Fully Owned Subsidiary ICO Ranker Puts Codebase Ventures in Ideal Position to Capitalize on Bitcoin's Resurgence and the Arrival of New Opportunities for Retail and Institutional Investors
VANCOUVER, BC / ACCESSWIRE / May 17, 2019 / Codebase Ventures Inc. ('Codebase' or the 'Company') (CSE: CODE - FSE: C5B - OTCQB: BKLLF), is providing an update on the Company's holdings and exposure in the cryptocurrency markets, which have begun to show signs of rebounding from 2018's sluggish cycle.
The Company continues to operate one of the most highly respected token review websites, ICO Ranker (icoranker.com). Founded in 2017 when bitcoin was still largely unknown to the general public - and many investors - ICO Ranker established itself as a must-use marketing tool for Initial Coin Offerings.
'As global marketing spend for ICOs dropped during the 2018 downturn, ICO Ranker's publisher, Jeff Koyen, implemented cost-saving measures to reduce the Company's burn rate,' said George Tsafalas, Codebase President and CEO. 'Jeff also made the decision to redesign the website and expand the business model to reflect a broader mission.'
ICO Ranker's broadened mission includes the following components:
- No longer exclusively focusing on ICOs
- The Company now offers marketing services to all token sales, including Initial Exchange Offerings (IEOs) and Security Token Offerings (STOs)
- ICO Ranker also expanded its timely news coverage to increase the site's reputation and visibility among investors
'We credit these decisions for ICO Ranker's continued importance in the cryptocurrency ecosystem,' explained Jeff Koyen. 'In particular, many Industry experts attribute Bitcoin's current bull run to the growing popularity of IEOs and STOs, which make it easier for institutional and retail investors to participate in token sales.'
The new ICO Ranker website is expected to launch on or around June 1.
About Codebase Ventures Inc.
Codebase Ventures Inc. is a small, hands-on team of financial and technology experts who invest early in great ideas. We operate from the understanding that technology is always evolving, bringing early opportunities for strategic investments that can deliver the exponential returns to our shareholders. We seek out and empower the innovators who are building tomorrow's standards with platforms and protocols, not just products. We invest early, support our founders, take their ideas to market and work tirelessly to help them realize their vision.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Brian Keane, Director
Telephone: 1 (778) 806-5150 - TOLL FREE (877) 806-CODE (2633)
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as 'plans', 'expects', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'predicts', 'intends', 'targets', 'aims', 'anticipates' or 'believes' or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions 'may', 'could', 'should', 'would', 'might' or 'will' be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
SOURCE: Codebase Ventures Inc.
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