Envoy Group Corp/Black Cactus Global Implements agreement with Milestone Group UK
December 06 2017 - 9:03AM
Envoy Group Corp (OTC Markets:ENVV) (the “Company” or “Envoy”) is
pleased to announce a major software licensing arrangement for some
its Blockchain based products with Milestone Group PLC (AIM:MSG).
Under the terms of the Licence Agreement the Company has granted
Milestone an exclusive sublicense for the British Isles and certain
British Overseas Territories for a range of tech products,
including the Blockchain Music platform using smart contracts, Card
programmes and Know Your Customer (KYC) products. The agreement
additionally allows Milestone to select features of the Black
Cactus Global’s powerful Blockchain platform to build future
Blockchain applications.
Milestone Group PLC (www.milestonegroup.co.uk), is a London
based provider of digital media and technology and is listed on
London’s AIM Stock Exchange under the symbol MSG.
As part of the agreement Milestone has agreed to pay Black
Cactus a royalty of 10% of the first £500,000 of gross revenues and
5% on any gross revenues in excess of this amount. In
addition, Milestone will issue Black Cactus Global a total of
744,131,477 shares, equal to 29.5% of Milestone’s enlarged share
capital (“Share Consideration”). The Share Consideration is
subject to shareholder approval.
"This is the first of many revenue generating deals we have
planned,” comments CEO Lawrence Cummins. “We have an
excellent working relationship with the Milestone group, and this
expansive agreement will help us both solidify and grow the use of
Black Cactus Blockchain Technologies.”
Envoys’ name change to Black Cactus Global will be effective
upon FINRA approval.
About the Company
Black Cactus Global is a technology development company with a
focus on Blockchain, machine learning, crypto currency, and
the Internet of Things. We partner with international
government agencies, large corporations and specialised groups on
global development and consulting projects in our key development
areas of fintech, digital media, financial services, cyber
security, and healthcare.
Our mission is to pioneer the application of Blockchain and
overlapping technologies to protect IP and the security of data and
financial transactions.
For further information please visit our website at:
www.blackcactusglobal.com
Investor Relations:
Company Contact: Louis SilverTel: 1-610-710-1303 • Email:
lsilver35@verizon.net; louis@blackcactusglobal.com
Safe Harbor StatementsCertain information
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and are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking statements. Many of
these factors are beyond the Company’s ability to control or
predict. Important factors that may cause actual results to differ
materially and that could impact the Company and the statements
contained in this news release can be found in the Company’s
filings with the SEC. Such risks and other factors include, among
others, the ability to locate and acquire suitable interests in
alternative medicine manufacturing operations on terms acceptable
to the Company, the availability of financing on acceptable terms,
accidents, labor disputes, acts of God and other risks of the
alternative medicine industry including, without limitation, delays
in obtaining governmental approvals or permits, title disputes or
claims limitations on insurance coverage. The Company believes that
the expectations reflected in the forward-looking statements
included in this news release are reasonable; however, no assurance
can be given that these expectations will prove to be correct, and
such forward-looking statements should not be unduly relied upon.
The Company assumes no obligation to update or supplement any
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future events or otherwise.
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