong and only growing. We are well-positioned and continue to deliver on our articulated plan. We believe our strategic partnership with EAI will enable us to scale more rapidly with a complementary e-commerce, go-to-market plan that complements our physical operations across the United States and in the UK, Australia and Canada. Our technology reinvestment to build our brand profile as an innovation company continues to progress and will be enhanced with the introduction of an owned and operated YouTube site for sustainability issues. We are on a mission to transform the water infrastructure services market around the world and seek to lead the Insuretech movement."
Posted at 12/9/2019 07:24 by still waiting
Not often you see a cash shell transform into a potential ai media giant with rapid growth and a strategic investor like this..
Posted at 11/9/2019 20:28 by tullynessle
Re Post 1644 Sumitomo Corporation, Water Intelligence and Tagasauris, Inc mentioned. Extract: "-- Strategic investors, Sumitomo Corporation and Water Intelligence plc to drive near term SaaS opportunities for use of EAI Group software" Blockchain Worldwide PLC Proposed Acquisition, Fundraising and Admission 11/09/2019 3:16pm Blockchain Worldwide plc (LON:BLOC), is pleased to announce that it has conditionally agreed to purchase the entire issued share capital of Entertainment AI, Inc, GTChannel, Inc ("GTC" or "GTChannel") and Tagasauris, Inc ("TAG" or "Tagasauris") (together the "EAI Group"). News Release continues........
Posted at 11/9/2019 20:24 by tullynessle
It may be worth researching involvement by Sumitomo Corporation, Tagasauris and Flo Technologies further...... Extract: "•€€€€Technology reinvestment advancing during Q3 o Commercial roll-out of proprietary sewer diagnostic product in UK and US after UK acquisition and investment during 2018 o Q3 investment in e-commerce and video display technology along-side Sumitomo Corporation investment and commercial launch in Q4 after previously announced demonstrations in Tokyo during Q1 and prior development work with Tagasauris and Flo Technologies during 2018" Water Intelligence plc Trading Update 1H 2019 Water Intelligence plc (AIM: WATR.L) ("Water Intelligence" or "Company"), a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water is pleased to provide a trading update for the first half of 2019. Interim Results for 1H 2019 will be published in mid-September. Update continues....... ============================================ Announcements in last 12 Months - List
Posted at 11/9/2019 16:17 by still waiting
Rodger Sargent, CEO, said: "The wait has been worthwhile. AI is the future of entertainment technology and Entertainment AI is an innovative industry leader with ambitious plans. Their unique Artificial Intelligence technology allows frictionless purchasing directly from video. We believe this will be a game changer. Under the stewardship of Pat DeSouza, and the backing of several leading UK institutional investors, we are confident that Entertainment AI will generate significant shareholder value." Dr Patrick DeSouza, Proposed Non-Executive Chairman of Entertainment AI plc, said: "Entertainment AI comes at the right time. We are now in a video-first world where audiences not only seek to discover, consume and share short form video but also to fulfil their intentions in the moment through purchase behaviour. Instagram announced its beta test with brands last March to enable purchase behaviour seamlessly from pictures. The ViacomCBS merger in August only reinforced the rapid transformation of the marketplace as telecoms, content and technology sectors converge. We are excited and ready to establish a leading media platform with a world-class board, strong management team, cutting-edge technology, content and a rapidly growing global audience. We appreciate the significant support of high-quality institutional investors and global strategic partners which places our post IPO operating plan on a strong footing."
Posted at 11/9/2019 16:12 by still waiting
deal done at 3.75p, at least we'll be trading with an entity. still digesting.. Total video views across EAI Group of 8.5 billion in 2018; 6.4 billion in 1H19 -- Significant opportunities to accelerate the growth of the EAI Group through leveraging the EAI Group's technologies allowing the Company to position itself at the forefront of the "Third Wave" of TV -- EAI Group technologies, combined with existing content and audience of GTChannel, will enable additional and deeper revenue streams for the EAI Group, focused on enhancing viewer engagement and interaction -- Strategic investors, Sumitomo Corporation and Water Intelligence plc to drive near term SaaS opportunities for use of EAI Group software -- Strong management team backed by a Board with strong industry and governance credentials
Posted at 04/9/2019 07:17 by kirk 6
Very nice Jon Hale, Chairman of Blockchain said: "This is a tremendously exciting period for the Company. The team has worked tirelessly post the disappointment of the aborted Chorum acquisition and has progressed the acquisition of Entertainment AI Inc., an artificial intelligence and machine learning focused company operating in the media space.We have been pleased with the positive investor interest and I look forward to updating the market with further information about the Company and its prospects in early September with a clear view to demonstrating significant shareholder value in the near-term."
Posted at 04/9/2019 07:12 by phil1969
Sounds promising. We have been pleased with the positive investor interest and I look forward to updating the market with further information about the Company and its prospects in early September with a clear view to demonstrating significant shareholder value in the near-term."
Posted at 24/5/2019 08:05 by football
News Blockchain Worldwide Shares Suspended On Offer For Entertainment AI (ALLISS) Alliance News23 May, 2019 | 4:17PMEmail Form LONDON (Alliance News) - Blockchain Worldwide PLC said Thursday it has made a non-legally binding offer to acquire artificial intelligence firm Entertainment AI PLC. Blockchain Worldwide didn't provide the value of the takeover offer but said the acquisition would constitute a reverse takeover under AIM listing rules, meaning the target is larger than the acquirer. Blockchain Worldwide has a market capitalisation of GBP1.4 million. Shares in the technology investor were suspended with immediate effect, due to the reverse takeover, last quoted at 3.70 pence. The acquisition is subject to due diligence and entry into a legally binding agreement, as well as shareholder approval. Blockchain Worldwide said that there was no guarantee that the acquisition would be completed, and gave no indication of a likely completion date.
Posted at 12/6/2018 19:41 by moneymunch
Sign of the times...gla :-) Berkeley Assets Acquires Blockchain Technology Investment Firm Cryptech NEWS PROVIDED BY Berkeley Assets  12:16 BST LONDON, June 12, 2018 /PRNewswire/ -- Multi-asset firm invests in innovative ways to access new financial technologies, providing opportunities in the Blockchain and cryptocurrency universe  Private equity firm Berkeley Assets has acquired global investment and advisory service Cryptech, a Blockchain organisation which provides investment opportunities to individuals and institutions who want to explore the technology. The acquisition comes at a time when Cryptech has expanded its reach globally, attracting interest from investors across the world who are eager to explore the opportunities to achieve substantial short term growth in the technology, trading in cryptocurrencies as well as investing in innovative start-up companies that are creating Blockchain technology solutions to revolutionise businesses globally. With offices in Dubai, UAE and London, UK, Cryptech invests in ideas and start-ups that are utilising Blockchain as well as actively trades the top four cryptocurrencies in the world, Bitcoin, Ethereum, Ripple and Litecoin, utilising a two-pronged strategy to deliver consistent gains across cryptocurrencies and blockchain.   Cryptech experts offer in-depth knowledge of Blockchain technology and its uses, allowing them to identify leaders and opportunities in the market, and provide intuitive due diligence for cryptocurrencies by recognising trends and spikes in demand. Mike Clark, Partner at Berkeley Assets, said: "Our acquisition of Cryptech makes perfect sense because Berkeley Assets has a history of investing in firms which lead from the front, show innovation and are forward thinking. "While technology makes up the smallest sector of our business model, because it represents a higher risk compared to our core focus of tangible assets, we made the decision to invest because it is essential to establish the right opportunities in order to provide the maximum benefit to our clients." Berkeley Assets has appointed Omar Jackson as a new Partner to head up the Cryptech business, who brings a wealth of experience in the world of Blockchain.  He said: "Blockchain has become a new buzzword in business and for good reason. We believe the true long term value lies in the technology that is underpinning cryptocurrencies.   "We have seen Blockchain being used in myriad applications across all industries, serving to radically transform the way businesses interact with customers and suppliers, and offering unseen levels of efficiency and security for all concerned." Berkeley Assets is an off-shore multi-asset company with investments in real estate, hospitality, logistics and technology. Investing in both property development projects and bridging and development finance projects, the company develops a diversified portfolio of existing and new to market concepts and businesses as part of a low-risk, yield-based strategy.   Justin Quan, Senior Associate at Berkeley Assets, said: "We have built a reputation of successful returns and smart investments, by consistently offering clients reliability and credibility. As a low risk organisation, we were initially not in favour of cryptocurrencies as an area for investment, however, with Omar's experience combined with our due diligence into the sector, we have seen its true value and understand the short to medium-term gains that are possible. "Even when it comes to advising on long-term gains, we are committed to ongoing research and investment into the technology behind Blockchain." The adoption of Blockchain has been a sweeping global trend for governments and leading organisations alike. Given the added benefits to security and transparent access to information, international organisations as UPS, FedEx, Mastercard, Microsoft and Dell have all been quick to implement the technology. Now, as investment banks implement ways to capitalise on cryptocurrencies, they too are investing in the technology behind the coins, valuing its power to transform traditional systems in which business is done.  Cryptech believes that global financial and innovation hubs such as Dubai and London are primed to cement their lead as international centres for the technology, and they want to galvanise government agencies and their projects, ensuring their success. Jackson added: "Blockchain technology offers investors the potential to be involved in huge growth businesses where billions of dollars of wealth can be generated. In the last 12 months we have watched as Blockchain start-ups have raised billions in capital and the world's biggest banks and venture capitalists are heavily focused on investing in Blockchain-based business models at early stages, believing that these companies will achieve huge valuations in the short to medium term." "We believe that Blockchain offers the biggest opportunity in technology since the internet boom of the 1990s and like the internet, the technology is difficult to explain in simple terms but the potential applications are so wide and far reaching that they cannot be ignored." Cryptech offers clients a minimum investment option of USD$1,000/GBP1,000 which can be completed digitally in multiple currencies, allowing funds to be traded within and invested from the company's corporate account. This paves the way for investors with a range of understanding on Blockchain to gain a foothold and benefit from early stages of cryptocurrencies and the underlying technology, a right that has previously been mainly accessible to financial institutions and HNWIs only. After 12 months, clients can request to redeem their capital back with the maximum returns the team generated. SOURCE Berkeley Assets
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