Interlapse Reports Continued Growth in Sales and Momentum

TSXV: INLA | OTCQB:INLAF

VANCOUVER, BC, June 10, 2020 /CNW/ - Canadian-based financial technology applications company, Interlapse Technologies Corp. (TSXV: INLA / OTCQB: INLAF), reports continued growth from the Company's virtual currency platform, Coincurve.com.

Since the beta and the official launch of Coincurve on June 19, 2019, the platform has processed over 11,000 transactions and $2.3 million in sales volume.

"The organic growth for Coincurve and the virtual currency market in Canada has been very encouraging. Also, we are poised to launch our platform into international markets alongside increasing virtual currency adoption." commented Wayne Chen, CEO of Interlapse Technologies Corp.

In May 2020, Coincurve achieved its best performing month from its Canadian operation. As of May 31, 2020, the Company posted monthly average increase of 102% in volume and a 141% increase in revenues since the beta launch of Coincurve.

"Although in early stages of adoption, virtual currency has a great future on the horizon." Mr. Chen continued. "In addition to being recognized as a store-of-value, virtual currency is a revolutionary technology, which has immense, international-scale business value for tech-driven financial applications."

About Interlapse Technologies Corp.
Interlapse Technologies Corp. is a financial technology applications company accelerating the global mega-trend of virtual currency adoption. Our signature product, Coincurve.com, enables a simple, safe way to buy and spend virtual currency.

To learn more, visit www.interlapse.com.

Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information
Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Interlapse. In making the forward-looking statements, Interlapse has applied certain assumptions that are based on information available, including Interlapse's strategic plan for the near and mid-term. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Interlapse does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Interlapse Technologies Corp., 885 West Georgia Street, Vancouver, BC V6C 3E8, Canada

SOURCE Interlapse Technologies Corp.

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