Philadelphia, PA -- April 23, 2018 -- InvestorsHub NewsWire --
Integrated Ventures, Inc. (OTCQB:
INTV), (“Company”), the technology holdings company with focus
on cryptocurrency mining, equipment manufacturing and blockchain
development is pleased to provide shareholders and investors with
this corporate update, covering Q2/2017 and Q3/2018.
The Company 's financial and operational milestones are
highlighted below:
INTV has retired all convertible debt and engaged an
independent financial advisory consultant, to analyze and
provide a final evaluation report regarding the elimination of all
the related derivative liabilities
NTV has closed an equity based and non-dilutive $160,000
funding round, by issuing Restricted Preferred Stock
INTV has closed an equity based and non-dilutive $750,000
funding round, by issuing Restricted Preferred Stock and
Warrants
INTV has launched and funded the development of
LoanFunder
INTV has completed a purchase of assets consisting of 150
mining rigs (valued at $225,000) and $175,000 in cash from
Digimine, LLC, by issuing Restricted Preferred Stock, in
non-dilutive, equity based transaction
INTV has accumulated 650 mining rigs, including a recent
purchase order of 140 Antminers.
Steve Rubakh, CEO of Integrated Ventures, Inc, comments:
“We are very proud of our Q3 financial accomplishments, which
are scheduled to be publicly disclosed by May 15, 2018.
The Company finished Q3/2018 with estimated 8.9 million shares
issued and 7.4 million shares in trading float.
The Preliminary and Unaudited Results for Q3/2018 point to
a strong Balance Sheet with (1) zero convertible debt, (2) 384%
increase in assets from $296,280 (a/o 06/30/ 2017) to $1,138,927
($1,538,927 including the most recent asset purchase, a/o
04/23/2018), (3) a solid cash position of $151,951 and finally (4)
42% gross margins (for Q2/Q3, a/o 3/31/2018). Please note that
financial data provided is unaudited and subject to the final
review by the auditors.
As of 04/23/2018, INTV had 175 mining rigs that are connected
and generating revenues. We expect to finish build outs of Paul St,
PA (2,500 sq ft) and Boundary Rd, NJ (5,900 sq ft) locations in
next 30 days and plan to connect remaining 475 mining rigs, by
early June of 2018.”
About Integrated Ventures, Inc.: technology holdings
company with focus on acquiring, launching and operating companies
in the cryptocurrency sector ("BitcoLab"), mainly in digital
currency mining, equipment manufacturing, sales of branded mining
rigs ("Nemesis") and blockchain software development
("LoanFunder").
For more details, please
visit www.integratedventuresinc.com.
***About Cryptocurrency Investments & Risks***
Integrated Ventures, Inc. urges all current and potential
investors to visit: (1) SEC website: https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11,
(2) NASAA website: http://www.nasaa.org/44073/nasaa-reminds-investors-approach-cryptocurrencies-initial-coin-offerings-cryptocurrency-related-investment-products-caution/ and
(3) FINRA website: https://www.finra.org/investors/highlights/dont-fall-cryptocurrency-related-stock-scamsto understand
the risks involved in cryptocurrency investing.
Safe Harbor Statement: The information posted in this
release may contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. You can
identify these statements by use of the words "may," "will,"
"should," "plans," "explores," "expects," "anticipates,"
"continue," "estimate," "project," "intend," and similar
expressions. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those projected or anticipated. These risks and uncertainties
include, but are not limited to, general economic and business
conditions, effects of continued geopolitical unrest and regional
conflicts, competition, changes in technology and methods of
marketing, and various other factors beyond the company's
control.
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