Toronto, Ontario (FSCwire) - BitRush Corp. (CSE:BRH) ("BRH" or the "Company")
announces that the Company has granted incentive stock options, on Nov. 7, 2016, under its stock option plan to two consultants
of the Company to purchase up to an aggregate of 1,500,000 common shares each for a total of 3,000,000 common shares, exercisable
on or before Nov. 6, 2021, at an exercise price of $0.10 per share.
About BitRush:
BitRush Corp. is a pioneering Canadian FinTech company focused on cryptographic blockchain technology. BitRush™ has chosen to
go to the public markets as a startup to allow all types of investors, from individuals to institutions, to participate in the
potential value appreciation of a FinTech “startup built by grownups”, that otherwise would usually have taken place in the
private markets accessible only to VCs and accredited investors.
BitRush™ (www.BitRush.co), based in Toronto, but with teams active in Asia, Eastern
Europe, Western Europe and North America has 3 main business verticals all built on our core universal transaction processing
technology ANOON™, which includes payment processing services (www.ANOON.co), gaming
technologies (www.WaggaWagga.co) and online advertising services (www.AdBit.co). We either use these technologies in our own businesses or provide our services to or for
qualified partners and or clients.
BitRush has more than 18 million Unique Users/Visitors per month generating up to 50 million nano and micro-payments per month
across our own and our client’s sites. BitRush’s ad network AdBit (www.adbit.co) has more than
101,000 registered users on more than 11,700 connected websites generating just under 3.5 Billion ad impressions per month.
BitRush intends offer BitRush debit cards to consumers and businesses to perform their payments anywhere Visa and MasterCard
debit cards are accepted, worldwide.
BitRush™ offers solutions in the B2C, B2B, C2B and C2C markets. Join BitRush™, either as a consumer user, as a business or
both benefiting from our unique services, features and pricing, that only our proprietary blockchain based technologies
allow.
With our core technologies already developed, BitRush™ plans to scale each of our businesses.
BitRush Corp. is traded on the Canadian Securities Exchange (CSE: BRH) and the Frankfurt Stock Exchange: (symbol:0XSN).
BitRush, AdBit, WaggaWagga and ANOON are trademarks of BitRush Corp.
FORWARD LOOKING INFORMATION
This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to
sell any securities in any jurisdiction.
This press release contains certain “forward-looking information”. All statements, other than statements of historical fact,
that address activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the
future (including, without limitation, statements relating to the launch of branded debit cards by the Corporation, the timing
thereof and anticipated revenues and profitability relating thereto and BitRush’s expectations with respect to the potential
market for blockchain-based debit cards for unbanked adults) constitute forward-looking information.
This forward-looking information reflects the current expectations or beliefs of the Corporation based on information
currently available to the Corporation as well as certain assumptions including, without limitation, the ability of the
Corporation to integrate the payment systems of MasterCard and Visa in a successful manner through the Wave Crest agreement; the
ability of the Corporation to successfully launch its branded debit cards as anticipated; the ability of the Corporation to
successfully tap into the unbanked adult market and its ability to generate sales and fees as anticipated. Forward-looking
information is subject to a number of significant risks and uncertainties and other factors that may cause the actual results of
the Corporation to differ materially from those discussed in the forward-looking information, and even if such actual results are
realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the
Corporation. Factors that could cause actual results or events to differ materially from current expectations, include, but
are not limited to, the inability of the Corporation to integrate the said payment systems successfully and in a timely manner,
if at all; the lack of use of crypto currencies such as Bitcoins; the lack of a market for blockchain-based debit cards
developing for unbanked adults; the failure to develop and sell branded debit cards and the use thereof being inferior than as
anticipated by the Corporation; and competition from others delivering cryptographic payment solutions .
Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable
securities laws, the Corporation disclaims any intent or obligation to update any forward-looking information, whether as a
result of new information, future events or results or otherwise. Although the Corporation believes that the assumptions inherent
in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and
accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
On behalf of the Board of Directors,
Karsten Arend
President, Director
For further information, contact Werner Boehm at werner.boehm@bitrush.co or
Karsten Arend at karsten.arend@bitrush.co.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/BitRushNov92016.pdf
Source: BitRush Corp. (CSE:BRH)
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