Long Blockchain Corp. Forms Blockchain Strategy Committee
January 26 2018 - 8:15AM
- Appoints Shamyl Malik as Chairman of
Committee -
Long Blockchain Corp. (NasdaqCM: LBCC) (the “Company”) today
announced that it has formed a Blockchain Strategy Committee (the
“Committee”) to help focus the Company’s shift into blockchain
technology and has appointed Shamyl Malik, a current member of the
Company’s Board of Directors, as the chairman of such committee.
The Committee is being established to serve as a
resource in assisting the Company’s Management and Board of
Directors in development and implementation of its long-term
strategy to invest in opportunities that leverage the benefits of
blockchain technology. Mr. Malik will serve as Chairman of the
Committee and will seek to fill the Committee with experienced
financial technology and blockchain industry professionals who the
Company will utilize in the assessment and execution of strategic
opportunities.
Philip Thomas, Chief Executive Officer of the
Company, commented, “We are excited to have Shamyl help spearhead
the development of our blockchain initiatives. He has already
proven to be a valuable member of the Board of Directors and we are
confident that he will build a great team of advisors that will
help the Company execute on its vision to be a world-class
organization.”
Mr. Malik added, “Since joining the Board of
Directors earlier this month, I have been working with the Company
to develop its long-term strategy and analyze new opportunities in
blockchain technology. I am excited to formalize this role and have
already been in discussions with multiple blockchain professionals
who may be interested in joining the Committee.”
Mr. Malik has been involved in the financial
technology sector for the past decade. He currently serves as
Global Head of Trading at Voltaire Capital, a leading liquidity
provider in the foreign exchange market. Prior to joining Voltaire
Capital, he served as Head of FX Electronic Trading at Morgan
Stanley and Head of Electronic Market Making for Emerging Markets
and Precious Metals in the Capital Markets Division at Citibank.
Mr. Malik began his investment banking career at Lehman Brothers,
working in both New York and London across various derivative
trading roles in fixed income, commodities and currencies. While
completing his Doctor of Philosophy degree in Econometrics at the
University of Oxford, Mr. Malik also performed economic research at
the International Monetary Fund and The World Bank in Washington
D.C.
About Long Blockchain Corp.Long
Blockchain Corp. is focused on developing and investing in globally
scalable blockchain technology solutions. It is dedicated to
becoming a significant participant in the evolution of blockchain
technology that creates long term value for its shareholders and
the global community by investing in and developing businesses that
are “on-chain”. Blockchain technology is fundamentally changing the
way people and businesses transact, and the Company will strive to
be at the forefront of this dynamic industry, actively pursuing
opportunities. Its wholly-owned subsidiary Long Island Brand
Beverages, LLC operates in the non-alcohol ready-to-drink segment
of the beverage industry under its flagship brand ‘The Original
Long Island Brand Iced Tea®’. For more information on the Company,
please visit www.longblockchain.com.
Forward Looking
Statements
This press release includes statements of the
Company’s expectations, intentions, plans and beliefs that
constitute "forward looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 and are intended to come within the
safe harbor protection provided by those sections. These
statements, which involve risks and uncertainties, relate to the
discussion of the Company’s business strategies and its
expectations concerning future operations, margins, sales, new
products and brands, potential joint ventures, potential
acquisitions, expenses, profitability, liquidity and capital
resources and to analyses and other information that are based on
forecasts of future results and estimates of amounts not yet
determinable. These statements include any statement that does not
directly relate to a historical or current fact. You can also
identify these and other forward-looking statements by the use of
such words as "may," "will," "should," "expects," "intends,"
"plans," "anticipates," "believes," "thinks," "estimates," "seeks,"
"predicts," "could," "projects," "potential" and other similar
terms and phrases, including references to assumptions. These
forward looking statements are made based on expectations and
beliefs concerning future events affecting the Company and are
subject to uncertainties, risks and factors relating to its
operations and business environments, all of which are difficult to
predict and many of which are beyond its control, that could cause
its actual results to differ materially from those matters
expressed or implied by these forward looking statements. These
risks include the Company’s history of losses and expectation of
further losses, its ability to expand its operations into
blockchain technologies, its ability to develop or acquire new
brands, the success of its marketing activities, the effect of
competition in its industry and economic and political conditions
generally, including the current economic environment and markets.
More information about these and other factors are described in the
reports the Company files with the Securities and Exchange
Commission, including but not limited to the discussions contained
under the caption “Risk Factors.” When considering these forward
looking statements, you should keep in mind the cautionary
statements in this press release and the reports the Company files
with the Securities and Exchange Commission. New risks and
uncertainties arise from time to time, and the Company cannot
predict those events or how they may affect it. The Company assumes
no obligation to update any forward looking statements after the
date of this press release as a result of new information, future
events or developments, except as required by the federal
securities laws.
Contacts:
For Investors
Philip Thomas
Long Blockchain Corp.
1-855-452-LBCC
info@longblockchain.com