GREY:NTTCF - Post by User
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VanAsh01on Sep 19, 2018 3:26pm
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RE:Thoughts?
RE:Thoughts?
NetCents called out for calling secret X2 MOU a deal
2018-09-18 06:40 ET - News Release
Mr. Lawrence Pemble of X2 reports
X2 GAMES CORRECTS NETCENTS NEWS RELEASE OF AUGUST 28, 2018
On Aug. 28, 2018, NetCents Technology Inc. issued a press release erroneously announcing that it had entered into an agreement with X2 with respect to the integration of NetCents cryptocurrency and payment processing into X2's suite of video games.
In fact, X2 and NetCents entered into a non-binding memorandum of understanding dated June 18, 2018, with respect to the parties' good faith intention to explore potential value-added capabilities and services. No binding agreement was ever reached between the parties with respect to any services to be provided by NetCents to X2 or otherwise. X2 confirms that it has notified NetCents that it will not engage in any further discussions or negotiations with NetCents and that it should refrain from publicly indicating otherwise.
The existence of the MOU was confidential and pursuant to the terms of the MOU and was not to be disclosed without prior approval of X2. The company did not authorize NetCents to disclose the existence of the MOU and has unequivocally terminated any continuing relationship between the parties.
The company has requested that NetCents disseminate a press release confirming the termination of any relationship with X2.
NetCents called out for calling secret X2 MOU a deal
2018-09-18 06:40 ET - News Release
Mr. Lawrence Pemble of X2 reports
X2 GAMES CORRECTS NETCENTS NEWS RELEASE OF AUGUST 28, 2018
On Aug. 28, 2018, NetCents Technology Inc. issued a press release erroneously announcing that it had entered into an agreement with X2 with respect to the integration of NetCents cryptocurrency and payment processing into X2's suite of video games.
In fact, X2 and NetCents entered into a non-binding memorandum of understanding dated June 18, 2018, with respect to the parties' good faith intention to explore potential value-added capabilities and services. No binding agreement was ever reached between the parties with respect to any services to be provided by NetCents to X2 or otherwise. X2 confirms that it has notified NetCents that it will not engage in any further discussions or negotiations with NetCents and that it should refrain from publicly indicating otherwise.
The existence of the MOU was confidential and pursuant to the terms of the MOU and was not to be disclosed without prior approval of X2. The company did not authorize NetCents to disclose the existence of the MOU and has unequivocally terminated any continuing relationship between the parties.
The company has requested that NetCents disseminate a press release confirming the termination of any relationship with X2.