Overstock.com ($OSTK) and tZERO Advisors Launch Robo-Advisor Digital Investment Platform
January 31, 2018 (Investorideas.com Newswire) Overstock.com (NASDAQ: OSTK) announces the launch of a digitally driven investment platform, powered by tZERO Advisors, within the online retailer's FinanceHub™.
"This service introduces robo-advising investment management services to our millions of customers and continues Overstock's commitment to bridging Wall Street and e-commerce," said Patrick M. Byrne, Overstock's founder and CEO.
"Overstock currently delivers world-class service and award-winning customer experiences to as many as 40 million unique visitors per month. They trust us with their home and, more recently, auto purchases," continued Byrne. "We are excited about this new program that offers our customers the opportunity to bring artificial intelligence to their financial planning."
tZERO Advisors is powered by FusionIQ's B2C investment platform. FusionIQ is an innovative fintech company that provides intelligent investment solutions that enable easy online investing.
Investors can select from a group of pre-established Adaptive Dynamic Portfolios that are matched to their investment profile or can create a customized blend of these portfolios for a low-cost monthly fee of $9.95.
The robust platform is driven by FusionIQ's proprietary algorithms and scoring system that develop and rebalance the Adaptive Dynamic Portfolios based upon dynamic market factors.
Media Contacts
Overstock.com, Mark Delcorps, PR@Overstock.com, 801-947-3564
tZERO Advisors, Alex Sotiropoulos, asotiropoulos@intermarket.com, 212-754-5615
FusionIQ, Andrea Trachtenberg, 732-673-9346
About Overstock.com
Overstock.com, Inc. Common Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures' tZERO platform: OSTKP) / Series B Preferred (OTCQX:OSTBP) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, and home improvement. In addition to home goods, Overstock.com offers a variety of products including jewelry, electronics, apparel, and more, as well as a marketplace providing customers access to hundreds of thousands of products from third-party sellers. Additional stores include Pet Adoptions and Worldstock.com dedicated to selling artisan-crafted products from around the world. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock regularly posts information about the company and other related matters under Investor Relations on its website, http://www.overstock.com.
About tZERO Advisors
tZERO Advisors, LLC is an SEC Registered Investment Advisor. tZERO Advisors seeks to use technology to provide investors the best possible equity based portfolio for their stated risk tolerance. The tZERO offering includes: innovative, risk tolerance matching US based equity portfolios, dynamic portfolios designed to address changing markets, and analytics and algorithms that drive US equity based portfolios. Investing in securities involves risk and there is always the potential of losing money when you invest in securities. Before investing consider your objectives, tZERO charges and related expenses. Past performance is no guarantee of future results. This is not an offer or advice to buy or sell securities.
About FusionIQ
FusionIQ is an innovative fintech company that provides intelligent investment solutions that enable easy online investing. Through a low-cost digitally driven investment platform, investors benefit from FusionIQ's real-time proprietary financial research and algorithm for scoring and ranking securities in four dimensional factors (fundamental, technical, sentiment and momentum) that are constantly adjusted for various market environments.
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A listing statement describing BLOK Tech, prepared in accordance with the policies of the CSE, will be made available on SEDAR at www.sedar.com. The information regarding BLOK Tech and the Transaction in this press release is qualified in its entirety by reference to the more detailed disclosure included in the listing statement.
"We are at the right place at the right time," said James Hyland, interim CEO of Aida Minerals. "The timing couldn't be better to bring a blockchain-based supply chain management platform like Greenstream to market with upcoming legalization of cannabis in Canada in July 2018. Blockchain-based supply chain management employs a secure distributed ledger, an approach that will be the future of compliance. By bringing the best of the sector's blockchain developers at Greenstream together with emerging technologies, we are poised to lead the change in cannabis supply chain management."
About Aida Minerals Inc.
Aida Minerals Inc. is a public company that invests in and develops emerging companies in the blockchain technology sector. The Company has received conditional approval on its first acquisition and will subsequently change its name to BLOK Technologies Inc. The Company's approach is to provide capital, technology and management expertise to the companies it develops, starting in the cannabis supply chain management sector. Aida's process is to identify early-stage technologies with potential to disrupt and innovate within their industry and provide them with the necessary capital, resources and expertise to ensure the success of their projects.
About Greenstream
Greenstream is engaged in the development of a blockchain-enabled supply chain management platform for the legalized cannabis industry. The federal government has laid out a roadmap to have cannabis legalized nationwide by July 2018. With this in mind, Greenstream is in the process of developing a technology architecture to address the supply management needs for this new regulatory environment, providing the industry the ability to manage from 'seed to sale'. The Greenstream architecture calls for three layers of development including: smart contract processing, POS and ID database integrations and integration with existing inventory management and enterprise management platforms. When fully deployed, there will be multiple stakeholders for the Greenstream platform, including: licensed producers, distributors, government regulators, dispensaries, and software providers.
For further information, please contact:
James Hyland, B.Comm.
(604) 442-2425
jamie@aidaminerals.co
ON BEHALF OF THE BOARD OF DIRECTORS
"James Hyland"
President & CEO, Director
Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the company can fulfill such forward-looking statements and the company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the company, some of which are beyond the company's control.
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