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LOS ANGELES, CA, April 27, 2018 -- World Poker Fund Holdings, Inc. (OTC PINK: WPFH), a leading developer and operator of on-line technology, gaming platforms and brands, announces that it has signed an agreement to acquire all of the assets of The Crypto Market, a digital currency vending machine business and cryptocurrency mining equipment company for 100,000 common shares of WPFH at the mutually agreed upon stock valuation of $1 per share. WPFH has initially secured 5 locations in the Greater Los Angeles area that will host the digital currency vending machines, and will continue to seek out locations including cannabis dispensaries, casinos, and near college campuses.
“I want to provide people a quick and easy way to buy and sell their cryptocurrency safely and securely,” says Matthew Gerard, the founder of The Crypto Market.
“We are excited to be a part of this growing industry and also becoming a leader in developing and launching our own branded digital currency vending machines. Not only will we simplify the buying and liquidation of digital currency, we intend to provide an alternative payment solution for the cannabis industry and also make international fund transfers more efficient,” says Travis Kasper, Chairman and CEO of WPFH.
The cryptocurrency mining equipment market was valued at US$ 838.4 million in 2016 and is projected to reach US$ 16,377.2 million by 2025, exhibiting a CAGR of 18.68 percent over the forecast period according to a Global Cryptocurrency Mining Equipment Market Report published by Coherent Market Insights.
ABOUT WORLD POKER FUND HOLDINGS, INC
World Poker Fund Holdings, Inc. is a leading developer and operator of on-line technology, gaming platforms and brands. The company does not offer any games or gaming opportunities for cash in the United States and is not licensed as a gaming operator in the United States or any other jurisdiction.
To learn more about World Poker Fund Holdings (WPFH) and its upcoming events, please visit www.worldpokerfund.com.
Safe Harbor Statement
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
CONTACT Investor Relations Contact Eddie Kwong VP Investor Relations Direct: +1.626.466.9734 Email: [email protected]
