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GLOBALBLOCK DIGITAL ASSET TRADING LIMITED

(BLOK)
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GlobalBlock UK Appoints Chief Technology Officer

10/12/2021 | 09:20am EST

- Highly experienced industry and digital asset IT specialist joins as CTO -

London, United Kingdom and Vancouver, British Columbia--(Newsfile Corp. - October 12, 2021) - GlobalBlock Digital Asset Trading Limited (TSXV: BLOK) (FSE: BD4) (the "Company" or "GlobalBlock") is pleased to announce that its wholly owned operating subsidiary, GlobalBlock Limited ("GlobalBlock UK"), has appointed Rodney Prescott as Chief Technology Officer. Rodney joins the Company with a huge wealth of experience in blockchain, digital assets and banking, having held senior managerial roles at global technology firms, consultancies and banking groups.

Most recently Rodney has been working as a strategic consultant to both Input Output (aka IOHK), the research and technology umbrella of the Cardano blockchain and cross-chain protocol Qredo, the decentralised interoperable blockchain infrastructure which provides fast settlement over a decentralised network, enabling management of digital assets with institutional grade security.

Between 2017 and 2019 Rodney was a Senior Manager at global consultancy firm PwC, where he was based in London assisting Central Banks and small to medium sized companies (SMEs) with their blockchain technology projects. His most notable work involved a project with the South African Reserve Bank which explored the use of blockchain in Interbank settlement. Rodney was also at EY based at both the Sydney and Hong Kong offices, working with global financial services and technology companies, driving their digital innovation and blockchain initiatives.

Prior to joining EY, Rodney spent his career holding senior technology positions in banking, including Commonwealth Bank, Westpac and MLC.

Rufus Round, CEO at the Company, said:

"We are delighted to welcome Rodney and his wealth of crypto and technology experience to the team, knowing that he will play an instrumental part in the growth of the business as we roll out new products and services. Having been a key player within the industry for many years, we see his appointment as a fantastic development for all stakeholders of the business as we continue to capitalise on such a fast moving and fast growing sector."

Rodney Prescott, CTO at GlobalBlock UK, said:

"GlobalBlock is at a pivotal stage of its existence and this is a hugely exciting time to be joining the company, especially when there is clear evidence of wider digital asset adoption worldwide. Having experienced first hand how businesses and individuals are seeing to benefit from blockchain, tokenisation and cryptocurrency, joining a company with highly experienced professionals is an unmissable opportunity for me and I look forward to what the future holds for the business."

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. +00 44 20 3286 2904
info@globalblockdigital.com

https://globalblock.co.uk/ and http://www.globalblockdigital.com/
https://twitter.com/Globalblocknews
https://www.linkedin.com/company/globalblock/

Media Contact
Angus Campbell
Nominis Advisory
angus@nominis.co

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 and other information concerning the intentions, plans, future action and future successes of the Company, and its businesses, 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.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99295


ę Newsfilecorp 2021
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Financials
Sales 2020 - - -
Net income 2020 -0,63 M -0,49 M -0,49 M
Net cash 2020 4,38 M 3,43 M 3,43 M
P/E ratio 2020 -12,7x
Yield 2020 -
Capitalization 72,4 M 56,6 M 56,6 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 53,8%
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Managers and Directors
Tomas Round Chief Executive Officer & Director
Jessica van den Akker Chief Financial Officer
David Graham Thomas Chief Operating Officer
Trevor Maurice Gabriel Non-Executive Director
Jay Edward Sujir Director
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