ATLANTA, GA - April 4, 2018 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB: GOPH) ("Gopher"), a company which specializes in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, today re-announces that it is unaware of promotional activities.
Neither the Company, nor its executive officers, directors or, to the Company's knowledge, its controlling shareholders have been involved in any way with the creation or distribution of promotional materials; additionally, neither the Company's executive officers, directors nor, to the knowledge of the Company, any controlling shareholders or any third party service providers, sold or purchased any material or significant amount shares of common stock of the Company within the last 90 days. All activity in the Company's common stock by the Company's executive officers, directors and controlling shareholders have been disclosed by such officer, director in the Company's periodic reports with the Securities and Exchange Commission (SEC).
The Company routinely responds to inquiries from shareholders, potential investors, and investment analysts, and generates its own Company marketing materials. As such, the Company urges its shareholder base and followers to review the Company's website and its filings with the SEC only. Any investor seeking to verify whether a publication was disseminated by the Company can email email@example.com
"We are not affiliated in any way with any authors of any promotional newsletter. We issue press releases in the regular course of business and provide our required filings with the SEC disclosing our business activities. Investors are encouraged to rely on the information provided directly by our company. We are continuing to focus on the integration of the assets we have acquired over the last seven months and it continues to strive on delivering its vision. We generate revenues, we have employees and a significant asset base in the form of a presence in thousands of locations throughout the United States, and we are engaged in a constant process of enriching our intellectual properties by developing and/or acquiring more assets" said Greg Bauer, CEO of Gopher.
"Although our dream is big, we maintain our focus on remaining transparent about each fundamental move we are taking. Reading our routine press releases along with our mandatory filings should be the only reliable source of information," added Mansour Khatib, the Company's CMO. "I personally address and respond to any inquiry, in writing, so there is simply no need to rely on any other information other than information provided by a company source," added Mr. Khatib.
Review of Recent Events and Milestones
Below is a review of recent events and milestones recently achieved by the Company:
In January 2018, the Company released a "Year in Review", following the first of several acquisitions in the pipeline that transitioned the Company from a technology development company to a revenue generating company. The acquisitions also resulted in new management and additional marketing and sales infrastructure to roll out the Company's innovative tracking technology products. http://gopherprotocol.com/wp-content/uploads/2018/01/GOPH-news-year-in-review-2017-for-January2018-MJ-.docx-1.pdf
The Company has recently entered into several new agreements and expanded its technology into the payment sector with the goal of increasing its sales and marketing reach globally.
In March 2018, the Company closed on the sale of common stock and common stock purchase warrants, which generated $500,000 in proceeds. The details on the funding can be found in the Company's Form 8-K/A filed March 23, 2018 - https://backend.otcmarkets.com/otcapi/company/sec-filings/12640521/content/html.
In March 2018, the Company acquired certain assets from ECS Prepaid LLC ("ECS"), including its processing software program as well asservers, POS terminals, customer list, a processing software program and goodwill. https://finance.yahoo.com/news/gopher-protocol-inc-acquires-assets-110000492.html
In March 2018, GopherServices Limited, an England and Wales wholly owned subsidiary of the Company, entered reseller and partner agreements with Allied Wallet with the goal of enhancing International FIAT Currency Transfer Capabilities provided by Allied Wallet with Gopher's mobile ATM network platform held by Spare CS Inc., which the Company is in the process of acquiring 50% of. Allied Wallet operates in 196 countries and 164 currencies globally. https://finance.yahoo.com/news/gopher-protocol-ugopherservices-limited-wholly-110000524.html
In March 2018, the Company closed on the sale of a convertible debenture containing a fixed conversion price, which generated $750,000 in gross proceeds. The details on the funding can be found in the Company's Form 8-K - https://www.sec.gov/Archives/edgar/data/1471781/000161577418001621/s109251_8k.htm.
In January 2018, the Company entered an initial agreement term to acquire 50% of Spare CS Inc., paving the way for Mobile Payments and International Cryptocurrency capabilities. http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12478331 Spare - https://gotspare.com is a mobile ATM network platform using new paradigms and software to provide unique financial services to the unbanked and underbanked as well adding convenience to the banked population. Once we close on the acquisition, the Spare App has the capability to potentially turn any cash register in the Company's network into an ATM. The SPARE mobile network simplifies safe access to money by employing a unique security system to create convenient access to cash from virtual currency to the "real" world.
About Gopher Protocol Inc.
Gopher Protocol Inc. (OTCQB: GOPH) ("Gopher") (http://gopherprotocol.com/) is a development-stage company which consider itself Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology. Gopher has a portfolio of Intellectual Property that when commercialized will include smart microchips, mobile application software and supporting cloud software. The system contemplates the creation of a global network. The core of the system will be its advanced microchip technology that can be installed in any mobile device worldwide. Gopher envisions this system as an internal, private network between all enabled mobile devices providing shared processing, advanced mobile database management/sharing and enhanced mobile features.
Corporate Site: http://gopherprotocol.com
Press page/ press kit - http://gopherprotocol.com/?page_id=228
Consumer and product website for Guardian Patch: http://www.guardianpatch.com/.
About Guardian Pet Tracker http://www.guardianpettracker.com/
The Guardian Pet Tracker (Sphere Internal name - the "Sphere") system is a derivative technology of Gopher's Guardian Patch technology. The Sphere is designed to provide its users with local tracking capability using a re-chargeable/replaceable battery source. Gopher intends to release pre-production units in limited test in the near future.
GOPH disclosure: More info: SEC link /technology abstract:
Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.
Greg Bauer, CEO
Gopher Protocol Inc.
VM Only 888-685-7336
SOURCE: Gopher Protocol Inc.
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