FAVORED, INC. (OTC: FVRD) ANNOUNCES CRYPTO MINING
CONTRACTS AND FLOAT REDUCTION
Miami Beach, FL -- November 21, 2017 -- InvestorsHub NewsWire --
Favored, Inc. (OTC Pink:
FVRD) announced today the company is has entered into
Favored, Inc., through its wholly owned subsidiary Empire Mobile
Studios, Inc., has entered into mining contracts with a leading
mining company to mine for both Ethereum and Zcash.
At present, the market cap of Ethereum is in the $35 Billion
range with prices up over 3,000 percent over the last year. Zcash
has a market cap approaching $1 Billion with prices in the $300
range. Ethereum has the second largest market cap of all crypto
currencies and Zcash is an up and coming crypto currency that
continues to increase in popularity and usage. Zcash has the built
in feature of "selective disclosure" allowing users the option of
anonymous transactions or if desired full disclosure for auditable
transactions to provide proof of payment.
Additionally, the company has just recently taken 46 million
shares of free trading common stock out of the float which
additionally decreases the number of shares of common stock
outstanding. The company will provide OTC Markets updated share
count information in order to reflect the new float and outstanding
share count reduction on the company's profile page.
"We are working diligently to provide shareholder value. The
free trading common share reduction is just one of many planned
corporate actions the company is taking to increase overall value
to shareholders. We believe that the crypto mining contracts
provide some exciting opportunities for the company. We look
forward to providing additional updates in the near term," stated
Craig Coaches, President of Favored Inc.
About Favored, Inc.
Favored, Inc. is a publicly traded (OTC PINK:FVRD) diversified
holding company, which seeks opportunities to acquire, develop, and
grow businesses that can generate long-term sustainable free cash
flow and attractive returns in order to maximize value for all
stakeholders. Favored seeks to develop a diverse array of operating
subsidiaries.
Forward-Looking Statements Certain statements in this news
release may contain forward-looking information within the meaning
of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under
the Securities Exchange Act of 1934, and are subject to the safe
harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and
objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. Technical complications, which may arise, could
prevent the prompt implementation of any strategically significant
plan(s) outlined above. The Company undertakes no duty to revise or
update any forward- looking statements to reflect events or
circumstances after the date of this release.
Website: http://www.favoredinc.com/
Phone: 800-214-3109
Email: info@favoredinc.com