Credissential Provides Update On Cryptocurrency Policy
(TheNewswire)Calgary, Alberta / January 23, 2024– TheNewswire - Credissential Inc. (“Credissential” orthe “Company”) (OCT: IPTNF) (FSE: 9YZ), a vertically integratedAI software development company, is pleased to provide an update on the purchase of Ripple(XRP) and Stellar (XLM), as part of its strategic efforts to createshareholder value under its newly adopted cryptocurrency policy (the“Policy”).The Company will begin by allocating up to $500,000from its cash reserves held in its Canadian accounts to purchase XRPand XLM. This move reflects the company's belief in the potential ofXRP and XLM to provide an attractive return on investment forshareholders.It is expected that the purchases will be facilitatedthrough BitBuy. The Company expects that the planned transactions arefully compliant with all relevant Canadian financial regulations. Thepurchase(s) will take place throughout the month of January 2025, andinto early Q3 2025.“AtCredissential, we are committed to innovative treasury managementstrategies that drive long-term shareholder value," said Colin Frost, CEO of Credissential."The potential additionof XRP and XLM to our portfolio reflects our confidence in theirutility and growth potential, particularly given recent regulatoryclarity around XRP and XLM's increasing adoption in cross-borderpayments. These assets align with our diversification goals andrepresent an exciting step forward in leveraging blockchain technologyfor value creation”.The Company will provide further information relatingto the initial purchases of XRP and XLM under the Policy. Anycryptocurrencies purchased will be purchased using the Company’scash reserves. The holding of any cryptocurrencies will be done withstrict adherence to relevant laws and the Policy. The Company believesthat the planned acquisition of XRP or XLM will enhance shareholdervalue and diversify the Company’s current treasury. The Companyanticipates purchasing cryptocurrency, if any, through its whollyowned subsidiary PACT Cloud Ltd.The Company believes that the Policy aligns with theCompany's commitment to exploring innovative ways to navigateinflationary pressures while delivering long-term value for itsshareholders. The Company will continue to monitor market conditionsand may increase or decrease its holdings of XRP or XLM as it deemsappropriate.RSU IssuanceThe Company also announces the issuance of 2,000,000Restricted Share Units ("RSUs") of the Company to certainconsultants pursuant to its RSU Plan adopted by the shareholders onFebruary 23, 2024. The RSUs will vest immediately and are subject to afour month and one day hold period.Investor Relations Activities The Company also announces that it entered into anagreement with 1822053 Alberta Ltd. (d/b/a Evolux Capital)("Evolux") to provide marketing services to the Company. Theservices are expected to include the creation and distribution ofsocial media advertising, development and implementation ofcommunications strategies, assisting with brand development, andcoordinating with social media and advertising partners.Evolux is an arm's-length marketing firm and has beenengaged for an initial six-month term ending July 22, 2025 for totalconsideration of $130,000 (plus applicable taxes) which is payableupfront. The Company does not propose to issue any securities toEvolux in consideration for the services to be provided to theCompany. Evolux can be contacted at ([email protected]) or 126Mitchell Crescent, Blackfalds, Alberta, T4M 0H6.The Company also announces it has entered into anagreement with Market One Media Group Inc. (“Market One”) to providemarketing services to build online presence to the Company. The termof the engagement is for a period of twelve months. Market One and itsprincipals are arm’s length to the Company. The Company will pay toMarket One C$150,000 (plus applicable taxes), which is payableupfront. The Company does not propose to issue any securities toMarket One in consideration for the services to be provided to theCompany. Market One can be reached at: Suite 320 - 440 West HastingsStreet. Vancouver, BC V6B 1L1, Tel: (604) 428-2125, Email:[email protected] Credissential Credissential is an AI powered financial servicessoftware developer, currently focused on the development andcommercialization of its flagship products, Credissential, Dealerflowand Antenna. For more information about Credissential and otherproducts from Credissential, visit www.credissential.com. ON BEHALF OF THE BOARD OFDIRECTORSChief Executive Officer ColinFrostHead Office 2004Sherwood Drive Sherwood Park, AB T8A 0Z1Telephone +1 (236)513 4776Email [email protected] The CSE and Information Service Provider have notreviewed and does not accept responsibility for the accuracy oradequacy of this release.Forward-Looking InformationCertain information in this news release may constitute"forward-looking" information that involves known andunknown risks, uncertainties, future expectations and other factorswhich may cause the actual results, performance or achievements ofthe Company or industry results, to be materially different from anyfuture results, performance or achievements expressed or implied bysuch forward looking information. When used in this news release, thisinformation may include words such as "anticipate","estimate", "may", "will","expect", "believe", "plan" and otherterminology. This information reflects current expectationsregarding future events and operating performance and speaks onlyas of the date of this news release. Forward-looking statements areinherently risky and the information and plans disclosed therein maynot come to fruition as contemplated or at all. Forward-looking statements in this news releaseinclude, but are not limited to, the expected results from the Policy,the purchase of XRP or XLM including the timing of the purchase (ifany), the expected amount of XRP and XLM that will be purchased, thefuture roadmap and execution thereof, the expected developmenttimeline for its product stack, including integration of new featuresand the future plans of the Company, business plans, objectives andstrategy. Forward-looking statements are inherently risky and theinformation and plans disclosed therein may not come to fruition ascontemplated or at all.Except as required by law, we assume no obligation toupdate or revise forward-looking information to reflect new events orcircumstances. Additional information is available in theCorporation’s Management Discussion and Analysis, which canbe found on SEDAR+ at www.sedarplus.ca. Copyright (c) 2025 TheNewswire - All rights reserved.