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FORT LEE, NJ, 09 January 2019 (GLOBE NEWSWIRE) – GD Entertainment and Technology (OTC: GDET) ("GDET" or the "Company") is pleased to announce that its subsidiary HyperDigital Technologies finalized its initial purchase order with Genesis Coin to launch the company's ATM division.
GDET has ordered a "Satoshi 2" ATM that supports both cryptocurrency purchases and sales. The news follows an impressive rally in the cryptocurrency market with an increase of over $ 7 billion in market capitalization.
The CEO of the company, Anil Idnani, commented: "We are proud to start the new year with our initial purchase of ATM and to start a long-term and profitable relationship with our supplier, Genesis Coin. forward to our vision of becoming a blockchain leader, transaction-based services Our team is working hard to integrate these units into strategic positions that will set us apart from the competition and I look forward to providing more interesting short-term updates. " .
At present, the Company is working to achieve the following short-term goals:
- Identify the pilot position for the launch of ATM
- Buy additional ATM machines
- Creation of an aggressive marketing / branding campaign for ATM units
- Register with additional states through strategic positions
The advanced ATM units have some of the following specifications: 14-inch LCD touch screen, counterfeit banknote / bill detector, QR barcode scanner, EMV card reader, security / web HD camera, electronic locking, uninterruptible power supply (UPS), Ethernet / Wi-Fi functionality and a cash distribution unit (CDU).
In addition to Bitcoin, ATM units currently have software to support other popular alternative cryptocurrencies or "altcoin" such as Litecoin, Ethereum and Bitcoin Cash. This feature will allow users to explore and access additional currencies in the growing 140 billion cryptocurrency market.
According to bitcoinexchangeguide.com, the Cryptocurrency ATM market is growing rapidly, with an average of 6 new machines installed on a daily basis. The total number of machines installed worldwide is estimated at 4155 in over 75 countries.
This market growth does not only apply to traditional ATM operators, as even larger institutions like Bank of America have expressed interest in space. According to investinblockchain.com, on December 26, 2018 the bank had filed a patent for the development of cash-block-based ATMs for cash management.
The shareholders of GDET can continue to expect frequent updates as the Company's objectives continue in the short term.
About GDET
GD Entertainment & Technology, also known as GDET, is a results-oriented, blockchain oriented company focused on becoming a major Cryptocurrency mining facility. GDET will build and operate a customer-focused Cryptocurrency mining and encryption mining facility dedicated to creating a new standard in the Blockchain space based on security and transparency. GDET has also developed a strong relationship with suppliers abroad to guarantee future purchases.
Safe Harbor Provision Precautionary statement for the purposes of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995: the information contained in this press release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or these assumptions prove to be incorrect, the results of the Company and its consolidated subsidiaries may differ materially from those expressed or implied by such statements and assumptions. All statements other than statements of historical facts are statements that could be considered forward-looking statements. Risks, uncertainties and assumptions include the execution and execution of contracts by the Company and its customers, suppliers and partners. Please also review the annual and quarterly financial data of GD Entertainment and Technology for a more complete discussion of risk factors. The Company disclaims any obligation to update or revise the statements contained in this press release based on new information or otherwise. This communication does not constitute an offer to sell or solicitation of an offer to purchase securities, nor will there be any sale of such securities in any state where such solicitation or sale is unlawful prior to registration or qualification of such securities under the laws of any such state
Contact:
GD Entertainment and Technology
732-851-3756
[email protected]
www.gdet.co
1 Bridge Plaza
2nd floor
Fort Lee, NJ 07024
Source: GD Entertainment & Technology, Inc.
