Vancouver, British Columbia, Feb. 19, 2018 (GLOBE NEWSWIRE) -- Cascadia Consumer Electronics Corp. (the “Company” or “Cascadia”) (CSE:CK) is pleased to announce that the Company has entered into a 3-year non-exclusive licensing agreement of its intellectual properties in the Company’s self-developed trading platform for blockchain based digital assets, utility tokens and cryptocurrencies, with an unrelated third party in exchange for $60,000 monthly licensing fee to be payable in cash or Bitcoin. According to the licensing agreement, the first 3-month licensing fees are waived and therefore the Company is expected to receive licensing fees starting June 16, 2018.
“We are pleased to secure our first licensing agreement of the intellectual properties of our trading platform for blockchain based digital assets, utility tokens and cryptocurrencies. With this on-going revenue streams, our company will be able to focus on developing additional products and services under our fintech and blockchain lab divisions,” commented Rachel Wang, Cascadia’s President and CEO. “The Company is in the process of applying for an official approval from the Canadian Securities Exchange to change our company name and business so that it can better reflect our development and involvement in the blockchain and fintech sectors.”
About Cascadia
Listed on the Canadian Securities Exchange (CSE:CK) and headquartered in Vancouver, BC, Cascadia is a technology company operating in Vancouver, Canada.
For further information, please contact:
Cascadia Consumer Electronics Corp.
Rachel Wang
President and Chief Executive Officer
info@cascadiacorp.com
www.cascadiacorp.com
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