BTL Group LTD. (TSX VENTURE:BTL) ("BTL" or the "Company") announces that it has filed its interim financial statements and Management’s Discussion and Analysis for the period ended 31st March 2017, which can be found under BTL’s profile on SEDAR (www.sedar.com), and which sets forth detailed operating and financial results for the Company.
BTL is working towards the Beta release of Interbit in Q3 of this year, and continues to test and validate Interbit in the market with its pilot projects.
"The first quarter of 2017 has already been a busy and productive one for BTL," said Guy Halford- Thompson, BTL’s Chief Executive Officer. "In addition to the ongoing pilots we are running, we are honored to have been recognized as a TSX Venture 50 Company during the first quarter of 2017. The Q3 release of the Beta version of Interbit is on track and benefiting from input and suggestions from key clients."
About BTL™ and Interbit™
Operating from both Canada and the UK, BTL is an enterprise technology platform provider that has built Interbit, a proprietary private blockchain. Via its Interbit platform, BTL can help companies greatly reduce risks and costs by securely streamlining existing IT infrastructures. To date, BTL has successfully demonstrated how Interbit can innovate system processes for leading companies in the finance, energy and gaming sectors.
Interbit is a fast, encrypted, scalable, private, but open, multi-chain technology platform. Via its suite of APIs and smart contracts Interbit allows businesses from across the world to improve efficiency by securely trading and auditing assets in compliance with relevant regulations.
With offices in Vancouver and Canary Wharf in London, BTL is positioning itself as a front-runner in the blockchain ecosystem, partnering with and enabling enterprises on Interbit in order to im- prove their existing IT systems.
Certain statements in this release are forward-looking statements, which include further development of BTL’s business relationships and business and the development and success of BTL’s technologies and products, including the development and timing of the launch of the Beta version of Interbit, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the development of competitive technologies, the marketplace acceptance of BTL’s technologies and products, and other factors, many of which are beyond the control of BTL. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BTL disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BTL undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.