Integrated Ventures Executes A Non-Disclosure Agreement With PetaWatt Properties
April 27 2020 - 10:30AM
InvestorsHub NewsWire
PHILADELPHIA, PA -- April 27, 2020 --
InvestorsHub NewsWire -- Integrated Ventures Inc. (OTCQB: INTV)
(“Company”) is pleased to announce an execution of Non-Disclosure
Agreement (“NDA”) with PetaWatt Properties, LLC, for the purpose of
evaluating a Material Business
Transaction.
This NDA will allow both parties
to obtain certain confidential information about each other, exchange certain financial documents and to
initiate a high level discussions and negotiations, in regards to a
potential transaction, possibly involving (1) a joint venture, (2)
a purchase of assets or (3) business
merger.
Steve Rubakh, CEO, adds the following
commentary: "The Company is continually targeting and evaluating
business opportunities, with the goal to improve shareholder's
value. We have been focused on expansion of cryptocurrency
operations. Expanded relationship with PetaWatt with their access
to the power generation capacity, competitive electricity pricing
structure and mining infrastructure is a very attractive
opportunity. This potential transaction can diversify and increase
the Company's revenues and mining capacity, upgrade technology
expertise, facilitate entry into profitable hosting market and lead
to the uplisting to a higher stock
exchange.”
Integrated Ventures, Inc - Technology
Driven, Portfolio Holdings Company with focus on Blockchain
Technology and Cryptocurrency
Mining.
For more details, please visit company's
web at www.integratedventuresinc.com.
PetaWatt Properties, LLC -
Vertically integrated energy, facilities
& service provider to high demand energy clients, such as
blockchain cryptominers, hydroponic operators and data centers.
Focuses on developing smart energy hubs - a mix of data centers,
hydroponic produce operators and cryptominers. PetaWatt provides
the turn-key infrastructure to support clients' hardware. Manages
all ancillary services, including power and HVAC, allowing clients
to focus on their
businesses.
For more details, please visit company's
web at www.petawattgroup.com.
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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