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Enter Symbol
or Name
USA
CA



BTL Group Ltd
Symbol BTL
Shares Issued 21,319,766
Close 2018-01-30 C$ 8.03
Market Cap C$ 171,197,721
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Venzee Technologies to combine Mesh with BTL's Interbit

2018-01-31 08:18 ET - News Release

See News Release (C-VENZ) Venzee Technologies Inc

Ms. Kate Hiscox of Venzee reports

VENZEE AND BTL GROUP LTD ANNOUNCE PARTNERSHIP

Venzee Technologies Inc. has entered into a partnership with BTL Group Ltd. that will bring together the company's data transformation solution, Mesh, with BTL's blockchain development platform, Interbit.

Using artificial intelligence, Mesh is able to import, merge and transform data from existing systems before writing to blockchain networks, greatly simplifying the process of integrating blockchain networks with conventional databases.

Kate Hiscox, president of Venzee Technologies, commented: "Since announcing Mesh, we have had interest from enterprise customers, including major retail and globally recognized banks who are looking to deploy blockchain as part of their data strategy. BTL offers a world-class permissioned blockchain solution that, combined with Mesh, means we can provide an end-to-end solution that helps companies achieve their blockchain goals more efficiently."

Interbit is a blockchain development platform. Designed to be developer friendly using today's most popular and proven tools and languages, developers are empowered to build enterprise-grade blockchain based applications without having to learn new tools or languages.

"We are very excited about our partnership with Venzee, especially as we believe it will result in a number of client projects originating from Mesh and BTL. The projects we see often include multiple data sources from the same or different companies. This is where Mesh helps connect the dots by merging and transforming data before it's written directly to Interbit or any applications on the platform," stated Dominic McCann, chief executive officer of BTL.

Increasing adoption of blockchain-as-a-service, rising cryptocurrency market caps and initial coin offerings are simplifying business processes. This immutability and newly created transparency are expected to propel the growth of the blockchain market to $7,683-million (U.S.) by 2022.

Venzee and BTL have entered into a letter of intent in respect of their partnership, the terms of which will be set out in a definitive agreement.

About BTL Group Ltd.

Listed on the TSX Venture Exchange and operating from both Canada and the United Kingdom, BTL is an enterprise technology platform provider that is developing Interbit, a proprietary next-generation blockchain platform. Via Interbit, BTL can help companies greatly reduce risks and costs by securely streamlining existing IT infrastructures. BTL has successfully demonstrated how Interbit can innovate and transform existing business processes, for leading companies in the finance, energy and gaming sectors. Interbit is a fast, private and scalable inter-connected blockchain platform.

About Venzee Technologies Inc.

Venzee is a SaaS (software-as-a-service) company that launched in 2014 to help e-commerce vendors and retailers easily share product information in a $23-trillion (U.S.) retail industry (source: Statista). Traditionally, this was done using spreadsheets which created a labour-intensive process that delayed products from reaching the marketplace. Venzee's technology, leveraging artificial intelligence to streamline product information exchange, allows thousands of vendors and retailers to seamlessly share information, avoiding delays and getting products to market faster than ever. The company graduated from notable start-up accelerator program 500 Startups and recently announced support for blockchain networks via its product Mesh.

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