VANCOUVER, British Columbia, March 03, 2021 (GLOBE NEWSWIRE) — Cloud Nine Training Neighborhood Ltd. (CSE:CNI) (OTC: CLGUF) (“Cloud Nine” or the “Firm”) is happy to state it’s focusing capital resources on the event and advancement of its education platform, which focal point contains the retention of Bluzelle Networks Pte Ltd. (“Bluzelle”) for truly expert Web3 development products and services to oversee the expanded Cloud Nine development group. The aim of this initiative is to build Cloud Nine as a diagram leader in the growing Ed-Tech home.
Cloud Nine’s Web3 development initiatives include the following:
- Advent of a worldwide evaluate platform to accumulate products and services for storing
files. Making employ of particular security technology to store degrees. The Web3 ledger is supposed to ascertain all forms of tutorial files with the user’s bizarre ID. It is supposed to include learning behavior at college, micro academic mission abilities, and macro tutorial background, and loads others.
bank. Web3 learning ledger to myth detailed files relating to the users’ learning abilities and follows the event of their files and skills. This data may per chance also be stored on a Web3 community in response to a assortment of whole standards. Students will own rewards by procedure of their efforts on reports, which is named “learning is earning”.
- Airbnb™ for file storage. As newcomers and education institutions store more files, DLT cloud storage may per chance maybe offer safer and doubtlessly more inexpensive picks. This contains E-books and textbook consolidation in a single diagram at some stage in the planet.
Further Corporate Updates
The Firm moreover announces that, further to its news birth dated February 16, 2021, asserting the execution of a letter of intent (the “LOI”) with Victory Sq. Applied sciences Inc. (“VST”), the Firm and VST bask in carried out an amendment to the LOI to expand the closing date in which the events must finalize a definitive settlement to attain intellectual property resources, from February 26, 2021 to March 31, 2021. All other phrases of the LOI remain in pudgy force and carry out.
On March 1, 2021, the Firm entered into an settlement with ARI LLC, an just programming firm, pursuant to which it has agreed to build and update Cloud Nine’s Ed-Tech platform. This contains screech material own, files centre cyber web hosting, gadget development, and security auditing.
Lastly, the Firm has engaged Fortyfive Media Inc. in the amount of US$300,000 to accumulate marketing and marketing and e-newsletter products and services to assist in creating and rising public awareness of Cloud Nine’s activities, strategic plans and investment alternatives.
ON BEHALF OF THE BOARD
CLOUD NINE EDUCATION GROUP LTD.
President and Chief Government Officer
Neither the Canadian Securities Alternate nor its regulations products and services provider accepts responsibility for the adequacy of accuracy of this birth. No stock swap, securities commission or other regulatory authority has permitted or disapproved the files possess herein.
Disclaimer for Forward-Searching Knowledge
Sure statements in this press birth are forward-having a stumble on statements and are doubtless in nature. Forward-having a stumble on statements are usually not in response to historical information, but barely on contemporary expectations and projections about future events, and are subsequently arena to dangers and uncertainties which may per chance maybe trigger genuine results to differ materially from the prolonged flee results expressed or implied by the forward-having a stumble on statements. These statements on the whole may per chance also be identified by system of forward-having a stumble on words equivalent to “may per chance maybe also merely”, “must mild”, “will”, “may per chance maybe”, “intend”, “estimate”, “diagram”, “stay up for”, “question”, “factor in” or “proceed”, or the detrimental thereof or an identical variations. Forward-having a stumble on statements in this news birth include statements concerning: the diagram to focal point on development of the Firm’s education platform; the goal of the Firm turning into a diagram leader in the growing Ed-Tech home; the Firm’s three acknowledged initiatives; the flexibility to enter into a definitive settlement with VST; and the flexibility of the Firm to work with FortyFive Media to amplify public awareness of the Firm’s industry. Such forward-having a stumble on statements must mild subsequently be construed in light of such components, and, excluding as required by appropriate regulations, the Firm will not be below any responsibility, and expressly disclaims any diagram or responsibility, to update or revise any forward-having a stumble on statements, whether or not as a results of new files, future events or otherwise.
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