#Tech Stock News: Gopher
Protocol (OTCQB: $GOPH) Announces $2 Million Equity Financing to Support Growth
Strategies
Protocol (OTCQB: $GOPH) Announces $2 Million Equity Financing to Support Growth
Strategies
Los
Angeles, CA - May 11, 2018 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB: GOPH)
("Gopher"), a company specializing in the creation of Internet of
Things (IoT) and Artificial Intelligence enabled mobile technologies, announced
the signing of an equity financing for $2 million dollars with the initial
$500,000 funded. The details on the funding can be found in the Company's Form
8-K - https://www.sec.gov/Archives/edgar/data/1471781/000161577418003443/0001615774-18-003443-index.htm
Angeles, CA - May 11, 2018 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB: GOPH)
("Gopher"), a company specializing in the creation of Internet of
Things (IoT) and Artificial Intelligence enabled mobile technologies, announced
the signing of an equity financing for $2 million dollars with the initial
$500,000 funded. The details on the funding can be found in the Company's Form
8-K - https://www.sec.gov/Archives/edgar/data/1471781/000161577418003443/0001615774-18-003443-index.htm
The
financing was provided by an investor that has participated in numerous
financings in the past, a strong indicator that internal support for Gopher is
growing.
financing was provided by an investor that has participated in numerous
financings in the past, a strong indicator that internal support for Gopher is
growing.
"We
are excited about the fact that we are now attracting fundamentally driven
equity investments that support the business and enhance shareholder value and
clarity" stated Kevin Pickard, Gopher's CFO. "The fact that
management can spend less time seeking capital and can focus on its rollout of
its numerous technologies, we believe indicates a bright future for
Gopher" he continued.
are excited about the fact that we are now attracting fundamentally driven
equity investments that support the business and enhance shareholder value and
clarity" stated Kevin Pickard, Gopher's CFO. "The fact that
management can spend less time seeking capital and can focus on its rollout of
its numerous technologies, we believe indicates a bright future for
Gopher" he continued.
The
proceeds of the financing will be used to continue funding the deep technology
portfolio that Gopher has built over the years. With numerous products on the
cusp of commercialization, Gopher's R&D expenses have notch slightly
higher. Gopher will also use part of the proceeds to cover some incremental
operating costs attributable to the recent acquisition activity.
proceeds of the financing will be used to continue funding the deep technology
portfolio that Gopher has built over the years. With numerous products on the
cusp of commercialization, Gopher's R&D expenses have notch slightly
higher. Gopher will also use part of the proceeds to cover some incremental
operating costs attributable to the recent acquisition activity.
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.
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.
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.
(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.
Forward-Looking
Statements
Statements
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.
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.
Contact:
Kevin Pickard, CFO
Gopher Protocol Inc.
VM Only 888-685-7336
Gopher Protocol Inc.
VM Only 888-685-7336
Source: Gopher Protocol Inc.
Gopher Protocol,
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Investorideas.com is a digital publisher of third party sourced news, articles
and equity research as well as creates original content, including video,
interviews and articles. Original content created by investorideas is protected
by copyright laws other than syndication rights. Our site does not make recommendations
for purchases or sale of stocks, services or products. Nothing on our sites
should be construed as an offer or solicitation to buy or sell products or
securities. All investment involves risk and possible loss of investment. This
site is currently compensated for news publication and distribution, social
media and marketing, content creation and more. Contact each company directly
regarding content and press release questions. Disclosure is posted for each
compensated news release, content published /created if required but otherwise
the news was not compensated for and was published for the sole interest of our
readers and followers. Disclosure: GOPH
is a PR, social media and publishing client and compensates Investorideas.com
(effective April 4, 2016 - three thousand five hundred per month) Amended
February 2018 five thousand per month. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
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info regarding BC Residents and global Investors: Effective September 15 2008 -
all BC investors should review all OTC and Pink sheet listed companies for
adherence in new disclosure filings and filing appropriate documents with
Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors
must adhere to regulations of each country.
