UTAH, March 26, 2019 (GLOBE NEWSWIRE) -- Appliqate (OTC: APQT), a Wyoming Corporation, acquires a minority stake in Utah-based NUI Social (Nui). APQT also acquired ownership of it’s digital wallet assets, intellectual property.
NUI was founded in 2017 and has over 300,000 trained sales reps. The NUI sales rep program provides people the opportunity to earn money by bringing exposure to digital applications on an array of platforms. NUI has a reputation of success and has shown its ability to bring massive exposure to digital platforms. NUI has recorded as many as 10,000,000 app downloads surveys and other activities in a one month period. The equity and asset purchase also brings a strategic partnership allowing NUI members to apply for the 88,572 person speciality blockchain sales force(Appliqate Affiliates), Appliqate is recruiting and training to launch more blockchain companies. The partnership allows Appliqate to promote blockchain products with reps specifically educated in blockchain while simultaneously leveraging the large NUI network. The Appliqate platform will help accelerate the growth of companies focused on blockchain and create awareness of those companies by members of the global blockchain and cryptocurrency community.
Appliqate’s growing network, infrastructure and support for its blockchain technologies are a revolutionary force bringing new opportunities to today’s business world. The demand for the services and infrastructure for blockchain applications is expected to continue to grow exponentially. Just as building the railroad was an essential factor to usher in the Industrial Revolution, building the blockchain rails—the network and blockchain infrastructure—will be essential components in the blockchain revolution. Appliqate is perfectly positioned at the front of this bold new revolution, with a comprehensive suite of products and offerings, strategic partnerships, a proven business model, and an innovative vision.
Appliqate has acquired equity in NUI for 15,000,000 restricted common shares of stock issued by the treasury of the company. In preparation for this acquisition and other future goals the majority shareholder of the company has agreed to return 115,000,000 shares of stock to the company treasury. This allows the company to complete this transaction and set aside 100,000,000 shares to establish an Employee Stock Option Program for its Appliqate Affiliates (the blockchain sales force) without any dilution to the shareholders.
Additionally Appliqate announces that it will use Airdrops to widely distribute the crypto tokens used in the Appliqate ecosystem. These Airdrops will utilize a new proof of stake model and ensure a massive decentralized ownership and therefore the widespread usage of the tokens. The relative ease and zero-expense nature of airdrops makes them an important vehicle for millions of people to gain access to the digital asset ecosystem, and we believe as other leaders in the industry do, that airdrops will help pave the road to mass market adoption of crypto assets.
Darren Olayan, APQT’s CEO shared, “This strategic partnership will allow members of the NUI family to exponentially grow Appliqate’s product adoption rates and revenue. This adds another foundational piece needed to power the next wave of innovation in blockchain applications.”
The NUI platform was designed to reward all who participate in the promotion of digital applications. It was the NUI’s team desire to build a platform where anyone could have an opportunity to earn an extra $500 a month. It's their intention to pay that $500 in crypto by way of a crypto wallets. This partnership allows both companies to benefit from the exponential growth of the global blockchain ecosystem.
Forward-Looking Statements:
This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. Except for historical matters contained herein, statements made in this press release are forward-looking statements. Without limiting the generality of the foregoing, words such as “may”, “will”, “to”, “plan”, “expect”, “believe”, “anticipate”, “intend”, “could”, “would”, “estimate,” or “continue”, or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Forward-looking statements involve known and unknown risk, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Also, forward-looking statements represent our management’s beliefs and assumptions only as of the date hereof. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with the SEC including the Current Reports on Form 8-K and the Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. Except as required by law, we assume no obligation to update these forward-looking statements publicly or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
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