ReBrand Reflects Expanded Capabilities and
Opportunities
VANCOUVER, April 15, 2019 /CNW/ - BLOCKSTRAIN
TECHNOLOGY CORP. (TSXV: DNAX; OTC: BKKSF) ("BLOCKStrain"
or the "Company") announces that, subject to TSX Venture
Exchange approval, it will change its name to TruTrace
Technologies Inc.
"Evolving from BLOCKStrain to TruTrace Technologies is a
reflection of our maturity as a company," said CEO Robert Galarza. "We have developed an end-to-end
enterprise software solution and wanted our branding to capture the
full breadth of who we are and what we do."
"We strongly believe in the value that blockchain provides in
areas of security, transparency and intellectual property
protection, and it still serves as a core feature of our platform,"
says Galarza. "As we continue expanding our cannabis-focused
functionality and exploring opportunities in other industries, we
can do so with the confidence of a brand name that better
communicates what makes us different."
Over the coming months, the Company's core platform BLOCKStrain™
will also be transitioning into StrainSecure™ to better showcase
the level of security and transparency the Company's technology
provides producers, regulators and consumers.
Disclaimer for Forward-Looking Information
Certain statements in this press release related to the proposed
name change, the Company's future business plans and opportunities,
and the transitioning of the Company's core platform are
forward-looking statements and are prospective in nature.
Forward-looking statements are not based on historical facts, but
rather on current expectations and projections about future events,
and are therefore subject to risks and uncertainties which could
cause actual results to differ materially from the future results
expressed or implied by the forward-looking statements. These
statements generally can be identified by the use of
forward-looking words such as "may", "should", "will", "could",
"intend", "estimate", "plan", "anticipate", "expect", "believe" or
"continue", or the negative thereof or similar variations. Such
statements are qualified in their entirety by the inherent risks
and uncertainties surrounding the Company's ability to complete the
name change, the Company's future business plans, and the
transitioning of its core platform including the risk that the name
change and the transitioning of its core platform may not be
completed as expected or at all. Such forward-looking statements
should therefore be construed in light of such factors, and the
Company is not under any obligation, and expressly disclaims any
intention or obligation, to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
SOURCE BLOCKStrain Technology Corp.