Helix Applications Inc. announced that the ongoing uncertainty around the development timeline for blockchain technologies, which has been well documented over the last year in the mainstream media, and which has been a challenge for the company, the Board of Directors has decided to halt further development of its technologies pending a strategic review of those technologies and operational capabilities. During this period of review, the company will seek to preserve its cash. In light of this decision, Mr. Tom Thompson has decided to pursue alternative opportunities and has resigned as CEO and an employee of Helix with immediate effect.

Rufus Round, director of Helix, has been appointed as interim CEO. Mr. Round acted as CEO of the company from June 5, 2018 to November 26, 2018. Unrelated to the foregoing, Mike Sutton has decided to step down as a director of the company.