Vancouver, British Columbia, Feb. 19, 2018 (GLOBE NEWSWIRE) -- Cascadia Consumer Electronics Corp. (the
“Company” or “Cascadia”) (CSE:CK) is pleased to announce that the Company has entered into a
3-year non-exclusive licensing agreement of its intellectual properties in the Company’s self-developed trading platform for
blockchain based digital assets, utility tokens and cryptocurrencies, with an unrelated third party in exchange for $60,000 monthly
licensing fee to be payable in cash or Bitcoin. According to the licensing agreement, the first 3-month licensing fees are
waived and therefore the Company is expected to receive licensing fees starting June 16, 2018.
“We are pleased to secure our first licensing agreement of the intellectual properties of our trading platform for blockchain
based digital assets, utility tokens and cryptocurrencies. With this on-going revenue streams, our company will be able to focus on
developing additional products and services under our fintech and blockchain lab divisions,” commented Rachel Wang, Cascadia’s
President and CEO. “The Company is in the process of applying for an official approval from the Canadian Securities Exchange to
change our company name and business so that it can better reflect our development and involvement in the blockchain and fintech
sectors.”
About Cascadia
Listed on the Canadian Securities Exchange (CSE:CK) and headquartered in Vancouver, BC, Cascadia is a technology company
operating in Vancouver, Canada.
For further information, please contact:
Cascadia Consumer Electronics Corp.
Rachel Wang
President and Chief Executive Officer
info@cascadiacorp.com
www.cascadiacorp.com
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“may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statements in this
news release include statements regarding the expected use of proceeds from the Financing and the Company’s intention to file a
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factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements,
including, without limitation, adverse market conditions, the CSE may not approve the Financing, and such other factors beyond the
control of the Company. Forward-looking statements are based on estimates and opinions of management at the date the statements are
made. The Company does not undertake any obligation to update forward-looking statements except as required by applicable
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