driver
- 22 Dec 2017 21:20
- 21 of 32
LAS VEGAS, Dec. 21, 2017 (GLOBE NEWSWIRE) -- 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.”
driver
- 05 Jan 2018 18:05
- 23 of 32
'BLACK CACTUS GLOBAL' IS SET FOR MORE GAINS
Black Cactus Global Inc. (OTC:BLGI) has been on an impressive run over the past one month. Back in November, the stock was trading at the $0.09 handle. Ever since it has skyrocketed to $0.55 a share as it makes a push for the $1 a share mark.
The massive rise in share price builds on a string of positive news that seems to have strengthened investor confidence in the company’s long-term prospects. Black Cactus Global has made it clear its intention to become a prominent leader in the blockchain technology sector. It has also made bold investments as it looks to expand its footprint into the payment services business.
BLACK CACTUS PRICE ANALYSIS
The stock is currently trading in an uptrend after bouncing back from lows of $0. 09 as of November. Taking into consideration the bullish momentum, the stock faces immediate resistance at the $0.65 handle, above which it could make a push for the $0.84 handle, which happens to be its 52-week high.
On the downside, immediate support is seen at the $0.40 handle, below which Black Cactus Global could drop to the $0.30 handle. However, all indication is that the current momentum could push the stock higher given the ongoings in the company.
Before we look at the catalysts likely to push the stock higher from the current trading levels, let us look at what the company does to generate shareholder value.
BLACK CACTUS BUSINESS OVERVIEW
Formerly Envoy Group, Black Cactus Group is a digital currency and blockchain technology company. Through BitRun division, the company targets high positive cash flow method for mining digital currencies.
The company also develops blockchain applications for the financial technology, digital media real estate, financial services and healthcare industries.
Black Cactus Global also provides services that include trading exchange and anti-money laundering services.
Given the hype around the blockchain technology and what it could power in future, it does not come as a surprise that investors are taking note of Black Cactus Global prospects.
RECENT DEVELOPMENTS
Black Cactus Global has been on the news in past months on the signing of a licensing agreement that paves the way for it to gain access to a powerful, yet unique market-ready blockchain solutions. The solutions are to be used on a variety of businesses as well as government applications.
The digital currency and blockchain technology company is focused on developing and marketing new applications that offer enhanced services for a wide array of industries. By targeting finance and real estate industries, the company should be able to diversify its revenue streams which should lead to more shareholder value.
The launch of ‘Digital to Real Financial Trading Platform’ and name change to Black Cactus Global marks the first step in the company’s bid to pursue shareholder value around blockchain technology.
“Uses of Blockchain Technology are almost endless. There exists a multi-billion dollar market space and we fully intend to use our first-mover advantage to secure numerous exceptional business relationships around the world,” said CEO Lawrence Cummins.
In addition to pursuing growth opportunities in blockchain technology, Black Cactus Global has completed the acquisition of World on Wireless UK Ltd (WOW). The acquisition will expand the company’s portfolio into the payments business as the unit provides white-label payment services on an international basis to banks, financial institutions, and retail chains.
WOW owns an intellectual property portfolio worth $2 million used to run programs and platforms. Some of its IPs are licensed on 3-5 year rolling agreements, which act as another stream of revenue. Some of the services provided by the unit include mobile wallets, merchant payments as well as online payment points and closed loop card programs.
Investors pushed the stock higher on Black Cactus confirming the acquisition will generate recurring contractual revenue of about $1 million going forward.
“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,” said Mr. Cummins.
THE BOTTOM LINE
Blockchain technology is still in early stages of adoption around the globe. Any company that gets a head start in coming up with applications targeting various industries is set to reap big rewards as the technology becomes mainstream.
Black Cactus Global appears to be doing correctly the same, and the fact that it is paying more attention to the technology rather than cryptocurrencies explains why investors are starting to take note of its growth metrics. Cryptocurrencies have in the recent past been shrouded with a lot of uncertainty amidst concerns about a potential bubble burst in the space.
On the other hand, everyone seems to agree that the underlying technology, blockchain, which powers cryptocurrencies are the real deal, expected to stay should cryptocurrencies crumble.
Black Cactus Global remains well positioned for more gains in the stock market as it moves to safeguard its future around blockchain technology. It should continue to elicit investor interest on Wall Street as would-be investors explore ways of gaining exposure to the cryptocurrency space.
https://insiderfinancial.com/this-is-why-black-cactus-global-inc-otcmktsblgi-is-set-for-more-gains
driver
- 28 Jan 2018 20:31
- 29 of 32
When it comes to investing, what is comfortable is rarely profitable.
Michael Davenport, Smart Research
26th January 2018
The fourth industrial revolution. The second machine age. The zero marginal cost society. These are some of the metaphors used to describe the current wave of technological innovations that are rapidly evolving.
Robotics and artificial intelligence are surging in use, being deployed en masse in production processes by the private sector. Newer technologies are also part of the innovation wave. At the forefront of these innovations is the blockchain, a new technology developed as one of the core pillars of Bitcoin; the first, successful, decentralised, peer-to-peer cryptocurrency.
Simply put, blockchain is what powers Bitcoin as a currency. Along with some cryptographic mining (for another article all together), blockchain allows the currency to become decentralised (in this case, that means without a central banking unit) because it keeps both a record of transactions and removes the problem of double-spending.
Viewed another way, all record keeping, as it stands today, has a feature of corruptibility and relies on a central authority to confirm veracity; but blockchain allows a complete ledger and history to be distributed, copied, and kept in an incorruptible state. Think of a record of anything that could, theoretically, be confirmed with 100 percent positivity. You could see when something was said, written, or confirmed or when money was sent, received, and traded; all without reliance on an institution. To this end, blockchain, as a standalone technology, has not only the power to revolutionise the international commerce chain, something that measures likely in the trillions of dollars, but also to disrupt the global economy and address many of the socio-economic and political issues that countries are facing today.
It’s no wonder, then, that banks, financial institutions and many others are adopting blockchain technology faster than anticipated.
IBM, that well-known American tech behemoth, released a report in 2016 suggesting that 66 percent of all banks will have blockchain in commercial production by 2020 and that the blockchain technology market, as a whole, will be worth $2.3 billion by 2021; increasing at a compound annual growth rate (CAGR) of 61.5 percent. In other words, there’s a wealth of opportunity to be had from this exciting and fast-expanding market.
Now, a word of caution; blockchain, as an investment theme, is uncomfortable. It is not for the risk-averse investor seeking normalised capital growth. Why? Because the technology is in its infancy, very few people actually understand the tech let alone appreciate its enormous potential. This makes publicly-listed, blockchain-focussed companies highly volatile in the short to medium term; a bit like the internet in 1985… Very few investors understood how it worked, but those who did, and took positions in companies investing in the sector (i.e. those who were prepared to hold an uncomfortable investment…), made astronomical sums of money in the years that followed. To this end, a long-term approach (to investment…) is always best with these sort of pioneering technologies.
This brings me to the subject of my non-commissioned research; Black Cactus Global Inc.
Investors were recently surprised and intrigued when Black Cactus Global (BCG), a technology development company with a focus on blockchain, machine learning, and cryptocurrency penned an MoU with the Reykjavik-based NSB Holdings to acquire an Icelandic bank for an undisclosed sum. The reasoning behind the transaction? To create the world’s first, fully integrated digital bank based on blockchain technology. Wow! How radical and disruptive is that?
Sources close to Haukur Skúlason, NSB’s uber-smart CEO, appear to suggest that the bank in question is the Reykjavik-based digital bank Alva. Interestingly enough, Alva’s newly-refurbished website identifies its core reason for existence as ‘offering financial freedom to underserved markets’. Now that’s a powerful statement of intent. More importantly though, and lending enormous credibility to this transaction, is Skúlason’s network of contacts in the upper echelons of the Icelandic banking fraternity that make him an instant door opener.
Prior to joining NSB in July 2017, Skúlason worked for Íslandsbanki (formerly known as New Glitnir), one of Iceland’s largest commercial banks, as head of corporate investment. However, his stint as Vice President of VÍB, Íslandsbanki’s investment banking arm make this an even more compelling story.
Pulling off the banking transaction will not only be highly transformative for the micro-cap, but will, undoubtedly, require some serious capital. On this point, we believe a high profile, cornerstone investor has already been lined-up to provide the relevant funds.
Certainly, the recent appointment of the Icelandic serial entrepreneur and seasoned investor Anders Nils-Thore Forsberg to the board means you dismiss this entrepreneurial outfit at your peril, as it has the management and connections to pull this deal off, and achieve much more besides.
After all, Mr Forsberg has not only served for more than ten years as a senior executive for Chinese real estate giant, Wanda, the world’s biggest private property developer that is led by China’s richest individual, Wang Jianlin, but he also founded Gatcoin, a blockchain-based company providing digital wallet and financial exchange services.
And if the group can fulfil even a fraction of its full potential then the Icelandic bank acquisition will be modest in comparison to some of the projects it intends to become involved with.
This is not to understate the significance of the bank transaction, as it could provide the cornerstone of the business; it simply underlines the scope of BCG’s bold ambition to become the world’s premiere blockchain technology company with more live blockchain applications than any other.
And to borrow the old Ronseal strapline, the business is doing exactly what it says on the tin: it is rapidly building a blockchain powerhouse:
• On the 06th of December 2017, Black Cactus Global (BCG) entered into a software license agreement with London-listed Milestone Group (LON:MSG). The agreement granted Milestone exclusive rights to BCG’s attractive blockchain platform and fintech products. In consideration for granting the rights, BCG acquired 744,131,477 Milestone shares (29.5% of the company’s enlarged share capital…). We believe this transaction is a precursor to a reverse entry into London’s AIM market; the world's most successful growth market.
• On the 11th of December 2017, Black Cactus Global (BCG) appointed Dr Ravindranath Kancheria to the board. Dr Kancheria is a distinguished and internationally recognised gastrointestinal endosurgeon and a fellow of both the Royal College of Surgeons of Edinburgh and Glasgow. He is also the founder of India’s first multi-organ transplant centre, the Global Hospitals Group. It’s worth noting that the centre is currently developing a blockchain healthcare application to improve patient care, data, trials and security across Asia.
• On the 21st of December 2017, Black Cactus Global (BCG) acquired the entire issued share capital of World on Wireless Ltd (WOW), a British company focussed on providing white label payment systems and services on an international basis to banks, financial institutions, remittances companies and retail chains. WOW currently generates an annual revenue of $1,989,000. But this is growing fast.
Its services include mobile wallets, merchant payments, physical and on-line payment points, consumer credit products, PCI and closed loop card programs that are interconnected into all mobile payment networks and can be used by any mobile phone world-wide. The real kicker, however, is in the fact that WOW currently owns approximately US$ 2,000,000 of Intellectual Property for its programs and platforms which are licensed on 5-year rolling agreements, and which are backed by strong revenues.
• On the 17th of January 2018, Black Cactus Global (BCG) appointed Anders Nils-Thore Forsberg to the board. Mr Forsberg gained career recognition as a skilful negotiator within China, having brokered and successfully closed M&A deals globally and with a total market value in excess of $5 billion.
• On the 18th of January 2018, Black Cactus Global (BCG) signed a Memorandum of Understanding with NSB Holdings of Iceland to acquire an Icelandic bank. The MoU outlines the road map that will allow BCG to secure a majority stake in the bank for the purposes of creating the world’s first, fully integrated digital bank based on blockchain technology.
• On the 22nd of January 2018, Black Cactus Global (BCG) penned an MoU with an Indian technology firm based at the prestigious Vizag Software Technology Park in India, also known as India’s ‘Fintech Valley’ for its large number of successful fintech start-ups in residence. The recent visit of Microsoft co-founder Bill Gates has already given the park a shot in the arm (to promote brand Vizag).
Conduent, a US$6 billion company and Lalith Ahuja’s ANSR Consulting have signed MoUs to set up facilities with a total investment of $250m. While ANSR has been allotted 10 acres at Rushikonda for its global in-house centre, Conduent will set up a development centre. Each of them will employ 5,000 in phases. Google X has also agreed to establish its first development centre outside America at Vizag.
The planned acquisition will be re-named Black Cactus Global Technologies Limited (BCGTPL), and will act as the leading developmental powerhouse for the company’s efforts in India and the world. Staffed with 500 Software engineers and developers, BCGTPL will initially undertake, using the Black Cactus blockchain IP, several development projects with the Indian Government to assist it in its Risk and Fraud Management of the local financial markets.
Dr Ramesh Para, CEO and one of the founding directors of BCGTPL, stated, “The Board and development team are excited to work closely with Black Cactus Global to add to our current and planned development projects. We have a committed and talented team determined to deliver above and beyond the expectations of Black Cactus Global and our other clients.”
Dr Ravindranath Kancheria, founding Director, stated, “BCGTPL is excited to collaborate with Black Cactus Global and will extend our full support with our highly skilled programmers and state of art development centre.”
Now, I don’t know about you, but as far as I’m concerned, a company releasing game-changing newsflow at the pace BCG is doing, and sporting a pedigree of management that is the envy of blockchain start-ups, demands the attention of serious, risk-tolerant, tech investors.
More importantly, however, and when one connects the dots, what is now visible is a rapidly emerging, credible blockchain business with material upside potential.
Not surprisingly, Milestone Group, the real prize here, has seen its free float (shares in public hands…) shrink to only 17.6 percent (or 318,343,233 shares…) in the past 9 weeks. Dr Ramesh Para and BCG collectively control 59 percent of the company whilst 23.4 percent are held by the ‘longs’ (long-term investors). They know what the experts have been telling us for some time now; the marketplace for first-movers in the blockchain sector as opposed to ‘me too’ companies simply looking to piggyback on this staggering breakthrough in computer science is highly significant.
Thus, the revaluation of Milestone shares, and consequently BCG’s OTC-listed shares, will not wait until cash flows start as the current share price of 0.28p pence (giving a paltry market cap of £5.1mln) singularly fails to recognise the substantial blockchain IP, the near-term suite of blockchain-based products, quality of the management team, obscene potential of the newly-formed Indian subsidiary (200-plus software developers and engineers…), the £1.75m cash pile, and the spectacular transformation that is likely to occur in the coming weeks and months should the company successfully seal the Icelandic bank acquisition. BUY.
driver
- 01 Feb 2018 12:41
- 30 of 32
Black Cactus
Products, Trading Exchange, Crypto card, Music/video exchange, Medical, Agriculture, Digital Banking,
Conclusion Conviction Buy
Blockchain is a potentially revolutionary technology, with the industry expected to grow rapidly over both the short and long-term. Having developed and thoroughly tested its applications over the past few years, and with a focused marketing strategy in place, Black Cactus now looks set to enjoy ‘first mover’ advantage in this potentially huge market. Its applications provide cost savings and improved service quality across a number of industries and we expect a steady flow of news over the coming months regarding the first substantial revenue streams. As Black Cactus shows the market that it can monetise its technology (proving that it is built on substance and not on hype) we expect it will act as a catalyst to close the valuation gap between the company and its listed peers and likely surpass them.
https://www.blackcactusglobal.com/research-analsys