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Cloud Nine Web3 Technologies Inc
Symbol CNI
Shares Issued 16,787,047
Close 2021-06-23 C$ 0.82
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Cloud Nine Web3 reviews 2021 progress

2021-06-23 14:09 ET - News Release

Mr. Sefton Fincham reports


Cloud Nine Web3 Technologies Inc. has provided a corporate update on a record year to date.

Cloud Nine is a technology company focused on leveraging Web 3.0 to power a future where decentralized users and machines are able to interact with data, value and other counterparties through a substrate of peer-to-peer networks without the need for third parties.

"This past quarter has seen tremendous growth for our company. We signed key partnerships, made certain strategic acquisitions, and added key executive members and leaders to the Cloud Nine team. Our company's healthy cash position has given us the strong footing to look for new accretive opportunities for growth. Our impressive new advisory board has already opened doors and provided the executive team with unprecedented guidance, vision and leadership in a very short time span," said Cloud Nine president Sefton Fincham.

The company's proprietary ecosystem includes:

  • Next Decentrum -- the educational technology platform is designed to provide users with easy and simple guides to cybersecurity, wearable technologies, blockchain technology, cryptocurrencies and decentralized finance (Defi);
  • Limitless network (VPN miner) -- the Limitless platform gives the consumer plug and play opportunities to mine favourite cryptocurrencies which are then immediately stored in the consumers in-app digital wallet;
  • Digital wallet for desktop and mobile -- crypto credit card paired with user friendly cryptocurrency banking services on desktop, mobile and hardware wallets;
  • Decentralized storage application -- takes the planet's most underutilized computer resources and provides the most secure and affordable database in the world.

The company is pleased to provide the following updates from Jan. 1, 2021, to June 30, 2021.

January to February, 2021:

  • Feb. 9 -- Cloud Nine announces new chief financial officer and adds new board member;
  • Feb. 16 -- Cloud Nine signs letter of intent (LOI) to acquire cryptocurrency and blockchain assets.

March, 2021:

  • March 3 -- Cloud Nine targets educational technology development and engages Bluzelle for specialized program development of its existing platform;
  • March 5 -- Cloud Nine announces unveiling of proprietary educational technology platform;
  • March 8 -- Cloud Nine adds Web3 tech entrepreneur Pavel Bains, chief executive officer of Bluzelle, as a strategic adviser;
  • March 16 -- Cloud Nine closes acquisition of Limitless VPN platform;
  • March 19 -- Cloud Nine adds entrepreneur Mr. Fincham as president;
  • March 25 -- Next Decentrum, powered by Cloud Nine, releases non-fungible token (NFT) guide to help unlock the global collectibles market;
  • March 30 -- Cloud Nine adds Hussein Hallak to the strategic advisory board.

April, 2021:

  • April 1 -- Cloud Nine commenced trading on the Frankfurt Stock Exchange;
  • April 20 -- Cloud Nine announces strategic partnership to launch NFT products and managed services.

May, 2021:

  • May 11 -- Cloud Nine adds eBay managing director and WePay Korea chief executive officer as strategic advisers;
  • May 18 -- Cloud Nine strengthens advisory board with the addition of former executive of PayPal Asia and chief executive officer of Glocontech.

June, 2021:

  • June 16 -- Cloud Nine appoints former chief executive officer of DMG Blockchain Solutions, Dan Reitzik, as a special adviser to the board of directors.

Strategic additions to the team

In the past quarter, the company launched a strategic initiative to bring on the very best leaders to its board, strategic advisory council and executive team. Key additions include:

  • Mr. Fincham, Look To The Sky Films and Thirty Six Financial Group founder and raised over $100-million for numerous small-cap companies, as company president;
  • Nilda Rivera, formerly Aurora Cannabis vice-president and corporate secretary, as Cloud Nine chief financial officer and corporate secretary;
  • Kant Trivedi, co-founder and a director of Blockfusion Technologies Inc., formerly chief operating officer and managing partner at Greenwich Associates and formerly a senior director at Rogers Communications, as a director;
  • Mr. Reitzik, formerly chief executive officer and founder of DMG Blockchain Solutions, as a strategic adviser;
  • Richard Oh, former executive at PayPal Asia, as a strategic adviser;
  • Eric Sim, chief executive officer of Glocontech, as a strategic adviser;
  • Shin-Young Park, chief executive officer of WePay Korea, and a payment development specialist, as a strategic adviser;
  • Mr. Bains, chief executive officer and co-founder of Bluzelle Networks and writer and contributor to Forbes, Venture Beat and Fast Company, as a strategic adviser;
  • Mr. Hallak, developer of over 20 start-ups and launched first and largest marketplace for Middle Eastern art, as a strategic adviser.

"Cloud Nine is poised for growth, future strategic initiatives and partnerships as we head into Q3 and the remainder of 2021," said Mr. Fincham. "The outstanding acquisitions and additions to our team, our board and advisory board, along with having raised over $5.5-million, is positioning our company for increased market share and sales growth moving forward."

As part of the company's continuing efforts to identify additional product areas with high growth potentials and to open up new lines of business, Cloud Nine's senior management is in advanced discussions with its strategic advisers evaluating the opportunity to join the world's leading bitcoin mining associations, including, but not limited to, the Bitcoin Mining Council, the Crypto Climate Accord and the Sustainable Bitcoin Standard.

About Cloud Nine Web3 Technologies Inc.

Cloud Nine Web3 Technologies is a technology company focused on incorporating emerging technologies into its current platforms leveraging Web 3.0. Cloud Nine's mission is to fuel innovation and make the future more accessible by powering the launch and growth of future tech companies. Web 3.0 enables a future where decentralized users and machines are able to interact with data, value and other counterparties through a substrate of peer-to-peer networks without the need for third parties.

We seek Safe Harbor.

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