Toronto, Ontario--(Newsfile Corp. - August 25, 2021) - Graph Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) (FSE: RT5A) (the "Company" or "Graph") is pleased to announce that further to its press release dated August 9, 2021, the Company has completed its acquisition of Optimum Coin Analyser Inc. ("Optimum"), AI based Crypto Coin Analytics tool company.
Optimum is a cloud-based discovery search engine subscription model which creates a recurring revenue platform for Graph and as such, the Company anticipates a steady and dependable revenue stream.
Pursuant to the Share Exchange Agreement (the "Exchange Agreement") between the Company, Optimum, and the shareholders of Optimum, the purchase price of $5,000,000 was satisfied through the issuance of an aggregate of 71,428,571 units (the "Consideration Units") in the capital of the Company, at a deemed price of $0.07 per Consideration Unit with each Consideration Unit comprised of one common share ("Common Share") and one common share purchase warrant (the "Warrant"). Each Warrant allows the holder to acquire an additional common share of the Company at an exercise price of $0.09 per share during the 24-month period following closing.
"Our stated objective with Optimum is add data analysis for Graph to collect, cleanse and analyze unstructured data that can help manage our altcoin portfolio to make better decisions by pinpointing specific trends, risks and opportunities. We are excited to be acquiring Optimum to add this component to our business," said Chief Executive Officer, Paul Haber.
The Company also wishes to announce that John McMullen has resigned as a director of the Company on July 21 and thanks him for his services. Alexander MacKay has been appointed as a board of director and member of audit committee effective today. The Company would like to welcome Alex to the role and look forward to his contribution and expertise as an independent director.
About Optimum Coin Analyser Inc.
Optimum continuously retrieves and analyzes big data using a powerful AI analytics engine designed for social media to track influencers, monitor, and to provide sentiment, relevance, and predictive analysis. Related hashtags are linked, and conversation participants are clustered together. Leveraging proprietary big data infrastructure to produce in-depth industry analytics and reveal real-time comprehensive insights. The monthly subscription payments will provide a continuous, dependable income stream that is pledged over a time period of 12 to 24 months. This new Annual Recurring Revenue ("ARR") based on the subscription revenue will be a substantial part of the total yearly revenue growth cycle, with a global target of +100% with Optimum.
About Graph Blockchain Inc.
Graph Blockchain provides shareholders with exposure to various areas of Decentralized Finance. Focusing on altcoins through its wholly owned subsidiaries Babbage Mining Corp., a Proof of Stake ("POS") miner, and Beyond the Moon Inc., Graph gives investors exposure to the vast emerging market of cryptocurrencies with the significant technological disruption and potential gains altcoins represent. Additional information on the Company is available at www.graphblockchain.com and www.babbagemining.com.