#Tech News: Gopher Protocol
(OTC: $GOPH) Implementing Reorganization with Name Change and Reverse Stock
Split
Santa
Monica, CA - July 17, 2019 (Investorideas.com Newswire) Gopher Protocol Inc. (OTC:
GOPH)
("Gopher", or "the Company"), a company specializing in the
development of Internet of Things (IoT) and Artificial Intelligence (AI)
enabled networking and tracking technologies, including its GopherInsight™
global mesh network technology platform for both mobile and fixed solutions,
announced that it is finalizing its reorganization. The Company will be renamed
as "GBT Technologies, Inc.". As outlined in previous announcements,
GBT Technologies, S.A. ("GBT"), which the Company owns 25% of, is in
the business of the strategic management of BPO (Business Process Outsourcing)
digital communications processing for enterprises and startups; distributed
ledger technology development, AI development and fintech software development
and applications.
With
the existing mutual investment between Gopher and GBT, the two companies intend
to explore potentially combining the two companies' market and technology
coverage, and potentially rebranding the new platform as a global business.
As
part of the process, Gopher will be implementing a 100:1 reverse split of its
stock in an effort to maximize shareholder value. The goal of the corporate
action is intended to attract more mainstream and institutional investors and
potentially up-list to a more senior national or international exchange.
Read this in full
at https://www.investorideas.com/CO/GOPH/news/2019/07171NameChange-ReverseStockSplit.asp
"We
are excited to be able to potentially attract a more diverse investor base and
a more global go-to-market and technology strategy," said Douglas Davis,
Gopher's Chief Executive Officer. "We want to thank all of our shareholders
who have supported us to date, and look forward to our future together."
About Gopher Protocol Inc.
Gopher
Protocol Inc. (GOPH) ("Gopher") (http://gopherprotocol.com/) is a
development-stage company which considers itself a native IoT creator,
developing Internet of Things (IoT) and Artificial Intelligence (AI) enabled
mobile technology platforms. Gopher has a portfolio of Intellectual Property
that, when commercialized, will include smart microchips, mobile and security
applications and protocols, and supporting cloud software. Gopher's system
envisions the creation of a global mesh network. The core of the system will be
its advanced microchip technology that can be installed in any mobile or fixed
device worldwide. Gopher envisions this system as a low-cost, secure, private
mesh network between any enabled devices, providing shared processing, advanced
mobile database management/sharing and enhanced mobile features as an
alternative to traditional carrier services.
About GBT TECHNOLOGIES, S.A.
GBT
Technologies, S.A., a private Costa Rican corporation (GBT - http://gbttechnologies.com/) is a
development-stage company in the business of the strategic management of BPO
(Business Process Outsourcing) digital communications processing for
enterprises and startups; distributed ledger technology development, AI
development and fintech software development and applications.
https://aggregator.genesisexchange.io/ (Beta
Version)
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, governmental and public policy changes, the Company's
ability to raise capital on acceptable terms, if at all, the Company's
successful development of its products and the integration into its existing
products and the commercial acceptance of the Company's products. 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:
SOURCE:
Gopher Protocol Inc.
Gopher Protocol,
Inc. (OTCQB:GOPH) is a featured tech stock on
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