LAS VEGAS, Dec. 21, 2017 — Black Cactus Global (OTC Markets:ENVV) (the “Company) is pleased to announce it will acquire 100% acquisition of the issued shares of World on Wireless (UK) Ltd (WOW), a company which provides white label payment systems and services on an international basis to banks, financial institutions, remittances companies and retail chains. The acquisition will generate recurring contractual revenue of nearly US$ 1,000,000, very similar to WOW ‘s present 2017 proceeds.
WOW’s services include mobile wallets, merchant payments, physical and on-line payment points, consumer credit products, PCI and closed loop card programs that are interconnected into all mobile payment networks and can be used by any mobile phone world-wide. WOW owns approximately US$ 2,000,000 of Intellectual Property for its programs and platforms which are licensed on 3 – 5 year rolling agreements which are backed with revenue generating technical and development support.Black Cactus will retain WOW’s experienced software development and management team. Mr. John Mittens, WOW’s current CEO will be appointed the Executive Vice-President for New Business Development. Mr. Mittens has over 20 years of experience in the telecommunications industry managing major technical projects for both start-ups and mature companies worldwide. John has held senior executive positions with both, British Telecom and Cable & Wireless, as well as launching a number of highly successful start-up ventures including; the largest Fiber Optic network in Europe; the largest prepaid card company in the UK; and a number of mobile telephone gateway companies.Lawrence Cummins, CEO of Black Cactus, states, “Black Cactus’ acquisition of WOW is one of the steps the company is taking in strengthening its position in the Blockchain payment services industry and with WOW’s expertize and IP it will be able to rapidly grow this business.” Mr. Cummins further states, “I am very pleased to bring John Mittens onto our management team as it will increase the depth of our ability to provide and support a wider range of products and his knowledge of the payment card industry dovetails into our trading platform offering of fiat and crypto currencies.”
John Mittens the CEO of WOW, states, “I am very pleased to become part of the future of Black Cactus Global, WOW has been developing a number of initiatives in crypto currency and Blockchain development which will be enhanced by the powerhouse of Blockchain IP owned by Black Cactus.”About the CompanyBlack Cactus Global is a technology developing company with a focus on Blockchain, machine learning, cryptocurrency, and the Internet of Things. We partner with international government agencies, large corporations and specialised groups on global development and consulting projects in our key development areas of Fintech, digital media, financial services, cyber security, and healthcare.Our mission is to pioneer the application of Blockchain and overlapping technologies to protect IP and the security of data and financial transactions.Correction NoticeThe company wishes to issue a slight correction of our news release of December 8th 2017, which stated that the Company’s CEO, was appointed to the Board of Commissioners to the UNs Blockchain Commission for Sustainable Development. This Blockchain Commission was actually established by Global Partnerships Forum, PVBLIC Foundation & The Fund for Philanthropy in response to the need to develop a framework for the United Nations system, including its Member States, Intergovernmental Organizations, programs and specialized agencies can utilize Blockchain-based technologies.In addition to Lawrence Cummins, the CEO of Black Cactus Global, Inc, joining the Board of Commissioners of the Blockchain Commission for Sustainable Development, Black Cactus Global will join the Commission’s global community platform, Blockchain for Impact, as a Founding Member.Sergio Fernandez de Cordova, Co-Chair of The Blockchain Commission, stated, “Mr. Cummins brings a wealth of expertise and resources to the Blockchain community—his wisdom and deep experience in distributed ledger philosophy, technology and industry provides an unique and invaluable perspective, and we are delighted to have him on board.”For further information please visit our website at:www.blackcactusglobal.comInvestor Relations: Company Contact: Louis Silver
Tel: 1-610-710-1303 • Email: [email protected]; [email protected] Safe Harbor Statements
Certain information contained in this news release constitutes “forward-looking statements” as such term is used in applicable United States and Canadian laws. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates”, “intends” or “believes”, or that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, or “be achieved”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the SEC. Such risks and other factors include, among others, the ability to locate and acquire suitable interests in alternative medicine manufacturing operations on terms acceptable to the Company, the availability of financing on acceptable terms, accidents, labor disputes, acts of God and other risks of the alternative medicine industry including, without limitation, delays in obtaining governmental approvals or permits, title disputes or claims limitations on insurance coverage. The Company believes that the expectations reflected in the forward-looking statements included in this news release are reasonable; however, no assurance can be given that these expectations will prove to be correct, and such forward-looking statements should not be unduly relied upon. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.
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