Las Vegas, Nevada – August 2, 2017 (MARKETWIRE) – Envoy Group Corp. (ENVV) (the “Company” or “Envoy”), a digital currency and Blockchain technology company, announced today an update regarding operations, financing and compliance.
Cryptocurrency mining operations were launched during the months of June and July with significant success. Our BitReturn division’s mining operations, which are conducted 24/7, produced substantial revenues per machine that yielded gross profit in excess of 45% per machine after direct costs, which exceeded our initial projections. Also in June, Envoy Group secured new equipment financing for BitReturn with very favorable terms that will enable the firm to significantly expand its processor count for Cryptocurrency operations and accommodate rapid growth in revenue. We expect to have this loan retired during Q2, 2017.
The company expects excellent revenue growth during Q2, as the 500 Nvidia 7 GPUs start adding revenues to the company. Our goal will be to add more mining rigs every quarter.
As a new business opportunity, Envoy and BitReturn have begun development of a plan to create turn-key Cryptocurrency mining operations, including real estate acquisition, design, installation and launch of operations, for investors who seek a low-risk entry to the growing Cryptocurrency market. Further announcements will be made as plans are crystallized.
Due to the number of new projects, Envoy Group was forced to file an extension for our 10K filing. We intend to file our 10K on or before, August 15th 2017. We have encountered no accounting or auditing issues and recently developed a more streamlined system for reporting with our auditors that will enable us to make future filing dates.
Finally, we expect a review of the “Caveat Emptor” that was placed by OTC Markets on the company the week of August 21st. We are confident that this will be resolved.
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.
Chairman, CEO & CFO
Investor Relations Contact:
Director of Investor Relations
Investor Contact Information
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.