New York, NY -- September 15, 2021 -- InvestorsHub
NewsWire -- Axis Technologies Group, Inc. (OTCPINK:
AXTG) (the “Company” or “ATG”) today issued the following
Letter to Shareholders from its Chief Executive Officer, William
Tien.
https://imgbox.com/AcQBvdEw
Dear Shareholders:
As this is my first official letter to the shareholders since my
appointment as President and CEO in May 2019, I would like to take
this opportunity to introduce myself, share the exciting progress
we’ve made behind the scenes to date, and update you on AXTG’s
outlook for the year ahead.
About Myself
I am a serial entrepreneur who has mainly focused my career in
the advancement of technologies since the early 90’s. From the
early days from radio mobile pagers, mobile phones, internet,
payment gateway, blockchain and of late quantum uses. I am one of
the earliest webpage and mobile app developers back in 1999 listing
my first company public in Australia, TiMEMAC Solutions Limited
(ASX:
TML). I also assisted in the development of the first mobile
phone built-in wallet in 1995 inside the Nokia 6110 and Palm III
handheld devices with the first debt acquisition of the liquidated
company DOTWAP INC, an Australian based NASDAQ company (NASDAQ:
DWAP).
My first experience utilizing blockchain technology was in 2012
when I bought and used Bitcoin to encrypt email messages and files
where users would send Bitcoin attached to the file or email and
the end user would need to have a bitcoin wallet to receive and
read the encrypted message.
In 2016, I built the first ICO platform in China partnering with
Russian blockchain developers and helped design and launch
over 20 Initial Coin Offerings (ICOs) for multiple clients
utilizing our platform and source code. To this date, I have access
to over 20+ million crypto users spanning across 8 centralized
exchange platforms.
Since 2018, I have dedicated my efforts to developing
technologies that have a social media and networking, financial
payment, and digital currency component and all working within the
realm and umbrella of decentralized finance (DeFi) including the
developments of a crypto wallet that integrates with an ATM network
and Point of Sale (POS) units, a completely crypto based fintech
platform (TiENPAY), and a social media and networking platform that
integrates the utilization of tokens and cryptocurrencies as forms
of payment and access to exclusive content. Overall, I have
dedicated my career to being on the forefront of innovative
technologies and firmly believe that investing and developing all
things DeFi related is the wave of the future.
AXTG’s Vision – Investing in the Pursuit and Advancement
of DeFi
As DeFi has gained the trust and confidence of the public over
the last few years, so too have Countries, States and Governments
been catching on to the importance and value of DeFi and the use
and acceptance of digital assets and cryptocurrencies. As Bitcoin
has grown rapidly as a digital store of value surpassing $1
trillion in market cap, it has forced banks, traditional financial
institutions, and even crypto skeptics to take it seriously.
DeFi has grown to an $80
billion industry in 2021 and is poised to explode 10-fold a
year from now, according to veteran crypto investor Matthew Roszak.
Roszak, who Forbes says is worth some $1.5 billion thinks that a
"perfect storm" is underway for DeFi. Mainstream
crypto adoption, a global chase for yield, and elevated
inflation are all boosting DeFi's profile as billions pour into the
industry.
As such, AXTG is focusing on the promotion, development,
management and marketing of various aspects of businesses
surrounding all aspects of DeFi and intends to accomplish this goal
through acquisitions, strategic investments, and its current
investment holdings.
Recent AXTG Achievements:
Since my appointment back in May, AXTG has accomplished the
following:
- New Management Team - The Company has
appointed the following key executives to its management team:
-
- Caren Currier, CFO – Caren is
an accountant and a seasoned public company executive
- Doreen Sim, VP of Operations – Doreen has an
accomplished track record in Network Infrastructure and Digital
Business Development
- Gerard McKeon, VP of Media – Gerard has 20+
years of developing and implementing media projects for
international corporations, foundations and governments.
- Newly Designed Corporate Website – Our website
at www.AXTG.us has been
completely redesigned and is now launched with constant
improvements and content to be added in real time.
- Acquisitions: The Company executed share
exchange agreements to acquire all of the outstanding shares of
both TiENCHAT and T8 Exchange, which both now serve as wholly owned
subsidiaries of the Company. Both TiENCHAT and T8 Exchange are
described in greater detail below.
- Ethereum (ETH) Mining Operation – Established
operation in Singapore to engage in the mining of ETH tokens on
behalf of the Company and for certain investors under our “70/30”
managed services program whereby an investor can invest directly
into the ETH miner and the ETH tokens that are mined are split with
70% going directly to the investor and the remaining 30% being
retained by the Company for ETH mining costs and management.
To date, the Company has received $200,000 for the purchase of
ETH miners under the 70/30 managed services program.
- TiENFARM Miners – The release of the Company’s
newly created and designed TiENFARM miner, which carries an
eight-terabyte storage, a node and a built-in wi-fi router with a
next version of the miner, planned for release by October 2021, to
have a built-in smart home engine – similar to Google Smart Home –
that includes an AI voice recognition feature, reminiscent of
Alexa. TiENFARM miners will be made available and ready for
delivery in late September 2021 with additional TiENFARM miners to
be made available globally by the end of 2021. The initial MSRP is
to be set at $500.00 USD per TiENFARM miner.
- Development of ETHFUND – As described in
greater detail below, ETHFUND is the Company’s proprietary exchange
platform for the minting, listing, swapping & management of
digital assets (NFTs + Tokens + Alt Coins).
AXTG Portfolio of Companies
TiENCHAT
https://www.tienchat.com/
Borderless, multilingual social networking +
payments + digital currency transactions
TiENCHAT is a Singapore company that has designed, developed and
built a global social software that relies on blockchain technology
to create a borderless global access in ‘multilingual social
networking + cross-border payment + digital currency transactions.
TiENCHAT subverts the current mainstream social and payment models
in the global mobile network, and applies blockchain technology to
the social and payment, and further integrates people’s daily
lives. TiENCHAT is a comprehensive application platform integrating
communication, payment, transaction, shopping, information
acquisition, knowledge sharing, etc., making global mutual
notifications more complicated and more efficient and in-depth.
Ethereum & Cryptocurrency
Mining
In addition to TiENCHAT’s robust social networking and global
payments platform, TiENCHAT plans to invest and engage in the
mining of various cryptocurrencies (specifically Ethereum (ETH))
and that yield favorable ROI’s. TiENCHAT has assembled a team of
industry veterans with years of experience in the management and
mining of cryptocurrencies and in the technology to support the
development and growth of digital assets.
TiENCHAT has placed its first order of 50 ETH enterprise miners
and is intended to start mining in the 4th quarter, 2021 in
Singapore with each miner expected to generate on average
approximately 1.5 Ethereum (ETH) per miner each month. The Company
is seeking to rapidly increase the number of ETH enterprise miners
under management to more than 1,000 ETH miners by the middle of
2022 with operations both in Singapore and in the US.
T8 EXCHANGE
www.t8ex.com.au
Complete Digital Asset Exchange and DeFi
platform
T8 Exchange is an Australian company that owns the T8EX and
Trams Dex application, a decentralized exchange platform that
enables existing TiENCHAT users to trade, swap utilize
cryptocurrencies as payment inside the application.
Some of the advantages include:
- Viewing account fund information online in real time
- Supporting digital currency multi-currency scan code payment
and transfer
- Supporting multi-currency online transfer/withdrawal
- Real-time value of the digital currency market price, and
- Complete decentralized exchange that anyone with an ERC20 token
can be pooled and traded within 15 minutes
ETHFUND
www.ethfund.io
Exchange Platform for the Minting, Listing, Swapping
& Management of Digital Assets (NFTs + Tokens + Alt
Coins)
A division of T8 Exchange, ETHFUND is a turnkey decentralized
NFT minting, swap, listing and exchange platform that enable
existing TiENCHAT users to trade, swap and utilize NFT tokens as a
form of payment inside the platform.
Users can view NFT token limited, listed and upload critical
information that will be embedded onto this ERC721 and ERC1155
token on the Ethereum blockchain, support digital currency
multi-currency scan code payment and transfer, support
multi-currency online transfer/withdrawal, and view real-time
values of the NFT market price.
TiENFARM
T8 Exchange has recently released a state-of-the art storage and
node miner called “TiENFARM”, which is one of the latest of its
DeFi projects. These TiENFARM miners will initially be sold and
available solely through TiENCHAT’s marketplace and eventually will
be available globally through select major online retailers.
The TiENFARM miner can be managed and programed via the TiENFARM
mobile application, currently available only to Android users and
is available for download from the Google Play Store. The TiENFARM
application uses the Ethereum Virtual Machine (EVM) protocol to
mine DS Tokens, which is TiENFARM’s proprietary utility
token. These DS tokens are mined inside the TiENFARM
application using TiENFARM miners. The mined DS tokens can be
traded on T8EX and within the TiENCHAT platform in exchange for
Tether (USDT), which is pegged, 1:1, to the U.S. dollar.
The Year Ahead: AXTG 2021
Our AXTG and subsidiary management teams have spent the past
year working diligently, quietly, building what we believe is a
solid corporate and operational foundation capable of supporting
our portfolio companies. I am excited to outline some of our goals
for the coming year:
Mergers & Acquisitions – as the DeFi market
space continues to rapidly evolve, we will be seeking out
acquisitions that both compliment the Company’s strategic
initiatives and strengthen the balance sheet, further adding value
to our growing portfolio of companies and to our shareholders.
Growth Capital and Financing Initiatives – We
will seek out various methods of raising capital to support the
various growth and strategic initiatives. To date, the Company is
seeking to raise approx. $10m in equity financing in order to
purchase and expand its cryptocurrency mining operations, market
and support its TiENCHAT application, and for business development
to attract opportunities to mint NFT’s on its ETHFUND platform.
Reinforce Management Team. Assuming our
operations expand and revenue increases in the future, we plan to
add new executives and directors – all with the pedigree and
lineage to help advance AXTG to its fullest potential.
Proactive Shareholder Communications. To keep
our shareholders informed on our many 2021 catalysts for growth, we
plan to implement a new investor web tab on our website, retain
additional investor relations consultants, and produce
additional media and content to continuously add to our website and
various social media platforms.
AXTG: Investing in the Pursuit and Advancement of
DeFi
We have positioned ourselves to be in the forefront of the
continuously growing and evolving marketplace that is DeFi. We
firmly believe that we will be successful as we continuously strive
to identify those areas and opportunities to enhance the blockchain
ecosystem and to further develop those tools and systems necessary
for the DeFi marketplace to continue to evolve and flourish. I am
very pleased with what we have accomplished to date and am even
more excited about what we will achieve together in the future.
Sincerely yours,
William Tien, CEO
About Axis Technologies Group, Inc.
Axis Technologies Group, Inc. (OTCPINK:AXTG)
is a publicly traded holding company focused on the promotion,
development, management and marketing of various aspects of
businesses surrounding all aspects of decentralized finance (DeFi).
Through acquisitions, strategic investments, and its current
investment holdings, AXTG seeks to support, develop and take
advantage of various blockchain and DeFi projects, opportunities
and initiatives
Safe Harbor Statement
This press release may include forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements related to anticipated revenues,
expenses, earnings, operating cash flows, the outlook for markets,
and the demand for products. Forward-looking statements are no
guarantees of future performance and are inherently subject to
uncertainties and other factors which could cause actual results to
differ materially from the forward-looking statements. Such
statements are based upon, among other things, assumptions made by,
and information currently available to, management, including
management's own knowledge and assessment of the Company's industry
and competition. The Company assumes no duty to update its
forward-looking statements.
CONTACT:
Axis Technologies Group, Inc.
Twitter: @AXTG2021
www.AXTG.us
ceo@axtg.us
Axis Technologies (PK) (USOTC:AXTG)
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