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Fogchain Corp
Symbol FOG
Shares Issued 78,814,521
Close 2018-09-14 C$ 0.355
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ORIGINAL: FogChain Provides Status Update on Their Recent Acquisition of Quilmont Solutions

2018-09-14 09:26 ET - News Release

FogChain Provides Status Update on Their Recent Acquisition of Quilmont Solutions

Vancouver, British Columbia (FSCwire) - (OTCQB:FOGCF; CSE:FOG; FWB:MUU3) FogChain Corp. (“FogChain” or the “Company”) is pleased to announce recent updates and news regarding its recent acquisition of Quilmont Solutions, Inc. (“Quilmont”), which was completed on August 31, 2018.


FogChain, a next-generation fully integrated software development, testing and deployment platform, provides developers with a suite of rapid development tools and resources for the creation of apps, smart contracts, mobile apps and decentralized apps (dApps). FogChain recently acquired Quilmont which is a growing and profitable software development solutions provider specializing in automated testing, Continuous Integration and Deployment (CI/CD), mobile and website development, and software quality assurance.


The latest progress and updates coming from Quilmont are quite substantial, especially given the short amount of time since the acquisition. First and foremost, Quilmont is getting ready to release the latest version of its patented Test Case Manager platform, which is an enterprise-grade, automated application testing product, utilized across mobile, web, and desktop applications. Additionally, Quilmont is working fervently on a configurable CI/CD environment for streamlining the development of mobile applications. The client list continues to grow with the addition of two new government agency support projects and ongoing talks with fortune 100 companies in the finance and automotive industries. Furthermore, planning and integration is already underway with FogChain’s rapid application development platform, RadJav, to create a seamless end-to-end development, testing and deployment solution to serve enterprises and developers alike.


Patrick Quilter, the president and founder of Quilmont, stated, “Working with Fogchain and the resources they’ve connected us with has been a fantastic experience for our team, and is already producing great benefits for the company in terms of the potential clientele we can get in front of and serve. Integrating with FogChain is already producing significant value and we’re very excited about what’s in store for the months and years ahead.”


FogChain CEO, James Cerna commented, “We strongly believe the future of software development and testing is based upon a new paradigm of creating not only a platform that spans all devices and operating systems, but also has a fully integrated and automated end-to-end testing and quality assurance solution that’s cost effective. Bringing Quilmont into FogChain has already created incredible synergies and new client opportunities for us, and we could not be happier with how things are working so far.”


About FogChain Corp.


FogChain (OTCQB: FOGCF; CSE: FOG) is a fully integrated, end-to-end software development life cycle (SDLC) and quality assurance solutions provider. Combined with a decentralized Fog (edge network) and high-performance application development platform, FogChain’s suite of services and technology provides application development at scale with greater speed, efficiency and at a lower cost. With the recent explosive demand for more edge computing and security within the Micro-Service, IoT, mobile data and driverless vehicle space, FogChain's Build-Once Deploy-Everywhere software architecture provides developers with a suite of tools and resources that bridges devices, operating systems, and the ability to build and launch exciting new applications in a unified environment. Led by a team of Cloud and SaaS veterans, FogChain is uniquely positioned to be a leader in the next super wave of the $500 billion software development market. Learn more at www.FogChainInc.com


FogChain Media Contact:

Investor Relations


(415) 745-8650




This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the terms and conditions of the Transaction; use of funds; and the business and operations of the Company. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, the Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.


SOURCE FogChain Corp.

Source: FogChain Corp. (CSE:FOG, OTCQB:FOGCF, FWB:MUU3)

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