lesgetrich
6 months ago
Yesterday's BTZI 8-K confirms that Bots is still majority owner of Bullet Blockchain...
Bots April 30, 2024 8-K disclosure
IItem 8.01 Other Events
News from our majority owned subsidiary, Bullet Blockchain, Inc:
Bullet Blockchain Announces Historic 2023 Financial Results and Strategic Growth Initiatives
Reno, NV, April 29, 2024 (NEWSWIRE) — Bullet Blockchain, Inc. (“BULT” or the “Company”), a leader in blockchain software development and patented Bitcoin ATM technology, is delighted to report that its fourth-quarter gross revenue has soared to $819,000, marking an increase of over 10% from the $740,000 forecasted in December 2023. The Company’s annual gross revenue has similarly exceeded expectations, reaching a total of $1,685,000 for the year.
Recent research published by ResearchandMarkets.com, titled Crypto ATM Market Size, Share & Trends Analysis Forecasts, 2023 – 2030, stated that “the global crypto ATM market size is expected to reach USD $5,5 Billion by 2030, growing at a CAGR of 62.5% from 2023 to 2030. Several countries such as Central African Republic and El Salvador recognize Bitcoin as legal tender which will contribute to the use of crypto ATMs over the forecast period. The market growth can be attributed to the growing use of cryptocurrencies for making payments at several retail stores.
“The rise in the number of prominent retail stores installing crypto ATMs is expected to be a major contributor to the growth of the crypto ATM industry. In March 2023, Giant Eagle supermarket’s café arm under GetGo Café + Market announced plans to install online Bitcoin ATMs in more than 125 locations across the U.S. Similarly, prominent chains such as Circle K, 7-Eleven, and Shell have ramped up the demand for online Bitcoin ATMs.
“Leading cryptocurrencies' popularity and potential growth prospects are expected to bode well for market growth. According to data provided by Coin ATM Radar, an online Bitcoin ATM information provider, globally, nearly 23 Bitcoin ATMs are installed daily. Thus, the growing use of cryptocurrencies such as Bitcoin and Ethereum is expected to create growth opportunities for the crypto ATM industry over the forecast period.”
Simon Rubin, CEO of Bullet Blockchain, commented, “Our Bitcoin ATMs have significantly outperformed expectations in the fourth quarter, buoyed by the anticipation surrounding Bitcoin ETF trading and the Bitcoin halving event. These factors created a highly favorable environment, and we are excited about the potential for continued growth and prosperity in 2024.”
Recruitment Drive and Operational Expansions
As part of its expansion strategy, Bullet Blockchain is actively seeking a Chief Financial Officer and marketing experts with a background in cryptocurrency to join the team. Interested candidates are encouraged to apply by sending their resumes to jobs@bulletblockchain.com.
Following the strategic acquisition of a portfolio of Bitcoin ATMs, the Company has successfully deployed added 10 licensed machines across the new state of Georgia. This marks the initial phase of a broader plan to deploy and brand an additional 30 Bitcoin ATM kiosks. 'With our rapidly forged partnerships, we anticipate 2024 to be a transformative year for Bullet Blockchain. Our focus will remain on leveraging and monetizing our patented Bitcoin ATM technology,' added Rubin.
Licensing and Intellectual Property Developments
Bullet Blockchain continues to advance its licensing initiatives, offering operators and manufacturers a variety of partnership models including transaction-based fees and revenue-sharing opportunities centered around its intellectual property. Following the acquisition of First Bitcoin Capital LLC, $BULT now owns exclusive rights to critical Bitcoin ATM patents, US Patent Nos. US9135787B1 and US10332205B1, essential for the operation of Bitcoin ATM networks. The Company is committed to licensing these patents and addressing any unlicensed uses within the industry.
This is probably the source of the revenue claimed in Bots' April 25, 2024 8-K...
BTZI 4/25/24 8-K disclosure
Dear Shareholders,
I hope this letter finds you well. As we reflect on the past year and look ahead to the future, I want to take this opportunity to share some insights into our company's performance, the challenges we faced, the strategic decisions we made, and what lies ahead for Bots, Inc. (BTZI). While we have not executed on our plan to pay a dividend in the shares of Bullet Blockchain, Inc. (OTC:BULT), we may first pay dividends in some of the cryptocurrencies that we have accumulated.
Financial Performance on a consolidated basis
This past year has been a period of significant growth and challenge for our industry. At Bots, Inc., we have navigated these waters with a keen focus on innovation and efficiency, leading to notable financial achievements. Our increased revenue reflects our commitment to delivering value to our customers and shareholders alike. While we faced challenges, our team's resilience and strategic pivots have kept us on a path of sustainable growth. We project that our upcoming April 30 2024 yearend report will include more than $1,000,000 in revenues.
Strategic Highlights
These initiatives reflect our commitment to staying at the forefront of blockchain technology, AI, robotics and expanding our market presence. Our efforts to streamline operations and enhance our product offerings have positioned us well to capitalize on emerging opportunities.
Future Outlook
Looking ahead, we are excited about the future of Bots, Inc. We are poised to explore new markets, further innovate our product lines, and strengthen our customer relationships. Our strategic plan for the coming year includes expanding into new markets, investing in R&D, enhancing customer service. We believe these steps will drive our growth, enhance shareholder value, and solidify our position as a leader in our industry.
Acknowledgment
I want to extend my deepest gratitude to our affiliates, whose dedication and hard work have been pivotal to our success. To our customers and partners, thank you for your continued trust and collaboration. And to you, our shareholders, thank you for your ongoing support and belief in our vision. Together, we are building a stronger, more resilient Bots, Inc.
As we move forward, we remain committed to transparency, accountability, and open communication. We are excited about the opportunities ahead and are confident in our ability to navigate the future and deliver value to all our stakeholders.
Thank you for your continued support.
Sincerely, Simon Rubin, CEO
The $1,000,000 in revenue to be reported in the annual Bots report is probably their share of the revenue reported by Bullet Blockchain
thetinman
6 months ago
NEWS OUT FOR BTZI
https://www.sec.gov/Archives/edgar/data/1525852/000152585224000004/0001525852-24-000004-index.html
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest): April 30, 2024
Commission File Number: 000-55986
BOTS, INC.
(Exact name of registrant as specified in charter)
Puerto Rico
27-4439285
(State or other jurisdiction of incorporation)
(IRS Employer Identification No.)
1064 Ave Ponce De Leon, Suite 200,
San Juan, PR
00907
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number (939) 212-9068
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
? Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
? Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
? Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
? Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
Securities registered pursuant to Section 12(b) of the Act: None
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). [ ]
Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common
BTZI
OTC Markets
Item 8.01 Other Events
News from our majority owned subsidiary, Bullet Blockchain, Inc:
Bullet Blockchain Announces Historic 2023 Financial Results and Strategic Growth Initiatives
Reno, NV, April 29, 2024 (NEWSWIRE) — Bullet Blockchain, Inc. (“BULT” or the “Company”), a leader in blockchain software development and patented Bitcoin ATM technology, is delighted to report that its fourth-quarter gross revenue has soared to $819,000, marking an increase of over 10% from the $740,000 forecasted in December 2023. The Company’s annual gross revenue has similarly exceeded expectations, reaching a total of $1,685,000 for the year.
Recent research published by ResearchandMarkets.com, titled Crypto ATM Market Size, Share & Trends Analysis Forecasts, 2023 – 2030, stated that “the global crypto ATM market size is expected to reach USD $5,5 Billion by 2030, growing at a CAGR of 62.5% from 2023 to 2030. Several countries such as Central African Republic and El Salvador recognize Bitcoin as legal tender which will contribute to the use of crypto ATMs over the forecast period. The market growth can be attributed to the growing use of cryptocurrencies for making payments at several retail stores.
“The rise in the number of prominent retail stores installing crypto ATMs is expected to be a major contributor to the growth of the crypto ATM industry. In March 2023, Giant Eagle supermarket’s café arm under GetGo Café + Market announced plans to install online Bitcoin ATMs in more than 125 locations across the U.S. Similarly, prominent chains such as Circle K, 7-Eleven, and Shell have ramped up the demand for online Bitcoin ATMs.
“Leading cryptocurrencies' popularity and potential growth prospects are expected to bode well for market growth. According to data provided by Coin ATM Radar, an online Bitcoin ATM information provider, globally, nearly 23 Bitcoin ATMs are installed daily. Thus, the growing use of cryptocurrencies such as Bitcoin and Ethereum is expected to create growth opportunities for the crypto ATM industry over the forecast period.”
Simon Rubin, CEO of Bullet Blockchain, commented, “Our Bitcoin ATMs have significantly outperformed expectations in the fourth quarter, buoyed by the anticipation surrounding Bitcoin ETF trading and the Bitcoin halving event. These factors created a highly favorable environment, and we are excited about the potential for continued growth and prosperity in 2024.”
Recruitment Drive and Operational Expansions
As part of its expansion strategy, Bullet Blockchain is actively seeking a Chief Financial Officer and marketing experts with a background in cryptocurrency to join the team. Interested candidates are encouraged to apply by sending their resumes to jobs@bulletblockchain.com.
Following the strategic acquisition of a portfolio of Bitcoin ATMs, the Company has successfully deployed added 10 licensed machines across the new state of Georgia. This marks the initial phase of a broader plan to deploy and brand an additional 30 Bitcoin ATM kiosks. 'With our rapidly forged partnerships, we anticipate 2024 to be a transformative year for Bullet Blockchain. Our focus will remain on leveraging and monetizing our patented Bitcoin ATM technology,' added Rubin.
Licensing and Intellectual Property Developments
Bullet Blockchain continues to advance its licensing initiatives, offering operators and manufacturers a variety of partnership models including transaction-based fees and revenue-sharing opportunities centered around its intellectual property. Following the acquisition of First Bitcoin Capital LLC, $BULT now owns exclusive rights to critical Bitcoin ATM patents, US Patent Nos. US9135787B1 and US10332205B1, essential for the operation of Bitcoin ATM networks. The Company is committed to licensing these patents and addressing any unlicensed uses within the industry.
About Bullet Blockchain, Inc.
Headquartered in Reno, Nevada, Bullet Blockchain, Inc. is a publicly traded company (OTC: BULT) specializing in innovative blockchain solutions and SaaS products. Through its wholly owned subsidiary, First Bitcoin Capital LLC, Bullet Blockchain is a pioneer in the ownership and licensing of Bitcoin ATM technologies. Committed to technological advancement, the Company strives to drive innovation and value for its stakeholders in the burgeoning digital and blockchain landscape.
Communications and Investor Relations
Bullet Blockchain maintains an active communication strategy with its investors and the public through its website, social media channels, and direct disclosures. Material financial updates and company news are routinely shared to ensure transparency and ongoing engagement with the community.
For further details and investor relations, please visit:
- Website: www.BulletBlockchain.com
- Email: contact@BulletBlockchain.com
Social Media:
- X (formerly Twitter): @BULT_stock
- Reddit: r/BULT
- Facebook: Bullet Blockchain Inc.
- LinkedIn: Bullet Blockchain, Inc.
Forward-Looking Statements
This press release contains forward-looking statements that are based on current expectations, forecasts, and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include market conditions, industry dynamics, economic factors, and technological changes, among others. Bullet Blockchain does not undertake any duty to update any forward-looking statements.
Contact Us: contact@BulletBlockchain.com
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BOTS, INC.
Date: April 30 2024
By:/s/ Simon Rubin
Simon Rubin, CEO
thetinman
6 months ago
News out yesterday regarding BTZI and BTZI is back to current and PINK
https://www.sec.gov/edgar/search/#/ciks=0001525852&entityName=BOTS%252C%2520Inc.%252FPR%2520(BTZI)%2520(CIK%25200001525852)
8-K 1 bots8kletter.htm SHAREHOLDERS LETTER
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest): April 24, 2024
Commission File Number: 000-55986
BOTS, INC.
(Exact name of registrant as specified in charter)
Puerto Rico
27-4439285
(State or other jurisdiction of incorporation)
(IRS Employer Identification No.)
1064 Ave Ponce De Leon, Suite 200,
San Juan, PR
00907
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number (939) 212-9068
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
? Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
? Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
? Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
? Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
Securities registered pursuant to Section 12(b) of the Act: None
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). [ ]
Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common
BTZI
OTC Markets
Item 8.01 Other Events
Letter to Shareholders
Dear Shareholders,
I hope this letter finds you well. As we reflect on the past year and look ahead to the future, I want to take this opportunity to share some insights into our company's performance, the challenges we faced, the strategic decisions we made, and what lies ahead for Bots, Inc. (BTZI). While we have not executed on our plan to pay a dividend in the shares of Bullet Blockchain, Inc. (OTC:BULT), we may first pay dividends in some of the cryptocurrencies that we have accumulated.
Financial Performance on a consolidated basis
This past year has been a period of significant growth and challenge for our industry. At Bots, Inc., we have navigated these waters with a keen focus on innovation and efficiency, leading to notable financial achievements. Our increased revenue reflects our commitment to delivering value to our customers and shareholders alike. While we faced challenges, our team's resilience and strategic pivots have kept us on a path of sustainable growth. We project that our upcoming April 30 2024 yearend report will include more than $1,000,000 in revenues.
Strategic Highlights
These initiatives reflect our commitment to staying at the forefront of blockchain technology, AI, robotics and expanding our market presence. Our efforts to streamline operations and enhance our product offerings have positioned us well to capitalize on emerging opportunities.
Future Outlook
Looking ahead, we are excited about the future of Bots, Inc. We are poised to explore new markets, further innovate our product lines, and strengthen our customer relationships. Our strategic plan for the coming year includes expanding into new markets, investing in R&D, enhancing customer service. We believe these steps will drive our growth, enhance shareholder value, and solidify our position as a leader in our industry.
Acknowledgment
I want to extend my deepest gratitude to our affiliates, whose dedication and hard work have been pivotal to our success. To our customers and partners, thank you for your continued trust and collaboration. And to you, our shareholders, thank you for your ongoing support and belief in our vision. Together, we are building a stronger, more resilient Bots, Inc.
As we move forward, we remain committed to transparency, accountability, and open communication. We are excited about the opportunities ahead and are confident in our ability to navigate the future and deliver value to all our stakeholders.
Thank you for your continued support.
Sincerely, Simon Rubin, CEO
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BOTS, INC.
Date: April 24, 2024
By:
/s/ Simon Rubin
Simon Rubin, CEO
lesgetrich
9 months ago
A new PR from Bullet Blockchain (BULT). In September 2022 BTZI received 250 million shares of BULT in exchange for their First Bitcoin Capital, LLC subsidiary which held significant bitcoin ATM patents...
Bullet Blockchain Announces Purchase of Bitcoin ATM Network in South Florida as First Step of 2024 Nationwide Expansion
Bullet Blockchain Has an Immediate Presence in Two States
RENO, NV, Jan. 09, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Bullet Blockchain, Inc. (“BULT” or the “Company”), (OTC: BULT), a pioneering software development and SaaS company at the forefront of blockchain and Bitcoin ATM technologies, proudly announces its next significant milestone: the successful purchase of a network of 40 Bitcoin ATMs located in South Florida as the next stage of BULT’s planned deployment and branding. This purchase is part of a larger expansion plan and a testament to BULT’s continuous efforts to innovate and lead in the rapidly evolving digital currency landscape.
“South Florida is an important market and a key component to our overall strategy. We now have a presence in two states, and we are looking to expand rapidly,” stated Simon Rubin, Chief Executive Officer of BULT. As previously announced, BULT recently completed a strategic transaction to acquire a portfolio of Bitcoin ATMs and completed the successful deployment of 10 licensed Bitcoin ATMs across the state of Georgia as the first stage of its planned deployment and branding of 30 Bitcoin ATM kiosks. Simon Rubin continued, “We continue to believe that 2024 presents a significant opportunity for Bullet Blockchain and our shareholders.”
BULT continues to pursue licensing programs for operators and manufacturers, which include a per-transaction licensing fee, revenue share, or partner programs involving BULT’s intellectual property. As previously announced, BULT acquired First Bitcoin Capital LLC, which owned an intellectual property portfolio consisting of the rights to two Bitcoin ATM patents, becoming the owner and licensor of these valuable assets. By virtue of its subsidiary, First Bitcoin Capital LLC, BULT’s intellectual property includes the ownership and the exclusive rights to US Patent Nos. US9135787B1 “Bitcoin kiosk/ATM device and system integrating enrollment protocol and method of using the same” (US9135787B1) and US10332205B1 “Bitcoin kiosk/ATM device and system and method of using the same” (US10332205B1), respectively. The combined patents acquired by BULT are critical for Bitcoin ATM networks to operate. As previously announced, BULT has retained counsel to target unlicensed Bitcoin ATM operators and manufacturers. The Company will continue to pursue unlicensed Bitcoin ATM operators and manufacturers violating BULT’s intellectual property portfolio.
To receive email alerts and to stay informed on Bullet Blockchain in your inbox, click here.
About Bullet Blockchain
Headquartered in Reno, Nevada, Bullet Blockchain, Inc. – common stock is publicly traded on the OTC Markets under the symbol (BULT) – is a diversified software development and SaaS company, specializing in blockchain technologies and Web 3.0, and though its wholly owned subsidiary, First Bitcoin Capital LLC, the owner and licensor of two Bitcoin ATM patents. BULT is committed to driving the innovations needed to shape the future of digital and blockchain-related platforms through digital technology and decentralized blockchain solutions. Management is dedicated to rapid growth and increasing the shareholders’ value.
Shareholders, potential investors, and others should note that we announce material events and material financial information to our shareholders and the public using our website and the social media addresses listed below, as well as in our OTC Markets’ disclosures, press releases, public conference calls, and webcasts. We also use social media to communicate with our email subscribers and the public about BULT, services, and other related information. It is possible that the information we post on social media could be deemed to be material information. Therefore, we encourage shareholders, the media, and others interested in BULT to review the information we post on BULT’s social media channels listed below. This list may be updated from time to time.
Follow us at:
Find BULT news at?http://www.BulletBlockchain.com
Follow BULT news on X (f/k/a Twitter) @BULT_stock
Follow BULT on Reddit at https://www.reddit.com/r/BULT/
Follow BULT on Facebook at https://www.facebook.com/BulletBlockchainInc/
Follow BULT on LinkedIn at www.linkedin.com/in/bullet-blockchain-inc
Find investor and general information at https://www.otcmarkets.com/stock/BULT/profile
For investor and general information, please email contact@BulletBlockchain.com
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. 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 at some point in the future. However, 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. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking.
Contact us: contact@BulletBlockchain.com
lesgetrich
10 months ago
On September 9, 2022 Bots (BTZI) sold its First Bitcoin Capital, LLC subsidiary to Bullet Blockchain (BULT) in exchange for 250,000,000 shares of BULT stock. At today's price of $.0925/share, that transaction would place over $23 million in value inside Bots...
Supplemental Disclosure for Change of Control Events
The disclosure contains a blank form titled "Disclosure of Court Appointed Custodian and Other Material Events:" which indicates that a (unnamed) company was placed under a Court Appointed Custodian. It leaves one to wonder if the shares are currently held by this custodian. This is only speculation on my part.
In any event, Bot's assumed interest in BULT recently received a boost with the following announcement from Bullet Blockchain...
Bullet Blockchain Announces Preliminary Fourth Quarter Revenue Results and Comments on 2024 Outlook
Bullet Blockchain’s subsidiary, First Bitcoin Capital LLC, continues to pursue unlicensed violators of Bullet Blockchain’s Intellectual Property
RENO, NV, Dec. 28, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -?Bullet Blockchain, Inc. (“BULT” or the “Company”) (OTC: BULT), a pioneering software development and SaaS company at the forefront of blockchain and Bitcoin ATM technologies, proudly announces a significant milestone: preliminary 2023 fourth quarter gross revenue will likely exceed $740,000.
“We delivered a solid fourth quarter which is reflective of our acquisition strategy and improved Bitcoin pricing. While the upcoming Bitcoin halving and anticipated trading of a Bitcoin ETF is lifting the market in the short term, we are seeing the cryptocurrency environment continue to improve and anticipated demand for our products and services growing exponentially in 2024. We are also pleased to provide our financial outlook for 2024, reflecting continued growth as we execute our strategic expansion plan. As we look ahead to 2024, we see significant opportunities in our industry to innovate and solve some significant industry challenges relating to our Bitcoin ATM patent strategy,” stated Simon Rubin, Chief Executive Officer of BULT.
As previously announced, BULT recently completed a strategic transaction to acquire a portfolio of Bitcoin ATMs and completed the successful deployment of 10 licensed Bitcoin ATMs across the state of Georgia as the first stage of its planned deployment and branding of 30 Bitcoin ATM kiosks. Simon Rubin continued, “We have come a long way however, with the partnerships that we have created in a very short period of time, we believe that 2024 will likely be the most significant year for Bullet Blockchain in its history and the monetization of Bullet’s Bitcoin ATM patents could be a game changer in the short and long term.”
The Company is providing an estimated revenue guidance of $4 - 4.25 million for the fiscal year 2024.
The Company will not provide guidance on EBITDA or net profits at this time as the Company continues to invest heavily in its operations and infrastructure.
The Company anticipates the royalty revenues to steadily increase throughout 2024 from the licensing of its Bitcoin ATM patents.
BULT continues to pursue licensing programs for operators and manufacturers, which include a per-transaction licensing fee, revenue share, or partner programs involving BULT’s intellectual property. As previously announced, BULT acquired First Bitcoin Capital LLC, which owned an intellectual property portfolio consisting of the rights to two Bitcoin ATM patents, becoming the owner and licensor of these valuable assets. By virtue of its subsidiary First Bitcoin Capital LLC, BULT’s intellectual property includes the ownership and the exclusive rights to US Patent Nos. US9135787B1 “Bitcoin kiosk/ATM device and system integrating enrollment protocol and method of using the same” (US9135787B1) and US10332205B1 “Bitcoin kiosk/ATM device and system and method of using the same” (US10332205B1), respectively. The combined patents acquired by BULT are critical for Bitcoin ATM networks to operate. As previously announced, BULT has retained counsel to target unlicensed Bitcoin ATM operators and manufacturers. The Company will continue to pursue unlicensed Bitcoin ATM operators and manufacturers violating BULT’s intellectual property portfolio.
About Bullet Blockchain
Headquartered in Reno, Nevada, Bullet Blockchain Inc. – common stock is publicly traded on the OTC Markets under the symbol (BULT) – is a diversified software development and SaaS company, specializing in blockchain technologies and Web 3.0, and though its wholly owned subsidiary, First Bitcoin Capital LLC, the owner and licensor of two Bitcoin ATM patents. BULT is committed to driving the innovations needed to shape the future of digital and blockchain-related platforms through digital technology and decentralized blockchain solutions. Management is dedicated to rapid growth and increasing the shareholders’ value.
Shareholders, potential investors, and others should note that we announce material events and material financial information to our shareholders and the public using our website and the social media addresses listed below, as well as in our OTC Markets’ disclosures, press releases, public conference calls, and webcasts. We also use social media to communicate with our email subscribers and the public about BULT, services, and other related information. It is possible that the information we post on social media could be deemed to be material information. Therefore, we encourage shareholders, the media, and others interested in BULT to review the information we post on BULT’s social media channels listed below. This list may be updated from time to time.
Follow us at:
· Find BULT news at?http://www.BulletBlockchain.com
· Follow BULT news on X (f/k/a Twitter) @BULT_stock
· Follow BULT on Reddit at? https://www.reddit.com/r/BULT/
· Follow BULT on Facebook at? https://www.facebook.com/BulletBlockchainInc/
· Follow BULT on LinkedIn at? www.linkedin.com/in/bullet-blockchain-inc
· Find investor and general information at https://www.otcmarkets.com/stock/BULT/profile
· For investor and general information, please email? contact@BulletBlockchain.com
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. 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 at some point in the future. However, 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. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking.
Contact us: contact@BulletBlockchain.com
Also, see my Post # 112468