Toronto, Ontario (FSCwire) - GreenBank Capital Inc (CSE: GBC and OTCMKTS: GRNBF and FRA:
2TL) ("GreenBank or the Company") announces that it has acquired 19% of Kabaddi Games Inc (“Kabaddi Games”), a Canadian company
that owns all rights, title and interest to a mobile application game based on the Kabaddi sport. The sport of Kabaddi is the
second most popular sport in India, after cricket, attracting 430 million television viewers during the 2014 inaugural televised
season of the Pro Kabaddi League *.
The mobile app owned by Kabaddi Games is currently in early beta form, and will be completed over the next few months prior to
a launch in the summer of 2018. GreenBank will provide corporate advice to Kabaddi Games and assist in its marketing and
development program with the objective of seeking a public listing for Kabaddi Games in the future.
In addition to the original Netherlands based developer, Kabaddi Games investors that are investing alongside GreenBank
include Daniel Wettreich the CEO of GreenBank, and other private investors. Kabaddi Games is the 11th company in the
GreenBank small cap investment portfolio.
The sport of Kabaddi is a cross between freestyle wrestling and rugby that tests speed, agility and power. Two teams of seven
players each take turns in sending an individual “raider” to tag an opponent. If the raider is wrestled down by a defender he is
suspended temporarily until his team wins him back by tackling the opposition’s raider. The game is fast paced and the winner is
declared in 40 minutes. Kabaddi is played in about 65 countries, however since 1990 India has won all the gold Kabaddi medals at
the Asian Games and every edition of the Kabaddi World Cup.
* (Kabaddi review by The Economist, October 25, 2016 – “A home-grown Indian sport is winning fans far beyond the
subcontinent”)
About GreenBank
GreenBank is a merchant banking business listed on the Canadian Securities Exchange (trading symbols CSE: GBC and
OTCMKTS: GRNBF and FRA: 2TL), and is included in the CSE Composite Index. GreenBank’s 100% subsidiary GreenBank Financial Inc. is
a merchant bank. GreenBank’s portfolio companies comprise equity investments in 11 small cap businesses, namely; 10% of The
Lonsdale Group LLC, a USA based private equity company focused on small cap investments; 27% of Ubique Minerals Limited, a zinc
exploration company in Newfoundland, Canada; 10% of Reliable Stock Transfer Inc, a Canadian small cap transfer agency; 14%
of Slabdeck Technology Inc, developers of a unique comprehensive all-in-one search mobile application that integrates social
search, discovery and communication; 15% of Blockchain Evolution Inc, owners of the world’s first identification based
blockchain; 15% of KYC Technology Inc, owners of a worldwide online 24-hour “Know Your Customer” identification verification
process; 19% of Inside Bay Street Corporation, a financial news communications company; 27% of Buchans Wileys Exploration Inc, a
minerals exploration company with interests in Newfoundland, Canada; 100% of Medi-Data Blockchain Inc, providing blockchain based
medical confidentiality systems to the healthcare community; 100% of North America Veterans Insurance Services Inc, an insurance
agency holding company; and 19% of Kabaddi Games Inc, developers of a mobile application game based on the sport of Kabaddi.
For more information please see https://www.GreenBankCapitalinc.com or contact Daniel Wettreich at (647) 931 9768 or by
email dw@GreenBankCapitalinc.com
Forward-Looking Information: This press release may include forward-looking information within the
meaning of Canadian securities legislation, concerning the business and trading in the common stock of GreenBank Capital Inc.,
the raising of additional capital and the future development of the businesses comprising GreenBank’s investment portfolio. The
forward-looking information is based on certain key expectations and assumptions made by the company's management. Although the
company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue
reliance should not be placed on the forward-looking information because GreenBank can give no assurance that they will prove to
be correct. These forward-looking statements are made as of the date of this press release and GreenBank disclaims any intent or
obligation to update publicly any forward-looking information, whether as a result of new information, future events or results
or otherwise, other than as required by applicable securities laws.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or
accuracy of this release.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/GreenBank01242018_0.pdf
Source: GreenBank Capital Inc. (CSE:GBC, OTC Pink:GRNBF, FWB:2TL)
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