Blockchain Technology

Metrospaces CEO Releases Shareholder Letter

 Metrospaces, Inc. (OTC Pink: MSPC) (“Metrospaces” or the “Company”),  a leading a PropTech company, combining world-class real estate development organization seeking to reinvent the real estate industry using Artificial Intelligence (“AI”), Blockchain and other technologies,  reported a Shareholder Letter from its CEO, Oscar Brito and its CTO, Alejandro Laplana highlighting Year End 2021 results and their Strategic Roadmap to Exponential Growth.

Dear Shareholders:
Thank you for your continued support and loyalty.  It is our personal commitment to engage our shareholders with clear and consistent communication and provide timely updates. We wish to highlight our recent accomplishments and strategic roadmap.
During the past quarter, we have achieved several strong milestones, including: 

  • Successful advancements in the Metrohouse beta testing
  • Achieved Beta Testing of the Metrocrowd real estate property tokenization technology, with exceptional results
  • Approaching completion of the first stage of construction of our luxury properties in the Dominican Republic
  • Conversion of our office building assets in Houston to near complete occupancy and strong Net Operating Income (NOI) increases.
  • Completion of the 2019 and 2020 audited financials and preparing 2021 financial reports with strong improvements

Metrospaces Strategic Leadership
The PropTech industry is rapidly evolving and having strong advice from top leaders in the industry is key to Metrospaces success. Members of our strategic leadership team, including Advisory Board member and blockchain pioneer Thomas Carter, have spent much of the past quarter creating a strong strategic and operational plan to leverage all Metrospaces assets and intellectual property.

Metrohouse – Co-Living Platform
Beta Testing continues with very positive feedback from its Discord channel. User results led to significant feature improvements, including identification and addition of key neighborhood attributes, client reviews and blog functions to share local events and experiences with the digital nomads who form the core of Metrohouse subscribers. Strong interactive testing and debugging have improved user experience ensuring a smooth launch. Metrohouse plans to launch in the Second Quarter 2022 in  a selected city, thirty units available for lease. Subsequent market launches in the coming quarters, are planned to include between 120 to 150 total units for rent.

Metrocrowd – Tokenization platform
Metrocrowd Beta test began on the Fourth Quarter of 2021. Rigorous testing of the platform and feedback from the Test Users have identified key features, which allowed overall enhancements in the user experience, ease of use and general flow. To date Beta Testers have rated the platform five stars out of five on functionality. These successes are driving the design team at Shokworks to further build out the platform for its commercial launch later this year. This revolutionary technology will not only cater to third-party real estate owners and developers but will also allow the company to tokenize our own internal real estate assets. 

Acquisitions and Investment Strategy
We continue to grow through strategic property acquisitions and expect this strategy to continue through 2023.   We will continue to support both MetroHouse and Metrocrowd launches, as well as our IoT-driven commercial property management platform.  I would like to share the highlights of these developments: 

  • Indianapolis, Indiana: Following the Metrospaces acquisition of two single family, three-bedroom homes in a growing Indianapolis neighborhood, the team made alliances with several strong real estate partners in this market and seeks to be active in this market with potential additional property acquisitions in the coming months.
  • Houston, Texas:  The Brazos Atrium office complex continues to show 99.9% occupancy. Furthermore, our successful cost reduction strategies have yielded a 15% increase in NOI year to date.
  • Loma Linda, Dominican Republic: The Infinity View Villas project, which includes a 3,500 sq. ft. mansion, three luxury 3-bedroom villas and an apartment complex featuring six 1–2-bedroom units, will add a total of eighteen bedrooms of new inventory to our Metrohouse co-living platform. Phase 1 of this project is 95% complete, with completion anticipated in April 2022. We are preparing to launch the sale of fractional ownership via cryptocurrency during Q2 2022.

Balance Sheet and Capital Structure
Our CFO, Steven Plumb, has reported significant improvements in the Metrospaces balance sheet. Management is excited to share both an increase in the company’s Core Assets and  Profitability and pleased to announce that Metrospaces remains in an EBITDA-positive position.

Our 2021 Annual Financial file reports show strong growth metrics and an optimistic outlook. Highlights from the filing include: 

  1. An increase in assets year over year of 2,322%, with a yearend asset balance of more than $5.1 million
  2. An annual reduction in Convertible Debt Derivative Liability of 91.4%, with a year-end balance of $948,617
  3. Lowered Cost of Financing Capital by over 65%
  4. Increased Stockholder’s Equity from -$14.6 million to -$3.6 million
  5. Close to $700K in Current Assets and Readily Marketable Securities
  6. 2021 Net Income of $8.9 million

Relisting with the SEC: 
The company has completed audits of its 2019 and 2020 financials, and plans to file its Form 10-K within the next 15 days to complete its registration statement with the SEC. The audit of our 2021 financials will start on April 15th, 2022.  

Communication to Shareholders
As a part of our corporate transformation, we are committed to the highest level of transparency with our shareholders. We have recently launched a blog on our corporate web site, where we share detailed company updates and industry information from our key partners, consolidating our role as a leader in the growing PropTech ecosystem. Integrity is a fundamental value at Metrospaces, we continue to research and test innovative and efficient methods to communicate our goals, projects and success with shareholder base and the industry.

Thank you for joining us as we embark upon this strategic transformation of Metrospaces. 

Oscar Brito, CEO                                              Alejandro Laplana, CTO

Relevant Links: 
http://metrospaces.com/
https://shokworks.io

About Metrospaces: MetroSpaces is a PropTech company, combining world-class real estate development with cutting-edge technology. Our distinctive focus on leveraging novel technology in this space forges a uniquely valuable, transformative business.  MetroSpaces seeks to reinvent the real estate industry through innovative IT solutions which solve a broad array of problems in this space. Their products and services utilize AI, blockchain and other leading-edge technologies to facilitate enhanced end-to-end management and administration, increased transparency, and heightened security property transactions. The Company tokenized offerings expects to democratize capital markets by expanding property ownership opportunities to small investors, while increasing its access to liquidity.

Offering Statement Legal Disclaimer:  Metrospaces Inc. filed an Offering Statement on Form 1-A with the Securities and Exchange Commission. As of the date of this press release, the Offering Statement has not been qualified by the Commission and there can be no assurance when or if it will be. This press release is not a solicitation, express or implied, of any investment in Metrospaces for money or other consideration and none will be accepted. Further, no offer to buy securities of Metrospaces will be accepted and no funds can be received unless and until the Offering Statement has been qualified. Offers to purchase Metrospaces’ securities will only be made by an Offering Circular that follows the qualification of Metrospaces’ Offering Statement on Form 1-A and the qualification of such a possible offering in certain states.[HD2] 

Safe Harbor Statement: Statements in this news release may be “forward-looking statements”. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Metrospaces Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

Metrospaces Inc. Contacts:
investors@metrospaces.com
Source: Metrospaces, Inc.
https://metrospaces.com/   

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CoinSmart announces new Chief Compliance Officer, AGM Voting Results and provides Corporate Update

CoinSmart Financial Inc. (“CoinSmart” or “CFI”) (NEO: SMRT) (FSE: IIR), a leading Canadian-headquartered crypto asset trading platform, announced today that Sheereen Khan has joined CoinSmart as Chief Compliance Officer. 

Prior to joining CoinSmart Ms. Khan held senior compliance positions with Coinberry Ltd., Laurentian Bank Financial Group, JP Morgan Chase and Bank of Montreal.  She will replace Jeremy Koven who acted as Interim Chief Compliance Officer following the departure of Joe Tosti.

Annual General Meeting Results

CoinSmart also announced that all resolutions considered by the shareholders at the Annual General Meeting of Shareholders (the “Meeting“) previously held on June 29, 2022 were passed.

Voting as to each of the director nominees were as follows:

DirectorFor%Withheld%
Alexa Abiscott27,814,12499.99 %3,2830.01 %
Jeffrey Haas27,813,92499.99 %3,4830.01 %
Justin Hartzman27,813,12499.98 %4,2830.02 %
Jeremy Koven27,814,12499.99 %3,2830.01 %
G. Scott Paterson27,814,12499.99 %3,2830.01 %

Please refer to the report of voting results filed under CFI’s profile at www.sedar.com for the detailed results of all matters voted upon by shareholders at the Meeting.

Corporate Update

CoinSmart recently launched SmartPay, the easiest way for businesses to send and accept crypto payments. This payment processing service guarantees no chargebacks, no holds, same day settlements, and up to 80% cost savings, compared to traditional payment methods like credit cards.  It is estimated that there are over 300 million crypto users worldwide. Also, over 75% of global retailers plan to accept crypto over the next 24 months, making crypto more mainstream than ever. Moreover, crypto payment processing eliminates chargebacks, which is currently a $125 billion problem in the world of payment processing.

CoinSmart also became the first crypto platform to receive an Online Sports Wagering Vendor Permit from the State of Wyoming, allowing CoinSmart to process cryptocurrency payments for legalized gaming companies licensed in Wyoming.

CoinSmart has terminated the previously disclosed investment in NFT cross-bridge marketplace Curate due to repeated breaches and non-fulfillment by Curate Group Ltd. of its obligations pursuant to the Share Purchase Agreement.  CoinSmart is in the process of evaluating any available recourse against Curate Group Ltd.

About CoinSmart Financial Inc.

CoinSmart is a leading Canadian-headquartered crypto asset trading platform dedicated to providing customers with an intuitive way for buying and selling digital assets, like Bitcoin and Ethereum. CoinSmart is one of the few crypto asset trading platforms in Canada to be registered as a securities dealer and marketplace with the Ontario Securities Commission. CoinSmart is also one of the first Canadian headquartered trading platforms to have an international presence, accepting customers across 40+ countries at a time when the digital asset industry continues to rapidly expand.

CoinSmart further builds on its mission to make cryptocurrency accessible by providing educational resources tailored to every level of cryptocurrency knowledge and unparalleled 24/7 omni-channel customer support. Offering instant verification, industry leading cold wallet storage, advanced charting with order book functionality and over-the-counter premium services, CoinSmart ensures every client’s needs are met with the highest level of quality and care. For more information please visit https://www.CoinSmart.com/.

Cautionary Note Regarding Forward-Looking Information and Other Disclosures

This press release contains statements that constitute “forward-looking information” (“forward-looking information“) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information contained in this news release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: regulatory approvals. Accordingly, readers should not place undue reliance on the forward-looking information contained in this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.

SOURCE CoinSmart

AMPD Ventures Announces the Addition of Tanya Woods to its Board of Directors

AMPD Ventures Inc. (CSE:AMPD)(OTCQB:AMPDF)(FRA:2Q0) (“AMPD” or the “Company”), a next-generation digital infrastructure provider, is pleased to announce that Tanya Woods has been appointed to its board of directors, effective September 12, 2022.

Ms. Woods is a Canadian-American entrepreneur, technology lawyer, and policy leader working in the verticals of mainstream and digital media, telecommunications, AI and blockchain, and high-performance computing infrastructure. She is currently the CEO of Futurity Partners, a strategic consulting firm advising public and private sector organizations on exponential and innovative technologies, digital policy, and ESG matters.

“I am delighted to be joining the experienced Board of AMPD Ventures as the Company and its subsidiaries break ground in the metaverse,” said Woods, “the Company’s multi-faceted approach from enabling mobile high-performance computing infrastructure to supporting first class metaverse and digital content creation is a unique and compelling innovation journey I look forward to talking with the team.”

“Tanya is an accomplished business leader with deep knowledge and experience in video games, digital content, high-performance computing infrastructure, ESG, and Web3,” said Anthony Brown, CEO of AMPD Ventures Inc., “she has a strong track record of successfully advancing public and private company growth objectives in these verticals making her an ideal addition to our Board, we look forward to her insights and are pleased to welcome her onboard.”

Ms. Woods has held increasingly senior executive level leadership roles advancing the commercial and regulatory agendas of global technology companies and government for nearly twenty years. She recently served as the founding Managing Director of Canada’s first Chamber of Digital Commerce, General Counsel, EVP Regulatory Affairs and Corporate Secretary of Hut 8 Mining Corp., General Counsel of the Entertainment Software Association of Canada, and Regulatory and Copyright Counsel for BCE Inc. She is also currently serving a three-year appointment as an expert advisor to UNESCO in Canada supporting the advancement of the United Nations Sustainable Development Goals.

Ms. Woods’ has received recognition as one of IT World’s Top Women in FinTech and Blockchain, a Government of Canada Leading TechWoman, CBC Trailblazer, Obama Foundation Global Civic Leader, Toastmasters International Community Leadership Award Recipient, and as a Top 40 Under 40. She studied law and global trade at the London School of Economics, University of Ottawa, and American University Washington College of Law.

About AMPD Ventures Inc.

AMPD is a next-generation infrastructure company specializing in providing high-performance computing solutions for low-latency applications. With state-of-the-art, high-performance computing solutions hosted in sustainable urban data centres, AMPD is leading the transition to the next generation of computing infrastructure as ‘the hosting company of the Metaverse.’ Through a mix of infrastructure as a service (“IaaS”) and an upgraded, high-performance cloud offering, we are meeting the low-latency requirements of multiplayer video games and eSports, computer graphics rendering, artificial intelligence, machine learning, mixed reality, big data processing, and the as-yet uncharted technological developments of the coming decades. Additional information about the company is available on SEDAR and our website at http://www.ampd.tech.

For further information please contact Investor Cubed Inc.:

Neil Simon, CEO
Telephone: (647) 258-3310
Email: nsimon@investor3.ca

ON BEHALF OF THE BOARD OF DIRECTORS

/s/ “Anthony Brown”

Anthony Brown
CEO & Director
AMPD Ventures Inc.
Telephone: 604-332-3329
Email: ir@ampd.tech

Cautionary Statement

Forward Looking Statements

Certain statements made herein may contain forward-looking statements or information within the meaning of the applicable Canadian securities laws. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

SOURCE: AMPD Ventures Inc.