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BLOCKCHAIN FOUNDRY ANNOUNCES DEVELOPMENT AGREEMENT WITH ENGLISH FORWARD

· Press Releases

TORONTO, Aug. 17, 2018 -- Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN) (FWB:8BF) is pleased to announce that it has entered into a development agreement with English Forward Ltd. (“EF”), a company that connects global audiences to the tools and resources needed to learn and perfect their understanding of the English language. 

 

The agreement between the two companies will provide English Forward with the architecture and necessary artifacts to begin the development of its unique peer-to-peer (P2P) marketplace. This marketplace will connect those looking to learn or improve their English for academic, professional or personal purposes with English language tutors, teachers, translators and other professionals.

 

The English Forward platform is built upon an established online community that has reached 250 million users worldwide. Using blockchain technology, EF will be able to provide education-supporting activities on its website with secure and seamless micro-transactions.

 

Dan Wasyluk, CEO of Blockchain Foundry stated, “We’re excited to be working with English Forward to help them adopt blockchain technology. It’s a great project that can support the English language and communication needs of many globally.”

 

About Blockchain Foundry Inc.

 

Blockchain Foundry develops and commercializes blockchain-based business solutions and provides consulting services to corporate clients seeking to incorporate blockchain technology in their businesses.

 

About English Forward.

 

English Forward is a Malta-based edTech company that utilizes a 17-year established community which has reached 250 million users worldwide without a single dollar of advertising in the "learn English" market. English Forward is developing a blockchain-enabled peer-to-peer marketplace to connect English learners of all types with English teachers, tutors and professors using a cryptocurrency payment model.

 

Media Contact Information:

 

Christopher Marsh
Chief Financial Officer
(416) 583-1696

 

Forward-Looking Information

 

Certain portions of this press release contain “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements”, which may not be based on historical fact. Wherever possible, words such as “will”, “plans,” “expects,” “targets,” “continues”, “estimates,” “scheduled,” “anticipates,” “believes,” “intends,” “may,” “could,” “would” or might, and the negative of such expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward looking information.

 

Forward looking statements should not be read as guarantees of future events, future performance or results, and will not necessarily be accurate indicators of the times at, or by which, such events, performance or results will be achieved, if achieved at all.  Readers should not place undue reliance on such forward-looking statements, as they reflect management’s current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BCF are inherently subject to significant business, economic, regulatory, competitive, political and social uncertainties and contingencies. Many factors could cause BCF’s actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements.

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