#Tech News: Gopher Protocol
(OTCQB: $GOPH) Announces De-Levering Eliminates Almost All Derivatives Debts
ATLANTA,
GA - January 4, 2018 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB:
GOPH)
("Gopher" or the "Company"), a company specializing in the
creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile
technologies, announces that it has taken further steps to eliminate most of
its convertible debt. The Form 8-K regarding these actions can be found at the
following link:
Along
with the recently announced growth capital financing, the Company is positioned
to pursue growth and fund the rollout of its new technologies. The de-levering
is part of the Company's strategy to reduce its dependence on convertible debt
financing and create a balance sheet that gives investors clarity regarding the
number of shares outstanding and potential dilution caused by historical
convertible debt financing.
"We
are pleased to make this string of announcements, which we believe is evidence
of the fact that we are on track to complete many of the tasks that I have laid
out including our absorbing of our recent acquisition as we seek to combine our
distribution channel with our new technologies," stated Greg Bauer, CEO.
About Gopher Protocol Inc.
Gopher
Protocol Inc. (OTCQB: GOPH) ("Gopher" and the "Company") (http://gopherprotocol.com/) is a
development-stage company which consider itself Native IoT creator, developing
Internet of Things (IoT) and Artificial Intelligence enabled mobile technology.
The Company has a portfolio of Intellectual Property that when commercialized
will include smart microchips, mobile application software and supporting cloud
software. The system contemplates the creation of a global network. The core of
the system will be its advanced microchip technology that can be installed in
any mobile device worldwide. Gopher envisions this system as an internal,
private network between all enabled mobile devices providing shared processing,
advanced mobile database management/sharing and enhanced mobile features.
About Guardian Pet Tracker http://www.guardianpettracker.com/
The Guardian Pet Tracker (Sphere Internal name - the
"Sphere") system is a derivative technology of Gopher's Guardian
Patch technology. The Sphere is designed to provide its users with local
tracking capability using a re-chargeable/replaceable battery source. Gopher
intends to release pre-production units in limited test in the near future.
Consumer
and product website for Guardian Patch:
Forward-Looking
Statements
Certain
statements contained in this press release may constitute "forward-looking
statements". Forward-looking statements provide current expectations of
future events based on certain assumptions and include any statement that does
not directly relate to any historical or current fact. Actual results may
differ materially from those indicated by such forward-looking statements as a
result of various important factors as disclosed in our filings with the
Securities and Exchange Commission located at their website
(http://www.sec.gov). In addition to these factors, actual future performance,
outcomes, and results may differ materially because of more general factors
including (without limitation) general industry and market conditions and
growth rates, economic conditions, and governmental and public policy changes.
The forward-looking statements included in this press release represent the
Company's views as of the date of this press release and these views could
change. However, while the Company may elect to update these forward-looking
statements at some point in the future, the Company specifically disclaims any
obligation to do so. These forward-looking statements should not be relied upon
as representing the Company's views as of any date subsequent to the date of
the press release.
Contact:
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