LAS VEGAS, June 19, 2017 (GLOBE NEWSWIRE) -- Envoy Group Corp ("Envoy") (OTC:ENVV) is pleased to announce its acquisition of the Blockchain technology development company, BitReturn.ca ("BitReturn").
BitReturn, located in British Columbia (BC), Canada, is an advanced technology company with a focus on developing powerful Blockchain applications to streamline and transform existing industries. The BitReturn team has more than 20 years of experience in pioneering business applications development, most recently with its build of a robust and secure platform for Bignition which was sold to AutoTrader.ca.
Envoy, in conjunction with BitReturn, has created a focused rollout program that includes the design, innovative uses, and the marketing of BitReturn's robust and hyper-secure Blockchain applications. Phase One of this program is targeting the lucrative Digital Currency Mining operation that we have de-risked by housing the process in our secure Tier 3 Data Center Facility in British Columbia, Canada. Hundreds of Nvidia and Advanced Micro Devices (AMD) Graphic Processor units (GPUs) will power the backbone of the operations.
This initial phase of our rollout strategy recognizes the explosion in the use and acceptance of various Digital Currencies like Bitcoin and Ethereum that are now collectively valued at over 100 Billion US Dollars, and the critical importance of Blockchain technology in enabling their use.
"This initial entry into currency mining operations marks a strategic milestone for Envoy. The technical expertise of our team complements our corporate finance and strategic planning team," commented Harp Sangha, CEO of Envoy. "We expect this enterprise will produce positive cash flow early in its rollout that will facilitate our expansion into Phase 2 of the program which will rapidly build revenues and margin."
About Envoy Group Corp.
Envoy Group, Corp. is a company with an extensive market reach and a strategy to identify, evaluate, and develop new business opportunities across North America, Europe and Asia.
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Source: ENVOY GROUP CORP