Agoracom Blog

Tesla’s Reno ‘Giga-Factory’ choice steps company toward mass produced EV

Posted by AGORACOM-JC at 9:38 AM on Friday, September 5th, 2014

Proposed 10k-sq-ft facility projected to be running by 2017 for Model 3 launch.

September 4, 2014
by By JUSTIN PRITCHARD and SCOTT SONNER, Associated Press


14-sept-tesla-giga-factory-reno-625

RENO, Nev. — To bring electric cars to the masses, Tesla Motors will transform an expanse of desert where pioneers passed on their way to the California Gold Rush and wild mustangs still roam the hillside.

This time, the rush will be in Nevada, which Tesla chose over four other states as the site for a $5 billion factory that the carmaker projects will crank out enough high-tech car batteries to power 500,000 vehicles annually by decade’s end.

Nevada’s elected leaders still must deliver on the economic incentives they’ve promised, but if they do as expected, Tesla will open its massive factory at an industrial park outside Reno, according to a person familiar with Tesla’s plans. The person spoke on condition of anonymity because no official announcement had been made. An announcement was scheduled for Thursday afternoon at Nevada’s Capitol.

U.S. Senate Majority Leader Harry Reid, D-Nevada, acknowledged Thursday at his Clean Energy Summit in Las Vegas that Tesla was coming to Nevada, and said he had spoken with Nevada Gov. Brian Sandoval about it.

A state synonymous with gambling hit the jobs jackpot — Tesla has said the factory will employ about 6,500 people. That’s a welcome jolt for a tourism-based economy particularly hard hit during the Great Recession.

Tesla’s choice of Nevada over California, Texas, Arizona and New Mexico takes it a big step closer to mass producing an electric car that costs around $35,000 and can go 200 miles on a single charge. That range is critical because it lets people take most daily trips without recharging, a major barrier to the widespread adoption of electric vehicles.

The “gigafactory,” as Tesla calls the project, would bring the cost of batteries down by producing them on a huge scale. Its approximately 10 million square feet, equivalent to about 174 football fields, would be running by 2017. That is when Tesla hopes to introduce its Model 3,

At present, demand for electric vehicles is small.

Through August, automakers have sold just over 40,000 fully electric cars this year, up 35 per cent from a year ago, according to the auto website Edmunds.com. Factoring in plug-in hybrids, electric vehicles still account for just 3.6 per cent of all new car sales, a slight drop from last year. Still, government fuel economy standards that will require new cars and trucks to average 54.5 miles per gallon are expected to drive sales.

Gov. Sandoval’s office wouldn’t comment Wednesday on the gigafactory news, saying only that he would make a “major economic development announcement” Thursday. A spokesman for Tesla Motors Inc., based in Palo Alto, California, said company representatives would be at the Capitol in Carson City for the announcement but offered no other details.

Sandoval has declined to discuss incentives he has offered Tesla. Based on CEO Elon Musk’s public statements, the incentives likely total at least $500 million. The governor would have to call a special session of the Legislature to approve tax breaks, grants or other incentives of that magnitude.

This spring, Musk announced that the company would take the unusual step of spending millions to prepare sites in two states _ or perhaps even three _ before choosing a winner. The person familiar with Tesla’s plans told The Associated Press a second site still will be prepared, in case Nevada is unable to deliver the incentives it has promised, or possibly to build a second factory.

Tesla has done excavation and other site-preparation work at the Tahoe Reno Industrial Center, where it plans to build the factory, but had not publicly committed to building in Nevada until it tested what economic incentives other states offered. The centre is about 15 miles east of Sparks, a Reno suburb founded as a railroad town more than a century ago.

Aside from low tax rates and business-friendly workplace laws, Nevada offered plenty of sun and wind to generate “green” power. The industrial park is only about 200 miles along Interstate 80 from Tesla’s lone auto assembly plant in the San Francisco Bay Area. It’s also near a deposit of lithium, an essential element to produce the battery cells.

Reid said that ready supply was an important part of Nevada’s bid, and pointed to a $28.4 million Department of Energy grant in 2010 for a lithium carbonate and lithium hydroxide plant in Silver Creek, Nevada.

Competition for the factory has been intense among the states, which bid up their incentive packages in private negotiations with Tesla.

In California, where Tesla has its headquarters and manufacturing plant, the decision to build in the state next door stung.

“Tesla was using their business savviness to get states to compete against one another,” said state Sen. Ted Gaines, R-Roseville, a principal proponent of the project. “It’s just that I felt California had the inside track given our history of working in partnership with Tesla.”

___

Associated Press writers Ken Ritter in Las Vegas, Juliet Williams in Sacramento, California, and AP Auto Writer Tom Krisher in Detroit contributed to this report.

Source: http://www.design-engineering.com/general/teslas-reno-giga-factory-choice-steps-company-toward-mass-produced-ev-132260

Supreme Updates Financing and Announces Launch of New Website

Posted by AGORACOM-JC at 9:05 AM on Thursday, September 4th, 2014

VANCOUVER, BRITISH COLUMBIA–(Sept. 4, 2014) – Supreme Pharmaceuticals Inc. (the “Company”) (CSE:SL) wishes to announce its intention to offer securities under of the previously announced non-brokered private placement (see news release dated August 15th, 2014) of up to 20 million units in the capital of the corporation (“Units”) at a price of $0.25 per Unit for aggregate gross proceeds of up to $5,000,000 (the “Financing”) to existing holders of common shares of the Corporation (“Existing Shareholders”). Any Existing Shareholder of Supreme as at September 3, 2014 will be eligible to purchase Units pursuant to the recently adopted “existing security holder” prospectus exemption in all Canadian jurisdictions other than Ontario and Newfoundland. Under the new regulation, there is no longer a need for an existing shareholder to qualify under the “accredited investor” exemption in order to participate in the Financing, however subscribers who do not receive advice regarding the suitability of their investment from a registered investment dealer may not purchase more than $15,000 of securities of Supreme under this exemption in any 12 month period.

In the event there is an over subscription of shares, the Company reserves the right to either reject subscriptions at its discretion, allocate on a pro rata basis or increase the size of the Financing. It is anticipated that the offering will be open until September 19th, 2014.

A director of the Company stated, “The amendment to the financing is an avenue that allows us to include our valued shareholders that wish to participate in our current placement. In addition, the new brand and fully integrated website bring the Company one step closer to its goal of becoming a commercial producer of medical marijuana.”

In addition, the company pleased to report that it has recently undergone a major rebranding and developed a new website infrastructure complete with online store, corporate information, news, doctor’s hub, and more. The new brand and website are anticipated to launch on Monday, September 8th, 2014 at www.supreme.ca.

FORWARD-LOOKING INFORMATION

This news release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. This news release includes forward-looking statements with respect to the closing date of the Offering, the availability of the “existing security holder” exemption for purchases of Units under the Financing and the launch date for the new website. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com and such factors as the Company failing to close the offering, the Units not being eligible for purchase through certain exemptions from the prospectus requirement and failure to launch the website as anticipated. This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995..

Supreme Pharmaceuticals Inc.
Investor Relations
(604) 674-2191
info@supreme.ca
www.supreme.ca

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Neah Power Systems, Inc. Ships BuzzBar(TM) Products Aug 29th, Completes CE Testing and Launches BuzzBar Suite Website

Posted by AGORACOM-JC at 6:08 AM on Thursday, September 4th, 2014

 

BOTHELL, WA–(Sep 4, 2014) – Neah Power Systems, Inc. (OTCBB: NPWZ) (‘Neah’), an innovator and supplier of cutting-edge power solutions for the military, transportation and portable electronics industries, reported that it has begun shipping BuzzBar Suite of products on August 29th, 2014, and has completed CE certification. Neah had previously completed FCC certification. Additionally, Neah had launched a website dedicated to the BuzzBar Suite: www.buzzbarsuite.com.

“We are thrilled to be shipping to consumers who previously ordered the product, as well as to certain big box retailers for evaluation of the product,” said Dr. Chris D’Couto, CEO of Neah Power Systems. “We were able to file two patent applications related to the technology, complete FCC and CE certification, and address various manufacturing scale up issues over the last few weeks. We now expect to continue on the commercialization front more aggressively.”

The BuzzBar Suite, which can be a life-saving product, allows for charging from a variety of sources: grid power (traditional outlet), the BuzzBat (using AA and AAA batteries), the BuzzSol (solar panel), or the BuzzCell (available in Q42014).

About Neah Power

Neah Power Systems, Inc. is an innovator and supplier of cutting-edge power solutions for the military, transportation and portable electronics industries. Neah Power’s long-lasting, efficient, and safe solutions include patented and patent pending PowerChip and the BuzzBar family of products. Neah Power was a 2012 ZINO Green Finalist, 2010 WTIA Finalist, and 2010 Best of What’s New Popular Science Award.

Forward Looking Statements
Certain of the statements contained herein may be, within the meaning of the federal securities laws, “forward-looking statements,” which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, and the Company does not undertake any responsibility to update any of these statements in the future. Please read Neah Power System’s Form 10-K for the fiscal year ended September 30, 2013 and its Quarterly Reports on Form 10-Q filed with the SEC during fiscal 2014 for a discussion of such risks, uncertainties and other factors.

Virtutone Announces $11.4 Million in Revenues for the Month of August

Posted by AGORACOM-JC at 7:54 PM on Wednesday, September 3rd, 2014

 

Sherwood Park, Alberta / September 3rd 2014 / Virtutone Networks Inc. (“Virtutone” or the “Company”) (TSX Venture: VFX.V) is pleased to announce that the Company has generated approximately $11.4 million in revenue for the month of August.

“We anticipated a slight decrease in revenues during the coordination of the credit facility announced at the end of July this year.” said Jason Allen, Chief Executive Officer of Virtutone. “Its successful integration is projected to increase commercial opportunities moving forward.”

For further information please contact Jason Allen at 780-702-5777.

About Virtutone Networks Inc.

Virtutone Networks Inc. is a technology company based in Sherwood Park, Alberta and is listed on the TSX Venture Exchange in Canada. The company is a leading supplier of wholesale telecommunication services. Additional information can be found on the company’s website at www.virtutone.com.

This document may contain certain forward-looking information or statements (“Forward-looking statements”) as defined under applicable securities legislation that involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks include, without limitation, risks related to: the termination, non-renewal of or default under of any current or new wholesale contracts; changes in the global economy; a failure to negotiate new customer contracts; changes in legislation or the interpretation thereof, particularly in the telecommunications industry. Forward-looking statements are any statements other than statements of historical fact. The use of any “plan” “expect ” “project” “believe” “should” “anticipate” or other similar words or statements that certain events “may” or “will” occur are intended to identify forward-looking statements. In particular, forward-looking statements included in the press release include, without limitation, statements regarding: the impact of the new voice traffic contracts; timing and completion of the transition of new voice traffic; the sustainability of the new revenue stream; increased leverage with suppliers; additional deals currently being worked on and the impact thereof; and negotiations relating to potential new customers. The forward-looking-statements contained herein are based on certain assumptions including, without limitation, assumptions regarding: global economic conditions; changes in laws and regulations; the impact of Virtutone’s new contracts; the market for wholesale telephony services; the maintenance of new and current wholesale contracts; and the ability to add new wholesale clients. Although management believes the expectations reflected in the forward-looking statements contained herein are reasonable, no assurances can be given that any of the events anticipated in forward-looking statements will occur, or, if they do, what benefits Virtutone will derive therefrom. As such readers are cautioned not to place undue reliance on forward-looking statements, which are effective only as of the date of this document or as of the date otherwise specifically indicated herein. Virtutone assumes no obligation to update forward-looking statements, except as required by applicable law. The historical revenue numbers for the new wholesale contracts do not represent estimates of future revenues to be received by the Company.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CLIENT FEATURE: Stria Lithium (SRA: TSX-V) Powering The Green Revolution

Posted by AGORACOM-JC at 12:00 PM on Wednesday, September 3rd, 2014

Why Stria Lithium?

  • Aiming to become one of the lowest cost producers in the world for battery- grade technology lithium — critical for high-technology green energy industries.
  • Management is key. Stria has assembled a truly world-class, experienced and accomplished team.
  • Stria’s strategic, cost-effective exploration substantially reduces the risks and expenditures of exploration by focusing on deposits that are readily available to advance.
  • Stria’s unique and extensive experience in understanding and utilizing the latest, most-advanced geophysical tools affords the Company a competitive edge within the industry.
  • The lithium market remains robust with tremendous upside potential versus other metals.

 

A New Source, a new process for technology lithium

Several foreign nations are already stockpiling materials critical to the emerging green technology economy, which means a reliable North American supply of high quality lithium-based products has never been more urgent. Stria believes Canada has a key role to play in the green tech economy, and plan to be a part of it by carving out a supply and technology niche in the critical and strategic metals world.

Proprietary Processing Technologies

Stria President and Chief Operating Officer Julien Davy said the company’s ultimate goal is to produce high-purity (99.999%) lithium metal or other lithium compounds that meet the needs of battery manufacturers for an environmentally sustainable supply option that dramatically reduces costs. “Any lithium process that significantly reduces production costs will help changing the battery market,” said Mr. Davy.

Pontax-Lithium property …

Stria holds 100 per cent ownership of the Pontax-Lithium property located in the west-central James Bay territory in northern Quebec.

The property, which Stria acquired from Khalkos Exploration Inc. in 2013, is host to a recently discovered swarm of a dozen spodumene-bearing (a lithium mineral) pegmatite dikes, each one metre to 10 metres in thickness, plus a series of small centimetre-thick dikelets.

The lithium-bearing dikes outcrop over an area of 450 metres by 100 metres (for more information, click here to view the NI-43-101 Technical Report (Girard,2013) on the Pontax-Lithium Property).

Close-up view of Pontax’s spodumene-bearing pegmatite. The light grey spodumene is idiomorphic and lath-shaped. The intergranular grey mineral is quartz.


Willcox Lithium / Arizona

Stria holds 100 per cent ownership of the Willcox Lithium project, located in Cochise County, Arizona. Acquired through the purchase of Pueblo Lithium LLC from AGR-O Phosphate Inc. in 2014, the property is comprised of 61 lode mining claims.

The purpose of the 2014 Willcox drilling program is to confirm historic exploration results and to test groundwater samples for use in Stria’s proprietary membrane processing technologies now under development. This technology will allow Stria to recover lithium from brine type deposits without the need of large scale evaporation ponds and their associated environmental impacts.

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Is it loonie to collect your salary in Bitcoin?

Posted by AGORACOM-JC at 11:58 AM on Tuesday, September 2nd, 2014

A small but growing – and surprising – number of workers are rejecting Canadian dollar salaries for Bitcoin, according to a Waterloo, Ont., payroll firm.

Wagepoint CEO Shrad Rao said his firm came up with the cryptocurrency payment option in November last year as a side project and did not expect any take-up.

Video: Wrapping your head around bitcoin

But as the online currency gained popularity this year, he said, employees from 10 firms have signed up for the Bitcoin option, and many more are asking about it.

“When we started off, we didn’t even think we’ll get one,” he said over the phone from New York, where Wagepoint has another office.

“What’s interesting is that we’ve actually had customers come to us because of the (Bitcoin) integration, which we were not expecting at all.”

Rao said the firms are overwhelmingly technology companies, whose workers have higher interest in new innovations and tend to dabble more.

In addition to Canadian interest, he said gets about five inquiries for Bitcoin payment per month from the United States, where Wagepoint also operates, although it has not yet launched such an option in that country.

Bitcoin, a decentralized currency, was launched in 2009 by an as-yet unknown person or group. It gained mainstream attention in 2013, and subsequent adoption caused one bitcoin to rise to a high of $1,000.

But most brick-and-mortar shops still do not recognize Bitcoin as currency, and neither does the Canadian government, which in June ruled Bitcoin is property.

Canada Revenue Agency spokesman Noel Carisse said paying employees in Bitcoin means paying them in goods – “a barter transaction.”

“The goods – the Bitcoin, in the case of digital currency – must be valued and reported in Canadian dollars,” he said in an e-mail.

“The employee would then include the appropriate amount on their tax return for the year as employment income. Any tax payable would have to be paid in Canadian dollars.”

For Wagepoint, however, it works differently. Rao said for tax purposes, employees are still being paid with Canadian dollars on paper.

He said workers can have all or part of their wages in bitcoins, and taxes are taken from the Canadian dollar salary before the remainder is converted.

“Really, it’s (about) what you do with your personal income at that point,” he said. “If you bought a boat with it or invest in Bitcoin – I’m not sure that’s very different from each other.”

But the payment system will not likely have mass adoption until there is regulation and widespread acceptance for Bitcoin, according to an expert.

Cissy Pau of the Vancouver-based Clear HR Consulting, which deals with small businesses, predicts being paid in virtual currency will not expand beyond the tech world because there are currently too few places to spend it.

“Tech companies, I can see that,” she said. “But I just can’t see that in, say, Canada Post, a more traditional-type company with more traditional-type workers. I would suspect that people will be highly skeptical.”

Currently, even those who earn exclusively in bitcoins cannot escape traditional currency.

Michael Perklin of Bitcoinsultants does business in the virtual currency and has not earned Canadian dollars since February, but does not use Bitcoin directly in most day-to-day transactions.

Perklin said he uses third-party services that allow him to make regular purchases and bill payments in Bitcoin, and also sells bitcoins for cash.

For instance, Perklin’s mortgage is paid for through a Canadian dollar chequing account where he deposits funds after selling bitcoins on online exchanges.

Perklin said living completely without traditional currency may be possible in the future, but it is difficult to do right now.

“I have to interact with Canadian currency,” he said. “That’s a fact of live in the country I live in.”

Source: http://www.theglobeandmail.com/technology/tech-news/is-it-loonie-to-collect-your-salary-in-bitcoin/article20296919/?cmpid=rss1&click=sf_globe

Smoking hot marijuana stocks could give investors a buzz

Posted by AGORACOM-JC at 11:41 AM on Tuesday, September 2nd, 2014
Dilys Chan, BNN.ca staff
10:53 AM, E.T. | August 30, 2014
Canadian, Energy & Resources

It’s an exciting time for medical pot in Canada. Two new licensed medical marijuana companies started trading on Monday: OrganiGram Holdings Inc. (OGI.V 2.27 0.02 0.89%) and Bedrocan Cannabis Corp. (BED.V 1.12 0.04 3.7%). They joined Tweed Marijuana Inc. (TWD.V 2.45 -0.02 -0.81%) on the TSX Venture Exchange, bringing the total number of publicly traded marijuana stocks in Canada to three. Both of the new stocks ended the week above their opening prices.

The trend in the commodities space will continue with a fourth company, Mettrum, to hold an IPO in September. According to Khurram Malik, a research analyst at Jacob Securities, the fledgling licensed marijuana industry is at very early stages of enormous growth.

“The [companies] on the Venture exchange with licenses – they’re going to go from $0 to $10 million in revenue pretty quickly in the next year. Tweed’s a perfect example. They’ll have 12 grow rooms up and running by the end of the year,” said Malik.

“The question over the next few months is how quickly suppliers can get their act together and start getting their supply in the market. It is a bit tricky to produce marijuana at a large scale.”

Producers who can ramp up capacity, production and revenue quickly enough can tap into a target market that could potentially generate $1.8 billion in annual revenue, he said to BNN.

The cannabis plant can be a legitimate treatment option for over 100 ailments, said Malik, with pain relief being a common use. With an estimated 500,000 medical pot users in Canada and only 13 suppliers licensed by Health Canada, there is significant demand for product.

“These are very profitable investments for investors to be getting exposure to,” he said.

Investors can compare two key metrics of companies as the industry matures, Malik said. The first is cost to grow product, measured in dollar per gram. The second is how effectively the company acquires customers, a metric that will become more important as producers seek to differentiate themselves from their competition.

Ultimately, Malik thinks marijuana will be legalized, though it’s unclear when that will happen. In the meantime, a regulatory challenge for producers is that they can’t market directly to the consumers or open storefronts. Potential customers need a medical document, similar to a prescription, which then allows them to choose a supplier. But, they have to research and find the supplier on their own. The industry depends on its consumers being self-educating.

Despite that inconvenience, Malik isn’t worried about demand being low for medical pot.

“Buying from the legitimate producers is cheaper, it’s a higher quality and it’s more convenient than going to your proverbial street corner and buying it black market at twice the price.”

Source: http://www.bnn.ca/News/2014/8/30/Smoking-hot-marijuana-stocks-could-give-investors-a-buzz.aspx

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AGORACOM Best Of The Best Small Cap TV – August 29, 2014

Posted by AGORACOM-JC at 4:06 PM on Friday, August 29th, 2014

Summer end selling season is now upon us and small cap investors have an opportunity to buy oversold companies at a bargain.

In this special episode of AGORACOM Best Of The Best Small Cap TV, George (Founder) and Allan (Chief Market Commentator) give their Top 5 Summer End Selling Candidates (+ 1 Bonus Pick) that are most likely to provide a pop to their portfolios by October 31, 2014.  There is a lot on the line in the wager between the two, with each providing completely different picks from the other and some great potential trades for viewers.

In addition, they also discuss their “Super Bowl Challenge” in which George (Twitter) and Allan (Blackberry) go head to head with just one tech stock each.

Want to catch up on previous shows?

Weekly “Best Of The Best” Summarizing The Best Picks From Our Daily Shows. Posted Every Friday Afternoon Watch Here

THIS WEEK’S SHOW SPONSORED BY THE FOLLOWING GREAT SMALL CAP COMPANY:


CLIENT FEAUTRE: Newnote Financial (NEU: CSE) Canada’s Only Publically Traded Bitcoin Company

Posted by AGORACOM-JC at 1:57 PM on Friday, August 29th, 2014

Why Newnote Financial?

  • Pioneering innovative crypto-currency related software products and services geared at this growing global market
  • Positioned as a leader in delivering opportunities for companies and businesses wishing to participate in the Bitcoin economy while continuing to create value for our shareholders and stakeholders
  • Developingits own philanthropic crypto-currency, opened a datacenter for Bitcoin mining, secured over 100 terahashes for its cloud hashing services, secured a Bitcoin ABM and is launching its own Bitcoin exchange in short order.

Recent Highlights

  • Announced it has been retained by Silver Phoenix Resources Inc. (CSE: SP) to develop the worlds first Net Smelter Return (NSR) backed crypto-currency
  • Successfully development and launch of the first open-source gold-backed alternative crypto-currency, commissioned by Anthem Vault Inc. Anthem Vault is a leading technological innovator in the bullion markets and precious metals dealer offering fractional investment in one-kilo gold bars and COMEX-approved 1,000 oz. silver bars
  • Sold 44% of its 110 terahash cloud hashing capacity in four weeks, representing approximately $78,000 in gross sales
  • Entered into a strategic partnership with Ackroo Inc. (CSE: AKR), a loyalty and rewards technology and services provider. The companies will pool resources to develop integration of Newnote’s crypto-currency technology with Ackroo’s gift card, loyalty and rewards solution
  • Entered into a strategic relationship with Brisio Innovations Inc. (CSE: BZI), to help develop and implement a Bitcoin Virtual Currency payment system for Brisio’s Good e-Reader Appstore
  • Announced the successful development and launch of the first open-source gold-backed alternative crypto-currency, commissioned by Anthem Vault Inc. Anthem Vault is a leading technological innovator in the bullion markets and precious metals dealer offering fractional investment in one-kilo gold bars and COMEX-approved 1,000 oz. silver bars.

Dedicated bitcoin mining Colocation Data Center

  • Secure underground Canadian facility is designed to handle the need for power and cooling for even the most powerful mining equipment.
  • Facility runs on 100% renewable energy, and has world-class security and energy infrastructure.
  • Miners can host their energy intensive mining equipment, which company will install in our facility, and they can remotely manage and mine Bitcoin or various altcoins of their choosing.

Growing network of ABM machines will allow people to conveniently buy bitcoin using their local fiat currency

Comapny ABM is quick and flexible. Some key advantages:

  • Fiat to Bitcoin in fifteen seconds
  • Accepts notes from over 200 countries
  • Supports leading exchanges, wallets and price feeds
  • Coded and audited by network security experts
  • Intuitive and simple user interface

Physical security is a priority, and the ABM has an internal steel vault that can be securely bolted to wall, stand, or countertop.

Charity Coin

  • Bringomg a new source of revenue for global charities.
  • When CryptoAid generates a coin, part of the currency will go to the miner and part goes to a pool of charities chosen by the CryptoAid community.

12 Month Chart

Supreme Pharmaceuticals Inc. Announces Brayden R. Sutton as Executive V.P

Posted by AGORACOM-JC at 11:16 AM on Thursday, August 28th, 2014

VANCOUVER, BRITISH COLUMBIA–(Aug. 28, 2014) - Supreme Pharmaceuticals Inc. (“Supreme” or the “Company”) (OTCBB:SPRWF)(CSE:SL) is pleased to announce Brayden R. Sutton as Executive Vice President.

Mr. Sutton will be responsible to oversee operations, assisting in the overall design and completion of the facilities, marketing, financing and business development.

Mr. Sutton has been involved on the research and analysis side of cannabis and cannabis related businesses for over 10 years. Brayden has a thorough understanding of the science of cannabis, the patients who use it, and close ties to the physician community.

He brings over 12 years of successful experience in the capital markets as an investor and financier since 2002 as well as extensive management and operational experience overseeing large-scale projects. He is also President and CEO of CannabisHealth.com as well as having served as the only Canadian Analyst for 420Investor.com.

David Stadnyk, President and CEO stated:

“We are very pleased Brayden is joining the Company as he will be a great addition to our management team with his thorough knowledge of the industry and deep understanding of our business”.

FORWARD LOOKING INFORMATION

This news release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. This news release includes forward-looking statements with respect to the up grading of the facility, the timing on completion of the MMPR License conditions and the start of production. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com and such factors as the Company failing to finish the upgrading of the facility and put the same into production in accordance within the terms of the MMPR license. This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995.

Supreme Pharmaceuticals Inc.
Investor Relations
430 – 580 Hornby Street, Vancouver BC, V6C 3B6
604.674.2191
info@supremepharmaceuticals.com
www.supremepharmaceuticals.com

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