LAS VEGAS, May 23, 2018 (GLOBE NEWSWIRE) -- Black Cactus Global (OTC:BLGI) (the “Company”) has withdrawn its participation in a plan to acquire a bank in Iceland with NSB Holdings ehf for the purpose of creating the first fully digital bank. After a strategic review the Company has concluded that the plan would involve numerous competitive risks that would certainly impact the economic feasibility of such a project, as well as divert the Company’s focus away from its primary activity which is the development of Blockchain applications for the efficient management of financial and administrative processes across numerous industries. The Company’s management strongly believes that early stage enterprises require laser-like focus on the achievement of its primary activity to maximize success.
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