TORONTO, Feb. 28, 2019 (GLOBE NEWSWIRE) -- Graph Blockchain Inc. (“Graph” or “Company”) (CSE: GBLC) announces the departure of Peter Kim as Chief Executive Officer and Director of the Company, effective February 15, 2019. The Company, concurrently, appointed Jeffrey Stevens as Chief Executive Officer and Andrew Ryu as Chairman of the Board of Directors.

“I would like to thank the board of Graph Blockchain for appointing me to Chairman of the Board and Jeffrey Stevens to CEO. As executive officers of one of the founding partners of the Company and key persons involved in structuring and taking the Company public, I feel we are perfectly positioned to accelerate the growth of the Company. I am pleased to be working with Jeffrey as CEO and am very confident that the two of us along with the help of our board will drive the business forward.” says Andrew Ryu, Chairman of the Board of the Graph Blockchain.

“I would like to thank the board for entrusting me with the role of CEO. I am incredibly excited to assume the position and for the future of Graph Blockchain. We have an exceptionally talented team that is focused on continuing to innovate our product in new and diverse ways and unlocking future growth opportunities.” says Jeffrey Stevens, CEO of Graph Blockchain.

About Graph Blockchain Inc.

The Company develops leading-edge private blockchain business intelligence and data management solutions and is a pure play in the graph database technology space. Graph leverages its proprietary integration of the AgensGraph Database engine with IBM’s Hyperledger Fabric to create a transparent and immutable ledger with near real-time transactional data processing and intuitive data visualization. The Company has secured multiple prototype development contracts with multi-national conglomerates and sells across client subsidiaries as a full enterprise product.

Additional Information on the Company is available at: www.GraphBlockchain.com.

To keep updated with all news, corporate information and direct dialogue with Management join our Investor group on 8020 Connect here: http://bit.ly/8020Graph

For further information, please contact:

Jeffrey Stevens – CEO
Phone:   (647) 400-8494
Email:    jstevens@datametrex.com

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statemnets can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements. Such statements may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained herein are made as of the date of this press release and are based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking statements are made. Forward-looking statements in this news release include, but are not limited to, statements with respect to the appointment of Jeffrey Stevens and Andrew Ryu as the interim Chief Executive Officer and Chairman of the Company, respectively. 

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.