Mr. Akash Patel reports

GLOBAL REMOTE CLARIFICATION ON SIGNED LOI TO ACQUIRE 1LINX BLOCKCHAIN TECHNOLOGIES

Global Remote Technologies Ltd. has signed a non-binding letter of intent to acquire 1Linx Blockchain Technologies Corp., a New York-based blockchain technology company, for its highly successful proprietary blockchain authentication platform and suite of blockchain security services.

In the United States, bitcoin exchanges are considered money services businesses (MSBs), subject to various obligations and regulation. As a financial institution, MSBs are required to comply with Bank Secrecy Act laws and regulations. 1Linx provides a suite of customer and security services that cater to meeting the regulatory requirements of blockchain MSBs.

1Linx operates four distinct business lines: operator look-up, customer look-up, IP (intellectual property) information and customer-friendly user experience. All four business lines offer transaction verification services backed by the 1Linx proprietary blockchain technology platform. 1Linx was founded in 2013 by veterans in the mobile data and blockchain space. Their proprietary platform has attracted flagship customers like Coinbase.

Founded in 2012, Coinbase is one of the largest digital currency wallet platforms, where merchants and consumers can transact with new digital currencies, and has quickly become, "the world's most popular way to buy and sell bitcoin, ethereum and litecoin."

The letter of intent is subject to a number of conditions, including the approval of 1Linx's shareholders and board, the approval of Global Remote's board, and the settlement of all of 1Linx's debt prior to closing. The LOI also outlines the execution of a definitive agreement, which the parties agree to execute within 30 days following the company receiving the audited financial statements of 1Linx.

Under the terms of the LOI, it is intended that Global Remote and 1Linx will enter into a business opportunity by way of a share exchange, share purchase, amalgamation or arrangement, or other similar form of transaction, which will result in Global Remote acquiring all of the outstanding securities of 1Linx, such that 1Linx will become a direct wholly owned subsidiary of Global Remote, in exchange for the issuance by Global Remote to the shareholders of 1Linx, on a pro rata basis, of: (i) four million common shares without par value in the capital of Global Remote: (ii) 500,000 common shares, upon dissemination of a press release pertaining to the transaction, the form of which is satisfactory to both Global Remote and 1Linx; and (iii) 500,000 common shares upon 1Linx earning net profit for one calendar month of $15,000. The parties agree, however, that the final structure of the business opportunity is subject to receipt by the parties of tax, corporate and securities law advice. If a definitive agreement is signed, it will be considered a fundamental change under Policy 8 of the Canadian Securities Exchange and will be subject to shareholder and exchange approval.

This acquisition, and the future development of blockchain software, will allow Global Remote to provide its resources, oil and gas clients with the most cutting-edge security and process development software. The company will be able to significantly increase its partner profit margins and will decrease liability for asset and project management.

About Global Remote Technologies Ltd.

The objective at Global Remote Technologies is to reduce operational costs in the energy domain, specifically the oil sector, with unique, proprietary techniques and technologies that support upstream, mid-stream and downstream processes. Services are developed to create custom solutions that improve performance, improve health and safety standards, and bring significant savings to clients. Global Remote operates in rugged locations around the globe, with offices in Canada, Mexico, Oman and the United States.

We seek Safe Harbor.