Envoy Group Corp (ENVV) and BitReturn Provides Update, Discusses Revenue Creation and Opportunities in the Cryptocurrency Sector
Las Vegas, Nevada – August 29, 2017 (GLOBE NEWSWIRE) – Envoy Group Corp. (ENVV) (the “Company” or “Envoy”), a digital currency and Blockchain technology company, today issued a statement to shareholders in regards to its ongoing operations, its plans to monetize opportunities in the cryptocurrency sector and its SEC reporting status.
“Recently, there may have been confusion regarding Envoy’s required financial reports and current status of the company,” stated Harp Sangha, Envoy Group’s Chief Executive Officer. “At present, Envoy Group is completely up to date on all required SEC financial reports. On the business side, we have made tremendous progress in ramping up our operations, commencing commercialization and creating a plan to increase revenue.”
Over the past year, the price of Bitcoin surged more than 600%, while Ethereum has soared more than 1,000% in the last six months alone. These extraordinary increases in the value of Blockchain technology-based crypto-currency assets, aligned with the increasing involvement of major financial firms, such as Goldman Sachs and JP Morgan, demonstrate that crypto-currencies are now entering mainstream acceptance, and validates our growth strategy.
On Monday, August 28, OTC Markets removed the caveat emptor it placed on Envoy Group stock. https://www.otcmarkets.com/stock/ENVV/quote
Recent business highlights:
- Successfully tested several Graphic Processor Units (GPUs) at the BitReturn processing facility
- Current mining operations have yielded gross profits in excess of 45%
- Received shipment of BitReturns’ first large block of cryptocurrency mining hardware
- Added over 500 Nvidia revenue producing GPUs to mining efforts
- Implemented a new operating system that increases efficiency by centrally managing all mining hardware reducing labor costs and improving scalability
Revenue Creation Plan:
In addition to the cryptocurrencies currently being profitably mined we are reviewing the addition of DASH ASIC miners to our mining centre as well as to diversify and greatly increase our revenue stream by bringing on traditional datacenter clients into the existing facility.
Opportunities in Cryptocurrency Sector:
Envoy is currently reviewing several transformative Blockchain applications for asset management and within the financial sector to facilitate crypto to fiat currency transactions.
To read Envoy Group’s most recent 10K Annual Report filing for the period ended April 30, 2017, please visit: https://www.sec.gov/cgi-bin/browse-edgar?company=envoy+group&owner=exclude&action=getcompany
About Envoy Group, Corp.
Envoy Group, Corp. (OTC Markets:ENVV) is a digital currency and Blockchain technology company. BitReturn, a division of the Envoy Group Corp, has first targeted a high positive cash flow method of Mining of Digital Currencies that has been de-risked by employing the most effective Graphic Processor (GPU) technology and BitReturn’s secure Tier3 (T3) facility in Kamloops, B.C. Hundreds of 7 to 13 GPU arrays will be working 24/7 within the climate controlled facility. Mining of Digital Currencies will be constantly directed to which currencies provide maximized profitability. New digital coins drop into the world every 10 minutes and BitReturn will be there to catch them. Block Chain is an incorruptible publically distributed digital ledger that allows for transparent and secure validation of online information.
Corporate Contact:
Harp Sangha
Chairman, CEO & CFO
Tel: 1-702-595-2247
Email: hsangha@envoygroupcorp.com
Investor Relations Contact:
Louis Silver
Director of Investor Relations
Tel: 1-610-710-1303
Email: lsilver@envoygroupcorp.com
Investor Contact Information
Hayden IR
Tel: 1-917-658-7878
Email: hart@haydenir.com
Forward-Looking 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.