- GlobalBlock UK will become the official and only digital asset partner of Premier Sports Network (PSN) -
- The partnership will give GlobalBlock UK access to business development
opportunities with sports organisations globally -
London, UK and Vancouver, British Columbia – GlobalBlock Digital Asset Trading Limited (TSX Venture: BLOK) (US OTC:BLVDF) (FSE:BD4) (the “Company” or “GlobalBlock”) is pleased to announce the Company’s wholly owned operating subsidiary, GlobalBlock Limited (“GlobalBlock UK”) has partnered with Premier Sports Network (“PSN”), a leading private network for the global sports industry. The partnership will see GlobalBlock UK become PSN’s official digital asset partner, providing the Company with exposure to leaders in the sports industry globally, in particular the English Premier League and Premiership Rugby.
PSN will provide GlobalBlock UK with multiple networking opportunities, direct referrals to sports clubs, the ability to participate in educational workshops and exposure within PSN’s magazine and newsletters, in order to support the Company in being a trustworthy, transparent and regulated digital asset solution provider that offers a best in class personalised cryptocurrency service.
Ben Small, Head of Partnerships at the Company, said:
“The sports industry is seeing widespread adoption of digital assets, with ever more players, clubs, salaries and sponsorship deals accepting payments in cryptocurrency. This is a very exciting deal for us and we are delighted to be PSN’s official digital asset partner.
“We see this as a tremendous growth opportunity for GlobalBlock, not only to capitalise on the increasing trend of adoption of crypto within sports, but to provide education to PSN’s stakeholders. This will allow us to build on our three business pillars, namely service, security and transparency.”
Kai McKechnie, Head of Marketing at Premier Sports Network, said:
“Sports organisations are devising new strategies to connect with fans in a socially distanced world and blockchain is capable of revolutionising revenue streams and fan experience. However, while sponsorships have led to an increased awareness of cryptocurrencies, there have been growing concerns over links between cryptocurrency companies and clubs amid fears about lack of regulation.
“Likewise, professional athletes are becoming some of the world’s most prolific tech investors, from buying cryptocurrencies to backing companies and start-ups, with questions raised over the risks associated to investment in digital assets.
“The lack of crypto education and its regulation within the sports sector are key areas that need to be addressed and in partnership with GlobalBlock we will support the industry with a trusted service.”
ABOUT PREMIER SPORTS NETWORK (PSN)
Founded in 2015, Premier Sports Network (PSN) is the leading private network for the global sports industry, connecting key stakeholders and suppliers across the world of professional sport to improve the performance of those working behind the scenes and drive the development of the professional sports industry.
ABOUT THE COMPANY
GlobalBlock Digital Asset Trading Limited is a publicly traded holding company (TSXV: BLOK) whose wholly owned subsidiary, GlobalBlock Limited (https://www.globalblock.co.uk), is a United Kingdom based digital asset broker that provides a personalised telephone brokerage service, trading platform and mobile app. Established in 2018 by an experienced team of financial services professionals, GlobalBlock Limited acts as a trusted agent serving the digital asset needs of individuals, corporates, institutional financial firms and intermediaries, providing best execution trading and safe custody of digital assets.
GlobalBlock Limited has been temporarily registered under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 as a cryptoasset business until 31st March 2022, pending the determination of the application by the Financial Conduct Authority. At this time, GlobalBlock Limited only accepts United Kingdom and Ireland resident clients or customers for its digital asset broker or trading services.
For further information please contact the Company at:
Rufus Round, CEO
c/o 65 Curzon Street, London, W1J 8PE, United Kingdom
Tel. +44 20 3307 3780 2904
Citigate Dewe Rogerson
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain information set out in this news release constitutes forward-looking statements or information. Forward looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe" and similar expressions. In particular, this news release contains forward-looking statements in respect of among other things, the continued and successful development of the businesses of each of the Company and GlobalBlock Limited, the ability of GlobalBlock Limited to obtain the applicable regulatory approvals (including permanent registration with the Financial Conduct Authority in the United Kingdom) to continue to conduct its business, the completion of and timing of release of the Company’s wholly owned app, and other information concerning the intentions, plans, future action and future successes of the Company, and its businesses, results, technologies and products described herein. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, risk factors set forth in the Company’s most recent management's discussion and analysis, a copy of which is filed on SEDAR at www.sedar.com, and readers are cautioned that the risk factors disclosed therein should not be construed as exhaustive. These statements are made as at the date hereof and unless otherwise required by law, the Company does not intend, or assume any obligation, to update these forward-looking statements.
Readers are cautioned that past performance is not indicative of future performance and current trends in the business and demand for digital assets may not continue and readers should not put undue reliance on past performance and current trends.
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.