USTC & WUHN Sign Letter of Intent to Launch Bitcoin & Cryptocurrency Mining Operations
June 15 2018 - 8:00AM
ADVFN Crypto NewsWire
USTC & WUHN Sign Letter of
Intent to Launch Bitcoin & Cryptocurrency Mining
Operations
Toronto, Canada -- June 15, 2018 -- ADVFN Crypto NewsWire
-- USA Real Estate Holding Company (OTC
PINK: USTC), a diversified public holding
company, announced that it has signed a letter
of intent ("LOI") with SDT Holdings, Inc./Wuhan General
Group (China), Inc. (OTC
PINK: WUHN) to
launch bitcoin and cryptocurrency mining
operations.
Under the LOI, USTC will identify and
procure the warehouse for the setup of
the bitcoin and cryptocurrency mining
operations, and WUHN will purchase and provide
mining rigs within the facilities. Both Companies will
negotiate a profit-sharing structure in the final agreement
within 120 days.
"We're pleased to announce this partnership with WUHN as we seek to
grow the company significantly over the next 24 to 36
months," said Bilal Shafi, CEO of USTC.
"We are very excited to sign this LOI, and we are
confident that this partnership will
drive accelerated revenues to both Companies, as we share
each's expertise," said Ramy Kamaneh, CEO of SDT
Holdings, Inc.
About SDT Holdings, Inc.
SDT Holdings, Inc. is a Montreal-based industrial technology
holding company that focuses on the development,
production, and commercialization of its four subsidiaries,
specializing in these areas: mining electrification,
cryptocurrencies/blockchain, industrial batteries, internet of
things, and artificial intelligence for the industrial
market.
Publicly traded company (
OTC
Pink: WUHN)
Website:
www.sdtholdings.com
For further information, contact:
Investor relations: (407) 712-8965
E-mail:
info@sdtholdings.com
About USA Real Estate Holding Company:
USA Real Estate Holding Company (
OTC
PINK: USTC) is a public holding company that targets
acquisitions of undervalued niche companies with high growth
potential, including real estate properties, Fintech
companies, and other emerging digital technologies,
among
them bitcoin/cryptocurrencies and blockchain.
Publicly traded company (
OTC
Pink: USTC)
For more details, please visit us at
www.usarealestateholding.com.
Bilal Shafi, CEO
Tel: 866-557-5745
Forward-looking Statements:
This press release includes various "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, which represent the Company's expectations or beliefs
concerning future events. Statements containing expressions such as
"believes," "anticipates," "intends," or "expects," used in the
Company's press releases and in Disclosure Statements and Reports
filed with the Over the Counter Markets through the OTC Disclosure
and News Service are intended to identify forward-looking
statements. All forward-looking statements involve risks and
uncertainties. Although the Company believes its expectations are
based upon reasonable assumptions within the bounds of its
knowledge of its business and operations, there can be no
assurances that actual results will not differ materially from
expected results. The Company cautions that these and similar
statements included in this report are further qualified by
important factors that could cause actual results to differ
materially from those in the forward-looking statements. Readers
are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date thereof.
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