Millennium Blockchain Signs Letter-of-Intent to Invest $5 Million Into Healthcare Blockchain Company BurstIQ at #DAVOS2018
February 08 2018 - 10:27AM
InvestorsHub NewsWire
Millennium Blockchain Signs Letter-of-Intent to
Invest $5 Million Into
Healthcare Blockchain
Company BurstIQ at
#DAVOS2018
Blockchain division
negotiates first placement in Healthcare data
blockchain use-case sector
Las Vegas, Nevada February
8, 2018
-- InvestorsHub NewsWire -- Millennium
Blockchain
Inc.
(OTC:MBLC, "Millennium
Blockchain"
or the "Company"), a holding company primarily focused on
blockchain
technologies and
crypto-assets in financial markets, healthcare, crypto-mining and
high technology sectors,
announced today
that the Company has signed a letter-of-intent to invest $5 million
into
BurstIQ's
$20 million private equity and token offering. Millennium
Blockchain
plans to
take a 2.5% equity stake in the
healthcare
blockchain
data leader in addition to stake in
BurstIQ's
token offering. The transaction was negotiated at the 2018 World
Economic Forum, #DAVOS2018.
The decision to invest in
BurstIQ
comes on the heels of
BurstIQ's
successful 2017 fiscal year-end, the 2018 revenue pipeline and its
enterprise-level healthcare
blockchain
deployment partnership with Empiric Health for Intermountain
Healthcare. This partnership, in conjunction with
BurstIQ's
other operational efforts, has positioned
BurstIQ
as one of the only revenue-generating and profitable emerging
growth
companies in the
blockchain
industry.
Enzo Villani,
Chairman of Millennium
Blockchain,
commented, "At present, there are only a handful of
enterprise-level
blockchain
companies out there, even fewer in healthcare, and only one that
I'm aware that is profitableBurstIQ.
We are extremely excited to be able to support their
growthBurstIQ
should be a marquee asset in our portfolio."
Frank Ricotta, CEO of
BurstIQ,
commented, "We are thrilled to be working with the dynamic team at
Millennium
Blockchain.
We're honored to have a strategic
blockchain
investor such as Millennium
Blockchain
on our cap-table to help support us during this growth
period."
"Blockchain
is transformative technology that will fundamentally disrupt
multiple different industries," said
Millennium
Blockchain
CEO Brandon Romanek.
"We could not be happier with our choice to invest in
BurstIQ;
they will be our first portfolio acquisition, and we look forward
to working with their management team to help them
grow."
About BurstIQ
BurstIQ
is a
leading enterprise-level healthcare blockchain
data
company. The company offers a HIPAA-compliant
platform that seamlessly leverages blockchain,
advanced security, Big Data capabilities and machine intelligence
to enable healthcare businesses and individuals to access,
understand, and control their health data.
The
BurstIQ
Ecosystem
allows people and
businesses to transact through a network of marketplaces for
personalized products and services, value-added B2B services,
research opportunities, and peer-to-peer networks. The
BurstIQ
platform
and Ecosystem work together to improve the security of health
data, increase health access and personal empowerment, reduce
healthcare costs, and enable new insights and care models. It's not
just your data. It's your life.
For
more information visit http://www.burstiq.com/
About Millennium
Blockchain
Millennium
Blockchain
is a
holding company primarily
focused on blockchain
technologies and
crypto-assets in financial markets, healthcare, crypto-mining and
high technology sectors.
For
more information please visit www.mblockchain.io
CONTACTS
PR & Media Contact:
(702) 602-8422
info@mblockchain.io
BurstIQ:
Amber
Hartley
Chief
Corporate Development Officer
BurstIQ
E:
amber.hartley@burstiq.com
W: www.burstIQ.com
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