AmmbrTech subsidiary Ammbr Telecom has been formed for the deployment of Ammbr Network technologies in
northern Canada, primarily for resource companies, but also for disadvantaged communities who do not have reliable Internet access.
This development comes following the completion of the AMR crypto asset crowdsale in March.
Vancouver, British Columbia--(Newsfile Corp. - April 4, 2019) - GLOBAL BLOCKCHAIN MINING CORP. (CSE: FORK) (OTC: GBCHF)
("FORK" or the "Company") is pleased to announce that following the completion of the crowdsale for the AMR crypto asset, it
has entered into a letter of agreement with US-based AmmbrTech, Inc. ("AmmbrTech") in which FORK will invest its holdings of AMR
tokens into AmmbrTech's subsidiary Ammbr Telecom Inc. ("Ammbr Telecom"), which will be deploying Ammbr wireless mesh network
technology in northern Canada. There will be a primary business focus on servicing the natural resource industry (e.g. mining
exploration, oil and gas, forestry ), though Ammbr Telecom will also be working actively with disadvantaged and low-income
communities, to avail Internet connectivity to them.
In October 2018, the Company announced it had partnered with Singapore-based Ammbr Foundation Pte Ltd. ("Ammbr Foundation"),
which has developed the Ammbr Network; a blockchain platform that manages a wireless mesh network, which acts as a decentralized
Internet service provider (ISP). This is done through Ammbr wireless router hardware, where individuals with Internet connections
are able to "sell" their Internet bandwidth through the network, and individuals who seek to use the Internet may do so using Ammbr
Network connections within range for them. All transactions on the Ammbr network are settled using the AMR cryptocurrency token,
which is capable of processing near-instant micropayments for Internet access on an automated basis.
The formation of Ammbr Telecom will involve setting up business operations in northern Canada, which at the outset will
primarily be focused on deploying router hardware in line with the needs of local companies in the natural resources industry, as
well as securing grants for the development of networks in these areas. Simultaneously, efforts will be made to understand the
Internet connectivity needs of disadvantaged and low-income communities, with deployments to be made accordingly. This rollout of
Ammbr router hardware will complement the mid-2019 rollout in 53 Tier 2 and Tier 3 cities and 15,000 villages in the Maharashtra
Province of India, through AmmbrTech's partnership with India-based ISP Smartware.
To strengthen the executive leadership of Ammbr Telecom, Simon Ditner the Chief Technologist of FORK will be joining Ammbr
Telecom as its Chief Technologist to provide oversight of its technologies and technical matters. FORK congratulates Mr. Ditner for
being selected for this role, and expresses gratitude for his exemplary service to the Company.
Ammbr Foundation management members Derick Smith and Rakesh Rajagopal will also be participating in the management team of Ammbr
Telecom. FORK will be investing its entire holdings of AMR tokens into Ammbr Telecom, and in exchange for its investment it shall
receive a 25% stake of its equity.
To provide clarity with respect to each of the Ammbr-related entities, a description of each is provided:
Ammbr Foundation Pte Ltd. (Ammbr Foundation): The principal organization behind the Ammbr wireless mesh network and the
overall vision, based in Singapore.
AmmbrTech, Inc. (AmmbrTech): The US-based organization that is focused on the development and distribution of router
hardware for use on the Ammbr network.
Ammbr TelecomInc. (Ammbr Telecom): A Canadian-based co-venture of AmmbrTech and FORK, which will be dedicated to rolling
out Ammbr Network hardware and connectivity in Canada.
"We are thrilled to be bringing Internet connectivity to parts of northern Canada that do not have reliable Internet access,"
said Shidan Gouran, President and CEO of the Company. "According to the World Bank, more than 91 percent of Canada's population
uses the Internet; though that means close to nine percent does not, which is more than 3.3 million people, many of whom are up
north. There are many government grants available for the rollout of networks like the Ammbr network, and we believe that we have
made a very good investment into Ammbr Telecom enabling this to happen. We look forward to making this a success with Mr. Smith,
Mr. Rajagopal, and Mr. Ditner at the helm of the organization."
AmmbrTech CEO Derick Smith added, "In 2019, there will be two major, large-scale use cases of the Ammbr Network on opposite
sides of the globe, between our rollout in northern Canada, and our rollout in India. As we will be servicing companies as well as
disadvantaged communities, this fulfills our visions for Ammbr, including the social impact of bringing Internet connectivity to
those who need it the most."
On behalf of the Company:
Shidan Gouran, President and CEO
info@globalblockchain.io
For more information please contact:
Global Blockchain Mining Corp. Investor Relations
ir@globalblockchain.io
1-888-983-4771
About Global Blockchain Mining Corp.
With blockchain technology rapidly re-shaping the models of many companies, industries, and their business processes, Global
Blockchain Mining Corp. ("FORK") places a focus on the common needs of early-stage blockchain adopters. Originally founded with a
focus on crypto-mining, FORK has recently diversified its offerings by placing an emphasis on professional services such as
developing and administering launches of tokens and digital assets. Adapting to changes in blockchain technology, FORK is also now
utilizing its computing power to provide consensus services, such as the operation of masternodes, servicenodes, and witnesses
which are alternative methods to cryptocurrency mining for generating and acquiring digital assets. . Investors, through their
investment in the Company, are provided with exposure to these tokens, cryptocurrencies and digital assets without the lengthy, and
complicated process that interested investors must undergo in order to gain exposure to these cryptocurrencies and digital
assets.
The Company is listed on the Canadian Securities Exchange ("CSE") and its common shares trade under the ticker symbol "FORK".
Additional information relating to the Company is available on SEDAR at www.sedar.com, the CSE at www.theCSE.com as well
as on the Company's website at: www.forkcse.com
Cautionary Note Regarding Forward-Looking Information
Forward-Looking Information: This news release includes certain statements that may be deemed "forward-looking statements". The
use of any of the words "anticipate", "continue", "estimate", "expect","may", "will", "would", "project", "should", "believe" and
similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and
assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed onthe
forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These
statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated
due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents which can be
found under the Company's profile on www.sedar.com
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility
for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43870
