Argos Risk, a leading provider of Third-Party Risk Intelligence (TPRI) solutions for managing and monitoring the financial viability and overall health of third-party relationships, is excited to announce its Affiliate Partnership with Magic-Wrighter. Magic-Wrighter has been recognized as a payments industry leader and is the longest-standing independently owned ACH service provider in the U.S. They will now market Argos Risk’s flagship solution, AR Surveillance to financial institutions, businesses, municipalities and schools who have selected them as their payments technology partner.
“Unlike most third-party service providers, Magic-Wrighter is truly a single-source partnership for all electronic payments solutions including integrated processing for ACH solutions that are core agnostic and affordable,” said Stephen Harding, National Sales Executive, of Magic-Wrighter.
“We are excited,” stated Bob Wright, President/CEO and founder of Magic-Wrighter, “about the Risk Management Services that Argos Risk brings to the payment industry. We look forward to presenting these Risk Mitigation services to our financial institution partners to help them with evaluating their customer relationships as well as their ongoing regulatory compliance needs.”
AR Surveillance gathers and monitors information from 32+ Million companies and utilizes 10,000+ data points to assign easy-to-understand risk scores in third-party relationships. It automatically generates and sends alerts about significant changes to those organizations; such as key executive changes, lawsuits, liens, mergers, acquisitions and other material news and events. Over 500,000 alerts have been delivered to our users with 7.5 Million updates annually.
“Processing ACH payments open companies up to an undeniable amount of risk and requires safeguards to manage and mitigate third-party risk. AR Surveillance enables ODFIs to receive alerts, monitor, and quickly and easily evaluate the current business viability of any ACH/RDC originator,” said Lori Frank, President and CEO of Argos Risk. "We are looking forward to working with Magic-Wrighter and helping their customers solve the challenges of keeping their risk limits current and in alignment with the business health of the originator relationships," added Frank.
About Argos Risk
At Argos Risk, we are experts in financial risk management services and fulfill a need for timely and comprehensive risk mitigation knowledge. We provide innovative and affordable subscription services that help companies manage the risks associated with their third-party relationships such as ACH/RDC originators, vendors, and direct and indirect lending clients. For additional information, visit http://www.argosrisk.com.
Established in 1982, Magic-Wrighter has been recognized as a payments industry leader and is the longest-standing independently owned ACH service provider in the U.S. Over 700 financial institutions, 4,000 businesses, 500 municipalities and 5,000 schools have selected Magic-Wrighter as their payments technology partner. Magic-Wrighter’s NACHA and PCI/DSS Level 1 certifications ensure payment data is secure and eliminates the worries associated with payment processing compliance. Magic-Wrighter’ s multi-channel payment solutions help its clients gain access to new markets, improve account retention, and create new opportunities. To learn more about Magic-Wrighter, visit http://www.magicwrighter.com.
Tony Bice, Finance Made Easy recently was honored as one of the finalists in the category of Best Finance Broker by the Better Business Awards 2019.
Tony has a Bachelor of Commerce (Marketing), is a Member of the Australian Institute of Company Directors and has a Diploma in Financial Planning. He is also a member of the MFAA (Mortgage and Finance Industry Association).
Tony has a background in Finance and Banking, having spent 20 years working in senior management with the Commonwealth Bank. He then spent the last 8 years, again in senior management, working for two of the largest Aggregators in Australia – Lawfund, and Firstfolio, and more recently has accepted a role as an Area Director with Firstfolio overseeing/managing the groups key Mortgage Brokers. He has been a Mortgage Broker for the past 8 years and as a Director of Finance Made Easy is responsible for the overall growth of the company’s sales and operations.
About The Adviser Better Business Awards
The Adviser’s Better Business Awards is the peak event for mortgage and finance brokers.
A packed single-day conference will provide insights to attendees on how to drive your business forward through every market cycle, reach more clients and harness the latest marketing techniques to ensure you grow your volumes year-on-year.
In the evening, the industry’s best will stand and be recognized at the Better Business Awards – Australia’s biggest state-based awards for brokers.
About The Adviser
Since its inception, over a decade ago, The Adviser has become the pre-eminent and most respected media brand in the mortgage and finance broking industry.
Covering the latest news as well analysis and trends, The Adviser is where mortgage and finance brokers turn for news. The Adviser also produces a series of podcasts for brokers as well as events to celebrate the work done by Australian mortgage and finance brokers.
Million Dollar Resumes
Million Dollar Resumes (www.milliondollarresumes.com) is the new source of resumes, cover letters, and other job search documents for Senior Executives
Jan 2019, USA: Million Dollar Resumes provides top-level executive resumes and cover letters services with proven and assured results. Million Dollar Resumes is one of the prominent resume writing services in the industry.
Million Dollar Resumes’ cover letter and resume writing services empowers executives and corporate officers around the world with winning career-changing interviews. Their resumes and cover letters consistently produce superior results for their clients.
At Million Dollar Resumes, Greg Faherty, a top 10 certified professional resume writer (CPRW) with more than 19 years of experience, writes your executive resume, cover letter, CV, federal resume, and any other documents you need for your job search.
Million Dollar Resumes helps executives achieve success by facilitating more interviews and decreasing the employment search process by providing superior, professionally written resumes and cover letters that stand out from the competition. Owner and writer Greg Faherty is among the top certified professional resume writers in the country, with more than 9,000 resumes to his credit. He specializes in creating top-performing job search documents that propel his clients to the next level of their careers.
In addition to resumes and cover letters, Million Dollar Resumes also offers LinkedIn profiles, executive biographies, and any other job search document today’s discerning executives need to outdo the competition.
For more information, a free resume analysis, or to see executive resume samples, visit https://milliondollarresumes.com/. You can also call them at 845-942-1198 or email them at firstname.lastname@example.org
About the company
Million Dollar Resumes is dedicated to providing exceptional results for executives and corporate officers around the world. Greg Faherty, owner and Certified Professional Resume Writer, has extensive experience writing resumes for executives and corporate officers in various industries, including the technology, security, sales, operations, finance, non-profit, and academic sectors. At Million Dollar Resumes, all your resumes, cover letters, CVs, federal resumes, and any other documents you need for your job search are individually prepared.
City – Garnerville
State – NY
Country – USA
Zip code – 10923
Phone Number – 845-942-1198
Company Email ID – email@example.com
MyBankTracker.com, a leading financial comparison site that matches consumers to their perfect bank, announced its annual Best of Banking Awards for 2019. The editorial staff analyzed and compared top financial institutions and products throughout the United States across various categories.
MyBankTracker.com increased the number of honors in years past from seven to 13 with additions like the best finance apps, investing tools and robo-advisors. Selections were made by evaluating criteria such as benefits, fees, interest rates, ATM access and other factors.
“When we curated our awards years ago, the focus was on banks,” said Jason Reposa, CEO and co-founder of MyBankTracker.com. “However, with the financial space constantly evolving we decided to change the awards in our tenth year. Now, we not only honor the best banks, but also a variety of financial products that help consumers manage their money on a daily basis such as apps, automated services, and loans.”
Chase took home the award for the best national bank because of its full range of deposit accounts, credit cards, extensive financial services, and investment offerings. The large branch and ATM network and mobile apps also played a part. The best online bank award went to Axos Bank for its free rewards and high-interest checking account, unlimited domestic ATM fee refunds, and no overdraft fees.
Alliant Credit Union was named the best credit union for 2019 for its availability nationwide, lenient membership eligibility requirements, low fees, and competitive interest rates. Four geographic winners were given the honor of best regional bank. Popular Bank received the award for the Northeast with BBVA Compass winning in the South. In the West, Bank of the West received the honor with Huntington Bank taking home the award in the Midwest.
“We’re on a mission - changing the way consumers bank. For years, they had to fit their needs into whatever a bank offered. Now, with tools like the Best of Banking Awards, they can find products to best fit their situation. MyBankTracker.com is putting consumers first,” Reposa noted.
Staff also examined the checking, savings and CD accounts at the biggest traditional banks, online banks, and credit unions to determine which was superior in its product group. Multiple winners were announced in numerous product categories including checking accounts, savings accounts, personal loans, certificates of deposit (CDs), money market accounts, credit cards, brokerages, robo-advisors, money-management apps, tax apps and automatic savings/investing apps. To see the full list of winners and runners-up, visit MyBankTracker.com/banking.
“We want consumers to grow their money in 2019 and decrease charges with features like no-fee accounts - ultimately maximizing their returns. Of course, everyone’s situation is different, so research is key. Not everyone has the time, so our awards can help get consumers on the right financial track to save money in the new year,” Reposa said. “Our advice? Be present. Review your statements. Educate yourself about paying your future you. You’ll likely end up with more money in your pocket.”
The awards were chosen based on various criteria to include fees, interest rates, ATM access and perks. For more information on the methodology and participating banks, visit MyBankTracker.com/banking.
MyBankTracker.com is an independent financial comparison site to help consumers make smarter banking and financial decisions. The company’s mission is to match consumers with their perfect bank account and other financial tools. MyBankTracker provides and tracks in-depth information on more than 5,000 banks, credit unions, and financial products. Using a combination of technology and money-management expertise, the site equips users with easy-to-use tools to compare interest rates, fees and requirements for deposit accounts, credit cards, and various loans. Follow us on Twitter, Facebook, LinkedIn and Instagram.
For companies that want to do pre-certification testing for Visa transactions, Ascert has released the latest version of its Visa Test Driver.
The VersaTest Visa Driver is now listed by Visa as a validated ADVT Online Host simulator and has been tested to ensure that it conforms to the most recent set of Visa specifications. This can be an extreme time saver in pre-certification or ongoing system testing.
“We are very pleased that Visa has officially confirmed the capabilities of our latest Visa driver,” said Mike Wainwright, Business Development Director, Ascert UK. “This provides additional certainty for our customers when simulating and testing Visa transactions that their systems are operating accurately.”
Companies using the Visa Driver have their choice of an on-premise solution, or a subscription to the popular cloud-based testing system, Ascertified (http://www.Ascertified.com). A growing number of companies have created a hybrid of both test options, thereby increasing flexibility for both internal users and external partners.
Ascert's VersaTest family of testing and certification products?can assist any organization looking to add increased value to their operations. All of Ascert’s test drivers work with industry standard tools such as Jenkins, Quality Center, Docker and others. To find out more about Ascert products and standard test interfaces visit the Ascert web site or contact a local Ascert office.
Ascert is recognized as a leading provider of premier testing software solutions. Ascert was founded in 1992 to provide automated software testing solutions that help companies measure the performance, reliability and scalability of their mission-critical back-end servers and applications. With over 100 clients worldwide, Ascert's products and services are used at some of the world's most successful companies.
Off-the-shelf simulators for Ascert’s VersaTest product include solutions for EFT testing, POS testing, stress testing, ATM testing, Fraud testing, IFX testing, EMV/chip card testing, ISO8583 testing and 3270 & 6530 terminal testing. Ascert’s custom simulators have been used for testing air traffic control systems and biometric payment systems. Ascert delivers flexible solutions that are either customer site installed or accessed via Ascert’s Remote Testing Services. Ascert's products assist testing professionals across industry segments to better manage their testing processes and environments through an end-to-end tool set.
Platinum Risk Advisors (PRA) announces the launch of Loan Portfolio Analytics (LPA), an innovative outsourced solution to assist banks and credit unions in complying with the Current Expected Credit Loss (CECL) accounting standard. Dubbed the “10-minute CECL Solution,” LPA brings the industry’s first fully outsourced analytics tool for adopting and complying with CECL that also provides its users with valuable insights into the inherent risk in their loan portfolios and the performance of their loan officers.
Issued in June 2016 by the Financial Accounting Standards Board (FASB), CECL is the new “expected loss” accounting model for estimating the Allowance for Loan and Lease Losses (ALLL) to replace the current “incurred loss” model. CECL compliance takes effect in 2020 for SEC-filing and other banks considered a Public Business Entity under FASB standards, and in 2021 for all other financial institutions.
LPA is a complete outsourced solution that maps between the bank or credit union’s data processing system and PRA’s platform, enabling lenders to:
The impact of PRA’s loan portfolio analytics platform is immediate as lenders will spend less than 10 minutes a month to receive the valuable information provided by PRA’s solution. The LPA platform is stored on a SSAE#16 SOC 1 and SOC 2 compliant hosting solution that will keep a client’s borrower and institutional data confidential.
“LPA is the ultimate loan portfolio risk management tool for lenders,” says co-founder Toby Lawrence. “To our knowledge, it is the first CECL solution developed using the assistance of actuaries and provides users with additional information on risk, growth and profitability as well as loan officer performance." That’s a key point because as Lawrence explains, “with PRA’s solution, board of directors and senior management can finally have the information they have always wanted to strategically evaluate and manage their institution’s lending functions.”
As a CPA who was both a former senior partner in two of the nation’s largest certified public accounting firms, and a bank president and CEO, Lawrence knows first-hand how long and wide this industry gap has been, until now.
By understanding the concerns banks and credit unions would struggle with to implement and transition to CECL; the uncertainties surrounding what data is needed, what upgrades or new systems will be required and if existing internal staff will have the time to comply with CECL, served as the launch pad for the LPA platform versus the finish line to fully address the impact of CECL to each institution’s capital position and future earnings.
For a comprehensive sampling of LPA’s capabilities and a comparison to other CECL solutions, visit http://www.CECLadvisors.com. To schedule an individual or group demonstration contact Toby Lawrence at (319) 202-4365.
About Platinum Risk Advisors
Platinum Risk Advisors combines more than 100 years of expertise and experience across accounting, regulatory, lending, actuarial science, risk management, loss reserve setting and model development.
Chinese government has implemented policies to encourage companies to return to A-share market. With the fast growth of China’s economy, China concept stock’s privatization is increasing in 2018 after a number of companies including WuXi AppTec, Mindray and Cheetah mobile went private to China’s A-share market.
On November 11, China Customer Relations Centers, Inc. (CCRC) has announced plans to go private to A-share market in China.
CCRC’s announcement has led to more discussions by the capital market on privatization. Earlier this year, General Office of the State Council of China quoted China Securities Regulatory Commission’s (CSRC) policy during National People’s Congress and Chinese People’s Political Consultative Conference that based on China’s law and market policy, they encouraged innovative companies to issue stocks in China, especially industries with new technologies and strategies such as biotech, cloud computing, AI and high-tech manufacturing.
On October 19, 2018, CSRC announced during its press conference that they have taken steps to help restructure work including making reasonable prices to protect small and medium sized investors; actively supporting quality overseas listed companies to list in A-share market and treating overseas companies the same as domestic entities as well as eliminating barriers to entry.
Sources say, call centers and third-party providers of e commerce customer services are industries supported by Chinese government. This industry is labor-intensive with light assets and high tech. CCRC has advantages in this field.
Based on Chinese internet research data, the total market size of Chinese domestic call center is about 630 billion RMB or 91.1 billion dollars in 2017. Because of the large industry size and the market stability, its annual growth rate is about 8.4% and after 2020, it is estimated to be 5.5%. Currently, call center system is transitioning from local servers to cloud servers. Cloud call centers has become the majority of this growing market.
Many industry experts consider CCRC an absolute pioneer in China’s call center and e commerce service third party provider industry, especially during this era that Chinese government encourages domestic listing of quality overseas companies. The business model will be easier to be recognized by investors in the A-share market than Nasdaq. It will also provide more growth in value in the future.
(Oct 30, 2018 New York) Gingkoo Technology of Shanghai presented its vision on being a leading blockchain company in China during the Cryptocurrencies & Blockchains Forum at the 73th UN General Assembly. Gingkoo’s founder and CEO William Zuo gave a speech on how blockchain has been applied to the economy at the global conference in New York.
Gingkoo founder William Zuo speaks at UN
Representing Georgia, France and Germany, the Leading Group on Innovative Financing for Development invited experts from government and private sectors to provide insight into blockchain technologies and the potential impact on development. Blockchain technologies are critical to finance the 2030 Agenda and the Sustainable Development Goals.
Gingkoo’s founder, William Zuo shared his vision on blockchain with government officials, experts and entrepreneurs. He pointed out that blockchain technology should serve society from five tiers of the economy: government, financial institutions, large corporations, small and medium size enterprise (SME) and individuals.
Zuo says, “Blockchain should have two core values: one is the trust machine, with trust by coding and programming. The other is to build the next generation value internet.”
Gingkoo, the Shanghai based fintech company has successfully applied blockchain technology to serve government and financial institutions clients worldwide.
In Guangzhou, Gingkoo has guided local government in adopting a blockchain solution to improve government affairs and transparency, which has been awarded as the top 10 Blockchain Application by China Ministry of Information and Industry. They also created a garbage classification solution by using blockchain+IOT technology for the local governments. The company deployed a food traceability project from northern china to address the problem of food safety concerns in China.
In the financial services arena, Gingkoo’s cases include payment and tax solutions, supply chain finance and Regtech solutions. Gingkoo’s clients include major commercial and central banks such as HSBC, Citibank, Morgan Stanley, Deutsche Bank and UBS etc.
As the biggest solution provider for CIPS, China cross border payment system of China central bank, Gingkoo has been a key player to support the country’s one Belt one Road Initiatives and to develop blockchain-enabled cross-border, cross-currency and cross-asset payments and logistics solutions, which could revolutionize the supply chain finance sector worldwide.
Meanwhile, David Ritter, CEO of Penta and co-founder of Gingkoo, Florie Zheng joined the meeting and shared Penta’s work progress on blockchain. Penta, a public chain, is leading the solution of identity issues for the homeless population in US west coast cities. In July 2018, Penta was the first blockchain crypto startup to complete acquisition of shares of AXS listed Australian IOT tech Company, CCP Technologies, using Penta’s PNT Cryptocurrency.
(L-R) Florie Zheng, David Ritter of Penta at UN
Zuo pointed out the other advantage of blockchain is to resolve the trust issue among SME. Gingkoo has used blockchain technology in Xiamen City to help SME financing and individual credit information sharing. This case was one of the first successful attempts in its field and was shared by Zuo at the Berlin World Bank SME Financing Summit in Nov. 2017.
As Gingkoo aims to be the first blockchain application solution provider in China, Zuo shared his vision on the future of blockchain, “I think blockchain should be green, inclusive and productive. I think everyone in the future will deserve opportunity of the blockchain.” His speech has been applauded by hundreds of attendants at the UN event.
On September 4 and 5, Wiliam Zuo gave a speech as an honored guest at the Organization for Economic Co-operation and Development (OECD)’s first ever Blockchain Policy Forum in Paris, which was considered one of the high-level discussions with a range of public officials and private leaders from all over the world.
William Zuo Gingkoo CEO speaks at OECD Blockchain Policy Forum in Paris
About Gingkoo and Penta
Gingkoo Technology (www.gingkoo.com) is a Shanghai based leading Blockchain technology company established in 2014. It helps build complete blockchain solutions in banking, financing and government. Gingkoo has raised about 23 million dollars or 160 million RMB led by Zhongnan Investment Group (SZ.000961).
As a member of China's Ministry of industry and information and the National Standardization Management Committee, Gingkoo Technology participates in the formulation and compilation of several national standards of blockchain, and several district chain experts have been selected as members of the ISO/TC307 international standard specialist group. Gingkoo is the first company to receive the prestigious Million RMB Award for Blockchain from the Shanghai municipal government, recognizing Gingkoo’s outstanding contributions to blockchain development. In explaining their decision for the award, the government cited Gingkoo’s credit chain as a groundbreaking project that enables SMEs to gain access to credit.
Penta (www.penta.global) is a joint project of permissionless chain by Gingkoo and an American team. The goal of Penta is to achieve a fast-decentralized infrastructure compared to ETH and EOS. Penta has raised 30 million dollars in private funding, invested by crypto funds including Draper Dragon, Node Capital, Block VC and LD Capital.
Image courtesy of UN and OECD
Dallas, TX: KryptoGraphe is pleased to announce that its cryptocurrency portfolio manager is compliant with the GDPR regulations. The EU General Data Protection Regulation (GDPR) is the most comprehensive EU data privacy law in decades. Besides strengthening and standardizing user data privacy across the EU nations, it will require additional obligations for all organizations that handle EU citizens’ personal data, regardless of where the organizations themselves are located.
The new regulations are designed to better reflect the interconnected nature of our world regarding consumer’s right to privacy, protection of personal data, and business usage of personal data across the European Union.
The team at KryptoGraphe has updated the app to implement the data protection and privacy policies.
Download the app for free at:
Our partner and compliance administrator from Hummingwave, Amit Singh says: “KryptoGraphe has been trusted by thousands of its users with their cryptocurrency portfolio information due to its security, privacy, and transparency. Implementing GDPR makes these features so much more visible to users. Recent enhancements let users export their data in a machine-readable format to be used in any other system and to delete their account should they choose to.”
KryptoGraphe encourages safe investing and aims to provide a secure platform to track all cryptocurrency investments.
Insuranks.com, the international startup technology company and marketplace platform is looking forward towards complete disruption of the insurance industry by continuously improving the insurance experience of all sides of the industry. Insuranks is aiming towards creating as many simple, transparent, accessible, fast, reliable, secure and friendly user experiences for insurance consumers, agents, brokers and carriers. It currently has over 70 listed insurance companies and over 12,000 insurance agents on board.
The new Israeli technology startup is allowing consumers (also named Insurankers on the friendly platform) to request and compare quotes and purchase their insurance online with over 230 supported insurance types, manage it and later rank the level of service that they received from their chosen insurers. Insurankers rank anything from customer service and claims experience to emotional intelligence, listening skills, trustworthiness, dedication and more in depth factors that are important to look for in an insurance service provider. Those rankings aggregate in to what is called Insuranks Score, an average ranking of all user rankings submitted for each insurance service deliverer. This ranking is displayed all around the platform for the benefit of the users, so when they get quotes they can find all the information they need about the insurance provider and make a wiser and more educated decision. Or when they simply browse through insuance companies and agents or look for the top 10 insurance companies and agents for over 230 insurance categories that the platform supports. It becomes the insurers reputation all around the platform.
On the other hand, it also provides full information on companies and agents and allows agents and brokers to deliver quotes online through the carriers they work with via the easy to use marketplace platform. The agents insurance marketplace is fast, reliable and user friendly and contains a stream of insurankers that are waiting for agents to give them bids and quotes for their insurance needs. Agents can also manage their sold policies and clients online via desktop, tablets and mobile phones.
With a mission to create maximum remarkable insurance experiences worldwide while making insurance simple and accessible to anyone regardless of levels of income, education or location, Insuranks is now looking for big name investors and sponsors to support their efforts and become the ultimate one-stop shop for all insurance needs while offering consumers, agents and carriers the best insurance experience that they can possibly receive online.
Congress the Real Estate 2018 together with Stankevicius MGM has prepared an exciting investment event with presents and new business opportunities for participants worldwide.
About the event
The organizers of Congress the Real Estate 2018 are preparing a worthy event to attend for investors. The event will cover crypto-assets, overseas properties, museum pieces, different investment projects, possibility to purchase gold bullion, possibility to deal with stock exchanges, IT-technology projects, developer’s programs. Event’s participants will as well include insurance companies, tax consultants, and lawyers. Representatives and delegations from over 20 countries will come to the Congress.
Each year the congress offers innovative technologies and conveniences for guests and participants. Among the offers, you can find the matching opportunity of the first online exhibition of the Congress on the platform by Online Expo. The exhibition makes direct contact between the visitor from around the world and participating company on the platform, Online Expo.
About Stankevicius MGM
Stankevicius MGM is the leader in PR and advertising field. The firm has consulted Fortune 500 companies and international small and medium-size enterprises. Stankevicius MGM has provided successful PR campaigns for ICO clients in result of raising over 300 million dollars for blockchain projects
David Haass joins other Forbes Finance Council members, who are hand-selected, to become part of a curated network of successful peers and get access to a variety of exclusive benefits and resources, including the opportunity to submit thought leadership articles and shorttips on industry-related topics for publishing on Forbes.com.
Forbes Councils combines an innovative, high-touch approach to community management perfected by the team behind Young Entrepreneur Council (YEC) with the extensive resources and global reach of Forbes. As a result, Forbes Council members get access to the people, benefits and expertise they need to grow their businesses — and a dedicated member concierge who acts as an extension of their own team, providing personalized one-on-one support.
I’m excited and honored to have been accepted into the Forbes Finance Council. I’m humbled to be given the opportunity to represent Elite Insurance Partners and MedicareFAQ. I look forward to being part of this prestige community of successful and like minded entrepreneurs.
Scott Gerber, founder of Forbes Councils, says, “We are honored to welcome David Haass into the community. Our mission with Forbes Councils is to curate successful professionals from every industry, creating a vetted, social capital-driven network that helps every member make an even greater impact on the business world.”
Posted in: Finance Market
50 units of model L3+ Antminer with Bitmain Technologies. Total value of this purchase order is ,800.00 and the delivery is scheduled for the middle of November.
45 units ofodel L3+ Antminer with Bitmain Technologies. Total value of this purchase order is 5,716.00 and the delivery is scheduled for the end of November.
10 units of model S9 Antminer with Bitmain Technologies. Total value purchase order is ,706.00 and the delivery is scheduled for the the middle of December.
50 units of model A4 Dominator with Innosilicon Technology LTD. Total value of this purchase order is ,000.00 and the delivery is scheduled for the middle of November.
5 units of BitcoLab Model (8 GPUs). Total value of this purchase order is ,500.00 and the delivery is scheduled for the middle of November.
Upon a timely delivery and full deployment, including an installation and setup, Bitcolab's Bitcoin mining operations are expected to generate approximate .1 million in annual revenue. Factoring in the general expenses including electricity and hosting, EBITDA from the Bitcoin Mining Operations is projected to be at 0,000 thousand per year.
The Company anticipates placing an additional purchase order for 340 units in early January after completing the installation and 60 days testing of incoming units.
Steve Rubakh, CEO of Integrated Ventures, Inc comments: “This fully paid purchase clearly indicates our confidence and the commitment to aggressively pursue opportunities in crypto currency market. With the recent market price of ,250.00 per Bitcoin, the mining business is extremely profitable. We are very excited about our clean balance sheet, cash on hand and a manageable convertible debt level of ,500.00. Our current financial position is allowing the Company to execute the launch of mining operations at such rapid pace and we are confident about hitting our revenue targets and building BitcoLab into a national mining powerhouse. We look forward to updating the investment community and shareholders with further progress."
About Integrated Ventures, Inc: The Company is focused on acquiring, launching and operating companies, primarily in the technology, mobile applications and healthcare transportation sectors.
For more details about please visit www.zebpay.com
About BitcoLab, Inc: This wholly owned subsidiary is pursuing opportunities in crypto currency sector with focus on bitcoin mining, hosting, pooling, manufacturing and distributing of own brand of mining equipment and the development of blockchain based applications for financial markets.
For more details about BitcoLab, Inc , please visit www.zebpay.com.