New Wave Signs Letter of Intent to Acquire BlockSt

New Wave Holdings Corp. (the “Company” or “New Wave”) (CSE:SPOR, FWB: 0XMB, OTCPK: TRMNK) is pleased to announce that it has entered into a Letter of Intent (the “LOI”), dated effective February 15, 2022, to acquire all of the outstanding share capital of a private British Columbia corporation (“BCCO”) and indirectly acquire Convergency LLC d/b/a BlockSt, (“BlockSt”) a Florida corporation (the “Proposed Transaction”).

BlockSt was created to compile both a curated marketplace, general NFT marketplace, as well as a social media outlet, into one space. NFT marketplaces are platforms where NFTs can be stored, displayed, traded and in some cases minted (created). These NFTs are minted across numerous different blockchains. The native marketplace that BlockSt has built brings all of these blockchains together. This means that a project built on the Ethereum network, and a project built on another network such as Solana, can be bought and sold in the same place. This concept remains true for every single compatible blockchain. Users also have the ability to bridge these tokens between the different blockchains. To date, any relevant network where NFTs can be minted and stored are compatible with the BlockSt platform.

Proposed Transaction Terms

Under the terms of the LOI, in consideration for all outstanding share capital of BCCO, the Company is expected to issue 23,500,000 common shares (“Consideration Shares”) to the existing security holders of BCCO at a deemed price of $0.75 per Consideration Share. In addition, the Company may issue up to an additional 3,000,000 common shares (the “Performance Shares”) in the event that certain future milestones are achieved by BlockSt. The Consideration Shares and the Performance Shares will not be subject to any hold periods under applicable securities laws.

Completion of the Proposed Transaction remains subject to a number of conditions, including: the satisfactory completion of due diligence; the receipt of any required regulatory approvals; the negotiation of definitive documentation; and the receipt of a third party valuation of BCCO. The Proposed Transaction cannot be completed until these conditions have been satisfied.   There can be no guarantees that the Proposed Transaction will be completed as contemplated or at all.

The Company is at arm’s length from BCCO and each of its shareholders. The Proposed Transaction is not expected to constitute a Fundamental Change for the Company (as defined in the policies of the Canadian Securities Exchange), nor is it expected to result in a change of control of the Company, within the meaning of applicable securities laws and the policies of the Canadian Securities Exchange. The Company may pay finders’ fees or commissions to eligible arm’s-length third-parties in connection with the Proposed Transaction.

About New Wave Holdings Corp.

New Wave Holdings Corp. (CSE: SPOR, FWB: 0XMB, OTCPK: TRMNF) is an investment issuer that has been focused on supporting innovative and fast-growing companies within the esports, NFT, Metaverse, Blockchain, and Web3 sectors.

Investors interested in connecting with New Wave Holdings can learn more about the company and contact the team at http://newwavecorp.com.

For further information please contact: Willie Tsang, Interim Chief Executive Officer, New Wave Holdings Corp., willie@newwavecorp.com

ON BEHALF OF THE BOARD of DIRECTORS

Ravinder Kang

Director

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

The Canadian Securities Exchange has not in any way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved the contents of this press release.

The securities to be issued in connection with the Proposed Transaction have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the potential acquisition of BCCO, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

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Metatron Inc. Corporate Debt Restructuring and Launch of New Artificial Intelligence Applications Division

Metatron Inc. (OTC Pink: MRNJ), a mobile and web technology pioneer having developed over 2,000 apps on iTunes and Google Play, is pleased to announce the Company is presently working to restructure corporate debt obligations in addition to the Company officially launching an Artificial Intelligence Application Division within Metatron, Inc.

The Company is presently working in good faith with debt holders to consolidate, restructure and improve the Company’s debt obligations. The more favorable terms and consolidation will assist the Company to improve and streamline the Company’s balance sheet and financial reporting. Details of the restructuring will be announced upon final completion and execution.

Having years of success in the mobile and web technology sectors, the Company views Artificial Intelligence (AI) as the unbridled beast of future technology growth. The Global AI market size was valued at a mere $65 Billion in 2020. Growth projections put the compound annual growth rate at 38% through 2030 when the industry is expected to reach a whopping $1.58 Trillion according to Allied Market Research.

Demand for intelligence systems is forecasted to have tremendous growth, propelling the worldwide market for AI. North America dominated the AI market in 2020 and North America is expected to continue to dominate the industry in the coming years as high expenditures AI solutions are expected by both the government and public sectors.

Metatron is assembling the new division so that it may focus solely on AI solutions.  The team being assembled will be headed by a team headquartered here in the United States, coupled with programming experts around the globe. The Company has already formed a Division Launch Committee (DLC) and preliminary meetings with project managers in Europe include discussions on assembling programming teams throughout North American, Europe and India.

The Company looks forward to providing additional updates on the newly formed Artificial Intelligence Application Division in the days and weeks ahead. Metatron is fast tracking the launch of this new division as it seeks to gain a strong foothold within rapidly expanding industry. The Company expects to announce the development of its first AI product during the month of September.

Forward-Looking Statements: Any statements made in this press release which are not historical facts contain certain forward-looking statements, as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results of the specific items described in this release, and the company’s operations generally, to differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company’s need for additional financing, which is not assured and which may result in dilution of shareholders, the company’s status as a small company with a limited operating history, dependence on third parties and the continuing popularity of the iOS operating system, general market and economic conditions, technical factors, receipt of revenues, and other factors, many of which are beyond the control of the company. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of such statements, and we disclaim any obligation to update information contained in any forward-looking statement.  Metatron does not grow, sell or distribute any substances that violate United States Law or the controlled substance act.

Contact:
ir@metatronapps.com

Marvion™️ Metaverse, Working Apes, and Digital Ownership Tokens took Hong Kong by storm at the Hong Kong Computer & Communications Festival (HKCCF) 2022

Bonanza Goldfields Corp. (OTC:BONZ) is pleased to announce that Marvion™️ was invited to be the metaverse partner in one of the largest and major exhibitions in Asia for computer communications and electronic products, the Hong Kong Computer & Communications Festival (“HKCCF”), that took place August 19, 2022 to August 22, 2022.

About HKCCF

The Hong Kong Computer and Communications Festival is an annual event organized by The Chamber of Hong Kong Computer Industry to showcase the latest technologies in the tech sector in Hong Kong. As one of Asia’s leading Technology Innovation Hubs, the primary objective of this year’s festival was to feature the metaverse and unravel its mystery.

To achieve this goal, HKCCF introduced live demonstrations of on-site virtual platforms, a virtual Ocean Park, an AI (Artificial Intelligence) x AR (Augmented Reality) service platform to experience 3D online entertainment, and more importantly, the debut of the Marvion Metaverse!

Patrons were able to explore the possibilities in the metaverse showcased at HKCCF,  shop for a wide array of the latest tech products and experience firsthand the latest tech trends. This year, more than 200 exhibitors participated in this festival, occupying about 600 booths, and an estimated 500,000 visitors attended, with many such visitors being able to witness the debut of the Marvion Metaverse. The conference expects that this year’s sales will be the same as last year, maintained at HK$330 million.

In line with the development of the Digital Transformation Zone, the festival organized a summit exploring Web 3.0 development. The summit themes were “Digital Transformation” and “Emerging Technologies” respectively. The conference invited industry elites to share their unique insights, jointly explored the challenges faced by local enterprises in the transformation and used various types of cases to explore the trend of the future.

Showcasing the Marvion™️ Web 5.0 to the Public 

Of the various tech groups showcased at HKCCF this year, XBE is one of the leading Web 5.0 application technology groups globally. Its main operations include helping companies, both new as well as long-established traditional industries, to become one of the first movers into the Web 5.0 space. On the other end of the spectrum, HKCCF also showcased Marvion™️, a success case in the media and entertainment industry notable for the successful deployment of Digital Ownership Token (“DOT”) technology.

In HKCCF this year, Marvion™️ joined forces with XBE to debut for the first time the “Marvion Metaverse” to the public.  Visitors were able to indulge themselves in the metaverse to play games and interact with other live players. 

In order for participants to take their experience with the Marvion Metaverse beyond the exhibition, participants were able to obtain a “WAPE” DOT (Digital Ownership Token), which had a global perpetual commercial copyright license to the Working Ape (WAPE) PFP (profile picture) embedded into the metadata of the DOT. In addition, visitors were also able to interact with Marvion™️’s virtual KOL (Key Opinion Leader) character.

Through their experience with the Marvion™️ Metaverse and the distribution of “WAPE” DOTs, Marvion™️ and XBE successfully attracted a growing Gen Z community and facilitated their reconnection with Hong Kong after a trying past few years.

Our Vice Chairman of Marvion™️, One of the Line-Up of Speakers

Julian So, Vice Chairman of Marvion™️ and a speaker for the Web 3.0 Summit in HKCC noted that “incubating new and mature companies into Web 5 powerhouses is the right path in this digital era as Gen Z’ers are poised to be the single largest group of consumers worldwide and who will have a great impact on the world.”

Commenting on Web 5 as a Service (5aas), Kevin Tan, CEO of Marvion™️ stated that “Marvion™️ aims to gradually build a community around 5aas by initially releasing a small collection of WAPE DOTs. Owners of a WAPE receive a global perpetual private and commercial license to the PFP, documented and embedded within the metadata of the DOT. The holders of these DOTs can commercialize these rights. Each WAPE DOT can be expanded into merchandise, animation, short films, and the applications are both wide and diverse. We remain committed to adopting and implementing Web 5.0 technologies in a responsible manner to disrupt consumers’ experiences in the metaverse, enhance efficiency and productivity, and ultimately improve people’s lives. The possibilities are limitless.”

“Millennials are members of the first youngest generation more interested in gathering experiences than acquiring more material possessions. Gen Z’ers are even more interested in authentic experiences beyond the product or the brand. We see the DOT as a powerful tool to be used in the development of these strategies. The Marvion™️ Working Ape project seeks to provide a solution to the current NFT market to work with the community that embraces technology and experience. The WAPE DOT offers real-world value to its holders”, says Ms. Marsella Cheng, PR director of Marvion™️. 

For more information on Marvion™️, please visit www.marvion.media.

About BONZ

Bonanza Goldfields Corporation is a Nevada holding company that through its subsidiaries are engaged in the media distribution business. Specifically, we provide authentication, valuation and certification (“AVC”) service, sale and purchase, hire purchase, financing, custody, security and exhibition (“CSE”) services to buyers of movie and music media through traditional channels as well as through leveraging blockchain technology through the creation of digital ownership tokens (“DOTs”)

The group is building an ecosystem and a metaverse for the media and entertainment industry that implements and adopts blockchain and NFT technologies, through mergers and acquisitions.

About Marvion™️

Marvion™️ is a metaverse technology company in the media and entertainment industry, focusing on movies, drama, animation, comics, music, and games that provide content and entertainment to adults and children alike. Although most media and entertainment content are digital in nature today, they exist in the real world as intangible assets, such as intellectual property, licenses and contractual rights, with intrinsic value.

Marvion™️ applies blockchain and NFT technologies as tools to disrupt and improve the existing media and entertainment industry and its current practices. The technology underpinning NFTs (non-fungible tokens) has multiple functional use cases, some of which have the power to transform our societies, and some of which may be subject to regulations. Marvion™️ uses NFT technology solely to create a legally-binding digital ownership token (DOT) to both tangible and intangible media and entertainment assets, which our analysis suggests would functionally fall outside any regulatory perimeter.

More Information about Marvion™️:

Website: marvion.media
Facebook: facebook.com/marvionmetaverse
Instagram: instagram.com/marvion.media
Twitter: twitter.com/marvion_media
LinkedIn: linkedin.com/company/marvion
Telegram: t.me/marvion_media

About Hybrid DOT (h-DOT)

A h-DOT is an integrated, best in class, digital ownership token (DOT) that contains a smart contract that can execute transactions and also contains the specific legal terms of the intellectual property ownership, license and/or rights. Each Hybrid DOT (h-DOT) contains the following:

  • A copy of the SPA for the purchase of the master license.
  • Evidence or warranty of ownership of the relevant intellectual property.
  • Ownership of the sub-license detailing the rights of the h-DOT holder.
  • Image/video/music or other file depending on what the asset is.

For media queries, please contact:

Ms Marsella Cheng
Director, PR
media@Coinllectibles.Art

SOURCE Bonanza Goldfields Corp.